DIRS.INFO The most relevant business & tech news

☆ 10 politicians who made history in the 2024 election
▼ + stars: | 2024-11-07 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Several politicians marked historic firsts in the 2024 election. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident-elect Donald Trump and Vice President-elect JD Vance made history in the 2024 election, but they weren't the only ones. Here are 10 politicians who marked historic firsts in the 2024 election.

Persons: Donald Trump, Sarah McBride of, —, JD Vance Organizations: Service Locations: Sarah McBride of Delaware, Korean

☆ 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

☆ Starbucks and Luckin are in a fight for the global coffee market. I visited both to see how they stack up on price, menu, and vibe.
▼ + stars: | 2024-11-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +8 min

Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.

Persons: —, Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States

☆ Raygun, the Olympic breakdancer who became a laughing stock, says she is retiring because of the backlash
▼ + stars: | 2024-11-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Gunn suffered ridicule and false rumors after her Paris Olympics performance. AdvertisementThe Olympic breakdancer Rachael "Raygun" Gunn is retiring from the sport after facing a barrage of online hate and misinformation. The 37-year-old Australian became a laughing stock this summer after her viral Paris Olympics performance, which included moves that were compared to a kangaroo hopping and the dancing of a child. Speaking at her concert in Munich in August, Adele said Gunn's performance was her "favorite thing that's happened in the Olympics." "Having that Olympic stamp for any sport changes the game of play," Born Barikor, the chair of the UK organisation Breaking GB, told Fortune.

Persons: Rachael, Raygun, Gunn, —, France's Syssy, Lithuania's Nicka, she'd, 2DayFM, it's, Samuel Free, AUSBreaking, Harry Langer, Adele, Jimmy Fallon, Fallon, I've, you've, Mark Kolbe, Joycelyn Wilson, Fortune, Gunn didn't Organizations: breakdancing, Olympics, Angeles, Service, Paris Olympics, Angeles Olympics, International Olympic, Getty, Georgia Institute of Technology, Breaking, Macquarie University, Nova, Business Locations: Sydney, Munich, Australian

☆ What a Republican sweep in Congress could mean for the stock market—in one chart
▼ + stars: | 2024-11-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Former President Donald Trump has won the 2024 election, sweeping into office on a wave of support for Republican candidates. NBC News reports that the previously Democrat-controlled Senate will have a Republican majority. After all, the S&P 500 has gone up during 17 of the last 20 four-year presidential terms. A divided Congress in particular tends to bode well for investors, with average yearly gains of 15.7% under Democratic presidents and 13.7% under Republican presidents. Should the S&P 500 finish out 2024 up from the previous year (it's currently up about 25%), it will mark 14 consecutive years of positive returns under split Congresses.

Persons: Hakeem Jeffries, Mitch McConnell, Charles Schumer, Mike Johnson, Donald Trump, It's, Trump, Ryan Detrick, bode, it's Organizations: U.S, Capitol, Republican, NBC News, Carson Group, Democratic Locations: D, Ky

☆ Trump and his party aim to further expand power in Washington: From the Politics Desk
▼ + stars: | 2024-11-06 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

In today’s edition, we explore how Republicans are eyeing maintaining their current House majority and expanding their newfound Senate majority after Donald Trump's victory. But given Trump’s decisive victory over Vice President Kamala Harris, House Republicans are feeling bullish about their chances of preserving their slim majority. The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Republican Tim Sheehy defeated Democratic Sen. Jon Tester in Montana, NBC News projected Wednesday morning, giving the GOP 52 Senate seats. And the races in Nevada between Democratic Sen. Jacky Rosen and Republican Sam Brown and in Pennsylvania between Democratic Sen. Bob Casey and GOP challenger Dave McCormick are too close to call.

Persons: Donald Trump's, Kamala Harris, Scott Wong, Sahil Kapur, Kyle Stewart, Donald Trump, Will Trump, that’s, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, ”, Republican Tim Sheehy, Democratic Sen, Jon Tester, Tammy Baldwin, Eric Hovde, Elissa Slotkin, Mike Rogers, Ruben Gallego, Kari Lake, Jacky Rosen, Republican Sam Brown, Bob Casey, Dave McCormick, Read, → Harris, Natasha Korecki, ” Harris, Harris Organizations: NBC, White House, Capitol, Kyle Stewart Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Republicans, Biden, Congressional, Democratic, GOP, Republican, Democratic Rep, Trump, Pennsylvania, mater Howard University Locations: Washington, West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Montana, Wisconsin, Arizona, Nevada

Next door in the 7th District, GOP state Rep. Ryan Mackenzie defeated Democratic Rep. Susan Wild, who had flipped a GOP seat in a 2018 special election. Republicans also flipped an open seat in Michigan’s 7th District, after Democratic Rep. Elissa Slotkin decided to run for the Senate. Because California is notoriously slow in counting ballots, some of the half-dozen hyper-competitive races there — critical to which party wins the House majority — likely will take days. In the 27th District, GOP Rep. Mike Garcia was narrowly beating Democrat George Whitesides with 65% of the vote in. In another California battleground race, NBC News projected Wednesday that GOP Rep. Kevin Kiley has defeated Democrat Jessica Morse.

Persons: Donald Trump, Will Trump, that’s, Kamala Harris, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, Ezra Levin, Brendan Boyle, it's, ”, ” Boyle, “ Trump, Harris, Brandon Williams, Marc Molinaro, Josh Riley, Rob Bresnahan, Matt Cartwright, Ryan Mackenzie, Susan Wild, Wild, Elissa Slotkin, Nick Begich, Mary Peltola, Juan Ciscomani, Kirsten Engel, David Schweikert, Don Bacon, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Michelle Steel, Derek Tran, Ken Calvert, Will Rollins, Kevin Kiley, Jessica Morse Organizations: WASHINGTON, Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Biden, Congressional, Democratic, ”, Democrats, GOP, Empire State, NBC, Republican, Democratic Rep, GOP Rep, Central Valley’s, Democrat, District, longtime GOP, Rep Locations: West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Greenland, Syracuse, Empire, Pennsylvania’s, District, Michigan’s 7th, Alaska’s, In Arizona, Nebraska, California

Pennsylvania Senate: Although Trump is projected to win Pennsylvania, the Senate race there is still too close to call. Colorado's 8th District: Democratic Rep. Yadira Caraveo is locked in a tight race in the Denver suburbs against Republican state Rep. Gabe Evans. Ohio's 9th District: Democratic Rep. Marcy Kaptur is locked in an extremely tight race with GOP state Rep. Derek Merrin. Texas' 34th District: Democratic Rep. Vicente Gonzalez faces a rematch against former GOP Rep. Mayra Flores, with Gonzalez slightly ahead. Washington's 4th District: Republican Rep. Dan Newhouse narrowly leads Republican former NASCAR driver Jerrod Sessler.

Persons: Donald Trump, Trump, Kamala Harris, Ruben Gallego, Kari Lake, Gallego, outperforming Harris, Lake, Mike Rogers, Elissa Slotkin, Rogers, Slotkin, Democratic Sen, Debbie Stabenow, Jon Tester, Tim Sheehy, Republican Sam Brown, Jacky Rosen, Republican Joe Lombardo, Catherine Cortez Masto, Bob Casey, Republican Dave McCormick, Tammy Baldwin, Eric Hovde, Baldwin, Republican Nick Begich, Mary Peltola, David Schweikert, Shah, Juan Ciscomani, Sen, Kirsten Engel, Kevin Kiley, Jessica Morse, Josh Harder, Stockton Mayor Kevin Lincoln, John Duarte, Democrat Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Bill Clark, Republican Scott Baugh, Dave Min, Mike Levin, Matt Gunderson, Lauren Boebert's, Adam Frisch, Boebert, Republican Jeff Hurd, Gabe Evans, Frank Mrvan, Republican Randell Niemeyer, Republican Mariannette Miller, Meeks, Christina Bohannan, Jared Golden, Austin Theriault, David Trone's, Frederick, April McClain Delaney, John Delaney, Republican Neil Parrott, Monica Tranel, Ryan Zinke, Harris, Don Bacon, Tony Vargas, North, Don Davis, Republican Laurie Buckhout, Gabe Vasquez, Yvette Herrell, Susie Lee, Drew Johnson, Steven Horsford, North Las Vegas Mayor John Lee, Anthony D'Esposito, Laura Gillen, Josh Riley, Marc Molinaro, Marcy Kaptur, Derek Merrin, Janelle Bynum, Lori Chavez, Andrea Salinas, Mike Erickson, Salinas, Erickson, Ryan McKenzie, Susan Wild, Scott Perry, Janelle Stelson, Vicente Gonzalez, Mayra Flores, Gonzalez, Democrat Eugene Vindman, Republican Derrick Anderson, Vindman, Alexander Vindman, Volodymyr Zelenskyy, Marie Gluesenkamp Perez, Republican Joe Kent, Dan Newhouse, Jerrod Sessler, Sessler, Newhouse, Kim Schrier, Carmen Organizations: Republican Party, NBC, Arizona, Democratic, Marine, Lake, Michigan, GOP, Democratic Rep, Nevada Senate, Republican, Senate, Pennsylvania, . Wisconsin Senate, Republicans, Democrat, California Natural Resources Agency, Stockton Mayor, Capitol, NASA, Virgin Galactic, Democrats, Democratic Army, Inc, Getty, Colorado's, Gary, Miller, Maine's, Rep, NASCAR, Commerce Department, District, Republican Rep, Army, Mexico's, North Las Vegas Mayor, New York's, Ohio's, Freedom Caucus, Trump, Ukrainian Locations: Michigan, Arizona, Nevada, Alaska, Debbie Stabenow . Montana, Montana, Pennsylvania, Washington, California, Phoenix, District, Tucson, California's, Sacramento, Central Valley, Southern California, Riverside County, Colorado's, Denver, Indiana's, Iowa's, Maryland's, Nebraska's, Omaha, North Carolina's, Nevada's, Las Vegas, Oregon's, Pennsylvania's, Texas, Virginia's, Washington's

☆ Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
▼ + stars: | 2024-11-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Getting that money required him to make big promises pertaining to the crypto industry. "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said during his keynote speech. Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals. "On day one, I will fire Gary Gensler," Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.

Persons: Donald Trump, Joe Raedle, Elon Musk, Robert F, Kennedy, Jr, Cantor Fitzgerald, Howard Lutnick, Trump, MicroStrategy, Gary Gensler, Joe Biden, Gensler, Crypto, haven't, Sen, Elizabeth Warren, Bitcoin, Jerome Powell Organizations: Trump National Doral Golf Club, Getty, Republican, Strategic, White, U.S . Marshals Service, U.S . Securities, Exchange, SEC, Trump, Lago Club, Riot, Marathon Digital Holdings, Radical Communist, Federal Reserve Locations: Doral , Florida, Nashville, United States of America, Germany, America, Palm Beach , Florida, China, Russia, USA

☆ The Federal Reserve as we know it could soon be turned on its head
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

When officials meet to decide where interest rates should be, they don’t consult the president and other elected officials — and for good reason. That’s because, as one former Federal Reserve chair famously said, central bankers’ job is to remove the punchbowl right when the party is just getting started. I feel that strongly,” Trump said at a press conference in August, referring to the Fed’s interest rate decisions. Lowering interest rates too soon could’ve risked reigniting inflation, which is currently just a tenth of a percentage point higher than the Fed’s 2% target. That’s why countries with independent central banks generally have lower inflation, Fed Chair Jerome Powell told reporters in September after central bankers lowered rates by a half point.

Persons: —, Said, Donald Trump, “, ” Trump, ”, Trump, could’ve, Jerome Powell Organizations: New, New York CNN, Federal Reserve, Federal, Bloomberg, Fed Locations: New York

☆ 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

☆ These solar stocks may be hit the most under Trump because of reliance on IRA, Goldman says
▼ + stars: | 2024-11-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Trump's campaign platform says he will seek to terminate the "Socialist Green New Deal," a reference to the IRA. The three stocks that have the most exposure to the IRA are Array Technologies , First Solar and SolarEdge , according to a Wednesday note from Goldman Sachs. Array is forecast to receive $80 million in domestic manufacturing tax credits in 2026 or about 35% of the company's estimated non-GAAP earnings per share, according to Goldman. First Solar is projected to book $2 billion in IRA tax credits in 2026 or 70% of its estimated non-GAAP earnings per share, according to Goldman. SolarEdge is expected to receive $164 million in IRA tax benefits in 2026 or about 84% of its estimated non-GAAP earnings per share.

Persons: Donald Trump, Goldman Sachs, Goldman, SolarEdge Organizations: U.S, GOP, Senate, Representatives, Green New, Technologies

☆ 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

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House," Republican House Speaker Mike Johnson said Wednesday in a statement. "The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Democrats poured huge sums of money into House races, trying to flip the lower chamber. They far outspent their Republican rivals in many of the most competitive House races across the country.

Persons: Mike Johnson, Hakeem Jeffries, Donald Trump Organizations: House, Democratic, Republicans, Senate, Republican, NBC News, Congressional, Maine's, GOP Locations: D

☆ 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

☆ Here's what a Trump presidency could mean for your taxes
▼ + stars: | 2024-11-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: 1 min

Republican presidential nominee and former U.S. President Donald Trump holds a rally in Saginaw, Michigan, U.S., October 3, 2024. Democratic presidential nominee U.S. Vice President Kamala Harris and Vice-Presidential candidate Tim Walz speaks during a campaign rally and concert in Ann Arbor, Michigan, U.S. October 28, 2024. Brendan McDermid | Evelyn Hockstein | ReutersPlus, most of Trump's tax policy requires Congressional approval, which could be challenging, depending on control of the Senate and House of Representatives and support within the Republican party. While Republicans secured a Senate majority, control of the House remains uncertain. If Democrats flip the House, we could see "more gridlock" in Congress, which could stall Trump's agenda, Gleckman explained.

Persons: Donald Trump, Kamala Harris, Tim Walz, Brendan McDermid, Evelyn Hockstein, Gleckman Organizations: Democratic, U.S, Reuters, Republican, Republicans Locations: Saginaw , Michigan, U.S, Ann Arbor , Michigan

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

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

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

☆ Mark Cuban congratulates Trump — and Elon Musk — on winning the White House before the race is called
▼ + stars: | 2024-11-06 | by ( Alice Tecotzky | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Mark Cuban, a key Harris surrogate, congratulated Trump in a post on X before the race was called. Cuban also congratulated Elon Musk — who's been a major Trump donor and staunch GOP supporter. AdvertisementVote counting is still underway, but Mark Cuban, a key campaign surrogate for Vice President Kamala Harris, has called the race for her opponent, former President Donald Trump. In an X post on Wednesday, Elon Musk, one of Trump's most vocal supporters, said the former president had been given a "crystal clear mandate for change." Representatives for Cuban and the Harris campaign did not immediately respond to requests for comment from Business Insider.

Persons: Mark Cuban, Trump, Harris, Cuban, Elon Musk, —, Kamala Harris, Donald Trump, Joe Biden's, Elon, Cedric Richmond, Walz campaign's, Richmond Organizations: Trump, GOP, Service, Democratic, White, Howard University, Cuban, Business Locations: Arizona , Michigan, Wisconsin, America

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

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

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

Bomb threats were reported across five key battleground states, both to polling places and government offices where votes are counted. The FBI, which engaged with local and state officials, confirmed that some of the threats originated from Russian email domains. “There were no major issues across the state” in the election process, said Nevada Secretary of State Francisco Aguilar. Voters who need to cure ballots with signature issues have until November 12 to do so, according to state election rules. Election workers process ballots for the 2024 General Election, in Milwaukee on November 5, 2024.

Persons: Donald Trump, Georgia –, –, Jocelyn Benson, Benson, ”, Gabriel Sterling, Brad Raffensperger, Lorena Portillo, State Francisco Aguilar, Aguilar, Omar Sabir, Kamala Harris, ” Sabir, Al Schmidt, Scott Hunt, Sara Innamorato, “, ” Innamorato, Paulina Gutierrez, “ We’re, Gutierrez, Jeff Fleming, Morry Gash, AP Sen, Ron Johnson, Brian Schimming, Johnson, Alysa Horton, they’ll, ” Horton, Horton, Adrian Fontes, Sean Lyngaas, Dalia Faheid, Brian Todd, Zachary Cohen, Casey Tolan, Holmes Lybrand, Scott Glover, Pamela Brown, Jim Acosta, Laura Dolan Organizations: CNN, Electoral, White, FBI, Democratic, Michigan Michigan, Georgia CNN, Trump, Georgia, State, Pennsylvania CNN, Pennsylvania, Philadelphia, Allegheny, Wisconsin Milwaukee, Milwaukee, AP, Wisconsin GOP, Arizona State, ASU, university’s State Press Locations: Russia, Fulton County, Georgia, Michigan, Wolverine, Detroit, “, Lansing, Atlanta, Chatham County, Savannah, ” Fulton, . Nevada, Nevada, Clark, Clark County, Clark County , Nevada, Washoe County, Nye County, Pennsylvania, Cambria County, Allegheny County, ”, Centre, Bellefonte , Pennsylvania, Milwaukee County, Milwaukee, Wisconsin, Arizona, Tempe

Markets: The post-election rally on Wall Street continued into afternoon trading, with the Dow Jones Industrial Average jumping 3.4%, or roughly 1,450 points, and the S & P 500 advancing 2.4%. It's worth noting, the stock market was reacting like Jim Cramer said it would in his Sunday column . The one thing markets hate is uncertainty, and Wednesday's rally can be attributed, in part, to relief that Wall Street professionals and individual investors alike know where they stand and what to expect from the country's next president. Bond yields move inversely to prices, and a basis point is equal to 0.01%. "You have to be very careful to respect the bond market if you do any buying today," Jim said.

Persons: Jim Cramer, Donald Trump, Kamala Harris, Morgan Stanley, Jim, It's, Yun Li, Trump, Harris, Jerome Powell's, we'll, Jim Cramer's Organizations: CNBC, ., Wall, Dow Jones, Trump, Republican, NBC, Senate, NBC News, Wells, BlackRock, Energy, Coterra Energy, Honeywell, Federal, White, Arm Holdings, Qualcomm, Bros, Moderna, Barrick Gold, Halliburton, Hershey, Air Products, Chemicals, Warner Bros ., Jim Cramer's Charitable

☆ Democrat Elissa Slotkin will win Michigan Senate seat, CNN projects
▼ + stars: | 2024-11-06 | by ( Alison Main | ) edition.cnn.com time to read: +5 min

CNN —Rep. Elissa Slotkin will win the competitive Michigan Senate race, CNN projects, keeping the seat in Democratic hands and making her the youngest Democratic woman elected to the Senate. Rogers called Slotkin and conceded the race, according to two sources. “Donald Trump and I were both elected by the people of Michigan. The GOP is also looking to defend its narrow majority in the US House of Representatives, though it remains uncalled. Do not trust him,” Slotkin fired back as Rogers vowed in their first debate that he would not defy the will of the Michigan people in Washington.

Persons: Elissa Slotkin, Mike Rogers, Donald Trump, Rogers, “ Donald Trump, Michiganders, Trump’s, ” Slotkin, “, Slotkin, Democratic Sen, Debbie Stabenow, Michigan’s, Trump, ”, Harris, “ It’s, It’s, Wade Organizations: CNN —, Michigan Senate, CNN, Democratic, House Intelligence, Slotkin, GOP, Biden, Michigan Republican, Oxford High School, Michigan State University, 8th, CIA Locations: Michigan, Detroit, Florida, China, Washington, America, Slotkin, Lansing, Stabenow

☆ Johnson and GOP increasingly bullish about holding onto control of House
▼ + stars: | 2024-11-06 | by ( Sarah Ferris | Manu Raju | ) edition.cnn.com time to read: +3 min

CNN —Speaker Mike Johnson and the GOP are feeling increasingly bullish about holding onto the House of Representatives, believing they have defied political gravity in key suburban seats as President-elect Donald Trump powered his party toward what may become a full sweep of Washington. But House Republicans and Democrats alike privately believe the GOP will maintain control, according to a half-dozen senior campaign operatives. “We’re going to hold the House,” one senior GOP campaign official said Wednesday. However, House Democrats insist it’s too early for a post-mortem. “We need to pitch a perfect game and that probably won’t happen,” a senior House Democrat campaign official said.

Persons: Mike Johnson, Donald Trump, “ We’re, ”, “, it’s, It’s, Jared Golden, Marcy Kaptur, Susan Wild, Don Bacon of Nebraska, Kamala Harris, Trump, Bacon Organizations: CNN, GOP, Republicans, Democrats, Democratic, Democrat, Colorado –, GOP Rep, Republican Locations: Washington, California, Oregon, Nebraska, Pennsylvania, Maine, Ohio, Trump, New York, Michigan, Colorado, California , Oregon, Arizona

☆ Musk's bet on Trump is already paying off for Tesla
▼ + stars: | 2024-11-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Tesla stock surged 12% in premarket trading following Trump's election victory. Musk's big bet on Trump has boosted analysts' confidence in Tesla's future prospects. AdvertisementElon Musk's big bet on Donald Trump is already paying off for Tesla. AdvertisementIn his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a "new star." Trump win an 'overall negative' for EV industryDespite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.

Persons: Elon Musk, —, Elon, Donald Trump, Dan Ives, Musk, Gene Munster, Munster, Trump, Tesla's robotaxis Garrett Nelson, Ives, Nelson, Tesla, BYD Organizations: Trump, Service, Fox News, CNN, Electoral, Wedbush Securities, Tesla, Deepwater Asset Management, EV company's, Tesla's, CFRA Research, EV, Business Locations: Tesla, Butler , Pennsylvania, China

☆ Regional banks are expected to pop under a Trump administration. The Street loves these dividend payers
▼ + stars: | 2024-11-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump is returning to the White House , and shares of regional banks are surging on his Election Day victory. Western Alliance Bancorp turned up on the list, with a dividend yield of 1.8% as of Tuesday's close. BPOP YTD mountain Popular shares in 2024 Provident Financial Services turned up on CNBC Pro's screen. Provident posted a profit of 36 cents per share, versus analysts' call for 47 cents a share, per FactSet. Shares are up more than 21% in 2024, and as of Tuesday's close, it had a dividend yield of 5%.

Persons: Donald Trump, Scott Siefers, Piper Sandler, Davidson's Gary Tenner, Tenner, Frank Schiraldi, Piper Sandler's Mark Fitzgibbon, Fitzgibbon, —, Fred Imbert Organizations: White, Republicans, Regional Banking, CNBC, Western Alliance Bancorp, Western Alliance, Financial Services, Provident

Search resuls for: "representatives"

25 mentions found