Election Financial News

...the people Had squandered the confidence of the government And could only win it back By redoubled work. Would it not in that case Be simpler for the government To dissolve the people And elect another? — Die Losung (The Solution), Bertolt Brecht, 1953 Brecht, of course, was mocking the Stalinist government of East Germany, against which the people had staged an uprising in 1953, only for it to be crushed. However, there is a strong case for stripping Brecht's solution of installing a new people of all irony, and adopting it as the primary project of redemption around the world, given the kinds of leaders who get elected. Does this sound frivolous? Or worse, elitist? Instead of moulding yourself to find acceptance among the people who had rejected you, isn't it pure conceit to hope to change them, rather than change yourself?

US President- elect Donald Trump is all set to inherit an US economy which is showing signs of severe growth while he will be resuming his office in the month of January. According to The Associated Press, in spite of the fact that Donald Trump eventually won the Presidency due to voter frustration over inflation and economic conditions, he is going to find a pretty low unemployment rate and easing inflation as well. The Associated Press reported that the administration of Joe Biden has already initiated numerous infrastructure projects which include a computer chip plant in the state of Arizona and an electric vehicle factory in the state of Georgia which might continue under the leadership of Donald Trump. On the other hand, Joe Biden have acknowledged the fact that the benefits of his economic policies would be eventually felt following the end of his term while he also stated that much of the positive impact will unfold over the next decade. Also Read: Wild theories: Did Kate Middleton have cancer? Conspiracists are suggesting that the Princess of Wales may not have had cancer at all

Ajit Pawar on Tuesday supported Prime Minister Narendra Modi's 'ek hai to safe hai' slogan, but opposed Yogi Adityanath's refrain 'batenge to katenge', terming it alien to Maharashtra's ideological heritage. Speaking to PTI amid the campaign for the November 20 state assembly elections, he also claimed that his nephew and now rival candidate Yugendra Pawar is not interested in politics, and does not even like to stay in Baramati. Supporting Prime Minister Narendra Modi's campaign slogan of «ek hai to safe hai', he said India will be safe if it remained united. »There is nothing wrong with that (slogan), I don't see any issue here. If we stay together, everyone will prosper," he added.

Mark Cuban has eventually faced some backlashes following his deletion of pro- Kamala Harris tweets after her defeat in the US Presidential elections 2024 to Donald Trump, reported The Wrap. Eventually numerous accusations arose from the Libs of TikTok account which gradually prompted Mark Cuban to clarify on X (formerly Twitter) that he pretty routinely deletes tweets from past elections and other topics. According to The Wrap, he asserted that, ‘I have always gone back and deleted tweets. For years’ while also suggesting that anyone interested could check the Wayback Machine for archived versions. Also Read: Trump-driven stock rally: These companies are outperforming Tesla post-election

Among the key beneficiaries are companies tied to law enforcement, private prisons, and the cryptocurrency sector.

Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations, as per a report. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election, IANS reported. According to Nigel Green of deVere Group, «Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office». The bullish prediction from Green comes after the cryptocurrency has experienced a staggering 93 per cent price rise year-to-date.

Philippine Defense Secretary Gilberto Teodoro says he doesn't expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because both allies face the shared threat of China

German media are reporting that Chancellor Olaf Scholz is expected to ask for a vote of confidence in his government on Dec. 16

Mauritius’ opposition coalition has won the country’s election by a landslide

Rahul Gandhi's election rally scheduled to be held at Chikhli in Buldhana district of poll-bound Maharashtra was cancelled on Tuesday after his flight from Delhi faced a technical glitch. Gandhi was expected to address the public meeting at Chikhli for Congress candidate Rahul Bondre at 12.30 pm. The Leader of Opposition in the Lok Sabha issued a video statement, in which he specified the reason for the cancellation of the rally. «I was supposed to come to Chikhli today, but due to technical glitches in my flight I could not come. I apologise for that. I was supposed to address a public rally and interact with soybean farmers. Soybean and cotton farmers are facing big problems,» he said.

Trump's Agenda47 campaign proposed eliminating the Department of Education- which as per the DOE website, «establishes policy for, administers and coordinates most federal assistance to education.» This move by Trump could impact crucial funding for K-12 schools and hamper civil rights enforcement, reported The Forbes. ALSO READ: Md Yunus' past remarks on US President-elect Donald Trump may hurt his future

Haridwar after the district administration invited three Muslim MLAs to an event at Har-ki-Pauri ghat for the state foundation day. The move was reportedly opposed by the Ganga Sabha, which manages the ghat, says a TOI report. It argued that the three legislators should not have been invited as «non-Hindus are not allowed entry at the ghat since long, and the British had also made it a rule under the Haridwar Municipal Act of 1935.» The event, held on Monday in the presence of CM Pushkar Singh Dhami and a host of other BJP leaders, featured cultural performances and a light show, with over 3.5 lakh diyas lit across 52 ghats. As part of protocol, the Haridwar district administration had invited Congress MLA from Piran Kaliyar Furqan Ahmed, BSP MLA from Laksar Mohammad Shahzad, and Congress MLA from Manglaur Qazi Nizamuddin. However, none of the MLAs attended.

US policy landscape, though may be also reflected in valuations as markets have been anticipating the outcome,” says Gautam Chhaochharia — Head of Global Markets, India – UBS. In an interview with ETMarkets, Chhaochharia said: “IT Services sector may potentially benefit from US corporate tax cuts and thus higher spending, despite some worries around Visas” Edited excerpts:

Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,637 in Asia — a gain of more than 25% since Nov. 5.

Ether (ETHUSD), the native cryptocurrency of the Ethereum blockchain, surged Monday to its highest levels in more than three months, boosted by optimism about the prospects for a favorable regulatory outlook under the Trump Administration and record inflows into recently launched spot Ether exchange traded funds (ETFs).

Donald Trump's decision to impose higher tariffs on imports may be implemented as soon as he comes to power at the White House on January 20 next year. This is the day he would ascend to power at the White House, backed by a huge mandate from the US Presidential elections, which he achieved by convincingly beating Kamala Harris, by even whitewashing her in all the key swing states.

Retail investors used the sharp dips in the market in October to add to both their lump sum equity mutual fund schemes and systemic investment plans (SIP), taking both to record highs. Investors bought equity funds worth ₹41,887 crore in October, the highest ever in a month, compared to ₹34,419 crore in September. SIP purchases amounted to ₹25,323 crore, up from ₹24,509 crore in the previous month. Debt funds saw inflows of ₹1,57,402 crore, largely from overnight and liquid funds. Strong flows and an increase in stock market valuation took the total average assets under management of the industry to ₹68.5 lakh crore, against ₹68 lakh crore in the previous month. «We have seen heightened volatility in markets with FIIs (foreign institutional investors) selling due to major global events, including the US elections. The healthy net flows is a testimonial to the resilience amongst domestic investors to continue investing in equities despite market volatility,» said Akhil Chaturvedi, executive director, Motilal Oswal Mutual Fund.

New York Gov. Kathy Hochul is considering ways to revive a program that would charge drivers a toll to enter parts of Manhattan

Elon Musk’s super PAC spent around $200 million to help elect Donald Trump

As money continues to pour into crypto following Donald Trump’s election victory, bitcoin has climbed to yet another record high

Allan Lichtman had actually predicted a win for Kamala Harris over Donald Trump back in the month of September using his ‘Keys to the White House’ model which consisted of 13 true or false questions. According to Business Insider, following the victory of Donald Trump, Allan Lichtman faced severe backlash which included death threats, doxing, swatting attempts and intimidation. More than that, he has already reported two attempts of breaching his home which eventually prompted police involvement. Also Read: Mission: Impossible 8: The Final Reckoning’s release date, trailer, cast and storyline