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Stock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Nasdaq entered correction territory. Fears that Democratic victories could slow AI data-center expansion triggered heavy losses in Nvidia, AMD, Micron and other technology stocks, wiping out Wednesday's gains.
JPMorgan Chases banking relationship with the late sex offender Jeffrey Epstein will be probed by the Democrats after they take control of Congress early next year, a report said. The Democrats on the Senate Finance Committee want to know how top executives at JPMorgan dealt with Epstein. Senator Ron Wyden will chair the panel in January next year.
A record 769,000 Americans now have $1 million in their 401(k). Heres how much they save
As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.
Democrats midterm win sends shockwaves through Wall Street! Nasdaq crashes 5% as AI stocks tank
JPMorgan stock (JPM) today: JPMorgan stock fell 4% on Thursday after a report said Senate Democrats are planning to investigate the banks past relationship with Jeffrey Epstein. The proposed probe could examine decisions made by senior executives, including wealth management chief Mary Erdoes, as other major bank stocks also declined.
Paraguayan president Santiago Pena impeached minutes after resigning following bank collapse
The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asuncion.
The fund that created the most wealth in 10 years was a plain S&P 500 ETF: $263 billion
The iShares Core S&P 500 ETF (IVV) generated the most shareholder value over the last 10 years. According to a Morningstar report, it created $263.1 billion in wealth for investors. Meanwhile, the Invesco QQQ Trust (QQQ) followed with $195.2 billion created for investors. Conversely, the ProShares UltraPro Short QQQ (SQQQ) lost $10 billion during the same decade. Smaller funds often struggled with losses due to market conditions and high-risk categories.
SanDisk stock crash deepens: Why did SNDK fall 19% today, wiping out 36% in six trading days?
SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on Chinas CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.
The Nov. 915 horoscope singles out Cancer, Virgo and Libra for potential gains in money and work.Cancer could find a partner for a stalled project, while Virgo may feel ready to ask for better pay.
Bombay HC directs inclusion of six Goa family members in voter list during SIR
The Bombay High Court affirmed that the Representation of the People Act remains effective during the electoral rolls revision process. It directed the Electoral Registration Officer of Santa Cruz to include the family names in the voter list. The family had applied for a change of address, but their request was initially denied. Following multiple rejections from electoral officials, the court intervened to ensure their voting rights.
Spike protein from COVID vaccine stays in body: Dr McCullough drops bombshell in Allison Inquiry
3,600-vote twist! Trumps DOJ ready to 'take down' Peltola in Alaska if real Dan Sullivan loses
US Secretary of State Marco Rubio may be preparing to resign from Trump administration to run for president in 2028, a report said. Around five members from Donald Trumps cabinet could leave the administration. The officials may quit after the public backlash over the rise in energy costs. The White House and the State Department have strongly denied the report.
Deportations will continue: Mullins blunt warning as Dems target ICE after sweeping midterms
QQQ stock: Invesco QQQ Trust fell more than 5% toward $655 on Thursday as investors sold technology and semiconductor stocks following the US midterm elections. Qualcomm's disappointing chip sales and concerns over AI data center spending added to the pressure, even as QQQ increased its holdings in Nvidia, Apple and Microsoft on Tuesday.
Paraguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, including pensioners, unable to access their money. The crisis triggered protests, an impeachment push and accusations of political favouritism against Pena, whose own Colorado Party backed his removal.
Trump admin held talks with Iran on deporting Iranians during war, court documents show
President Donald Trump's administration engaged in secret discussions with Iran about deporting Iranians while the war continued. Court documents reveal that the administration planned to deport Iranians via a third country. The judge demanded the government provide notice of any deportation plans involving Iranians. A lawsuit alleges that immigration agencies shared confidential information with the Iranian government, risking the lives of many individuals.
'Humanity over war': Melania Trump makes emotional appeal to Russia, Ukraine | Oleshky ceasefire
'Humanity over war': Melania Trump makes emotional appeal to Russia, Ukraine | Oleshky ceasefire
Novembers Beaver Moon turns full on Tuesday, Nov. 24, and is best viewed as it rises in the northeast around sunset.Find a spot with a clear view of the horizon and check your local moonrise time before heading out.
'A beautifully American story': El-Sayed's historic Senate victory resonates with Muslim Americans
Abdul El-Sayed's recent election to the U.S. Senate signifies a notable milestone for American Muslim political engagement. Despite facing anti-Muslim rhetoric during the campaign, he won support for his policies and values. His victory is viewed as a rejection of hate and discrimination against Muslim Americans. Residents of Dearborn expressed pride in seeing an individual representative of their community elected to office.
Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI investments can deliver enough returns.
'Su*k it, Jonathan!': Hasan Piker vs. ADL chief over election night streaming; DSA faces backlash!
The race in Colorado's 4th District is heating up as Lauren Boebert trails Democrat Eileen Laubacher by just over 2,500 votes, with most ballots tallied. This close contest could signal an important transformation in Colorado's political landscape, traditionally dominated by Republicans. With increased Democratic voter involvement noted in other areas, both candidates remain vigilant as they await the final results to determine their next steps.
Bitcoin (BTC USD) price crash today: Bitcoin has fallen back toward $76,000 after failing to hold its recovery above $80,000. A sell-off in technology stocks added to the pressure, while nearly $370 million in leveraged crypto positions were liquidated in about an hour. Traders are now watching the $75,000 level.
MU stock price today: Micron stock is falling as Wall Street faces a sharp selloff in technology shares. The Nasdaq dropped 3.72% on Thursday, while the Dow and S&P 500 also lost more than 2%. Nvidia and Tesla shares fell sharply, adding to the pressure on chip stocks. Micron faces another problem; a reported halt to its $4.5 billion Taiwan plant has raised fresh questions about its future AI memory production.
LIVE | Melania Trump's surprise diplomatic move! Russia, Ukraine come together | Oleshky ceasefire
Brandon Gill is the future! Republican congressman celebrated after blue wave fails to stop him
Putin special envoy speaks at White House event on Oleshky ceasefire brokered by Melania Trump
At a White House event, Kirill Dmitriev recognized Melania Trump's efforts in securing a ceasefire in Oleshky. He mentioned that Russian President Vladimir Putin had personally instructed the operation. The ceasefire was signed on October 23 and involved representatives from both Russia and Ukraine. The event was organized to honor the humanitarian role played by Melania Trump. Dmitriev also conveyed Putin's gratitude for her contributions to the peace efforts.
Texas $1,500 Checks: Will lawmakers back Governor-elect Gina Hinojosas plan and who could qualify?
Texas Governor-elect Gina Hinojosa wants to send a one-time $1,500 check to every household in the state. Her plan would draw billions from the states emergency reserve and needs approval from Texas lawmakers.
Trump cries foul as Democrats' midterm sweep deepens, Republicans face 'extinction-level event'
US President Donald Trump questioned election results in Alaska even as Democrats extended their historic midterm gains, with Mississippi emerging as another potential Senate breakthrough. Republican losses across traditional strongholds have reshaped Congress, while Florida Governor Ron DeSantis described the party's electoral setback as an extinction-level event.
'Abdul's election means so much': Mamdani hails El-Sayeds historic Michigan Senate win | WATCH
Hell be a popular Senator!: Trump to dump Hegseth after midterm wipeout? Backup plan 'revealed'
NVDA stock price today: Nvidia stock has come under fresh pressure amid concerns that data center restrictions could slow AI infrastructure spending. Shares fell below $200, but analysts remain bullish, with average price targets pointing to significant upside ahead of the company's November 17 earnings report.
US stock market crash today: The Dow, Nasdaq and S&P 500 are all trading in the red, while some of the biggest semiconductor stocks are losing ground. Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) are among the hardest hit, with Western Digital and Seagate also extending their losses. Qualcomm's weaker revenue and cautious outlook have added to concerns about chip demand. But why are AI and memory chip stocks falling so sharply?
Iran FM Abbas Araghchi holds phone talks with Saudi counterpart: State media
The two regional powerhouses restored ties in 2023 after a freeze but have been at odds over the war in Yemen, where the Houthis are fighting the Saudi-backed internationally recognised government and have repeatedly launched attacks on the kingdom.
Russell Brand has been convicted of rape and sexual assault after a detailed three-week trial at Southwark Crown Court. The jury reached a unanimous verdict based on testimonies from six women concerning events spanning a decade, from 1999 to 2009. Brand, who maintains that his sexual interactions were consensual, is now awaiting sentencing that may lead to a significant prison sentence.
Gadi Eisenkot has surpassed the parliamentary threshold by gaining 67 endorsements to form Israel's government. His endorsements come after consultations with President Isaac Herzog and include support from various opposition groups. Meanwhile, Prime Minister Benjamin Netanyahu's support dwindled to 46 as his traditional ally abstained from endorsing him. The decision by United Torah Judaism highlights growing frustration over unfulfilled promises regarding military exemptions.
Developing nations' debt hits record $9.4 tn in 2025
Guy Fawkes Day 2026: Who was Guy Fawkes? Here's why November 5 is observed as Bonfire Night
Guy Fawkes Day is observed on November 5 to commemorate the Gunpowder Plot of 1605. Guy Fawkes along with a group of other conspirators tried to blow up the Houses of Parliament. The plot to kill the Protestant King James I was foiled. The day is now known as Bonfire Night. It is celebrated with fireworks, bonfires and effigies.
US proposes space launch rule changes, vows regulatory overhaul
The Federal Aviation Administration is planning regulatory changes for commercial space launches and re-entries. It aims to facilitate at least 1,000 launches annually by the year 2030. These proposed adjustments include updating definitions about mandatory flight aborts and clarifying associated requirements. Last year saw only 178 launches, with significant involvement from SpaceX. This overhaul signals a major shift in the regulatory landscape for commercial space activities.
Cristiano Ronaldo has officially announced his retirement from the Portugal national football team after an illustrious career. He played 234 international matches, scoring a record 146 goals throughout his time representing his country. Ronaldo has built a notable property portfolio in Portugal, including a luxury apartment in Lisbon. His ties to Madeira are evident in a seven-storey building where his family resides.
'Biden pardoned thousands': AG Blanche fires back at reporter grilling him over Trumps Jan. 6 riots
Cristiano Ronaldo announced his retirement from international football after 23 years with Portugal. His decision followed a disagreement with coach Jorge Jesus, leading to a 30-day suspension. Ronaldo expressed his emotional farewell on Instagram, reflecting on his time representing Portugal. He leaves behind a significant legacy, including a record 146 goals in 234 matches. Despite retiring from international football, he will continue his club career at Al Nassr.
A Texas family's vision for conservation transformed their cave into the Eckert James River Bat Cave Preserve in 1990, eschewing fertilizer extraction. Annually, about 4 million female Mexican free-tailed bats find refuge here, utilizing the site as their maternity colony during the crucial breeding season from May to September. Dedicated research and management initiatives strive to protect this critical habitat and deepen understanding of bat population dynamics.
Explainer: What do we know about the wave of bomb threats against flights in Europe?
Airlines in Europe have experienced a series of coordinated bomb threats this week, prompting security responses and flight diversions. Many threats were communicated via anonymous emails, but none have proved genuine so far. The risks associated with such threats can disrupt airline operations significantly and lead to financial costs. Aviation security officials emphasize the need to treat every threat seriously until proven otherwise.
Voters in South Carolina, Ohio and Michigan elected Democrats who have criticized Robert F. Kennedy Jr.s health policies. Their wins put the Medicaid program and federal health oversight in the spotlight.
A heartwarming act in Pocahontas County, Iowa, sees neighbors John and Sally Pascal team up with Gail Ewan to donate land for a new 21-acre conservation area. Their contributions to the Iowa Natural Heritage Foundation are a testament to community spirit, ensuring the land remains untouched for wildlife and outdoor enjoyment. This initiative not only serves wildlife but also reinforces a legacy of conservation for the community's future.
A significant storm is moving eastward, affecting communities along the East Coast with heavy rainfall. Flood risks have already been reported in Tennessee and Georgia due to intense downpours. Predictions show over an inch of rain could impact the I-95 corridor, with some areas possibly receiving up to three inches. Meanwhile, evacuations are underway in flooded regions to ensure resident safety.
'Vance asking for 2 more years': Mamdani berates VP for belittling Americans' affordability crisis
'Vance asking for 2 more years': Mamdani berates VP for belittling Americans' affordability crisis
US weekly jobless claims at 57-year lows amid low layoffs
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 196,000 claims for the latest week.
Kremlin denies Russia role in fridge cyber attacks
The Kremlin has denied accusations of being behind recent cyberattacks on supermarket refrigeration systems across Europe. Grocery stores in numerous European countries experienced significant issues with fridge temperatures, leading to massive food wastage. European Union officials have suggested that these attacks may be a deliberate attempt to disrupt food supplies. This accusation follows increased concerns regarding Russian cyber activities since the ongoing conflict in Ukraine began.
European Union Transport Commissioner Apostolos Tzitzikostas expressed concern over recent hoax bomb threats affecting flights in Europe. Many budget airlines were targeted, with investigations ongoing to determine the source of the threats. Multiple countries reported threats that prompted increased security measures and emergency landings. All affected flights were able to land safely after thorough inspections confirmed no explosives were present.
For Americans who were counting on Donald Trumps promised $5,000 payment, the midterm election result has raised a big question; will the money still arrive? Trump had promised every adult US citizen a $5,000 check if Republicans retained control of both the House and Senate. That condition has now fallen apart. Democrats have won the Senate and are close to securing a House majority.
Italy's Meloni warns Europe risks irrelevance in Ukraine peace talks
Italian Prime Minister Giorgia Meloni expressed concern over Europe's fragmented approach to Ukraine peace negotiations. She highlights that differing diplomatic initiatives reduce Europe's credibility on the global stage. Meloni emphasizes the need for the EU to appoint a single representative with a clear mandate for negotiations. She insists on addressing this matter at the upcoming informal European Council in Dublin.
'It's over after three decades': Maine turns the page! Troy Jackson defeats longtime Senator Collins
Cristiano Ronaldo has announced that the legendary player has retired from the international football on Thursday. The 41-year-old player told in a video message on social media that he is retiring from wearing the number 7 jersey for his country Portugal. Cristiano Ronaldo was born on February 5, 1985. His parents are Maria Dolores dos Santos Viveiros Aveiro and Jos Dinis Aveiro. The star has three siblings and five children.
'Defeated cult of MAGA in America': Jamie Raskin fires warning at Trump after blue wave
Israeli Prime Minister Netanyahu's position weakens as ultra-Orthodox party withholds support
Israel's October 27 election ended in deadlock with neither Benjamin Netanyahu nor his chief political rival Gadi Eisenkot securing a clear path to a majority in Parliament
A newly established wildlife hospital in Thailand aims to enhance medical care for rescued animals facing injuries and threats from exploitation or illegal wildlife trade. This state-of-the-art facility will cater to various needs, including emergency treatments and rehabilitation. Long-term care is also available for animals that cannot return to their natural habitat, highlighting the importance of ongoing funding to sustain its vital operations.
Laika became the first animal to orbit Earth when the Soviet Union launched Sputnik 2 in November 1957. While the mission made history, the stray dog died just hours after liftoff. A Russian scientist revealed the actual circumstances of her death in 2002, challenging the Soviet Union's earlier account of the mission.
Is Dianna Russini making a comeback? Former NFL reporter sparks buzz with possible career comeback
Dianna Russini is set to make a triumphant return to sports journalism with the launch of a new digital show slated for next week. This exciting program promises exclusive interviews with NFL players and coaches, signaling her strong comeback. Backed by supportive colleagues in the sports media realm, Russini is eager to put past controversies behind her and re-establish her presence in sports reporting after her resignation from The Athletic.
For a 65-year-old with a traditional IRA of $600,000, adopting Warren Buffetts 90/10 investment strategy is a practical choice. This approach allows for a balanced monthly withdrawal that integrates Social Security and IRA funds. By allocating 90% to S&P 500 index funds and 10% to Treasury bills, one can ensure withdrawal stability.
Democrats will take control of Congress in January and with U.S. gas prices still above $4 a gallon as of November 4. Their strongest option may be to use spending talks to pressure Donald Trump over the Iran war. Whether drivers see much relief could depend on what happens in the Strait of Hormuz.
Chinaberry trees, initially brought to the Southern U.S. in the 1830s for their beauty, have proliferated extensively. These invasive species create dense thickets that block sunlight, hindering the growth of native plants in ecosystems across Georgia and South Carolina. This situation underscores the urgency of managing ornamental plants wisely, emphasizing the need for vigilant monitoring and prompt removal to protect the health of our forests.
Netanyahu's position weakens as ultra-Orthodox party withholds support
Benjamin Netanyahu's political situation diminished after an ultra-Orthodox party did not endorse any candidate. Meanwhile, an Arab-led party expressed support for Gadi Eisenkot, Netanyahu's chief political rival. Israel's President Isaac Herzog is set to meet both candidates to assess their potential for forming a government. The recent election resulted in a deadlock, with neither candidate achieving a clear parliamentary majority.
Italy says open to change planned 'exit tax' on the rich, after criticism
Italy's Deputy Economy Minister Maurizio Leo indicated that there may be changes to the proposed exit tax. This tax imposes a 26% levy on wealthy individuals transferring their tax domicile abroad. The levy applies to those holding financial investments exceeding 800,000. Criticism from tax experts and financial advisers has prompted discussions on the tax's structure. The government is open to dialogue regarding alternative proposals to the exit tax.
Chinese President Xi Jinping likely to skip ASEAN Summit in Manila: Report
Chinese President Xi Jinping is expected to skip the 49th Association of Southeast Asian Nations (ASEAN) Summit and Related Summits in Manila, with Chinese Premier Li Qiang likely to represent Beijing at the regional gathering, according to a report by The Manila Times. The Philippines' Department of Foreign Affairs (DFA) shared this information on Wednesday while responding to reports about Xi's expected absence from the annual summit, which the Philippines is hosting this year. On the questions regarding the representative of China for Asean Summits, it is the Chinese Premier (Premier Li Qiang) who attends the Summits, not President Xi, DFA Assistant Secretary Dax Imperial said in a text message, according to The Manila Times. Dax Imperial, who is also the DFA spokesperson on ASEAN affairs, said that China had followed this practice in recent years, with Li customarily leading the Chinese delegation to ASEAN-related summits. However, he clarified that Manila was yet to receive form...
Bank of England raises rates for first time since 2023, says more may come
British inflation is likely to reach around 5% in the middle of next year, the BoE said, more than double the central bank's target and a blow for new Prime Minister Andy Burnham who has sought to ease of cost of living pressures.
UK PM won't invite Putin to Britains G20 summit
Cristiano Ronaldo International Retirement: Will he also retire from professional club football?
Cristiano Ronaldo has announced on Thursday that the soccer player is retiring from international football. He is leaving behind an impressive career with Portugal. He has had a record number of appearances and goals. The 41-year-old star has had an incredible career. He has won five Ballon dOr awards. The footballer has a rags to the riches story.
Eisenkot tipped to seek Israel government as religious party drops Netanyahu
Gadi Eisenkot is emerging as the potential candidate to form an Israeli government following recent elections. President Isaac Herzog is consulting with political parties to select an appropriate candidate. Netanyahu's typical support group, United Torah Judaism, declined to recommend him for prime minister. Eisenkot has received support from the Raam list, including Arab-Israeli lawmakers. The political dynamics remain fluid, with no leader having secured a majority yet.
Putin will not be invited to Britain's G20 summit, UK PM Burnham says
British Prime Minister Andy Burnham said Russian President Vladimir Putin would not be invited to next year's G20 summit in Britain, according to comments reported by a reporter from The Economist on Thursday. When asked by The Economist reporter if Putin
US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty
As US tariffs on Canadian kitchen cabinets are set to double to 50%, the industry faces significant challenges. Companies like Cabico are considering relocating production to the US to mitigate costs. Many cabinet manufacturers have experienced reduced shipment volumes and workforce cuts due to tariffs. The Canadian government has proposed a provisional 25% surtax, but manufacturers want stronger measures.
In a heartfelt tribute to their ancestors, the Pierson family from Connecticut has gifted nearly 100 acres of lush forest land, which is now incorporated into the Burnham Brook Preserve. Open to the public year-round, this preserve underscores the family's longstanding commitment to conservation, dating back to 2008. Studies highlight the health benefits of connecting with nature, and visitors are invited to explore, respecting the area's preservation guidelines.
Multiple flights in Europe diverted because of bomb threats after earlier hoaxes
Several flights across Europe were diverted and made emergency landings due to bomb threats received recently. Airports in Prague, Sofia, and Evreux were among those involved in these emergency responses. Inspections revealed no hazardous materials on board the flights after their safe landings. Authorities suspect these incidents may be hoaxes linked to heightened geopolitical tensions in the region.
The price of gold is on the rise again. The precious metal has reached to its highest level in over two weeks on Thursday. The jump in the bullion prices has been witnessed after the US midterm election results. The spot gold has increased by 1.6% to $4,124.89 per ounce by 0752 GMT.
Japanese climbing ferns, introduced for ornamental purposes, have proliferated across southern forests since the early 1900s. These ferns pose risks to native plants by causing shading and competing for resources. Fire crews are concerned about their ability to facilitate crown fires in pine plantations. While fire can damage the ferns, it is ineffective for complete control, necessitating early detection efforts.
In a groundbreaking study, scientists have engineered starfish egg cells to respond to light stimuli, allowing them to dynamically alter their shapes. These cells can morph from elongated squares to contracted forms depending on the intensity of light exposure. This innovative research opens doors for potential advancements in synthetic biology, including tissue repair and targeted drug delivery systems that activate precisely where needed.
In a groundbreaking study, Cornell University researchers evaluated agrivoltaics in Albany, New York, focusing on crops like radishes and radicchio. Their findings revealed that solar panel shading led to considerable reductions in light and biomass. With agrivoltaic land usage in the U.S. having more than doubled since 2020, they advocate for strategic adjustments in planting schedules and crop choices to optimize synergy between agriculture and solar energy.
Initially introduced to the U.S. in the 1930s to alleviate soil erosion caused by the Dust Bowl, weeping lovegrass rapidly expanded across vast areas of Oklahoma and Texas, proving valuable to ranchers seeking forage. However, this once beneficial species turned invasive, jeopardizing the survival of native plants. This situation serves as a poignant reminder of how immediate solutions can inadvertently lead to sustainable ecological challenges over time.
US Midterm Elections 2026: Who are Pia Dandiya, Ro Khanna and other Indian-American candidates?
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
Bangladesh's ousted premier Hasina tells the AP she will return from exile in December at any cost
Former Prime Minister Sheikh Hasina intends to return to Bangladesh from exile in India next month. She has been sentenced to death for her government's actions during a crackdown on protests. Hasina expressed her willingness to face arrest and possible imprisonment upon her return. Her political party continues to face significant challenges under the current administration. Concerns have been raised about the rising influence of radical groups in the country.
Morning again in America: Mamdani celebrates Democratic midterm sweep, says 'it's time to deliver'
'We've already begun the work': Lance Bottoms becomes 1st black woman elected governor of a US state
'We are waiting: Congress' Pawan Khera on Rahul Gandhis challenge to debate PM Modi
'No illegal immigrants found in SIR': Owaisi takes dig at BJP Telangana Chief's Hyderabad remark
Iran's Hamid Sadeghnejad claims US defeat; protesters burn Trump posters, American Flag
Arab parties extend a hand to try and topple Netanyahu, but challenges remain
Arab lawmaker Ahmad Tibi mentioned the Joint List's potential partnership with Jewish parties to oust Netanyahu. This collaboration could alter decades of Israeli political traditions and dynamics. The Joint List seeks to influence outgoing government decisions while remaining outside its administration. Netanyahu's opponents face a dilemma regarding the inclusion of Arab parties due to historical mistrust.
The midterm verdict on Trump's economy
Washington: President Donald Trump was publicly humbled by inflation in Tuesday's midterm elections, as rising prices provoked a blistering set of losses for Republicans in House, Senate and gubernatorial races.Most voters said that Trump's own policies had smothered growth and drove costs even higher, according to The AP Voter Poll, a survey of roughly 100,000 midterm voters.Also Read: Democrats vow bill to end Iran war after midterm sweepThe president's message that the fault lay with his predecessor, Democrat Joe Biden, didn't land. Americans saw prices start to climb with Trump's chaotic rash of tariffs last year, and energy costs spiked after he launched a war with Iran in February.About two-thirds of voters said Trump's own policies had fueled inflation. By contrast, only about half of 2022 midterm voters said this about Biden's policies, according to AP VoteCast.Voters in states from California to Mississippi were broadly in agreement that Trump's taxes on foreign imports have done more harm than good.The election results matched what voters had been telling pollsters for months, but Trump had campaigned with a decidedly deaf ear.I've done a great job, Trump said at one of his final midterm rallies in Iowa. Prices are coming way down.Voters have buyer's remorse with TrumpDemocratic victories in Tuesday's midterms signaled that most voters don't believe the economy or Trump is working for them.Consumer prices are up 3.7% over the past 12 months, compared to an inflation rate of 3% when Trump began his second term. The president told reporters on Wednesday that the Iran war drove the gasoline up a little bit short-term, but he felt the choice to fight Iran was worth it because of its push for nuclear weapons. If I had to do it again, I'd have to do it again, he said.There is no guarantee that a House and Senate with a Democratic majority can fix an economy pestered by uncomfortably high inflation. Trump and Congress would likely need to work on a bipartisan basis, or simply keep the economy stable enough to allow the Federal Reserve to ratchet down inflation through its setting of interest rates.But voters did prefer Democrats to the status quo of a president who could govern with little to no congressional pushback from Republicans.About 9 in 10 voters said the cost of living was a crucial or major factor in their vote for Congress. And about 6 in 10 of this group backed Democratic candidates in their local House races.The economy is still growing, but AI is a source of fear instead of hopeThe underlying economy is stronger than many Americans think, with the S&P 500 stock index up more than 10% so far this year and the unemployment rate at a healthy 4.2%. Investors greeted the news of Democratic wins as a positive with stocks up on Wednesday.Still, the major driver of growth has been the buildout of artificial intelligence - a boom that Trump has actively stoked by refusing to codify more aggressive federal oversight.Voters don't share Trump's optimism about AI, which he has renamed super intelligence in federal documents.Instead of buying the arguments that AI would increase productivity and accelerate growth, about 6 in 10 voters said AI will do more to hurt society.The technology could displace workers as jobs get automated or it could be a financial bubble that if popped could wreak havoc on retirement savings. Despite the anxiety, only about one-quarter of voters said AI was a crucial factor.Wealth isn't trickling down to the middle classTech billionaires such as Meta's Mark Zuckerberg, Nvidia's Jensen Huang and Elon Musk have become frequent guests of Trump, attending state dinners or jetting aboard with the president. But the growing concentration of wealth has been disconcerting for voters.Nationwide, about 7 in 10 voters said the economy favors the wealthy, while only about 3 in 10 said it's fair to everyday Americans. The wealth gap has become so extreme that even a majority of voters with a 2025 household income of $300,000 or more in the tech-heavy state of California felt the economy was tilted toward the rich.Still, a slight majority of voters across the country had a somewhat or very favorable impression of capitalism, compared to about one-third who strongly or somewhat favor socialism.But the election suggested that voters believe the government should use its heft to help reduce the cost of healthcare. About 6 in 10 said they wanted the government to play a igger role in addressing medical expenses. Most voters said Trump's policies have made healthcare costs worse.Trump caught in a trap with votersHow voters felt about the overall economy generally depended on the size of their paychecks. While Trump campaigned on stats suggesting record low poverty, the working poor saw their own finances as crumbling.For those earning less than $50,000 a year, about 6 in 10 said they were worse off now than they were two years ago before Trump became president.People with higher incomes felt better about the economy, but that created a different problem for Trump. Higher-income voters were more concerned about the state of American democracy, and voters focused on democracy overwhelmingly broke for Democrats. Without congressional approval, Trump laid off thousands of federal workers, altered federal spending and imposed hundreds of billions of dollars in new tariffs that the Supreme Court earlier this year ruled were illegal.About 4 in 10 households with 2025 household incomes above $200,000 said that democracy was their top issue, putting the issue about even with the economy. Voters in most lower-income categories, on the other hand, clearly prioritized the economy.Overall, a slim majority of voters said government corruption was a crucial factor for their vote, while about half said this about high prices. Higher-income voters were much less likely than lower-income voters to see high prices as a key factor.What most voters took away from the past 22 months of Trump's presidency was that he brokered deals, took government stakes in private companies and acted in ways that put him at the center of the economy instead of America's workers.Most voters - about 6 in 10 - said Trump's priorities were misplaced.When voters were asked if Trump fought for people like them, most said he didn't.
