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Trump picked up a larger portion of voters under 30 than any Republican presidential candidate since 2008, according to NBC News exit polling, improving with both young men and young women. In 2020, President Joe Biden beat Trump by 11 percentage points among young men; this year, Trump beat Kamala Harris by 2 points. Among young women, Biden’s 35-point lead over Trump in 2020 shrunk to a 24-point lead for Harris. Among young white men without college degrees, Trump beat Harris, 56% to 40%. “Every candidate and party had an opportunity to really listen to young voters and hear what they really wanted,” Kawashima-Ginsberg said.

Persons: Donald Trump’s, “, Adin Ross, Theo Von, Bussin, Joe Rogan, ” Dana White, Trump, Joe Biden, Kamala Harris, Harris, “ it’s, ”, Kei Kawashima, Ginsberg, Young, Kawashima, Rogan, influencers, Jake Paul, ” Kawashima, Ryan Jones, Jones, would’ve, Jaiveer Bajwa, Kaeli Bennet, Barron Trump, Joe Rogan’s, Barron, Sobolewski, Von, ” Trump, Von’s, Alex Cooper’s “, Gen, Harris ’, Anil Cacodcar, you’re, ” Cacodcar Organizations: Trump, Republican, NBC, Tufts University’s Center for Information, Research, Civic, Edison Research, Harris ’, Trump ., YouTube, Harvard, Biden Locations: United States, Pennsylvania, Ohio

The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.

Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, “, ”, ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, “, Europe

Trump and the GOP have denied the tariffs would be inflationary, pointing to Trump’s success in imposing tariffs in his first term without reigniting inflation. Yet those tariffs, at $300 billion on selected Chinese goods, were much more targeted than the $3 trillion worth of blanket tariffs Trump is now expected to propose. And the inflationary environment is different now, too: During Trump’s first term, inflation only briefly ever climbed above 2%. It was Trump who appointed Powell to lead the Federal Reserve in his first term. But Trump has signaled a willingness this year to abandon the long-running principle of maintaining the Fed as an independent body.

Persons: Donald Trump’s, Trump’s, Trump, ’ Anna Kelly, David Seif, Jerome Powell, Powell, ” Trump, ” Seif, Seif Organizations: Federal, Wall, Federal Reserve, Nomura Holdings, Trump, GOP, Republican National Committee, Nomura, Fed, Bloomberg, Chicago Economic, Reuters Locations: China

ET Wednesday showed large gender gaps for the candidates: Among men, who made up 47% of the electorate, Harris won 42% of the vote and Trump won 55%. Among women, who made up 53% of the electorate, 53% voted for Harris and 45% for Trump. Broken down by race and education, the gender gap showed even wider splits in some cases: An overwhelming 91% of Black women voted for Harris vs. 7% who voted for Trump, and 57% of college-educated white women voted for Harris vs. 41% who voted for Trump. But among white female non-college graduates, only 35% voted for Harris vs. 63% who voted for Trump. But just 14% of voters said abortion mattered the most to their votes when they were asked to choose out of five issues.

Persons: Harris, Trump, ”, Jeff Horwitt, Bill McInturff, —, Walsh, Hillary Clinton, Biden Organizations: NBC, Trump, Democratic, Hart Research, Republican Locations: Trump

He has lavished praise on his campaign co-chairs, Chris LaCivita and Susie Wiles – who Trump named as his White House chief of staff on Thursday evening. In the 2016 election, Trump lost the popular vote to Hillary Clinton – and he repeatedly claimed falsely that he had won it. Trump’s priority is to finalize his Cabinet and senior White House staff, and the second wave is to sort deputy secretaries. Trump’s aides, however, anticipate that he will make use of the golf courses at Andrews Air Force Base when back in the White House. Trump mostly golfed at his club in Virginia while at the White House during his term.

Persons: Donald Trump, Chris LaCivita, Susie Wiles –, Trump, he’s, Hillary Clinton –, Elon Musk, Musk, ’ Trump, Jason Miller, ” Miller, Joe Biden, Kamala Harris, Biden, ” Trump, Harris, Trump’s, Barack Obama, Andrews, CNN’s Zachary Cohen Organizations: Palm Beach , Florida CNN —, Trump, White, White House, CNN, NBC News, Andrews Air Force Base Locations: Palm Beach , Florida, Florida, Lago, Virginia

☆ Germany appoints new finance minister as pressure for quick snap elections mounts
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Olaf Scholz, Germany's chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Jörg Kukies was appointed as Germany's new finance minister on Thursday, as pressure mounts on Chancellor Olaf Scholz to call for a confidence vote and trigger snap elections after the dissolution of his ruling three-way coalition. Kukies replaces Christian Lindner, whom Scholz sacked on late Wednesday, citing the need to protect Germany from economic damage. Germany's Minister for Digital and Transport Volker Wissing — who was also a party member — said in a statement to the press that he would stay on in his role, but leave the FDP. On Thursday, Steinmeier announced that, in addition to his previous role, Wissing will also take over as justice minister.

Persons: Olaf Scholz, Germany's, Joerg Kukies, Jörg Kukies, Kukies, Christian Lindner, Scholz, Lindner, Lindner's, Frank, Walter Steinmeier, Transport Volker Wissing —, —, Steinmeier, Wissing Organizations: Sharm El Sheikh International Convention, Green, Germany's, Digital, Transport Locations: Sharm, Sharm El, Sheikh, Egypt, Germany

☆ Federal Reserve cuts interest rates by a quarter point
▼ + stars: | 2024-11-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

watch nowThe Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. Among them was an altered view in how it assesses the effort to bring down inflation while supporting the labor market. The statement slightly downgraded the labor market, saying "conditions have generally eased, and the unemployment rate has moved up but remains low." Generally, the labor market has held up well. An acceleration in economic activity under Trump could persuade the Fed to cut rates less, depending on how inflation reacts.

Persons: Michelle Bowman, Jerome Powell, nonfarm, Donald Trump, Trump, Powell, Pace Organizations: Federal Reserve, Federal, Committee, Gross, Atlanta Fed, Trump Locations: Tuesday's

☆ Here are Big Tech's winners and losers from Donald Trump's win, according to the market
▼ + stars: | 2024-11-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Donald Trump's election win boosted tech stocks the next day, with Tesla leading the gains. Trump's past policies reshaped tech; his second term may impact Big Tech similarly. So what has the stock market told us so far about which Big Tech companies might be winners and losers during a Trump second term? Google gainsGoogle is somewhat surprising as a big stock gainer in the past two trading days. 'Shock absorber for the consumer'Slowinski highlighted other Big Tech stocks this week in his note to investors.

Persons: Donald Trump's, Tesla, —, Donald Trump, Trump, Tim Cook, Ben Thompson, TSMC, Elon Musk, Elon, Ana Altchek, Stefan Slowinski, Mark Zuckerberg, Slowinski, Thompson, Slowinsky Organizations: Big Tech, Service, Trump, Apple, Google, Alphabet, BNP, Trump's, Democratic, Meta, Amazon, Microsoft Locations: China, Taiwan, Stratechery, North America

CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ Elon Musk went all-in on Pennsylvania — and his expensive effort paid off big time
▼ + stars: | 2024-11-07 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Beyond appearing beside Trump, Musk hosted his own events in Pennsylvania. AdvertisementMuch of Musk's work in Pennsylvania happened through the super PAC he created, America PAC. Musk, the Trump campaign, and the Harris campaign did not respond to requests for comment for this article. Jeff Swensen/Getty ImagesBut Charlie Gerow, a Republican strategist in Pennsylvania, told BI on Wednesday that Musk's positive effort was undoubtedly felt on the ground. America PAC didn't just rely on traditional door-knocking — it also turned to novel methods, including some that landed the group in legal jeopardy.

Persons: Elon, Trump, —, Elon Musk, Donald Trump, Musk, JIM WATSON, Tom Eddy, he's, Eddy, Harris, Chris Young, Daniel Fee, Jeff Swensen, Charlie Gerow, America PAC's, Patricia Poprik, Christian Nascimento, John Dreher, Samuel Corum, Donald Green, Green, I'm, Lucky Organizations: PAC, Service, Pennsylvania, Keystone State, Trump, Keystone, Getty, Erie County Republican, America PAC, Federal, Commission, New York Times, Republican, America, Democratic, Business, Times, Bucks County Republican, Montgomery County Republican, of Justice, Philadelphia District, Columbia University, White, Electoral Locations: Pennsylvania, Butler County ,, Pittsburgh, Butler , PA, Erie County, America, Bucks County, Montgomery County, Harrisburg , PA

☆ Grammy nominations preview: An album of the year race that’s impossible to predict and more
▼ + stars: | 2024-11-07 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +8 min

More women have been represented in the album of the year category since it was expanded in 2019, going from 5 nominees to 8 or more. Her husband Jay-Z, reminded Grammy voters of this perceived oversight during last year’s ceremony. But the race for album of the year is just one part of what may make the 2025 Grammy Awards special. 1 on the Billboard 200, he is on track to, at the very least, earn multiple nominations on Friday. The Grammy nominations will be announced live on Friday at 10:45 a.m. EDT/7:45 a.m. PDT on the Recording Academy’s YouTube page.

Persons: Taylor Swift, Beyoncé, Billie Eilish, Ariana Grande, Sabrina Carpenter, Charli XCX, Chappell Roan, Jon Batiste, Paul Grein, ”, Swift, “ Cowboy Carter, ” Grein, she’s, Jay, Grein, “, ” Swift, “ Midnights ”, Barbra Streisand, Kendrick, Lamar, Drake, XCX, Maria M . Silva, Roan, Carpenter, Charli, it’ll, Cowboy Carter, Beyonce, don’t, Megan Thee, Slim Pickens ”, Spiritbox, Kendrick Lamar, Timothy Norris, Drake’s, Celine Dion reenters, Celine Dion’s, Celine Dion, Jon Batiste’s, Willie Nelson’s, Willie Nelson, Taylor Swift’s, Michael Webb, Lady Gaga, Malone, Morgan Wallen, this’ll, Beyonce “ Levii’s Organizations: CNN, Recording Academy, “, Poet’s Department, Storm King, Albany Times Union, Hearst Newspapers, Kia Forum, Getty, Beatles, London Palladium, Hulton Locations: New Windsor , New York, Inglewood , California, Lamar

☆ The Handmaid’s Tale, 1984 and other books are flying off the shelves after the election
▼ + stars: | 2024-11-07 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

(CNN) – Margaret Atwood’s “The Handmaid’s Tale,” a novel set in a totalitarian society, has shot to the top of Amazon’s bestselling books list following Donald Trump’s reelection. Former president Trump clinched a victory against Vice President Kamala Harris in Tuesday’s election, securing a second term, non-consecutive after he lost in 2020. “The Handmaid’s Tale” takes place in a theocratic, male-dominated future America where the US Constitution is suspended, media is censored and women (the titular “handmaids”) are forced to bear children for the ruling class. Many have harnessed comparisons to Atwood’s classic in the lead-up to the election, particularly around the topic of reproductive rights. Calm drew attention on social media after airing ads that gave viewers “30 seconds of silence” amid continuous election coverage.

Persons: – Margaret Atwood’s “, ”, Donald Trump’s, Trump, Kamala Harris, Harris, Roe, Wade, handmaids, Barack Obama, Valerie Jarrett, Joe Biden’s, Hillary Clinton, Atwood, X, It’s, Brett Kavanaugh’s, George Orwell’s “, Ray Bradbury’s, Melania Organizations: CNN, Barnes, Trump, US Supreme, MSNBC, Apple Locations: skyrocketing, Tuesday’s, America

☆ Trump thinks presidents have near-total power: there will be little to stop him in his second term
▼ + stars: | 2024-11-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump believes presidents have almost absolute power. In his second term, there will be few political or legal restraints to check him. It’s not guaranteed that just because Trump has massive power he will spurn constitutional checks and balances. No other president has come into office armed with a Supreme Court ruling that grants significant immunity to presidents for official acts. Attempts to prosecute Trump’s political foes on spurious grounds, meanwhile, could theoretically see mass resignations of Justice Department staff.

Persons: Donald Trump, Kamala Harris, Trump, he’ll, It’s, ”, Adam Kinzinger, Arizona Sen, John McCain, Marjorie Taylor Greene, “, scoffed, CNN’s Dana Bash, ” Trump, Jack Smith, Elie Honig, Corey Brettschneider, ” Brettschneider, Patrick Henry’s disquiet, George Washington, Brettschneider, Henry, —, Vladimir Putin, Xi Jinping, Viktor Orbán, he’s, Ketanji Brown Jackson, Don McGahn, John Kelly, Mark Esper, That’s Organizations: CNN, White, Republican Party, GOP, Republican, Trump, Capitol, Electoral College, “, Affordable, Georgia Republican, Justice Department, Trump —, Brown University, Citizens, Democratic House, Department, Constitutional Convention Locations: Washington, ”, Ohio, Ukraine, Arizona, Illinois, Georgia, New York, America, Hungarian, New Hampshire, Trump

☆ Peter Thiel's 'contrarian' election prediction came true
▼ + stars: | 2024-11-07 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Peter Thiel made a "contrarian" prediction that the election wouldn't be close. Thiel has a history of making contrarian bets in his investments and business ventures. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn September, conservative tech billionaire Peter Thiel made what he acknowledged was an unusual prediction about the 2024 election. My one contrarian view on the election is that it's not going to be close," Thiel said in September at an appearance at the All In Summit in Los Angeles.

Persons: Peter Thiel, Thiel, —, it's, aren't, Kamala Harris, Donald Trump, Kamala, Trump, Sen, JD Vance, Blake Masters — Thiel, Elon Musk Organizations: Trump, Service, PayPal, Trump voters, Democratic, Republican Locations: Los Angeles, Ohio, Trump

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how much impact the U.S. president has on the economy50% of Americans believe that the result of the 2024 presidential election will directly impact their personal finances, according to a survey by financial services company Empower. And about 99% of voters said that the economy was at least somewhat important in influencing their vote for the next president, according to Gallup. So how much influence do U.S. presidents actually have on the economy?

Organizations: Gallup

☆ Britain loves its 'special relationship' with the U.S. — but that doesn't mean Trump will love it back
▼ + stars: | 2024-11-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

London feels those long-standing bonds and geopolitical interests make its relationship with the U.S., well, special. Not so special anymoreDescribing the "special relationship" as one of convenience for the U.S., Pickering said the U.K. could still maneuver itself to be useful to an incoming Trump government. Whisper it, but the "special relationship" ceased to be special long ago, according to Holger Schmieding, chief economist at Berenberg. "That Trump and Starmer are apparently not fans of each other, to put it mildly, will not help in future U.S.-U.K. talks. Britain's Queen Elizabeth II greets U.S. President Donald Trump as he arrives for the Ceremonial Welcome at Buckingham Palace, in London, Britain June 3, 2019.

Persons: Donald Trump, Jeff J Mitchell, Keir Starmer, Trump, David Lammy, Starmer, Harris, Joe Biden, Kevin Lamarque, Badenoch, Lammy, Kallum Pickering, Peel Hunt, We're, we'll, Pickering, Holger Schmieding, Schmieding, Britain's Queen Elizabeth II, Victoria Jones Organizations: Getty, U.S, London, Britain's, Republican, Trump Tower, Trump, Atlantic, Labour Party, White, Reuters, Conservative Party, Republicans, Labour, European Union, China, Peel, CNBC, NATO Locations: London, New York, Washington, Europe, China, EU, U.S, America, Buckingham, Britain

Unlike Trump’s surprise win in 2016, House and Senate GOP leaders have been preparing for months for a possible GOP sweep. With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much. But it wouldn’t be easy to clear a huge package through a narrowly divided House even if Republicans control all the levers of power.

Persons: Donald Trump, ” GOP Wisconsin Sen, Ron Johnson, Mike Johnson, Trump, Johnson, Joe Biden, Johnson —, —, “, Tim Burchett, ” Johnson, Mark Meadows, Steve Bannon, Joe Biden’s, Nicole Malliotakis, ” Malliotakis, — Biden, Nancy Pelosi, “ Dems, Marjorie Taylor Greene, ” Greene, Danya Gainor Organizations: CNN, Republicans, Capitol, GOP, Trump, ” GOP Wisconsin, Senate Finance, House, Democratic, Republican, “, Trump Administration, House Republicans, Republican New York, Democrats, Biden White, nab Locations: Washington, ”, Pennsylvania, Michigan, Congress

☆ The president's influence on the U.S. economy may be greatly exaggerated, according to experts
▼ + stars: | 2024-11-07 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

About 50% of Americans believe the result of the 2024 presidential election will directly affect their personal finances, according to a survey by financial services company Empower. And about 99% of voters in a Gallup survey said the economy was at least somewhat important in influencing their vote for the next president. "Voters absolutely are using the economy as a metric by which to evaluate presidents," said John Kane, a clinical associate professor of politics at New York University. But according to experts, the president's power over the economy might be exaggerated. Watch the video above to discover how much influence the U.S. president has over the economy.

Persons: John Kane, Mark Hamrick, You've Organizations: Gallup, New York University Locations: U.S

☆ Europe's markets head for mixed open as Trump win settles in; Fed, BoE decisions in focus
▼ + stars: | 2024-11-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open as global investors digest Donald Trump's presidential election win and political upheaval in Germany. They also await monetary policy decisions from the U.S. Federal Reserve and Bank of England. Global markets continue to react to Donald Trump's decisive election win, with U.S. stocks rallying Wednesday as Wall Street rejoiced the speedy conclusion of the presidential election. Central banks will be closely watched Thursday, with the Fed and BoE both expected to announce rate cuts. Scholz announced he would bring a vote of confidence to the German parliament on Jan. 15.

Persons: Donald Trump's, Germany's DAX, BoE, Chancellor Olaf Scholz, Christian Lindner, Lindner's, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, Global, Fed Locations: Germany, Asia, Pacific, U.S

☆ French regulators are looking into Polymarket after a massive surge in US election betting
▼ + stars: | 2024-11-07 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

France's gambling regulator said it's looking into Polymarket to determine compliance with domestic laws. That comes after one "whale" who bet $30 million on a Trump win was revealed to be a French national. "We are aware of this site and are currently examining its operation and compliance with French gambling legislation," a spokesperson for the regulator told Bloomberg. A report from the crypto news site The Big Whale said the ANJ is preparing to ban the site for French users. AdvertisementPolymarket garnered nearly $3.7 billion in wagers on the election before the result was called, Polymarket data shows.

Persons: —, Donald Trump, it's, Polymarket, Whale, Kamala Harris Organizations: Trump, Service, des Jeux, Bloomberg, Wall Street Journal Locations: French, France, New York

Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. "All the property must be turned over to the receiver and if not, I will hold him in contempt," the judge told Caruso, whose client was by turns angry, animated and frustrated during the proceeding. "The vast majority of physical property, we have no idea where it is," Nathan said at Thursday's hearing. Nathan alleged that Giuliani has opened secret bank accounts and created limited liability companies on the heels of the defamation verdict last year. Before he entered court Thursday, Giuliani fumed over a judge's order that he show up in person saying it is "like a political persecution."

Persons: Rudy Giuliani, Judge Lewis Liman, Giuliani's, Kenneth Caruso, Liman, Caruso, Ruby Freeman, Wandrea Moss, Aaron Nathan, Giuliani, Nathan, Donald Trump Organizations: New, Trump, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Palm Beach , Florida, Ronkonkoma, Long, Washington ,

☆ What to know about Trump’s US government reformation plan
▼ + stars: | 2024-11-07 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

While Trump may not want to associate with that plan, it was formulated by his allies – at least 140 people associated with Project 2025 worked in Trump’s administration, according to a review by CNN’s Steve Contorno. Trump’s adviser Stephen Miller said on Fox News to expect deportations to begin the moment Trump is again president on January 20, 2025. Commonly referred to as “Schedule F,” Trump’s plan was to undo long-standing protections for nonpartisan civil servants. John McEntee, who was director of the White House Presidential Personnel Office during Trump’s first administration, worked on Project 2025, building a list of Trump loyalists suitable for administration roles. Only one of the 26 potential positions in a Trump Cabinet, Vice President-elect JD Vance, is in place.

Persons: Donald Trump, Trump, –, CNN’s Steve Contorno, Russell Vought –, Biden, What’s, Stephen Miller, “, ”, it’s, Carlos Gimenez, CNN’s Pamela Brown, ” Gimenez, we’ll, ” CNN’s Priscilla Alvarez, Tom Homan, Obama, John McEntee, McEntee, he’s, Kennedy, Walker, Joe Biden’s, JD Vance, John Kelly, Donald Jr, It’s, that’s, Nixon Organizations: CNN —, Ukraine “, Heritage Foundation, Trump, Management, National Guard, Fox News, Florida Republican, ICE, CNN, DC, White, United, Trump Cabinet, Defense and Homeland Security, Republican Locations: Ukraine, Florida, Trump, Georgia, United Nations, United States, ”

☆ What Trump’s historic election victory means for the global economy
▼ + stars: | 2024-11-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesDonald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. The former president's litany of campaign pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements. Trump's favorite wordTrump has previously described "tariff" as his favorite word, calling it "the most beautiful word in the dictionary." And we don't see Trump's secondary tariff pledge — that baseline tariff, which would hurt European companies — as being all that feasible," Galbraith said. Analysts have warned that Trump's plan to impose universal tariffs are highly likely to raise prices for consumers and slow spending.

Persons: Donald Trump's, Kamala Harris, Trump, Lizzy Galbraith, Abrdn, Galbraith, CNBC's, Donald Trump, Ben May, Mitchell Reiss Organizations: Nurphoto, Getty, European Union, Bloomberg, Trump, Oxford Economics, Signum Global Advisors, Macquarie Group, Royal United Services Institute Locations: Binzhou, China, Florida, U.S, Mexico, Greensboro , North Carolina, Ukraine, Europe, Asia, Qingdao Port, Shandong province, Qingdao, American

☆ The year-end stock rally has begun, Goldman Sachs says
▼ + stars: | 2024-11-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Wednesday's massive rally may be just the start of a huge year-end rally. Goldman Sachs tactical specialist Scott Rubner thinks those gains won't stop anytime soon. "The year-end rally starts today and may be higher than investors were expecting," he said Wednesday. Goldman data shows buybacks are already up 15% in 2024 from the last year, at more than $1.05 trillion. "We know we are fighting the tape here, but believe it makes sense to sell the stock."

Persons: Donald Trump's, Kamala Harris, ChatGPT, Goldman Sachs, Scott Rubner, Rubner, Goldman, Baird Organizations: Dow Jones, Nasdaq, Goldman, JPMorgan Chase

☆ Here are Thursday's biggest analyst calls of the day: Nvidia, Tesla, Duolingo, Disney, Allstate, & more
▼ + stars: | 2024-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Solaredge to underperform from neutral Bank of America says Solaredge is at risk of tariffs in a Trump administration. Barclays downgrades Coty to underweight from equal weight Barclays downgraded the beauty stock following earnings and says it sees "strategy creep." Baird upgrades McKesson to outperform from neutral Baird upgraded the healthcare and medical supply company following earnings. JPMorgan upgrades Clearwater to overweight from neutral JPMorgan upgraded the software company following earnings. " Seaport downgrades Duolingo to neutral from buy The firm downgraded the language App company mainly on valuation following earnings.

Persons: Solaredge, Jefferies downgrades Palantir, Jefferies, PLTR, Bernstein, Ford, Morgan Stanley, Wolfe, it's, Trump, Coty, Schneider, Schneider National's, Apple, it's bullish, Max, Baird, MCK, JPM, CWAN, Guggenheim, Sunrun, Raymond James, Tesla Organizations: Barclays, Qualcomm, Bank of America, of America, Intelligence, Allstate, Nvidia, AMD, Coty, underperform Bank of America, Citi, Apple, Deutsche Bank, Disney, HC, JPMorgan, UBS, Vulcan, Guggenheim, Technologies, USM Locations: Trump, 1Q23, China, F4Q

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