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☆ Trump's first 2 years will be shaped by who wins the House. We may not know the outcome for days.
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.

Persons: Trump, —, Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine

☆ 6 easy ways to make your bathroom feel more luxurious, according to interior designers
▼ + stars: | 2024-11-06 | by ( Chloe Caldwell | ) www.businessinsider.com time to read: +1 min

Business Insider asked interior designers to share ways to make a bathroom feel more luxurious. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The good news is that it's typically unnecessary to budget for a full overhaul, as there are simple yet impactful ways to add luxurious touches to a bathroom. That's why Business Insider asked New York-based interior designer Alvin Wayne and Portland-based interior designer Hannah Lichtenthaler of Allison Smith Design to share ways to transform any bathroom into a luxurious space.

Persons: —, Alvin Wayne, Hannah Lichtenthaler, Allison Smith Organizations: Service, HGTV, Business Locations: York, Portland

☆ Republicans win back control of the Senate
▼ + stars: | 2024-11-06 | by ( Geoff Weiss | Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Republicans are projected to retake the majority in the US Senate. AdvertisementRepublicans are projected to regain control of the US Senate after winning seats in West Virginia and Ohio, according to Fox News and the Associated Press, ending four years of Democratic control. Republicans also appeared likely to win a 52nd seat in Montana, where Sen. Jon Tester trailed the GOP candidate Tim Sheehy. Despite dramatically outraising Republicans in many of this year's tightest Senate races, Democrats faced a punishing map and were primarily on defense. Democrats' best pick-up opportunity in the Senate was in Texas, where Republican Sen. Ted Cruz ultimately survived a tougher-than-expected challenge from Rep. Colin Allred.

Persons: —, Sen, Joe Manchin, Sherrod Brown, Bernie Moreno, Deb Fischer, Dan Osborn, Jon Tester, Tim Sheehy, Republican Sen, Ted Cruz, Colin Allred, Kamala Harris, Donald Trump Organizations: Service, Fox News, Associated Press, Democrats, GOP, Republican, Republicans, Senate, Democratic Locations: West Virginia, Ohio, Nebraska, Montana, Pennsylvania , Michigan, Wisconsin, Nevada, Arizona, Texas

☆ Conan O'Brien says he got burned out while working at SNL: 'I regret being so intense about that job'
▼ + stars: | 2024-11-06 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

Conan O'Brien said he experienced burnout while working as a writer at "Saturday Night Live." The former talk show host said he regrets being "too intense" at his job. AdvertisementConan O'Brien regrets being so intense while working as a writer on "Saturday Night Live." "I was burned out, and I said, like, I've got to go," said O'Brien, who worked at SNL from 1988 to 1991. O'Brien is not the first to have opened up about the stressful nature of working at SNL.

Persons: Conan O'Brien, —, Tom Hanks, I've, O'Brien, Andy Samberg, Kevin Hart's Peacock, Hart, Rachel O'Neill, Anaïs, Imani Ellis Organizations: Service, SNL, Business Insider, Health, BI

Younger votes tilted red, Latino voters increasingly backed Trump, and spending hit record highs. Democrats' lead with young voters fell by 11 pointsAmerica's younger voters shifted to the right in 2024, exit poll data released by the major news networks indicated. The exit poll found that Latino men drove Trump's gain, as they voted for him over Harris by 10 points. Related storiesAbout two-thirds of voters felt the economy was either "not good" or "poor," exit poll data showed. Advertisement45% said their financial situation is worse than at the last election, compared to 20% of 2020 voters who felt they were worse off than in 2016.

Persons: Donald Trump, Kamala Harris, Trump, —, we've, Joe Biden, Harris, Gen X, Biden, Biden — Organizations: Service, Democratic, Trump, Latina, Biden, Georgia, Cities, The New York Times, Financial Times Locations: Rural, Wisconsin , Michigan, Pennsylvania, Nevada, Arizona, North Carolina, Trump

☆ Toyota and BMW are the latest casualties in China's evolving EV market
▼ + stars: | 2024-11-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Toyota and BMW both reported plunging profits on Wednesday. China's EV giants like BYD are squeezing out foreign automakers and increasingly expanding into the premium market. AdvertisementChina's EV giants are rising, putting foreign automakers under pressure in the world's largest car market. Toyota and BMW reported a drop in quarterly profits on Wednesday, with sales in China slumping for both companies as they face growing competition from local automakers like BYD. In China, meanwhile, Toyota is facing fierce competition from local EV giants like BYD.

Persons: —, BYD, Xiaomi Organizations: Toyota, BMW, EV, Service, Sales, Mercedes, Audi Locations: China, Japan

☆ Workers in Missouri can look forward to raises after minimum wage boosts passed
▼ + stars: | 2024-11-06 | by ( Juliana Kaplan | Matthew Loh | ) www.businessinsider.com time to read: +4 min

In Missouri, voters opted to raise the minimum wage. Related VideoMissouriIn Missouri, voters have opted to raise the state's minimum wage to $15 by 2026. His opponent, Vice President Kamala Harris, has pledged support for raising the federal minimum wage from $7.25 to $15 an hour. MassachusettsIn Massachusetts, tipped workers won't see their pay slowly rise to meet the state's minimum wage. Massachusetts tipped workers would have had their hourly paychecks shake out to 64% of the state's minimum wage in addition to tips.

Persons: —, Donald Trump, Kamala Harris, David Burmeister, Louis, We've Organizations: Workers, Service, New York Times, Missouri, Midwest Pasta Co, Employees, The New York Times Locations: Alaska , California , Massachusetts, Missouri, — Massachusetts, California, Alaska, Massachusetts, Arizona, , Massachusetts, St, Arizona In Arizona

☆ China's navy warned its millennial and Gen Z sailors not to display their military credentials to attract attention on dating apps
▼ + stars: | 2024-11-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China told its sailors on Monday to avoid posting about their jobs on dating apps. In the last year, China has pushed hard on warnings about online habits that it deems are security threats. AdvertisementChina's navy warned its younger members on Monday to avoid publicizing their military careers on dating apps over concerns of security breaches by foreign entities. The internet has traps," the People's Liberation Army Navy's official propaganda arm wrote in a social media post for the "internet generation." Related Video China shows how it would attack Taiwan as tensions rise"Nowadays, dating apps have emerged in an endless stream," the post reads.

Persons: —, Xi Jinping, Li Shangfu Organizations: Service, People's Liberation Army, Microsoft, Defense Locations: China, Taiwan, Beijing, Washington

☆ TikTok star Claudia Conway talks navigating political disagreements with mom Kellyanne Conway
▼ + stars: | 2024-11-06 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +3 min

Claudia Conway posted a TikTok showing her and her mom, Kellyanne Conway, going to vote together. Claudia Conway told BI there's "absolutely no universe" in which she'd vote for Trump. The two have famously disagreed on politics, but Claudia Conway shared their trip to the polls on TikTok nonetheless. "While I'm not happy with who she voted for or her voting choices, they're her choice," Claudia Conway said of her mother's politics. Representatives for Kellyanne Conway did not immediately respond to a request for comment.

Persons: Claudia Conway, Kellyanne Conway, —, Donald Trump, I'm, Kamala Harris, HeadCount, Gen, Harris Organizations: Trump, Service Locations: TikTok, Pennsylvania, Wisconsin

☆ History says US stocks have a 95% chance of finishing the year strong — no matter who gets elected
▼ + stars: | 2024-11-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.

Persons: Stocks, —, that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed

☆ Trump wins Pennsylvania, the most important swing state in the 2024 election
▼ + stars: | 2024-11-06 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Donald Trump has won Pennsylvania. With 19 electoral votes, the state was highly coveted by both Trump and Kamala Harris. AdvertisementFormer President Donald Trump has won Pennsylvania, the pivotal swing state that was the most coveted state on the electoral map this year. With this victory, called by Fox News, CNN, and NBC News early Wednesday, Trump has secured the state's 19 electoral votes. Elon Musk, who donated over $100 million in favor of electing Trump, also campaigned in the state for the former president.

Persons: Donald Trump, Trump, Kamala Harris, —, It's, haven't, Joe Biden —, Josh Shapiro, Shapiro, Harris, Elon Musk Organizations: Pennsylvania, Service, Fox News, CNN, NBC News, Trump, Delaware —, Keystone State's Democratic Locations: Pennsylvania, — Michigan, Wisconsin, Scranton, Delaware

☆ Martha Stewart was America's first self-made female billionaire. Here's how she makes and spends her fortune.
▼ + stars: | 2024-11-06 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Before she started a media empire, Martha Stewart worked as a stockbroker in New York City. In 1999, Stewart became the first self-made female billionaire in the United States. Though she's no longer a billionaire, Martha Stewart continues to live a very luxurious life. Martha Stewart's rise from caterer to billionaire media mogul is now featured in the Netflix documentary "Martha," which explores her life, fame, and business prowess. Here's how Martha Stewart built, partially lost, and rebuilt her fortune over the years.

Persons: Martha Stewart, Stewart, —, Martha Stewart's, Martha Organizations: Service, Netflix Locations: New York City, United States

☆ Elon Musk's Grok AI was pretty excited Trump won the 2024 election. Here's what else AI chatbots had to say.
▼ + stars: | 2024-11-06 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

AdvertisementThe 2024 presidential election has been called, and this year voters had the option to follow along with AI-enabled search tools. AdvertisementOpenAI's ChatGpt-4o, Perplexity AI, Google Search and Google Gemini, Microsoft's consumer CoPilot, and X's Grok were prompted with the following questions:Who will win the presidential election? Who won the presidential election? The top of the AI search results included the latest news articles about the election and a ticker for the Electoral College. Perplexity AI's election tool answers a question about the 2024 Presidential election.

Persons: ChatGPT, Copilot, —, OpenAI's, X's Grok, Elon, Grok, Douglas Adams, Elon Musk, Helen Li, Perplexity, Kento Morita, Morita Organizations: Google, Service, Associated Press, Reuters, Business, Trump, Microsoft, Gemini, Electoral College

☆ Putin's allies celebrated as Trump closed in on victory
▼ + stars: | 2024-11-06 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Kremlin officials and allies welcomed Donald Trump's 2024 election win. AdvertisementKremlin officials and allies celebrated as Donald Trump closed in on victory in the 2024 election. Meanwhile, Kirill Dmitriev, the head of Russia's sovereign wealth fund, said a Trump victory could help improve Russia's relationship with the US. Despite the understated response from the Kremlin, there are indications that the Russian leadership has long favored a Trump victory in the election. There's reason to be waryThe reaction to Trump's victory from Russian state TV host and Kremlin propagandist Olga Skabeyeva was openly celebratory.

Persons: Donald Trump's, Dmitry Medvedev, Trump, —, Donald Trump, Medvedev, Putin, Kirill Dmitriev, Biden, Goldman Sachs, Volodymyr Zelenskyy, Dmitry Peskov, Vladimir, Peskov, Kamala Harris, Trump's, Vladimir Putin, he's, JD Vance, Maria Zakharova, Olga Skabeyeva, Putin wasn't, Barack Obama Organizations: Service, Ukraine, Trump, Reuters, Republican, Democratic, Russian Direct Investment Fund, RDIF, Moscow Times, Fox News, Kremlin, Washington Post Locations: Russian, Ukraine, Moscow, Russia, United States, Washington, DC

☆ Will Ferrell's 10 best and 10 worst movies, according to critics
▼ + stars: | 2024-11-06 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . His movies, which include "Anchorman," "Talladega Nights," "Step Brothers," "Barbie," and "Elf," have made hundreds of millions at the box office. We've identified the 10 best and 10 worst movies that Ferrell has starred in, according to critics' scores on Rotten Tomatoes. See where your favorite Ferrell film lands.

Persons: Will Ferrell, He's, Harper, —, We've, Ferrell Organizations: Netflix, Service, Rotten

Detailed below is how a Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans. Trump has proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.

Persons: Donald Trump, —, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White Locations: Americas

☆ A veteran bond operator shares an alpha-generating strategy for dropping yields and muted stock-market returns
▼ + stars: | 2024-11-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Credit markets face challenges, but opportunities exist in corporate bonds and cheap optionality. But when times are tight, companies deleverage until their debt is less than their cash flow. The yields in corporate bonds aren't much higher than in government bonds, meaning less compensation for more risk. Advertisement"This trade works if natural gas prices remain stable or rise, leading the energy bond to outperform the overall corporate bond market," Rieder said. "It's an excellent opportunity to capitalize on the current tight credit spread conditions and complacency in the overall credit market."

Persons: —, Goldman Sachs, David Kostin, Mark Rieder, Rieder, I've Organizations: Service, Fed, Treasury, Bloomberg, Business

☆ The Polymarket 'whale' banked $48 million in profits on Trump's election win
▼ + stars: | 2024-11-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A French trader profited $48 million betting on Trump's election win via Polymarket. The trader, known as Théo, wagered heavily on Trump winning the Electoral College and the popular vote. AdvertisementThe Polymarket "whale" who bet about $30 million on a Donald Trump election win saw about $48 million in profits, according to data from the crypto-based betting platform. As of Wednesday morning, the Theo4 Polymarket account is sitting on about $22 million in profits. Related VideoMeanwhile, the three other accounts controlled by the whale — Fredi9999, PrincessCaro, and Michie — have a combined $26 million in profits.

Persons: wagered, —, Donald Trump, Michie —, Trump, Théo Organizations: Polymarket, Trump, Electoral College, Service, Wall Street Journal Locations: France

☆ I quit my corporate job and moved to Europe to become a freelance copywriter. It's been challenging, but I'm glad I stuck it out.
▼ + stars: | 2024-11-06 | by ( Dalia Goldberg | ) www.businessinsider.com time to read: +7 min

After graduating from college, Dalia Goldberg found a job working in marketing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A freelancer had written the article using the knowledge they'd gained from living in Spain and running a travel blog. While I worked with freelance writers every day as part of my job, I had no idea what it was like to actually be one. AdvertisementIf you're planning a move abroad or a big life change, there are going to be moments when you want to quit.

Persons: Dalia Goldberg, —, I'd, I've, Canada I'd, It's, it's, you'll Organizations: Service Locations: Berlin, Spain, Canada, Málaga, Germany, Europe, Greece, Istanbul, Budapest, Bucharest

☆ NATO chief warns that the alliance can't afford to not back Ukraine as Trump snatches a White House win
▼ + stars: | 2024-11-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Donald Trump won the presidential election Wednesday, clearing the way for his return to the White House. His past rhetoric has raised concerns over the future of US security assistance to Ukraine and support for NATO. But in a new op-ed, the NATO chief said the military alliance can't afford to stop supporting Kyiv. It did not mention Trump, nor did it single out the US over its military support. AdvertisementIn a social media post earlier in the day, Rutte said he congratulated Trump on winning the election.

Persons: Donald Trump, —, Donald Trump's, Mark Rutte, Rutte, Joe, Carolyn Kaster, Putin, Rutte's, Trump, Biden, Volodymyr Zelenskyy, Julia Demaree Nikhinson, logjam, Laurynas Organizations: NATO, Service, Russia, Dutch, POLITICO, AP, Ukraine, Trump, Transatlantic, Kyiv's, Alliance Locations: Ukraine, Kyiv, Washington, China, Iran, North Korea, Russia, Donetsk, Europe, New York

☆ I'm a college student who pays nearly $1,000 in annual fees for 4 credit cards. It's worth it for good credit and travel perks.
▼ + stars: | 2024-11-06 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +7 min

She got her first credit card as a freshman to build up her credit score and kept a strict budget. Griffin now uses her AmEx cards to earn points for travel costs and flew to Japan for free. I'd marked all the due dates in my calendar, and I was never late for a credit card payment. AdvertisementIn addition to all the benefits I've received when traveling, my credit cards helped me raise my credit score to 755. I never stop learning about financeI think college students should consider getting a student credit card with no fee.

Persons: Skylar Griffin, Griffin, —, I'd, I've, I'm, Amex isn't Organizations: Service, Columbus State University, Bank of America, Marriott, Hilton, Hertz, Rentals, Business, of America Locations: Japan, Georgia, New York, Bahamas, Japan , New York, Miami

☆ What mattered more to Trump: Musk's money, or Musk's platform?
▼ + stars: | 2024-11-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Elon Musk's Twitter purchase has been a financial disaster. But if Twitter helped elect Trump, and Trump rewards Musk for that, does that matter? We don't know what role Twitter — and Musk's money — played in Trump's election. 🇺🇸🇺🇸The future is gonna be so 🔥 🇺🇸🇺🇸 pic.twitter.com/x56cqb6oT5 — Elon Musk (@elonmusk) November 6, 2024So, was that $44 billion well-spent, after all? AdvertisementThe truth is we won't know for some time — possibly forever — how much Musk's Trump support mattered.

Persons: Elon, Trump, Twitter, —, Elon Musk, Donald Trump, rena, ould, emin, ories, ou this, aga, Amer, tim e Organizations: Twitter, Trump, Service, Elon, YouTube Locations: Trump's

☆ I skip Napa Valley and head to Paso Robles instead. It's California's best-kept secret for wine lovers.
▼ + stars: | 2024-11-06 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +7 min

Paso Robles also has more affordable and unique tastings compared to Napa Valley. I've visited Napa over 20 times, but over the past few years, Paso Robles has stolen my heart. AdvertisementAdding to that diversity is the low barrier to entry in the Paso Robles wine industry. Where you can wine and dineAnother reason I keep going back to Paso Robles is the fantastic restaurant scene. The wine-making world is slowly starting to learn about Paso Robles, but the town itself remains a hidden gem.

Persons: Paso Robles, —, You'll, Justin, JUSTIN, I've, Andrew Jones, Neeta Mittal, that's, Mittal, Kunal, Jones, Anneta, there's, Bolognese, Robles Organizations: Service, Recordings, Field, Michelin Locations: California, Napa Valley, Napa, Paso, Paso Robles, Bay Area, Angeles, San Francisco, Tin, Tin City, Silicon Valley, There's

☆ Photos show Americans' mixed reactions to Donald Trump's sweeping victory in the 2024 election
▼ + stars: | 2024-11-06 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Donald Trump defeated Kamala Harris in the 2024 election. Photos from watch parties across the US showed mixed reactions. Harris watch parties turned somber, while Trump watch parties became jubilant. AdvertisementFormer President Donald Trump is headed back to the White House for a second, non-consecutive term after defeating Vice President Kamala Harris in the 2024 election. Throughout election night, the mood shifted dramatically at watch parties hosted by Democratic and Republican groups.

Persons: Donald Trump, Kamala Harris, Harris, Trump, —, Joe Biden Organizations: Service, White, Democratic, Republican

☆ The best writing we're finding around the web on why Trump won, Harris lost, and what it all means
▼ + stars: | 2024-11-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Experts have been weighing in on why Donald Trump won the US election. AdvertisementThere's been an avalanche of analysis following Donald Trump's victory in the US presidential election on Wednesday, as experts sought to explain how the former president won a second term. They've offered a variety of reasons, ranging from a populist revolt against the elites to Vice President Kamala Harris' shortcomings as the Democratic candidate. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy post from late October titled "24 reasons that Trump won." AdvertisementNate Silver offered up 24 reasons why Donald Trump won.

Persons: Donald Trump, —, There's, Donald Trump's, They've, Kamala Harris, Steve Hanke, Johns Hopkins University Hanke, Ronald Reagan, Reagan, Steve Hanke Nate Cohn, Trump, Tina Fordham, Nate Silver, FiveThirtyEight, Harris, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Eric Corellessa, Musk Organizations: Service, Democratic, Johns Hopkins University, The New York Times, Silver, Trump, America, AP Locations: Washington, New York City, San Francisco, Israel, California

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