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Florida Passes Property Tax Cuts in Challenge for Local Funding
Florida voters passed sweeping property tax cuts in Tuesday’s election, a move that will gut local government funding.
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Treasury yields fall as investors crowd into bonds for safety amid election stock sell-off
Treasury yields fell on Tuesday night, as investors sought shelter from a sell-off in equity futures sparked by big victories from Democrats in the U.S. midterm elections.
GOP governor defies Dem enthusiasm, tough political climate to win re-election in key swing state
Republican Gov. Kelly Ayotte defeated Cinde Warmington to win a second term as New Hampshire governor despite a rough political climate for the GOP.
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South Korea’s AI Darlings Become Big Casualty of US Midterm Vote
South Korea’s Kospi Index slid as shares of chipmakers plunged on concern that a strong showing by Democrats in the US midterms would lead to greater scrutiny of the artificial intelligence industry.
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Vietnamese Tech Firm VNG Is Said to Consider Reviving US Listing
VNG Group, a Vietnamese tech company backed by Singaporean sovereign wealth fund GIC Pte, is considering reviving a listing in the US, according to people familiar with the matter.
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Democrat Crowley Wins Wisconsin Governor Race, DDHQ Projects
Democrat David Crowley is projected to win the election for governor of Wisconsin, according to Decision Desk HQ on X.
Democrat Gina Hinojosa stuns Abbott, makes history as first Latina Texas governor
Gina Hinojosa defeated Greg Abbott by campaigning against school vouchers and corporate influence, but her strategy tying Abbott to Trump proved pivotal.
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Midterm Election Updates Earnings Updates CVS Plans to Break Up Healthcare Conglomerate, Reports Say Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings (Source: Bloomberg)
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Democrat Stelson Wins Pennsylvania House Race, NBC Projects
Democrat Janelle Stelson is projected to win the election in Pennsylvania’s 10th Congressional District, according to NBC.
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Democrat Mendoza Wins Arizona House Race, DDHQ Projects
Democrat JoAnna Mendoza is projected to win the election in Arizona’s 6th Congressional District, according to Decision Desk HQ on X.
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Democrat Talarico Wins Texas Senate Race, DDHQ Projects
Democrat James Talarico is projected to win the Senate race in Texas, according to Decision Desk HQ on X.
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Nvidia China Clients to Get 1% of $70 Billion RTX Chips Ordered
Chinese AI developers expect to receive just a small fraction of the advanced Nvidia Corp. chips they’ve ordered over the next several months, as the US company struggles to boost production to meet soaring demand.
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Democrat Hobbs Wins Arizona Governor Race, DDHQ Projects
Democratic incumbent Katie Hobbs is projected to win the election for governor of Arizona, according to Decision Desk HQ on X.
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Japan Courier Service Yamato’s Shares Surge on Farallon Stake
Yamato Holdings Co. shares rallied the most in 18 years after Farallon Capital Management LLC, one of the most prolific activist funds in Japan, reported a stake in the Japanese company and called for a management shakeup.
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Global Renewable Stocks Jump as Democrats Win Congress Control
Global renewable stocks rallied after the Democrats won control of both chambers of Congress in the US midterm elections, an outcome seen supporting more favorable policy for the industry going forward.
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Ossoff Says Victory Is Rebuke to Trump Presidency
“The American people have rebuked the depravity, corruption and incompetence of the failed, lame-duck president, Donald J. Trump,” said Senator Jon Ossoff after winning reelection. The Democrat from Georgia defeated Republican…
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Dollar Dips Most in Two Months as US Vote Spurs Policy Risks
The dollar sank the most in two months as Democrats’ sweeping midterms win fueled concern about political gridlock and tougher tech regulation that could damp foreign demand for US assets.
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Singapore Air Becomes Latest Carrier Affected by Data Breach
Singapore Airlines Ltd. became the latest carrier hit by a data breach at one of its main software providers, bringing the global number of bookings compromised by the hack across the industry to over 200,000.
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Keisha Lance Bottoms Makes History in Georgia
Keisha Lance Bottoms is projected to win the governor's race in Georgia according to NBC. The Democrat will become the first Black woman to ever lead a US state. She will succeed Governor Brian Kemp, a Republican who is barred by term…
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Democrat Sand Wins Iowa Governor Race, DDHQ Projects
Democrat Rob Sand is projected to win the election for governor of Iowa, according to Decision Desk HQ on X.
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China Boosts Market Defense With National Team Buying, Buybacks
China escalated its defense of the stock market, as state-backed funds answered the government’s rallying call by increasing purchases and more companies stepped up buyback plans.
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Democrat Andrews Wins South Carolina Senate Race, DDHQ Projects
Annie Andrews is projected to score a seismic upset in South Carolina, ousting Republican Senator Darline Graham, President Donald Trump’s hand-picked candidate, and putting Democrats in a strong position to seize control of the US Senate.
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Democrat Powell Wins Nebraska House Race, DDHQ Projects
Democrat Denise Powell is projected to win the election in Nebraska’s 2nd Congressional District, according to Decision Desk HQ on X.
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Democrat Luria Wins Virginia House Race, DDHQ Projects
Democrat Elaine Luria is projected to win the election in Virginia’s 2nd Congressional District, according to Decision Desk HQ on X.
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