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Elon Musk’s nearly half a billion dollars in midterms spending was a flop

1 week 1 day ago

The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidates

Elon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections. It turned out to be a poor investment.

The SpaceX and Tesla CEO contributed at least $446m to Republican-aligned Super Pacs and groups over the course of the elections, specifically targeting several key Senate races in an effort to help the Trump administration retain Republican control of Congress. He outdid his own 2024 spending of nearly $290m. Yet as Democrats swept to power across the country on Tuesday night, it became clear that Musk would get nearly nothing in return for his hundreds of millions in spending.

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Thai Stock Market Tipped To Open In The Green

1 week 1 day ago
(RTTNews) - The Thai stock market on Wednesday ended the six-day losing streak in which it had tumbled more than 85 points or 5.5 percent. The Stock Exchange of Thailand now sits just above the 1,500-point plateau and it's expected to open to the upside again on Thursday.

Thai Stock Market Tipped To Open In The Green

1 week 1 day ago
(RTTNews) - The Thai stock market on Wednesday ended the six-day losing streak in which it had tumbled more than 85 points or 5.5 percent. The Stock Exchange of Thailand now sits just above the 1,500-point plateau and it's expected to open to the upside again on Thursday.

Why the Senate race in Alaska takes so long to count

1 week 1 day ago
Alaska is one of the two states that still has yet to hear a decision on who their next Senator will be. NBC News' Steve Patterson is in Alaska and explains why the state may take a little longer to hear an official call. 

Des Bishop on China's Comedy Boom and Censorship

1 week 1 day ago
Stand-up comedy is booming across China, trailing only cinema as the country's second-largest theater category, according to state media. Many credit American comic Des Bishop with sparking the trend over a decade ago after he moved to Beijing, learned Mandarin from scratch, and built a stand-up routine that helped lay the groundwork for today’s scene. Bloomberg’s Stephen Engle met with Bishop in Hong Kong to discuss the industry's evolution. (Source: Bloomberg)