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Trump defeated Democratic candidate Vice President Kamala Harris, and Republicans claimed a majority of the Senate in elections this week. "We know kind of where the world is headed in a Trump environment because we've seen it before," said Jeffrey Solomon, president of TD Cowen, on CNBC's "Money Movers" Wednesday. One M&A advisor, who also spoke to CNBC anonymously, noted that Trump's disdain for Big Tech companies — historically active deal-makers — might keep them on the sidelines. Apparent GOP opposition to the CHIPS Act means that semiconductor consolidation might be challenging, the advisor noted, while cautioning it is still too early to know what a Trump presidency would mean. That advisor noted that smaller banks had been getting gobbled up for "some time," but that the pace and size of those acquisitions would likely ramp up under a Trump presidency.

Persons: Donald Trum, Ronda Churchill, Donald Trump, Kamala Harris, Jeffrey Solomon, TD Cowen, Solomon, Trump, Lina Khan, Khan, Howard Gutman, Jonathan Miller, —, Jared Holz, Mizuho, Sen, Elizabeth Warren, David Zaslav, David Grogan Organizations: Republican, Nevada GOP, Afp, Getty, Trump, Democratic, Republicans, Biden administration's Department of Justice, Federal Trade Commission, CNBC, Dow Jones, MorganFranklin Consulting, Big Tech, Qualcomm, Intel, Integrated Media, Pharmaceutical, Biotech, Illumina, FTC, Maze Therapeutics, Sanofi, Senate, DOJ, Allen & Company Sun Valley Conference Locations: Florida, Nevada, Las Vegas , Nevada, Ronda, Trump, Sun Valley , Idaho

Ukrainian soldiers told BI of their hopes, fears, and uncertainty over what Trump's victory means. Trump's election win could have a huge impact on the war in Ukraine. AdvertisementUkrainian soldiers holding back Russia's invasion woke up to an uncertain future after Donald Trump's presidential election victory on Wednesday. Olga Bigar, a Ukrainian officer, also had some optimism about Trump: "I really like his determination and steadfastness in making decisions," she told BI. AdvertisementA US veteran fighting in Ukraine, who goes by the call sign Jackie, told BI that helping Ukraine continues to be in the US' best interest.

Persons: —, Donald Trump's, Vladimir Putin, Trump, Oleh, Dan Rice, Donald Trump, Jabin, Rice, Holubenko, Putin, Kim Jong Un, Kim, JD Vance, Diego Herrera Carcedo, Vitaliy, Joe Biden's, Oleksandr Pleskov, Kamala Harris, Pleskov, Olga Bigar, Bigar, Volodymyr Zelenskyy, Bogdan Zelenyi, Jackie Organizations: Service, Wednesday, Ukraine, Trump, Ukraine's Territorial Defense Forces, US, Washington, American University Kyiv, Republicans, Congress, Anadolu Agency, Getty Images Trump, Bradley, Getty, Former US Army, Kyiv Independent, Putin Locations: Ukraine, Russia, Kyiv, West Palm Beach , Florida, Europe, Ukrainian, UN

☆ Wall Street's most famous floor trader recounts election euphoria at the NYSE and explains how to trade an incredibly bullish fourth quarter
▼ + stars: | 2024-11-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Upcoming Fed rate cut and holiday season may sustain market momentum, Tuchman predicts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Markets reacted strongly to former President Donald Trump's victory over Vice President Kamala Harris in Tuesday's election. He then realized that the strong trend could be held up by more than just election results.

Persons: Tuchman, —, Peter Tuchman, who's, Donald Trump's, Kamala Harris, Dow Jones, you've, Tuchman didn't, that's, there's Organizations: Dow, Service, New York Stock Exchange, Markets, AMD, Nvidia Locations: Tuesday's, Santa Claus

☆ Japan's Nikkei set to retake 40,000 mark after Trump election victory; Hong Kong poised to slip
▼ + stars: | 2024-11-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The font entrance of the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Monday, Aug. 5, 2024. Asia-Pacific markets are set to mostly climb on Thursday, after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Stocks surged in the U.S. after Trump's win, and the same phenomenon is set to repeat itself in Asia. Japan's Nikkei 225 is set to retake the 40,000 mark for the first time in about a month.

Persons: Donald Trump, Kamala Harris, Stocks Organizations: Tokyo Stock Exchange, White, NBC News, Trump, Electoral, Japan's Nikkei, Nikkei Locations: Tokyo, Japan, Asia, Pacific, Pennsylvania, North Carolina, Georgia, U.S, Chicago, Osaka

☆ A feminist movement that advocates abstaining from sex with men is trending in the US after Trump's win
▼ + stars: | 2024-11-07 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Google searches for "4B movement" rose on Wednesday, as President-elect Donald Trump won the 2024 election. The South Korean feminist movement is about abstaining from sex and marriage with men. In South Korea, 4B is a response to gender-based issues like intimate-partner violence and pay gaps. Creators — mainly young women — post about abstaining from sex with men, with some saying they feel undervalued by men. His super PAC ads targeted young men, he appeared on Joe Rogan's podcast, and "Macho Man" was played at his rallies.

Persons: Donald Trump, —, Kamala Harris, Roe, Wade, Trump, that's, Tarana Burke, Biyeonae, Bisekseu, Yoon Suk Yeol, Joe Rogan's, Harris Organizations: Service, America, South, Trump Locations: Korean, South Korea, korea, Hollywood, South, Korea, American

☆ Cybertruck reviewer says a sponsor didn't want to be featured in his video with the vehicle
▼ + stars: | 2024-11-07 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Nelson said a sponsor declined to be in the video review because of the Cybertruck. Nelson told BI that the brand said it had previously had negative experiences related to being associated with Cybertruck content. Nelson told BI that he owns every other Tesla model and had never received negative reactions toward the non-Cybertruck vehicles. Other Cybertruck drivers previously told BI they experienced similarly negative interactions while driving the vehicle, including getting flipped off. Nelson told BI the "the polarization factor is a really big deal, but it's not like the whole deal."

Persons: YouTuber Zack Nelson, Nelson, Elon Musk's, —, Zack Nelson, Elon Musk, impregnate Taylor Swift, Kamala Harris, Zack Nelson's Cybertruck, It's, he's Organizations: Service, Tech, Business, YouTube, Silverado, Auto, Cox Locations: Utah

☆ 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

☆ America now looks to the Fed for clues on future rate cuts
▼ + stars: | 2024-11-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

The move comes as inflation remains on a downward trend while the job market continues to lose momentum. While that has helped rein in price pressures, it also puts the job market in jeopardy. So I’m going to be patient.”Still, rate cuts are expected to stretch through 2025, even during a Trump presidency, according to economists. On one hand, there’s evidence that America’s job market has continued to lose momentum in recent months. But since Trump’s economic vision could eventually stoke inflation, that could mean the Fed delivers fewer rate cuts in the coming years.

Persons: Jerome Powell, Donald Trump, Powell, “ I’m, Raphael Bostic, ”, Kamala Harris, Felipe Villarroel, —, Trump, hasn’t, Arthur Burns, Richard Nixon, Ben Bernanke Organizations: Washington CNN, Federal, President, White, Atlanta Fed, Trump, TwentyFour Asset Management, Fed, CNN, White House, Capitol Locations: Jackson , Mississippi

As well as drastically increasing the number of strikes, Russia has begun to fire decoy drones without warheads to overwhelm Ukraine’s air defenses. These cheaper drones confuse Ukraine’s air defenses, which may shoot down decoy drones instead of ones carrying a lethal warhead. Decoy drones now account for as many as half of all Russian drones fired at Ukraine, Ihnat said. In the capital, there has only been one night without a drone attack since September 1. I just hide, wait and hope that I will survive.”A car and house burn after they were damaged from a Russian drone strike in Kyiv on Thursday.

Persons: Volodomyr Zelensky, Yuriy Ihnat, Ihnat, Donald Trump’s, “, Vadym, Valentyn Ogirenko, Serhiy Popko, ” Popko, Zelensky, ”, Kamala Harris, Trump, ” Zelensky, Vladimir Putin Organizations: Ukraine CNN —, CNN, Reuters, Republican, Russia, North Korean, Ukraine Locations: Kyiv, Ukraine, Ukraine CNN — Russia, Moscow, Russia, Iran, Russian, “, United States, Russia’s Kursk, Ukraine’s, Pyongyang

☆ Harris couldn't escape Biden's unpopularity
▼ + stars: | 2024-11-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Kamala Harris' advisors said she struggled to dig herself out of a hole. Related Video Can Kamala Harris win over Democrats after Joe Biden drops out of 2024 presidential election? Throughout the 2024 race, Trump posted some of his highest approval numbers since he launched his first presidential run in 2015. AdvertisementEvan Roth Smith, the lead pollster at BluePrint, said there's no doubt that Biden's unpopularity impacted Harris. The Trump campaign didn't forget."

Persons: Kamala Harris, Joe Biden, Harris, —, Doug Sosnik, Bill Clinton, Biden, Trump, Obama, David Plouffe, Harris's, Kamala, AWwpZQHhVo — Alex Thompson, Evan Roth Smith, Kamala Harris's, Roth Smith, would've, Rishi Sunak, George H.W, Bush, Ryan Ryan Williams, Mitt Romney's Organizations: Service, Democratic, CNN, Biden, British, Conservative Party, Democratic Party, New, Trump, GOP, Voters Locations: United States, South Korea, Germany, Iowa, New Hampshire

☆ Trump announces campaign manager Susie Wiles as White House chief of staff
▼ + stars: | 2024-11-07 | by ( Steve Contorno | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump announced on Thursday that his campaign manager, Susie Wiles, will be named his White House chief of staff. “Susie Wiles just helped me achieve one of the greatest political victories in American history, and was an integral part of both my 2016 and 2020 successful campaigns,” the president-elect said in a statement. It is a well deserved honor to have Susie as the first-ever female Chief of Staff in United States history. “Susie Wiles ran Trump’s best campaign of the three, and it wasn’t particularly close,” Turning Point USA CEO Charlie Kirk wrote on X. The president, and America, would be well served with Susie in that key role.”CNN’s Kaitlan Collins and Kevin Liptak contributed to this report.

Persons: Donald Trump, Susie Wiles, “ Susie Wiles, Susie, ” Trump, Wiles, Trump, Laura Loomer, Brooke Rollins, Rollins, —, Kamala Harris, Pat Summerall, Chris LaCivita, Trump’s, Charlie Kirk, doesn’t, ” CNN’s Kaitlan Collins, Kevin Liptak Organizations: CNN, White, Staff, United, Policy, Pentagon, NFL, Trump, Palm Beach Convention Locations: United States, Trump, Florida, Palm Beach, America

☆ Playing some oil and gas stocks that could get a Trump boost using options
▼ + stars: | 2024-11-07 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Traditionally Republicans have been more significant friends of the oil and gas industry. Increasing domestic oil production would theoretically achieve several goals for the new administration: increase domestic economic activity and employment, increase domestic energy security, and lower oil and gas prices. Interestingly, oil and gas production in the United States right now, the world's largest producer, has never been higher, and oil and gas prices, while well above pre-COVID levels, have stabilized. The incoming Trump administration will likely reduce federal regulations on drilling, pipeline development, and environmental protections that limit the expansion of oil and gas projects. This infrastructure investment benefits the oil services industry by enabling more accessible transport and new development projects, which Biden canceled.

Persons: Trump, Kamala Harris's, Biden, YTD We'll Organizations: Republicans, Trump, Keystone XL, Dakota, Schlumberger, Schlumberger Ltd, HAL, CNBC, NBC UNIVERSAL Locations: Pennsylvania, United States, North, Halliburton, North America

☆ Trump has long threatened the media. Press freedom groups fear he might make good on it
▼ + stars: | 2024-11-07 | by ( Liam Reilly | ) edition.cnn.com time to read: +7 min

New York CNN —Press freedom groups sounded the alarm Wednesday on the potential dangers facing journalists under a second Trump administration, denouncing threats from the president-elect and his associates to undermine the news media. “On the campaign trail and during his previous administration, President-elect Donald Trump has frequently deployed violent language and threats against the media. His election to a second term in office marks a dangerous moment for American journalism and global press freedom,” Reporters Without Borders said. In the run-up to Election Day, Trump repeatedly threatened the Fourth Estate, often employing extreme and authoritarian rhetoric. In the wake of Tuesday’s election, press freedom advocates remain concerned about the longer-term implications of legal threats that journalists could face.

Persons: Trump, Donald Trump’s, “, Donald Trump, Kamala Harris, ” Clayton Weimers, Time Warner, ”, Katherine Jacobsen, “ Trump, ” Trevor Timm, Biden, it’s, We’ve, ” Jacobsen, Puck, —, ” Kyle Paoletta, Vladimir Putin, Kim Jong Un, Recep Tayyip Erdogan, Xi Jinping, Hungary’s, Viktor Orbán, ” CPJ, Kash Patel, ” “, Joe Biden, — we’re, Steve Bannon, Trump’s, . Sulzberger Organizations: New, New York CNN — Press, Protect Journalists, Press Foundation, American Sunlight, Borders, CBS, Trump, Justice Department, Time, CNN, White, Protect Journalists US, “ Lawmakers, Politico, Axios, “, Columbia, National Security Council, The New York Times Locations: New York, Pennsylvania, Canada, Caribbean, United States, strongmen, North Korean, Turkish

☆ Tariff-exposed stocks bounce back — plus, 2 names Jim Cramer would buy here
▼ + stars: | 2024-11-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. One stock we did buy a day ago was BlackRock , and Jim said Thursday the asset manager is still an attractive stock to buy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump's, Kamala Harris, Trump, White, Jim, It's, Stanley Black, Decker, Stocks, Ralph Lauren, Lyft, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Federal Reserve, European Central Bank, Corona, Constellation Brands, BlackRock, Meta, Arm Holdings, Qualcomm, Warner Bros . Locations: U.S, Europe, BlackRock

☆ Trump Media shares dive, giving up Election Day gain
▼ + stars: | 2024-11-07 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Shares of Trump Media & Technology Group , President-elect Donald Trump's media company, plunged in premarket trading Thursday, giving back the rally in the previous session triggered by his election victory. Trump Media, which is the operator of Truth Social, was viewed as a proxy for Trump's election odds in the past few months. The stock had shot up as much as 60% early Wednesday as Trump was projected to defeat Vice President Kamala Harris. The media company, majority owned by Trump, went public in March via a blank-check merger and now trades under ticker DJT — Trump's initials. Trump Media released a surprise earnings statement after the bell Tuesday that showed the company lost $19.2 million in the third quarter.

Persons: Donald Trump, Elon Musk, Donald Trump's, Trump, Kamala Harris Organizations: Republican, White House, Trump Media & Technology Group, Trump Media, Trump, Investors Locations: Mar, Palm Beach , Florida, U.S, United States

☆ The world’s 10 richest people got a record $64 billion richer from Trump’s reelection
▼ + stars: | 2024-11-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index. The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters, whose wealth jumped $26.5 billion to $290 billion Wednesday, according to Bloomberg. Truth Social owner Trump Media & Technology Group, Trump’s social media company, also cashed in with shares skyrocketing in value after CNN and other media outlets projected Trump won. Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money. The president-elect’s 114.75 million shares were worth about $5.3 billion briefly based on those early gains, up from $3.9 billion when trading ended on Election Day.

Persons: Donald Trump, Elon Musk, Jeff Bezos, Kamala Harris, Larry Ellison, Trump, Bill Gates, Steve Ballmer, Larry Page, Sergey Brin, Warren Buffett, ”, Michael Block Organizations: New, New York CNN, Wednesday, Bloomberg, Amazon, Oracle, Microsoft, Berkshire Hathaway, Democratic, Social, Trump Media & Technology Group, CNN, Trump Locations: New York, Washington

☆ Capital gains tax hikes 'entirely off the table' under President-elect Trump, Republican Congress, economist says
▼ + stars: | 2024-11-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Long-term capital gains rates apply to assets owned for more than one year. Higher capital gains tax rates, however, are "entirely off the table," under a Trump presidency and Republican-controlled Congress, said Erica York, senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy. Even with partial Republican control, "it's most likely that capital gains tax policy just stays put where it is," York explained. For 2024, investors pay long-term capital gains rates of 0%, 15% or 20%, depending on taxable income. Combined with long-term capital gains taxes, higher earners currently pay up to 23.8% on investments.

Persons: Donald Trump, Jim Watson, Donald Trump's, Kamala Harris, Harris, Joe Biden's, Erica York, York, Howard Gleckman Organizations: U.S, Republican, Afp, Getty, Trump, Tax, Center, Federal Tax Policy, Republicans, Representatives, White, Urban, Brookings Tax Locations: Palm Beach

☆ Americans are flocking to expat websites after the election: 'They want out, fast'
▼ + stars: | 2024-11-07 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Tens of thousands of Americans are looking into moving abroad after Donald Trump's presidential reelection. In the hours following the presidential race being called for the Republican nominee, nearly 30,000 people and counting visited the website for Expatsi, a travel company that offers scouting trips to help Americans move abroad. 'The exit is real'LaVerne Collins, 65, was visiting Portugal on a scouting trip with Expatsi when she learned of the presidential election results. "As an African American woman, my concerns about government stability and safety is heightened," she tells CNBC Make It. "I recognized that depending on how this election would go, things could become even more unstable."

Persons: Donald Trump's, We're, Jen Barnett, We've, LaVerne Collins, Kamala Harris, Collins, Trump, she's Organizations: Republican, Expatsi, CNBC Locations: Portugal, Greensboro , North Carolina, Costa Rica, African 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

☆ CNBC Daily Open: The Trump rally begins
▼ + stars: | 2024-11-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, solar stocks tanked on fears that Trump would slash tax credits for solar energy. The Trump rally, in short, has begun. To be sure, yesterday's frenzy could have been a relief rally as much as a Trump rally. For now, however, the Trump rally is lighting up the markets.

Persons: Donald Trum, Russell, Trump's, Trump, Elon Musk, Donald Trump, Kamala Harris, Donald Trump's, Marc Pinto, Janus Henderson, Tesla, Edward Jones, Angelo Kourkafas, Yung, Yu Ma, Jesse Pound, Scott Schnipper, Alex Harring, Yun Li Organizations: Republican, Nevada GOP, CNBC, Democratic, NBC News, U.S, Janus, Janus Henderson Investors, Trump, Bank, General Motors, Ford, EV, Dow Jones, Nasdaq, BMO Wealth Management Locations: Florida, Nevada, Las Vegas , Nevada, U.S, United States

☆ China congratulates Trump, says it respects America's choice
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +1 min

President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. China expressed respect for the U.S. election result and congratulated Donald Trump on his victory, and an official newspaper called for a "pragmatic" approach to bilateral differences as U.S. tariff threats loomed. Trump, a Republican who has promised to implement stiff tariffs, recaptured the White House with a sweeping victory over Democrat Kamala Harris in Tuesday's election. "We respect the choice of the American people and congratulate Mr. Trump on his election as president," a Chinese foreign ministry spokesperson said in a statement late on Wednesday. China-U.S. relations have been fraught for years, notably around trade and security including Taiwan and the South China Sea.

Persons: Donald Trump, Xi Jinping, Kamala Harris, Mr, Trump Organizations: U.S, Trump, Republican Locations: Osaka, Japan, China, Tuesday's, U.S, Taiwan, South China

☆ A top mind at JPMorgan Asset Management warns of clear economic red flag after Trump's big win, despite soaring US stocks
▼ + stars: | 2024-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.

Persons: Stocks, Donald Trump, David Kelly, Wall, he's, —, Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's

☆ Photos this week: October 31-November 7, 2024
▼ + stars: | 2024-11-07 | by ( Kyle Almond | ) edition.cnn.com time to read: +1 min

Four years after losing the presidency, Donald Trump won it back in Tuesday’s election. The Republican nominee, who served from 2017-2021, defeated Vice President Kamala Harris to complete a historic political comeback. “I want to thank the American people for the extraordinary honor of being elected your 47th president and your 45th president,” Trump said at an election-night event in West Palm Beach, Florida. Harris, the nation’s first female vice president, was hoping to shatter a nearly 250-year-old glass ceiling to become the nation’s first female president. “But hear me when I say: The light of America’s promise will always burn bright.”Here are some of the stories that made headlines over the past week, as well as some photos that caught our eye.

Persons: Donald Trump, Kamala Harris, ” Trump, ”, Trump, Harris, Joe Biden’s Organizations: Republican, Democratic Locations: Tuesday’s, West Palm Beach , Florida, America, Butler , Pennsylvania, Lebanon

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

☆ 2 crypto tycoons are almost $15 billion richer after Trump's election victory
▼ + stars: | 2024-11-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Two crypto moguls' joint wealth rose by about $15 billion on the back of Trump's election victory. Binance's Chaopeng Zhao and Coinbase CEO Brian Armstrong added about $12 billion and $2.6 billion each. AdvertisementTwo cryptocurrency tycoons saw a near-$15 billion boost to their combined wealth on Wednesday as Donald Trump won the presidential election. One result was the world's 12 richest people grew more than $70 billion richer in a single day, per Bloomberg's wealth rankings. Exclude him and his 11 peers have grown a combined $505 billion richer this year — a figure that exceeds the market value of Oracle ($502 billion).

Persons: Binance's Chaopeng Zhao, Brian Armstrong, —, Donald Trump, Changpeng Zhao, Zhao, Elon, Binance, Elon Musk, Anthony Harvey, Kamala Harris, Musk, Larry Ellison, Berkshire Hathaway's Warren Buffett, Jeff Bezos, Bernard Arnault Organizations: Service, Bloomberg, Trump, Ethereum, Republican, Democratic, Oracle Locations: Solana, Berkshire

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