Election Financial News

Kamala Harris and Republican Donald Trump in a divided nation. Key battleground states such as Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin are expected to decide the outcome. Both campaigns are preparing for possible legal battles which might delay the final results. The timing of knowing the winner is uncertain, as each state has different rules for counting ballots. In the upcoming election, history will be made regardless of the outcome.

Subscribe to enjoy similar stories. With scant detail on how Beijing aims to stimulate its way out of its economic downturn, some investors have speculated that the U.S. presidential election might prompt the big “bazooka" markets have hoped for.

US Presidential election of 2024 is one the most watched political events of recent times especially as the outcome will have a huge impact on international trade. In the past few decades, many American politicians have talked about attracting manufacturing investment and jobs back to the country after the manufacturing of goods consumed by Americans has spread across the globe and manufacturing jobs have dwindled in the USA. Countries that export substantially to the USA or have been the destination of manufacturing investment in the past three decades are likely to be targets of trade action in the near future. In any case, the countries with whom the USA runs a large trade deficit are on the radar of at least one potential aspirant to the White House. India is one of those countries. The US happens to be the largest destination for Indian merchandise exports. In 2023-24, imports into India from the USA amounted to $42.2 billion, while exports from India were valued at $77.52 billion.

Subscribe to enjoy similar stories. ON THE EVE of America’s presidential election, many people around the world are waiting on edge. Although non-Americans do not get a vote, the outcome of the election will have ramifications far beyond America’s borders on issues such as international trade, the credibility of Western defence alliances and the rise of China.

Subscribe to enjoy similar stories. Before Larsen & Toubro Ltd’s (L&T) September quarter (Q2FY25) earnings were out on Wednesday, its shares had fallen by 7% over the previous month. Weak government spending in the first half of FY25 due to the general elections and global geopolitical tensions were anticipated to mar L&T’s order inflows last quarter.

US presidential election polling data showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ delayed a hike in output. The greenback dropped against most major currencies such as the yen and the Australian dollar in early Monday trading, while 10-year Treasury futures rose.

US election 2024 results on Tuesday night (November 5) may not know the outcome unless Democratic nominee Kamala Harris or Republican candidate Donald Trump scores a significant victory in most states, especially the so-called swing states. If there are no blow-out margins of victory and the election numbers follow the polls all of which give leads within the margin of error — with crucial swing state Pennsylvania’s as narrow as 0.4 per cent for Trump — it may take days or even weeks to sort out the contested results with recounts, as per an IANS report. Traditionally, the candidate losing the election concedes defeat even before the official announcement of the results if the outcome is clear. But Trump has not admitted he lost even four years after President Joe Biden defeated him in 2020.

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year

BEIJING — The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts said.

It has been decades since the polls have shown the nation facing a presidential race that is so close across so many states in both the Sun Belt and the Rust Belt. The tightly contested landscape means the race remains highly uncertain as the campaign enters its final hours, as per a report on NYT News Service. Harris is now narrowly ahead in Nevada, North Carolina and Wisconsin, the polls show, while Trump leads in Arizona. The polls show them locked in close races in Michigan, Georgia and Pennsylvania. But the results in all seven states are within the margin of sampling error, meaning neither candidate has a definitive lead in any of them.

Early in-person voting, which ended Saturday, has become increasingly popular in the presidential battleground state over several election cycles. People can simultaneously register to vote and cast ballots at early voting sites, AP reported. Four years ago, a record 3.63 million people voted at hundreds of sites in all 100 counties during the early-voting period. This year, the state exceeded that total by Thursday, days before the period ended, the board said.

Here's how the outcome will affect our economy, through the lens of three main transmission channels:

Kamala Harris campaigns in Michigan on Sunday while her Republican rival Donald Trump will stop in three eastern battleground states just two days before Tuesday's US presidential election. Opinion polls show a historically close race, and a New York Times/Siena College poll published on Sunday showed Vice President Harris and former President Trump neck-and-neck in the seven states that are likely to determine the outcome on Tuesday. A poll showing Harris leading in Iowa-a state Trump won easily in the past two elections-raised the possibility of an unexpected outcome, though another poll showed her trailing in that state.

«I really wouldn't believe it if they told me she won,» Brandon Dent, 22, told AFP, referring to Trump's rival, Vice President Kamala Harris. «He'll take it in a landslide,» the delivery driver said, observing the thousands of fellow Trump supporters lining up to see the president speak in the Virginia city of Salem, nestled among gentle mountains brushed in red and orange by the fall foliage.

Kamala Harris's political manifesto, but the catchily titled "Progress 2028" is actually a fake document that a funding watchdog says was produced by a dark money group with ties to Donald Trump's billionaire backer Elon Musk. Researchers say Progress 2028 — purportedly a liberal counter to the conservative initiative Project 2025 — is riddled with misinformation and is behind a series of Facebook ads that distort the Democratic contender's policy positions about key issues such as immigration and gun control. Backing it is a group called Building America's Future, a conservative dark money network which has reportedly received funding from Musk, the world's richest man and a vigorous campaigner for Republican Trump's re-election bid.

AAP supremo Arvind Kejriwal on Sunday said he needed the support of the people to defeat the BJP and ensure that the «good work» continued in Delhi. The former chief minister resumed his 'padyatra' following a break for the festivals and urged the people of Delhi to vote for AAP in the assembly elections while accusing the BJP of halting development work. «I need your support to defeat the BJP and keep the good work going in the city because I cannot do it alone. The BJP will stop all the work if it comes into power as it cannot match the facilities (being provided in Delhi) in states where it is already in power,» he claimed. There was no immediate response from the BJP on the claims.

Kamala Harris has surpassed Republican Donald Trump in a new poll in Iowa, with likely women voters responsible for the turnaround in a state that Trump easily won in 2016 and 2020, according to the Des Moines Register/Mediacom Iowa Poll released on Saturday. The poll of 808 likely voters, who were surveyed Oct. 28-31, has Harris leading Trump 47%-44% in Iowa, which has been trending deeply Republican in recent years. It is within the 3.4 percentage point margin of error, but it marked a turnaround from a September Iowa Poll that had Trump with a 4-point lead, the newspaper reported.

battleground states two days before the U.S. presidential election, according to the final New York Times/Siena College poll. The opinion poll showed Vice President Harris with marginal leads in Nevada, North Carolina and Wisconsin and former President Trump just ahead in Arizona. The two are in close races in Michigan, Georgia and Pennsylvania, according to the poll, which surveyed 7,879 likely voters in the seven states from Oct. 24 to Nov. 2. In all seven states, the matchups were within the poll's 3.5% margin of error.

Elon Musk's comment where he has called her a «puppet» for supporting Kamala Harris. «I’m not a puppet Elon… I’m a daughter of two immigrant parents that had to work their ass off to provide for me! I’m a product of welfare, I’m a product of section 8, I’m a product of poverty and I’m a product of what happens when the system is set up against you….But you don’t know nothing about that. You don’t know not one thing about the American struggle…. PS fix my algorithm,» said the rapper in response to Elon Musk's comment. While quoting a video of Cardi B where she is reportedly seen confused on the stage while campaigning for Kamala Harris over her teleprompter being broken, Elon Musk said «Another puppet who can’t even talk without being fed the words. The Kamala campaign has no authenticity or true empathy.»

US election 2024 polls to choose between Democratic Vice President Kamala Harris and Republican former President Donald Trump as the country's next president. However, strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection period for payrolls, making it hard to get a clear picture of the labor market ahead of next week's presidential election, Reuters reported. «This is not the clarifying report on the economy that Americans and markets needed before next week's election to answer whether voters are better off than they were four years ago,» Christopher Rupkey, chief economist at FWDBONDS.

Donald Trump had spent the past several years deriding early and absentee voting. However, Elon Musk's political team, which was advising the Tesla CEO on his nascent pro-Trump super PAC, informed him that Republicans could win Georgia, North Carolina and Pennsylvania only if they delivered on those kinds of votes, as per a report. Musk was aghast — and so he reached out to Trump, then the presumptive Republican nominee. You've got to stop telling people not to vote early, Musk texted, according to two people to whom Musk told this story. He was unsure his message was received, NYT News Service reported. But later that evening, Trump posted on Truth Social, «ABSENTEE VOTING, EARLY VOTING, AND ELECTION DAY VOTING ARE ALL GOOD OPTIONS.»