International Business Times

Democrats' Resounding Win In The Midterms Removed Political Uncertainty. Stocks Soared.

The Dow jumped 3.14%, while oil prices plunged as President Trump and Vice President Vance acknowledged the Iran war's role in the Republican defeat.

JD Vance Blamed the Iran War for the GOP's Midterm Rout. Oil Prices are Plunging.
Trump Concedes Iran Played A Role In GOP Midterm Defeat, But Doesn't Regret It: 'I Did The Right Thing'
Democrat Gains In Midterms Prompt 'Cautious' Optimism Amongst Some International Leaders. Others Are Apprehensive.

JD Vance Says Iran War Was The Reason Why For The GOP's Electoral Rout: 'Everyone Knows'
Trump also acknowledged that the war played a role but said he doesn't regret the decision.
Democrats Could Challenge Trump's Iran War After Midterm Sweep. A Previous Senate Vote Failed By Just One Vote.
The new Congress will take office on Jan. 3, giving Democrats control of the committees responsible for overseeing military spending and questioning administration officials about the conflict.
The Democrats Have Won The House And The Senate After Defeating GOP In Several Republican Strongholds
Democrats are projected to control both chambers of Congress after flipping Senate seats in several Republican strongholds, including Texas and Kansas, where the GOP has dominated for decades. Voters named concerns about democracy, the Iran war and the economy as key issues on election day.
Iran Says Americans Voted 'No To War.' Tehran Has A Warning For Trump After The Midterm Defeat.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Democratic gains in the U.S. midterms reflected opposition to Trump's Iran war, while Trump blamed fuel prices and economic concerns.
Musk Rues Republican Defeat In Midterms. Doubt Over The Future Of His Companies In Texas Is Growing.
Elon Musk joked about Republican losses after spending nearly $500 million supporting GOP candidates, including Texas Senate candidate Ken Paxton, whose defeat to Democrat James Talarico could cast doubt over Musk's companies' future in the Lone Star State.
Top Democratic Rep. Warns Trump As Party Moves To Retake The House: 'Lawyer Up'
Garcia said Democrats will investigate alleged corruption, abuses by DHS and ICE, and the handling of the Epstein files once they control the House.

Wall Street Futures Plunged After Democrats Swept Congress. Then They Staged A Rebound.

Nasdaq-100 futures fell as much as 2.4% as the election results came in, while S&P 500 futures dropped 1.4%.

Press Release

Economy in Focus

Americans Voted For Trump To Fix The Economy In 2024. Now 44% Say They're Financially Worse Off.
Democrats regained control of Congress as exit polls showed widespread financial dissatisfaction, with only 18% of voters reporting an improvement in their finances since 2024.
- Trump Concedes Iran Played a Role in GOP Midterm Defeat, But Doesn't Regret it: 'I Did The Right Thing'
- Musk's Midterm Bet Did Not Pay Off. His Companies' Stocks Are Plunging.
Wall Street Is Trading Near Record Highs. The Richest 1% Own More Than Half Of America's Stock Wealth.
As major U.S. banks prepare to report quarterly earnings, fresh attention is falling on who owns the financial assets benefiting from Wall Street's rally.
- S&P 500 Profits Set To Surge More Than 30% In Q3 With AI Giants Dominating Growth
- SpaceX Could Borrow $40 Billion For Nvidia Chips As Musk Makes A Massive New Bet On AI. Its Stock Fell.

Crypto Groups Spent $63 Million To Stop Sherrod Brown. Ohio Voters Sent Him Back To The Senate.

Sherrod Brown defeated Jon Husted despite more than $63 million in crypto-backed spending against him, potentially complicating the industry's efforts to advance digital-asset legislation.

Contributor

How Jorge Torres Is Building Interlink Trade Services' Next Chapter in Cross-Border Trade

Interlink Trade Services' founder is combining trade expertise, investment in technology and team development as customers navigate more complicated cross-border decisions.

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Alex Moye Built the MIDI Controller He Could Not Buy
The Florida civil engineer waited four years for a US patent on MOD POD and has since built an operation spanning Amsterdam, China, UK, India, and Dubai to bring it to market.
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Why Ross Levy Believes Hands-On Building Experience Still Matters in the Age of AI
San Francisco architect Ross Levy discusses how construction experience, art, AI and environmental research shape his studio's approach to designing buildings rooted in place.