A stock-rotation trade fueled by the US midterm elections has swept Asia. Mehvish Ayub, Head of Managed Solutions Advisory Dubai at Bank of Singapore spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa. (Source: Bloomberg)
In this episode of The Deal, Alex Rodriguez and Jason Kelly talk with the Atlanta Dream’s Renee Montgomery about why she decided to retire from the WNBA to co-own the team.
(Source: Bloomberg)
Democrats’ success was helped by popular anger over tech, AI and the super rich – life for billionaires could become much more difficult
The photo of Silicon Valley centi-billionaires at Donald Trump’s inauguration – Musk, Bezos, and Zuckerberg, front row and side by side – now looks like a hitlist for a blue Congress hellbent on making life difficult for billionaires.
The picture symbolized at the time the bending of the knee by the richest men in the world to its most powerful, a symbiosis of the ultra-rich. Already unfathomably wealthy, Silicon Valley tycoons believed a Maga-sized public shift to the right would enrich them even more. It did. For several years, while Trump seemed an everlasting kingmaker and AI’s expansion seemed unstoppable, their fortunes ballooned to values beyond comprehension. Elon Musk’s surpassed $1tn.
Administration had waged aggressive bid to sow doubt about midterms results but worst fears were not realized
In the months leading up to the midterm elections, Donald Trump’s administration waged an aggressive effort to sow doubt about the results, intimidate voters and election officials, and signal they would use the power of the federal government to challenge the electoral process.
But when the results came in Tuesday night, revealing a massive blowout for the GOP, Trump did something almost unprecedented: he accepted the results. Trump said he was “absolutely willing” to accept the outcome and looked forward to working with Democrats. With the exception of the 2024 election, which he won and Republicans performed well in, Trump has raised doubt about every presidential race and midterm since his first election in 2016.
The Nordic region should create a single public market for stocks and other securities to attract more international capital and keep its most promising companies from pursuing listings in the US, according to the Nordic Compass business alliance.