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☆ America’s economy explains a lot about why Trump got reelected
▼ + stars: | 2024-11-06 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

That explains a lot about why Trump was reelected. Why the US economy stings so muchHousing: America’s home prices have reached new record highs for 15 straight months. No, really, the US economy is greatStill, Trump will be inheriting a strong economy — on paper, anyway. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. Consumer spending, which accounts for more than two-thirds of America’s economy, is surging, rising 3.7% last quarter, the highest rate of growth since the first quarter of 2023, according to the BEA.

Persons: Donald Trump’s, Trump, Joe Biden, Kamala Harris, they’re, Biden, Covid, That’s, Trump’s Organizations: CNN, Republican, US Department of Housing, Urban Development, Bank of America, Brookings Institution, White, Democratic, Democrat, Companies, Bureau of Labor Statistics, Gross, Economic, International Monetary Fund, Labor, BEA Locations: America

Mr. Trump is widely regarded around the world as a transactional leader. Chinese officials do see a potential upside if Mr. Trump pulls the United States back from its role as a global leader. But the Kremlin seems skeptical that Mr. Trump would actually push for such a deal, especially because of his track record: There was jubilation in Moscow when Mr. Trump won in 2016, but over the next four years, U.S. sanctions against Russia only increased, and Mr. Trump sent antitank weapons to Ukraine. On Wednesday, he quickly made clear that he would seek to have Mr. Trump on his side, as one of the first world leaders to congratulate Mr. Trump in a post on X. Mr. Trump has been effective in demanding more military spending from fellow NATO members, said Mr. Heisbourg.

Persons: David Pierson, Trump, Donald Trump’s, India Mujib Mashal, Narendra Modi, Trump’s, Africa Abdi Latif Dahir, —, Gaza Patrick Kingsley, Benjamin Netanyahu, Benjamin Netanyahu’s, Mr, Netanyahu, “, ”, Basem Naim, ” Read, Mexico Natalie Kitroeff, Claudia Sheinbaum, Read, Ukraine Anton Troianovski, J.D, Vance, Volodymyr Zelensky, Donald J, Somini Sengupta, NATO Steven Erlanger, Georgina Wright, Vladimir V, Putin, François Heisbourg, Heisbourg Organizations: The Times, Global, Trump, West Bank, Second Trump, NATO, Mr, Russia, Signals, U.S, Biden, International Studies, Institut Montaigne, Republican Locations: China, Beijing, United States, Taiwan, India, Asia, Africa, U.S, Russia, Niger, Chad, Israel, Gaza, Jerusalem, Iran, Mexico, Mexico City, Stake, Ukraine, Moscow, Kyiv, Paris, Europe, “, French

☆ Trump will win second term, CNN projects, in historic comeback after losing four years ago
▼ + stars: | 2024-11-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +27 min

Trump’s supporters see him as a unique figure whose blunt, sometimes vulgar and often racially suggestive rhetoric reveals him as a scourge of political correctness. Austin Steele/CNN Trump supporters hold up posters that read "47" as they attend an election watch party in Chandler, Arizona. Go Nakamura/Reuters Trump supporters cheer at his election night watch party in West Palm Beach. George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Patrick T. Fallon/AFP via Getty Images Trump and his wife, Melania, walk up to the press after voting in Palm Beach, Florida, on Tuesday.

Persons: Donald Trump, Trump, ”, Kamala Harris, Joe Biden’s, Trump’s, he’s, Harris, Jack Smith, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Austin Steele, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Joe Biden, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Hillary Clinton, –, Smith, Mostafa Bassim, Vladimir Putin, Trumpism, Mike Pence, Sen, Stephen Maturen, Grover Cleveland Organizations: CNN, Washington, Trump, GOP, Republican Party, Capitol, ” Overseas, Howard University, CNN Trump, Reuters Trump, West Palm Beach, Republican, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Voters, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist, Secret Service, Republicans, Justice Department, White, Police, Anadolu Agency, NATO, Hezbollah, House, Herb Brooks National Hockey Center Locations: Lago, America, Wisconsin, Georgia, Pennsylvania, North Carolina, ”, West Palm Beach , Florida, Las Vegas, Washington , DC, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, New York, Reno , Nevada, St . Petersburg , Florida, Philadelphia, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis, United States, Manhattan, Butler , Pennsylvania, Ohio, Washington, Florida, British, Ukraine, Europe, Taiwan, Israel, Gaza, Lebanon, Iran, Afghanistan, St Cloud , Minnesota

☆ Gloom, nervousness and joy: What Trump’s victory means for key world regions
▼ + stars: | 2024-11-06 | by ( Cnn Staff | ) edition.cnn.com time to read: +23 min

He also believes Russia is also betting on “US turmoil” under Trump, hoping internal divisions will “distract” Trump from foreign policy. Zelensky, like the others playing to Trump’s vanity through praise, said: “I appreciate President Trump’s commitment to the ‘peace through strength’ approach in global affairs. Those are the central questions now facing Seoul, as Trump has openly considered downsizing the approximately 28,500 US troops stationed in South Korea. Seoul currently pays $1.13 billion annually for American military forces within its territory, a figure which under an agreement signed Monday is expected to rise to $1.26 billion annually in 2026. A screens shows live footage of Donald Trump speaking during a news program in Seoul, South Korea, on November 6, 2024.

Persons: Donald Trump, Trump, CNN’s Clare Sebastian, Vladimir Putin, Hillary Clinton, Clinton, Putin wryly, Joe Biden, Vance’s, Pavel Bednyakov, AP “ Trump, ”, Dmitry Medvedev, Margarita Simonyan, “ Trump, Dmitry Peskov, “, ” Boris Bondarev, ” Trump, Matthew Chance, Benjamin Netanyahu, ” Netanyahu, Biden, –, Kamala Harris –, Trump’s, Amir Levy, trepidation, America’s, Nic Robertson, Annalena Baerbock, Baerbock, Remko de, Mark Rutte, Jens Stoltenberg’s, Stoltenberg, Putin, ” Baerbock, Steven Jiang, Xi Jinping didn’t, Xi, Washington’s, Florence Lo, Harris, Will Ripley, Lai Ching, Vance, Lai, Taiwan’s, Kamala Harris, Chiang Ying, Mike Valerio, they’d, They’d, Camp Humphreys, Lee Jin, Will Trump, Kim Jong, Robert C, Kim, Larry Madowo, Ghana Trump, Uhuru Kenyatta, Akinwumi Adesina, Osinbajo, Hailemariam Desalegn, Jonathan Ernst, George W, Bush, It’s, Stefano Pozzebon, Javier Milei, El, Nayib Bukele, Bolsonaro, Gustavo Petro, Mexico’s Claudia Sheinbaum, Sheinbaum, Del Cueto, Rebecca Noble Organizations: CNN, United, Democratic National Committee, Trump, International Media, AP, RT, Kremlin, White, Israel, White House, America, Iranian, German, NATO, European Union, Getty, Dutch, Democratic, Reuters, South China, Taiwan : Defense, Party, Taiwan, Taiwan Relations, Washington, Congress, Kuomintang, KMT, Economic, of Chicago, Bloomberg News, Army, South, North, Korean, Kenyan, Guinea Alpha Conde, Trump , African Development Bank, Ethiopian, Republican, AIDS Relief, Biden, Conservative, Progressives, US, Mexico “, Border Patrol Council Locations: Russia, East, Europe, China, Taiwan, Korean, Africa, Ukraine, CNN’s, London, Moscow, Russian, Kyiv, American, ”, Jerusalem, Israel, America, Gaza, Lebanon, Iran, Tehran, Hamas, Germany, Soviet, United States, United Kingdom, The Hague, Netherlands, Remko de Waal, Trump, Beijing, –, Shanghai, South, Taipei, Asia, Seoul, South Korea, Korea, North Korea, Japan, Tokyo, Washington, Pyongyang, Accra, Ghana, Tanzania, Zambia, Guinea, Trump ,, Nigeria, AFP, Angola, Bogotá, Colombia, Mexico, Venezuela, Nicaragua

☆ Volatility, higher rates, and surging bitcoin. Here's what analysts are saying about Trump's victory.
▼ + stars: | 2024-11-06 | by ( Will Martin | ) www.businessinsider.com time to read: +3 min

Analysts expect Trump's economic policies to increase inflation, and push interest rates higher. AdvertisementDonald Trump's victory is set to herald a new era of higher inflation, tighter monetary policy, and surging cryptocurrencies, analysts said in initial reactions to the presidential election result. The economic impact of Trump's second term is likely to be volatile, said Lindsay James, investment strategist at UK-based Quilter Investments. However, such cuts could be shortlived if Trump's trade policies, which include proposed near-universal tariffs, prove to be inflationary as expected. Bitcoin could hit $100,000One asset that analysts expect to surge in the wake of Trump's victory is bitcoin, which rallied sharply early on Wednesday morning.

Persons: Donald Trump, —, Donald Trump's, Lindsay James, Elon Musk, Thomas Matthews, Trump, Russ Mould, AJ Bell Organizations: Service, Investments, Federal Reserve, Capital Economics, Rabobank, White

☆ 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

Abu Dhabi and Jerusalem CNN —If his first term in the White House is any indication, President-elect Donald Trump is likely to keep the Middle East high on his agenda. But the Middle East has changed significantly since he left office in 2021, and all regional actors are keenly watching how the new president will navigate these shifts. Here’s how Trump’s election could affect key players in the Middle East:Israel and the PalestiniansEnding the wars in Gaza and Lebanon and integrating Israel in the Middle East are likely to be at the top of the president-elect’s Middle East agenda, analysts said. “When the war will be over, you’ll need a real restart in the Middle East,” and Trump will be the best person to bring about a “new Middle East,” Bismuth added. Nadav Shtrauchler, a political strategist who has worked closely with Netanyahu, said Trump’s election sends a message to Israel’s enemies in Iran.

Persons: Jerusalem CNN —, Donald Trump, Trump, Benjamin Netanyahu, Saudi Arabia’s King Salman bin Abdulaziz Al Saud, Prince Mohammed bin Salman, Fatemeh Mohajerani, “ Netanyahu, ”, Mustafa Barghouti, Alon Pinkas, “, ” Pinkas, Joe Biden’s, Pinkas, ” Trump, Evan Vucci, Netanyahu, haven’t, Biden, Boaz, Trump’s, Nadav, Yoav Gallant, Harris, ” Shtrauchler, Qasem Soleimani, Ali Vaez, Ayatollah Ali Khamenei, Atta Kenare, – Israel, …, ” Vaez, –, “ Trump, Vaez, Jamal Khashoggi, Hasan Alhasan, Saudi Arabia's Crown Prince Mohammed bin Salman, Mandel Ngan, ” Alhasan, “ They’re, CNN’s Dana Karni, Irene Nasser, Eyad Kourdi Organizations: Jerusalem CNN, Jewish, White House, America, Saudi, United Arab, Trump, Palestinian National Initiative, CNN, West Bank, Palm Beach Convention, Israel, Likud, Abraham Accords, Islamic, Iran Project, Crisis, Biden, Getty, US, Washington Post, Middle, International Institute for Strategic Studies, Saudi Arabia's Crown, White, Shanghai Cooperation Organization, SCO, –, Hamas Locations: Abu Dhabi, Jerusalem, Saudi, Iran, Israel, America, United Arab Emirates, UAE, East, Gaza, Lebanon, Israeli, Palm Beach, Florida, Syria, Tehran, Republic, United States, AFP, Saudi Arabia, Arab, Riyadh, Bahrain, Yemen, China, Washington, Beijing, decouple, Qatar

George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Eva Marie Uzcategui/Bloomberg/Getty Images Election workers process mail-in ballots in West Chester, Pennsylvania, on Tuesday. Trump and Harris tied with three votes each in the tiny New Hampshire township, kicking off Election Day. Joseph Prezioso/AFP/Getty Images Election workers prepare ballots in Denver on Monday, November 4. RJ Sangosti/The Denver Post/Getty Images A patron eats inside a restaurant near the White House that had plywood covering its windows on the eve of Election Day. David Dee Delgado/AFP/Getty Images Election workers sort ballots during early voting in San Francisco on Thursday.

Persons: Donald Trump, Trump, Kamala Harris, Joe Biden, he’d, George W, Bush, Harris, Hillary Clinton, Austin Steele, Roe, Wade, Biden, It’s, West Virginia Sen, Joe Manchin’s, Jim Justice’s, Montana Sen, Jon Tester, Tim Sheehy, Ohio Sen, Sherrod Brown, Bernie Moreno, Sue Ogrocki, Colin Allred, Texas Sen, Ted Cruz, Debbie Mucarsel, Powell, Sen, Rick Scott, Mitch McConnell, John Cornyn, South Dakota Sen, John Thune, Democrats didn’t, Hakeem Jeffries, hamstrung, they’re, Harris underperformed Biden, –, ”, Jen O’Malley Dillon, David Axelrod, Puerto Rico, Chip Somodevilla, Ron DeSantis romped, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Republicans —, Texas — Organizations: CNN, White, Republican Senate, Democrats, Biden, Sun, Republican, Trump, Howard University, Democratic, Republicans, GOP, Navy, Bernie Moreno . Ohio Republican, AP Democrats, Senate, Rural, Penn State University, CNN –, Dorton, Voters, Republican Gov, Miami, Dade, CNN Trump, Reuters Trump, West Palm Beach, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist Locations: Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, Nevada, Michigan , Pennsylvania, Arizona , Georgia, New Mexico, Virginia, Trump, Washington , DC, West, Montana, Bernie Moreno ., Westlake , Ohio, Kentucky, Texas, South Dakota, Washington, New York, California, America, Pennsylvania’s Huntingdon, Montgomery County, Philadelphia, Harris, Oakland County, Trump’s, Raleigh , North Carolina, United States, Florida, Ohio, Dade County, West Palm Beach , Florida, Las Vegas, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, Reno , Nevada, St . Petersburg , Florida, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis

☆ Elon Musk bet big on Trump. Here’s what he stands to gain — and lose — from his win
▼ + stars: | 2024-11-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according to Federal Election Commission filings. Elon Musk steps onto stage as Republican presidential nominee, former President Donald Trump addresses a campaign rally in Butler, Pennsylvania on October 5. It will only help Tesla,” Musk posted on X in July. It’s not likely Trump would want to cut that support, and the promise of jobs in those states, even if they will eventually provide competition for Musk and Tesla.

Persons: Donald Trump’s, Elon, Trump, Musk, He’s, ”, Daniel Ives, Tesla, Kamala Harris, “, Biden, Elon Musk, Donald Trump, Anna Moneymaker, he’s, ” Musk, Ives, ” Ives, It’s, Jim Farley, Jeff Schuster, we’re, Jade Gao Organizations: New, New York CNN, Trump, Wedbush Securities, SpaceX, —, Treasury Department, Republican, EV, Tesla, EPA, Industry, Getty, Boeing, NASA, International Space Locations: New York, Tuesday’s, America, United States, Butler , Pennsylvania, Trump’s, Europe, Asia, California, China, Shanghai, Beijing, AFP, Tesla

Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.

Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, ”, ” Hughes, Justin Merriman, ” Trump, “, walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars

☆ World's first wooden satellite, developed in Japan, heads to space
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KYOTO, Japan — The world’s first wooden satellite, built by Japanese researchers, was launched into space Tuesday in an early test of using timber in lunar and Mars exploration. Scientists at Kyoto University show LignoSat, the first satellite made from wood, in May. STR / Jiji Press / AFP - Getty Images file“Early 1900s airplanes were made of wood,” said Kyoto University forest science professor Koji Murata. “A wooden satellite should be feasible, too.”Wood is more durable in space than on Earth because there’s no water or oxygen that would rot or inflame it, Murata added. A wooden satellite also minimizes the environmental impact at the end of its life, the researchers say.

Persons: ”, Takao Doi, Doi’s, Koji Murata, ” Wood, Murata, Doi, ” Doi, LignoSat, Kenji Kariya Organizations: Kyoto University, homebuilder Sumitomo Forestry, International, SpaceX, Space Shuttle, NASA, LignoSat, Jiji Press, Getty, Elon, Station, Sumitomo Forestry Tsukuba Research Institute Locations: KYOTO, Japan, Kyoto

☆ North Korea fires multiple ballistic missiles toward the sea ahead of U.S. election
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

SEOUL, South Korea — North Korea on Tuesday fired multiple short-range ballistic missiles toward its eastern sea, the South Korean military said, as the country continued its weapons demonstrations hours before the U.S. presidential election. South Korea’s Joint Chiefs of Staff said the missiles flew about 250 miles but did not specify how many were fired. The launches came days after North Korean leader Kim Jong Un supervised a flight test of the country’s newest intercontinental ballistic missile designed to reach the U.S. mainland. South Korea’s military intelligence agency said last week that North Korea has also most likely completed preparations for its seventh nuclear test. Experts say North Korea has yet to acquire some critical technologies to build a functioning ICBM, such as ensuring that the warhead survives the harsh conditions of atmospheric re-entry.

Persons: Shigeru Ishiba, Kim Jong Un, Kim Yo Jong, Kim Jong, Donald Trump, Kamala Harris, Harris, Kim, Vladimir Putin’s, Matthew Miller, Moscow’s, Kim Song, Robert Wood, ” Wood, “ We’re, Anna Evstigneeva, “, ” Organizations: South Korean, U.S, Korea’s, Chiefs, Staff, North, United States, Republican, Democratic, Trump ., . State Department, Ukraine, European Union, Security, ” U.S, Korean Locations: SEOUL, South Korea, North Korea, Korea, Japan, Washington, South, U.S, Trump . ”, Russia, Ukraine, Russia’s Kursk, Ukraine’s, Seoul, United States, ”, Russian

☆ China is building new villages on its remote Himalayan border. Some appear to have crossed the line
▼ + stars: | 2024-11-05 | by ( Simone Mccarthy | Nectar Gan | ) edition.cnn.com time to read: +20 min

“Knowing India has a strong presence in Bhutan, China naturally becomes vulnerable in the bordering region,” said Rishi Gupta, assistant director at the Asia Society Policy Institute in New Delhi. “None of the roads connect into Bhutan, they start from the Chinese border and end in forest areas. ‘No intrusion’Bhutan has repeatedly denied that Chinese construction has taken place in its territory. Bhutanese Foreign Minister Tandi Dorji, left, and Chinese Foreign Minister Wang Yi meet in Beijing in October 2023. They picked up formal talks last October for the first time since the Doklam standoff, with Bhutan’s foreign minister making a rare visit to Beijing.

Persons: ”, that’s, Xi Jinping, Robert Barnett, Lotay Tshering “, SOAS ’ Barnett, Barnett, Bhutan’s, ” Barnett, Doklam, Bhutan –, Rishi Gupta, Jieluobu, Jieluobu –, Yun Sun, “, SOAS’s Barnett, –, Damien Symon, Symon, relocatees, Lotay Tshering, it’s, Karma Phuntsho, Manoj Joshi, Tandi Dorji, Wang Yi, Xi Organizations: CNN, East China Seas, Planet Labs, SOAS University of London, Tibet Autonomous, Labs, Bhutan’s Ministry of Foreign Affairs, SOAS, Gurinder, India’s Ministry, Affairs, Asia Society Policy, Beijing, Jieluobu, Stimson, Demalong ., Demalong . Tibet Federation of Industry, Commerce, Intel Lab, Chatham House, La, National, ” Observers, Observer Research, Trade, Foreign, Ministry Locations: Bhutan, China, Tibet, South, East, India, Tibet Autonomous Region, Demalong, Lhuntse, “ China, Indian, Chinese, Nathu La, Sikkim, Gurinder Osan, Delhi, Beijing, Siliguri, New Delhi, Doklam, Washington, Semalong, Luozha, WeChat, Demalong . Tibet, London, Jieluobu, Belgian, ”, Thimphu, Kula, Bhutanese

Unionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike. AdvertisementBoeing union workers approved a labor contract proposal on Monday that will increase pay by 38% over four years and end a seven-week strike. This was after Boeing union leaders endorsed the offer on Thursday. The first was when over 30,000 union workers voted to strike after being displeased with the 25% pay increase they were originally offered. The company's second offer with a 30% pay increase was withdrawn after talks broke down.

Persons: —, Jon Holden, Brandon Bryant, Boeing machinists, Brian Bryant, Kelly Ortberg, Ortberg Organizations: Bank of America, Boeing, Service, International Association of Machinists, Aerospace Workers, IAM, BI Locations: Seattle

☆ Boeing machinists' bumper pay packet is just the latest win for unionized workers
▼ + stars: | 2024-11-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Striking Boeing workers voted in favor of a 38% pay rise. The latest big victory for US labor unions could inspire others despite the tense process. AdvertisementThe machinists' victory is the latest to highlight the power of labor unions in the US. It has been a tense road for the roughly 33,000 unionized Boeing workers who began their strike on September 13. That may only grow more common as workers find inspiration from others' victories, something noted by the president of the Boeing union.

Persons: we've, Joe Biden, —, Gary R, Allen, Julie Su, Brian Bryant Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, IAM Union, IAM, Territory, machinists, Teamsters, United Auto Workers, National Labor Relations Board, US Locations: Seattle, United States

They also agreed in principle to bring new electric-vehicle battery plants into the national union contract. After negotiations broke down in early July 2023, Atlanta-based UPS reached a contract agreement with the Teamsters just days before an Aug. 1 deadline. The Culinary Workers Union announced on the social platform X that the deal came together after a year of negotiations. The lead up to the tentative agreement included a three-day strike involving 75,000 workers in multiple states. The tentative agreement also included protective terms around subcontracting and outsourcing, as well as initiatives to invest in the current workforce and address a staffing crisis.

Persons: Martin Luther King Jr, Bethany Khan, AFTRA, Longshoremen Organizations: Boeing, International Association of Machinists, Aerospace Workers, Cornell University's School of Industrial and Labor Relations, Cornell, Unions, UAW, Teamsters, Workers, United Auto Workers, Ford, General Motors, UPS, Teamsters UPS, Games, Screen, American Federation of Television, Radio Artists, Las Vegas Resorts, Culinary Workers Union, Las Vegas, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Kaiser Permanente, Health Care Worker Unions Unions, Hollywood Studios, SAG, International Longshoremen’s Association, U.S . Maritime Alliance, Associated Press Locations: Seattle, America, Atlanta, housekeepers, Kaiser, California, U.S, East

☆ World’s first wooden satellite, developed in Japan, heads to space
▼ + stars: | 2024-11-05 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Kyoyo, Japan Reuters —The world’s first wooden satellite, built by Japanese researchers, was launched into space on Tuesday, in an early test of using timber in lunar and Mars exploration. An engineering model of LignoSat, pictured at Kyoto University ahead of Tuesday's launch. “Early 1900s airplanes were made of wood,” said Kyoto University forest science professor Koji Murata. “A wooden satellite should be feasible, too.”Wood is more durable in space than on Earth because there’s no water or oxygen that would rot or inflame it, Murata added. A wooden satellite also minimizes the environmental impact at the end of its life, the researchers say.

Persons: ”, Takao Doi, Irene Wang, Doi’s, Koji Murata, ” Wood, Murata, Doi, ” Doi, LignoSat, Kenji Kariya Organizations: Japan Reuters, Kyoto University, homebuilder Sumitomo Forestry, International, SpaceX, Space Shuttle, Reuters, NASA, Elon, Space, Sumitomo Forestry Tsukuba Research Institute Locations: Kyoyo, Japan, Kyoto

☆ Planet 9: Inside the search for a hidden planet in our solar system
▼ + stars: | 2024-11-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +18 min

“It could completely reshape our understanding of the solar system and of other planetary systems, and how we fit into that context. Brown and his colleague, planetary scientist Konstantin Batygin, reported having strong evidence of a hidden planet on the fringes of our solar system. “If you look at these bodies, their lifetimes are tiny compared to the age of the solar system,” Batygin said. “By now, we expected to have found many more of these extreme trans-Neptunian objects,” Sheppard said in an email. Finding a smaller planet would also spark excitement, Rice added, because every solar system planet is immensely useful for extrapolating information about the thousands of comparable exoplanets that researchers are uncovering across the galaxy.

Persons: Mike Brown, Pluto, ”, Brown, Pluto’s, Malena Rice, ” Rice, Konstantin Batygin, Neptune, they’ve, Brown’s, “, we’re, Scott Sheppard, Chadwick Trujillo, Trujillo, ” Brown, Batygin, ” Batygin, Patryk Sofia Lykawka, ” Lykawka, Lykawka, Rice, Hur, Renu Malhotra, Malhotra, Sheppard, ” Sheppard, ” Malhotra, she’s, “ It’s, Sigurd Naess, ” Naess, Vera C, Rubin, That’s Organizations: CNN, Caltech, NASA, Johns Hopkins University Applied Physics Laboratory, Research, International Astronomical, ESA, Yale University, Getty, California Institute of Technology, Planet Nine, Carnegie Institution for Science, Northern Arizona University, Sheppard, Kindai University, Rice of Yale University, University of Arizona, Survey Telescope, Theoretical Astrophysics, University of Oslo, US National Science Foundation, Stanford University, Rubin, Rubin Observatory, Nine Locations: Pasadena , California, AFP, Washington ,, Japan, Neptune, Hawaii, Chile, Norway

☆ IMF says Asia-Pacific's economic situation is 'better than expected'
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF says Asia-Pacific's economic situation is 'better than expected'Thomas Helbling, Asia-Pacific deputy director at the International Monetary Fund, compares the region's economic outlook with the rest of the world's.

Persons: Thomas Helbling Organizations: IMF, International Monetary Fund Locations: Asia, Pacific

☆ China and Europe's EV fight just stepped up a notch
▼ + stars: | 2024-11-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

China said it plans to sue the European Union after the bloc cracked down on its EV giants. The EU imposed sweeping tariffs on Chinese EV companies, including BYD, last week. The measures have raised fears that China might retaliate by slapping its own tariffs on European automakers. The EU voted to impose sweeping tariffs on Chinese EV companies like BYD in October. Advertisement"With this in mind, the Commission takes note of the request for WTO consultations lodged by China.

Persons: —, Xpeng Organizations: European Union, EV, Service, World Trade Organisation, EU, WTO, Business, Commission, Volkswagen, BMW, Mercedes Locations: China, European, Europe, Hungary, Turkey

☆ At least 25 dead after boat ‘deliberately capsized by traffickers,’ says UN migration agency
▼ + stars: | 2024-11-04 | by ( Eve Brennan | ) edition.cnn.com time to read: +1 min

CNN —At least 25 people, including several children, died after their boat was “deliberately capsized by traffickers” near the Comoros Islands, the local office of the International Organization for Migration (IOM) said Monday. “IOM Comoros is saddened to hear about the deaths of at least 25 people after their boat was deliberately capsized by traffickers off Comoros Islands, between Anjouan and Mayotte on Friday night,” the UN body said in a press release. The boat was carrying around 30 people from different countries including seven women and four children, IOM said citing five survivors who were rescued by fishermen Saturday morning. “Thousands of people have died on this migration route in an attempt to reach the disputed island of Mayotte, (an) island of the archipelago of Comoros and a French département since 2011,” said IOM. The agency emphasized “the importance of establishing safe and legal pathways for migration” to prevent such tragedies.

Persons: ”, –, “ Organizations: CNN, International Organization for Migration, “ IOM Locations: Comoros, “, “ IOM Comoros, Anjouan, Mayotte, ”, French

☆ Boeing workers vote to accept deal, end strike
▼ + stars: | 2024-11-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. But the deal did not restore the traditional pension plan they lost in 2014 from their previous labor deal. But despite the deep financial problems, Boeing had little choice but to settle the strike and get the workers back on the job. Boeing’s economic impactDespite its problems, Boeing is still a major contributor to the US economy, as it is the largest American exporter.

Persons: Boeing’s, “ I’m, ”, Jon Holden, “, Holden, Kelly Ortberg, Workers ’, It’s, ” Holden, We’ll, they’ve, Ortberg Organizations: New, New York CNN —, Boeing, International Association of Machinists, IAM, ” Boeing, Workers, ” Companies, Research, Anderson Economic Group, Labor, Alaska Airlines Locations: New York, United States, Michigan

☆ Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
▼ + stars: | 2024-11-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.

Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast

☆ Russia hit Google with a fine so big it defies comprehension, exposing a legal system adrift
▼ + stars: | 2024-11-04 | by ( Joshua Nelken-Zitser | Kieran Corcoran | ) www.businessinsider.com time to read: +6 min

The fine points to a Russian legal system focused more on symbolic punishment than enforcement. All the same, that is what a Russian court maintains the company owes, as punishment for suspending accounts from YouTube. Related storiesLegal experts told Business Insider what it symbolizes is a Russian legal and economic system estranged from much of the world. AdvertisementRussia has effectively annulled intellectual property rights, enabling its companies to freely use patents and designs from Western companies. The scholars BI spoke to did not expect any other nation's court to try to enforce the Google fine.

Persons: —, Dmitri Peskov, Tyler Kustra, Kustra, Heineken, Christine Abely, Abely, Nathanael Tilahun, hasn't, Oleksandra, Snellman Organizations: YouTube, Google, Service, UK's University of Nottingham, Deutsche Bank, Commerzbank, New England Law, University of Essex, Bloomberg Locations: Russian, Russia, Ukraine, Dutch, Hong Kong , South Africa, Netherlands

☆ Striking Boeing machinists vote on union-backed contract proposal, this time with a warning
▼ + stars: | 2024-11-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. Boeing 's more than 32,000 striking machinists on Monday will vote for the third time on a contract proposal. The proposal includes 38% raises over four years, up from the 35% increase Boeing proposed and workers rejected late last month, extending the strike. Boeing said machinist pay will average $119,309 at the end of this contract proposal. But the union, upon unveiling the proposal last Wednesday, warned this deal might be as good as workers are going to get.

Organizations: International Association of Machinists, Aerospace Workers, Boeing, Workers Locations: Renton , Washington , U.S, Seattle

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