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☆ Trump, surrounded by pro-crypto advisors, signals a 'step change' for the industry, says Galaxy's Novogratz
▼ + stars: | 2024-11-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's the dawn of a new day for the crypto industry with Donald Trump now the president-elect of the United States, said Galaxy Digital's Michael Novogratz, calling out the numerous crypto advocates that have advised him. "We've got a Congress that is moving our way, we've got a president that's moving our way, and so for Galaxy and the crypto industry, that couldn't be more optimistic," he said on CNBC's "Squawk Box" Wednesday morning. "Those three positions, with someone who's open minded to crypto … changes everything," he said. And all of a sudden we'll start seeing decentralized systems launched and work so this is really a step change." The shift won't happen overnight, Novogratz warned, but as Trump starts to appoint people into various positions of leadership there will be "a substantial shift in the energy of this industry."

Persons: Donald Trump, Michael Novogratz, We've, we've, that's, Novogratz, Joe Biden, Trump, JD Vance, Peter Thiel, Howard Lutnick, Cantor Fitzgerald, Sen, Elizabeth Warren, Biden, Gary Gensler Organizations: Galaxy, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Street, Bank of New, Silicon, SEC Locations: United States, U.S, Bank of New York

☆ 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

While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.

Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe

☆ Trump praises Elon Musk in election-night speech: 'A star is born'
▼ + stars: | 2024-11-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Donald Trump on Wednesday called Elon Musk "a new star." Trump mentioned Musk in a speech while on the cusp of retaking the White House. AdvertisementDonald Trump on Wednesday morning praised Telsa CEO Elon Musk as the former president neared a return to the White House. "We have a new star, a star is born," Trump told boisterous supporters in West Palm Beach, Florida. Musk, the world's richest man, spent at least $130 million on helping Trump and other Republicans win.

Persons: Donald Trump, Elon, Trump, —, Telsa, Elon Musk, Musk, Kamala Harris, Sen, JD Vance, Mike Johnson, Vance Organizations: Wednesday, Service, Trump, PAC, America PAC, GOP, Capitol, White House Locations: West Palm Beach , Florida, Pennsylvania

☆ Donald Trump defeats Kamala Harris to win 2024 presidential election
▼ + stars: | 2024-11-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

watch nowRepublican presidential nominee Donald Trump will defeat his Democratic rival, Kamala Harris, and return to the White House for another four years, NBC News projects. At 78, he is the oldest person ever to win a U.S. presidential election. Trump's win denies Harris, the vice president, what would have been her own historic milestone: becoming the first woman president of the United States. Democratic presidential candidate Vice President Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on Oct. 14, 2024. It remains to be seen to what extent Trump's presidential agenda will resemble the sum of his many claims as a candidate.

Persons: Donald Trump, Kamala Harris, Joe Biden, Grover Cleveland —, Trump's, Harris, Dustin Franz, Sen, JD Vance, Ohio, Vance, Trump, Robert F, Kennedy Jr, Elon Musk, Evan Vucci, Thomas Matthew Crooks, Crooks, — Organizations: Democratic, White House, NBC, Trump, U.S, Erie Insurance, Afp, Getty, Capitol, Biden, Kyiv, Republican, Secret Service, Secret Locations: United States, Erie , Pennsylvania, Ukraine, Butler, Pa, Pennsylvania

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

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

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

☆ Here’s what Trump is proposing for the economy
▼ + stars: | 2024-11-06 | by ( Katie Lobosco | Tami Luhby | ) edition.cnn.com time to read: +10 min

This includes, among other things, an increase to the standard deduction, lower marginal income tax rates for most income brackets, and an increase to the estate tax exemption. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. However, these workers would then get smaller Social Security payments after they retire. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Trump has also floated ending the federal income tax and replacing it with revenue from tariffs.

Persons: Donald Trump, Trump, Kamala Harris, hasn’t, Ohio Sen, JD Vance, He’s, Harris, Elon Musk, John Deere, ” Vance Organizations: Washington CNN —, Security, Democratic, Social Security, Center, Social, Budget, Trump, Biden, Republican Party, ” Invest, Federal Reserve Locations: Las Vegas, Mexico, Canada, Midwest

☆ Lower taxes? Surging crypto? 3 ways a Trump presidency could affect your money
▼ + stars: | 2024-11-06 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Former President Donald Trump has won the U.S. presidential election, according to NBC News. Vance now turn toward enacting the policy agenda they proposed to voters with the help of a Congress that is likely to skew Republican. The Trump administration inherits an electorate anxious not only about the election itself but also about the candidates' potential impact on the issues that affect their personal finances. A president can't unilaterally enact a legislative agenda on Day 1, even with a supportive legislature. Nevertheless, here are three policies Trump has put forward that could affect your money if they become a reality.

Persons: Donald Trump, J.D, Vance, Trump Organizations: U.S, NBC News, Trump

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

☆ Where Harris’ campaign went wrong
▼ + stars: | 2024-11-06 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

It was a moment that encapsulated one of the biggest challenges facing her campaign – which, in the end, proved insurmountable. CNN spoke with over a dozen senior Harris campaign aides both in the Wilmington, Delaware, campaign headquarters and on the ground in the states, as well as multiple volunteers and local elected officials, over the course of the final weeks of the race. Vice President Kamala Harris makes her way to board Air Force Two before departing Dane County Regional Airport in Madison, Wisconsin on September 20. Biden could have taken on a role as steward and elder statesman, rather than a guy the Harris campaign never knew quite what do with. And those tensions manifested from almost the start of this short campaign, in the internal wrangling over who Harris should pick as her running mate.

Persons: Kamala Harris, Biden, ”, Hostin, Harris, didn’t, Joe Biden –, Donald Trump, Mandel Ngan, —, they’d, Liz Cheney, Bill Clinton, Bad Bunny, Arnold Schwarzenegger, ” Sen, Cory Booker, ” Booker, “, I’m, That’s, We’ve, Walz Harris ’, Lady Gaga, “ I’m, Biden hadn’t, Jen O’Malley Dillon, Barack Obama –, David Plouffe, –, Stephanie Cutter, Josh Shapiro, Harris ’, Tony West, Shapiro, Tim Walz, Trump’s, Ohio Sen, JD Vance, Walz, Vincent Alban, Obama, outperforming Harris, he’d, Austin Steele, Cedric Richmond, “ We’ve Organizations: CNN, Republican, Democrat, Democratic, Air Force, Dane County Regional Airport, Getty, Israel, fumed, Democratic Party, Trump, GOP, The New, The New Jersey Democrat, Philadelphia Museum of Art, Barack, Pennsylvania Gov, Pennsylvania, Obama, Minnesota Gov, Reuters, White, Howard University, Howard Locations: Wilmington , Delaware, Dane, Madison , Wisconsin, AFP, Bucks County , Pennsylvania, The, The New Jersey, Canada, American, Wilmington, Philadelphia, Minnesota, West Ellis , Wisconsin, Delaware, North Carolina, Washington ,

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

☆ Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
▼ + stars: | 2024-11-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.

Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S

☆ Harris' chances are still alive after she won a key vote in Nebraska
▼ + stars: | 2024-11-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Kamala Harris is projected to have won a potentially critical Electoral College vote in Nebraska. Democrats have now won an electoral vote in Nebraska in three elections since 2008. With over 80% of the expected vote in, Fox News and The New York Times have called the district and its Electoral College vote for Harris. Related storiesNebraska and Maine are the only two states to award some of their Electoral College votes by congressional district. If the race were to end in an Electoral College tie, it would be turned over to the Republican-controlled US House of Representatives to decide.

Persons: Kamala Harris, —, Harris, Donald Trump's, Trump, Jim Pillen, Barack Obama, Warren Buffett, — Gov, Tim Walz, Sen, JD Vance, Ohio —, Walz Organizations: Democrats, Service, Congressional District, Fox News, The New York Times, Electoral, Republican, Electoral College, Republicans, Biden, Trump, Minnesota Locations: Nebraska, Omaha, North Carolina, Georgia, Arizona, Maine, Pennsylvania , Michigan, Wisconsin, Nebraska's

☆ Ukraine congratulates Trump — but a Republican win will scare Kyiv
▼ + stars: | 2024-11-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024. Posting on X, Zelenskyy praised Trump on his "impressive election victory" and said he was optimistic that he and the former U.S. president, who has threatened to cut Ukraine funding quickly if re-elected, could work together toward peace in Ukraine. That would make it easy for a Republican administration to block future military funding for Ukraine. The U.S. election, and the future of that funding and support, was seen as a make-or-break moment for Kyiv. Then President Donald Trump and Russian President Vladimir Putin at a joint press conference after their summit on July 16, 2018, in Helsinki, Finland.

Persons: Donald Trump, Volodymyr Zelenskiy, Shannon Stapleton, that's, Volodymyr Zelenskyy, Trump, Kamala Harris, Zelenskyy, Trump's, Vladimir Putin, Chris McGrath, J.D, Vance, wouldn't, — Organizations: Ukraine's, Trump, Reuters, U.S, NBC News, Electoral, White, U.S . House, Ukraine, Analysts, Russian, CNBC, Kyiv, Republicans, Democrats, Getty Locations: New York City, U.S, Reuters Ukraine, Ukraine, Russia, United States, America, Kyiv, Ukrainian, Helsinki, Finland, Moscow

Detailed below is how a second Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Further, if Trump's presidency is inflationary and leads to interest-rate hikes, that would hit housing affordability in the form of higher mortgage rates, which track the Federal Reserve's benchmark. AdvertisementThe former president has also said he plans to extend his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans.

Persons: Donald Trump, —, Trump's, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White

☆ JPMorgan execs call for unity in a memo to staff on Trump's victory
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.

Persons: Jamie Dimon, Donald Trump, Dimon, —, Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan

☆ 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

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

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

WASHINGTON — Americans are poised to elect a new Congress, with control of both chambers at stake as every seat in the House of Representatives and one-third of the Senate is up before voters on Election Day. Republicans favored to win the SenateIn the Senate, Democrats currently have a 51-49 edge, but Republicans are favored to capture the majority. They’re all but guaranteed to win an open seat in ruby-red West Virginia, with Democrat-turned-independent Sen. Joe Manchin retiring. If Harris wins, Republicans will need one more seat in addition to West Virginia to capture the Senate. In New York, Republicans are defending four seats they flipped in 2022, propelling them to win the House majority.

Persons: Kamala Harris, Donald Trump, Sen, Joe Manchin, JD Vance, Harris, Democratic Sens, Jon Tester, Sherrod Brown, Trump, Tim Sheehy, Bernie Moreno, Bob Casey, Debbie Stabenow, Tammy Baldwin, Krysten Sinema, Jacky Rosen, ’, Ted Cruz, Rick Scott, Dan Osborn, Republican Sen, Deb Fischer, Cook, Marc Molinaro, Mike Lawler, Anthony D’Esposito, Brandon Williams, D’Esposito’s, Williams, Laura Gillen, John Mannion, ”, Pat Ryan, Republican Alison Esposito, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Hakeem Jeffries, Suzan DelBene, We’ve, ” DelBene, Joe Biden, Kevin McCarthy, Johnson, ” Johnson Organizations: Senate, Democrats, Democrat, GOP, Trump, Democratic, Republican, Republicans, Rep, House Democratic, ”, NBC News, Treasury Department, White House, Congress, Affordable Locations: WASHINGTON, West Virginia, R, Ohio, Montana and Ohio, Pennsylvania, Michigan, Wisconsin, Arizona, Nevada, Texas, Florida, Nebraska, New York, California, Hudson, D, Pennsylvania , Michigan, Arizona , Nevada, Pacific

☆ The U.S. election is a make-or-break moment for aid to Ukraine
▼ + stars: | 2024-11-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +10 min

Kevin Lamarque | ReutersTensions are likely running high in Kyiv ahead of Tuesday's presidential election in the U.S. — a vote that could make or break ongoing aid for Ukraine. Officials in Kyiv say the election is being watched closely, amid concerns that future aid could be cut. In the week before the presidential election, Western officials were reported as saying that a Harris administration would likely struggle to push significant aid for Ukraine through Congress. A win by Donald Trump could see him placing a phone call to Russian President Vladimir Putin as early as 6 November. Then President Donald Trump and Russian President Vladimir Putin at a joint press conference after their summit on July 16, 2018, in Helsinki, Finland.

Persons: Volodymyr Zelenskiy, Kamala Harris, Kevin Lamarque, —, Donald Trump, Joe Biden, It's, Trump, it's, Yuriy Sak, J.D, Vance, JD Vance, Carlos Osorio, Putin, Harris, Timothy Ash, Reuters Ash, Ash, Tim Willasey, Vladimir Putin, Chris McGrath Organizations: U.S, White, Reuters, NBC News, Republican, Democrats, NATO, Russia, Ukrainian, CNBC, Anadolu, Getty, Kiel Institute of, European Investment Bank, European Commission, Republicans, Kyiv, Reuters Trump, Berenberg Bank, Berenberg, Washington, Congress, Trump, Ukraine, BlueBay Asset Management, Democratic, Royal United Services Institute Locations: Washington , U.S, Kyiv, U.S, Ukraine, United States of America, United States, America, Russia, Toretsk, Donetsk, Donbas, Moscow, St, Cloud , Minnesota, Europe, Belgian, Helsinki, Finland

☆ THEN AND NOW: How the Trump family changed between the 2020 and 2024 elections
▼ + stars: | 2024-11-05 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +3 min

Trump, who is running against Kamala Harris in 2024, has since become a convicted felon, survived an assassination attempt, and chosen a new running mate. Win McNamee/Getty ImagesTrump announced his 2024 presidential campaign in 2022 and formally accepted the nomination at the 2024 Republican National Convention in July. Pence did not endorse Trump in 2024. In 2023, Justice Department prosecutors charged Trump with 37 criminal counts, alleging he withheld classified records from the government after leaving office and attempted to obstruct their return. It went to trial in April, and Trump was found guilty on all counts in the first-ever criminal trial of a former American president.

Persons: Trump, Kamala Harris, Donald Trump, JD Vance, Win McNamee, Getty Images Trump, Pence, Ohio Sen, Jack Smith, Smith Organizations: Republican National Convention, Getty Images, Republican, Convention, Ohio, FBI, Trump's, White, Presidential, Justice Department, Trump, New, White House, Capitol Locations: Florida, New York, American, United States, Texas, Butler , Pennsylvania

☆ Historic firsts in the 2024 US general election
▼ + stars: | 2024-11-05 | by ( Andrew Menezes | Annette Choi | ) edition.cnn.com time to read: +5 min

CNN —The winners of several elections up and down the ballot will be making history this year, CNN projects. In the House, CNN projects North Dakota to make history with the election of its first woman, Republican Julie Fedorchak, to the state’s at-large district. DE-AL: Democrat Sarah McBride will be the first transgender member of Congress, CNN projects, winning the race for Delaware’s at-large congressional district. McBride, a state senator, will succeed Democratic Rep. Lisa Blunt Rochester, who won election to the US Senate. Johnson, a state representative, will succeed Democratic Rep. Colin Allred, who ran for Senate.

Persons: Kamala Harris, Vance, Lisa Blunt Rochester, Angela Alsobrooks of, ’, –, Julie Fedorchak, Sarah McBride, Delaware’s, Julie Johnson, Josh Stein –, Angela Alsobrooks, Larry Hogan, Democratic Sen, Ben Cardin, Alsobrooks, Prince George’s, Democrat Barbara Mikulski, Delaware’s Lisa Blunt Rochester, Kelly Armstrong, Tom Carper, Blunt Rochester, Maryland’s Angela Alsobrooks, McBride, Josh Stein, Mark Robinson, Stein, Roy Cooper, Johnson, Colin Allred, Yassamin Ansari, Ruben Gallego, Ansari, Suhas Subramanyam, Jennifer Wexton Organizations: CNN, Democratic, Republican, House, – North, SEN, Gov, Democrat, Dakota ND, North Dakota Public Service Commission, Delaware DE, First State, Delaware . North Carolina NC, GOV, Congressional, Senate, Arizona AZ, Iranian American Democrat, Congressional District, Phoenix City Council ., Phoenix City Council . Virginia VA, Indian Locations: American, Lisa Blunt Rochester of Delaware, Angela Alsobrooks of Maryland, North Dakota, Mississippi, Texas, – North Carolina, Maryland, Prince George’s County, Dakota, Fedorchak, Delaware, McBride, Delaware . North Carolina, North Carolina, Roy Cooper . Texas, Arizona’s, Phoenix City Council . Virginia, Virginia, India

“I just believe that.”It’s a belief Vance has articulated at his rallies ahead of Election Day. “Even when I was not a Trump guy back then … that really pissed me off.”For Vance, the sentiments are personal. Feels kind of weird, but here we are.”Reflecting at the end of his campaign, Vance said he most enjoyed the opportunity to travel with his children and with Usha, who sat beside him paying household bills. Win or lose Tuesday, Vance, 40, is positioned to be a leading figure in the party for years to come. But I really, really, really don’t want us to lose, and it’s hard to even think about anything post that.

Persons: — Sen, JD Vance, Donald Trump, “, Kamala Harris, ” Vance, Vance, Trump, ” Harris, we’re, Harris, ”, Tony Hinchcliffe, Harris ’, Tim Walz, Joe Biden, “ I’ve, We’re, ’ ” Vance, “ That’s, Hillary Clinton, Usha, I’m, Bernie, Sanders, Biden, ’, “ It’s, ” Scott Olson, Europe’s, Andy Surabian, Jai Chabria, Luke Thompson, ‘, ’ ”, Harris —, —, we’ve, it’s, It’s, “ We’re, Donald Trump Jr, Bernie Moreno, podcaster Joe Rogan, you’ve Organizations: Democratic, Trump, New, Garden, Minnesota Gov, White, Senate, The Washington Post, Fox News, Washington Post, Republican Locations: FLINT, Mich, R, Ohio, ”, Pennsylvania, Puerto Rico, Wisconsin , Michigan, Georgia, Cincinnati, La Crosse , Wisconsin, La Crosse, Flint, Vance’s, New Hampshire, “ New Hampshire, America

☆ Election Day and the Fed’s rate decision approach – Where investors are finding fixed income opportunities now
▼ + stars: | 2024-11-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Uncertainty is the key theme for markets on the eve of Election Day, but fixed income investors say there are a few opportunities to snap up solid yield even as the market holds its breath. "We are constructive on fixed income as a whole, despite these uncertainties, and we're stressing to investors that yields are really quite attractive – and the income generation we can get from fixed income right now is quite powerful," Persson added. On the municipal bond side, offerings include the iShares National Muni Bond ETF (MUB) , which has a 30-day SEC yield of 3.35%. Vanguard also has its Tax-Exempt Bond ETF (VTEB) , with a 30-day SEC yield of 3.4%. The iShares MBS ETF (MBB) has a 30-day SEC yield of 4.01% and a net expense ratio of 0.04%.

Persons: Kamala Harris, Donald Trump, Andrew Szczurowski, Eaton, Anders Persson, Persson, Fannie Mae, Freddie Mac, Baird Organizations: NBC News, Income, Morgan Stanley Investment Management, Federal, Treasury, Muni Bond ETF, SEC, Vanguard, Bond, SPDR, MBS, Fidelity Intermediate Bond Fund, Bond Fund Locations: Washington, Nuveen

GOP senators and top aides say the race could go either way. Scott, who is a McConnell critic, has been more willing to fall in line with Trump than Cornyn or Thune over the last several years. Both Thune and Cornyn are closely politically aligned with the longtime GOP leader. Asked if he would like to get more public endorsements from GOP senators, Thune said he is not asking anyone to do that. They also point out his remarkable ascent – he defeated then-Senate Democratic Leader Tom Daschle in 2004 and is now on a path to possibly becoming GOP leader.

Persons: Mitch McConnell’s, Donald Trump, Sen, John Cornyn, John Thune, McConnell, Trump, Cornyn, Joe Rogan, ” Cornyn, Thune, they’ve, Howard Lutnick, Linda McMahon, Rick Scott, Scott, ” Scott, Laura Loomer, Markwayne Mullin, he’s, “ I’d, ” Mullin, Jonathan Ernst, “ There’s, ”, West Virginia Sen, Shelley Moore Capito, John Barrasso of, Barrasso, Cornyn’s, “, ” Thune, don’t, —, I’ve, MAGA, — Trump, ” Trump, Kristi Noem, Kristi, GOP Sen, Tim Scott of, Anna Moneymaker, Steve Daines, Thune’s, Tom Daschle, Biden, Vance Organizations: CNN, GOP, Senate, Trump, Mar, Trump voters, ”, Republicans, U.S, Capitol, Johns, Republican, Thune, National Republican, Committee, “ Liberal, South Dakota Gov, RINO, U.S . Senate, South Dakota, New, Senate GOP, Democratic Locations: Reno , Nevada, Austin , Texas, Texas, Lago, Washington, Florida, Washington , U.S, West Virginia, John Barrasso of Wyoming, United States, South Dakota, U.S, South, “, Tim Scott of South Carolina, New Hampshire, Washington , DC, Montana, Michigan , Indiana , Nevada

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