Scan to Download
Donald Trump has become the oldest President in US history, winning a second term at the age of 78. Despite surviving two assassination attempts during his 2024 campaign, he has received the necessary support from American voters to return to the White House. In doing so, he defeated Democratic candidate Kamala Harris, blocking her bid to become the first woman President.
Trump’s projected win, as reported by The Associated Press, indicates he has secured at least the required 270 Electoral College votes to secure his return. This victory follows his first term from 2017 to 2021, making him the oldest person to hold the office in US history.
Commodities declined on Wednesday amid expectations that a stronger dollar and the possibility of trade disputes under a Donald Trump presidency could reduce the demand for raw materials in global markets.
Brent crude futures dropped by up to 2.5% in London, soybeans fell to their lowest in a month in Chicago, and copper led the decline in industrial metals with a 3.6% fall. Gold fell below $2,700 per ounce, according to Bloomberg report.
Donald Trump has been elected the 47th president of the United States, Associated Press, Bloomberg News and Reuters reported.
Bullish On Tesla Shares After Donald Trump Victory? How To Buy Shares Directly Abroad
Trump Win Puts Focus Back On Tesla Shares: Here's How You Can Buy
Indian-American Representative Ro Khanna has secured another term in the US House from California's 17th Congressional District. Khanna comfortably defeated his Republican opponent Anita Chen.
Khanna was elected to the US House for the first time in 2016 after unsettling eight-term incumbent Democratic Representative Mike Honda. The 17th Congressional District, located in the heart of Silicon Valley, has been a stronghold of the Democrats since 1990.
Ro Khanna at present holds positions at both the House Armed Services Committee and the Oversight and Accountability Committee of the US House.
Khanna played a key role in authoring the Endless Frontier Act, which later transformed into the expansive CHIPS and Science Act, ultimately signed into law by President Joe Biden. The Endless Frontier Act authorised $110 billion for basic and advanced technology over five years.
As Chair of the House Oversight and Reform Environmental Subcommittee, he played a key role in bringing CEOs of six major fossil fuel companies before the US Congress to testify about climate disinformation.
Click here to know more.
Heartiest congratulations my friend @realDonaldTrump on your historic election victory. As you build on the successes of your previous term, I look forward to renewing our collaboration to further strengthen the India-US Comprehensive Global and Strategic Partnership. Together,… pic.twitter.com/u5hKPeJ3SY
— Narendra Modi (@narendramodi) November 6, 2024
US Election Results: Trump Or Harris — Who Does Indian Stock Market Prefer?
"God spared my life for a reason," Donald Trump said in his address to his supporters in Florida. "And that reason is to save our country and restore America to greatness".
"The task before us will not be easy but I will bring every ounce of energy, spirit and fight," he said. "We had a great first term," he said adding that he will govern by a simple model "promises made, promises kept."
"Nothing will stop me from keeping my word and we will make America safe, strong, prosperous and free again," the former president said.
Following the outcome of the US presidential election, Republican presidential candidate Donald Trump told his supporters, "the outcome will help our country heal." Trump says that the 2024 presidential race will be the "greatest political movement ever" and that the "US has never seen anything like this."
"This is a massive victory for democracy and freedom. Together we are going to unlock America's glorious destiny," Trump said. "We are going to achieve the most incredible future for our people."
"We have a new star — Elon; he is an amazing guy," Donald Trump said in his address to his supporters in Florida. The former president and Republican candidate praised the space tech possibilities being explored by Elon Musk, highlighting the groundbreaking potential of his ventures.
Elem Elon Musk is a "special guy, a super genius," he said in his address. "We have to protect our geniuses. We don't have that many of them."
"We are going to seal up those borders. We want people to come back in, but have to come in legally," former President Donald Trump said in an address to supporters. "We are going to fix our borders."
"I want to thank the American people for this extraordinary honour," former President Donald Trump said in an address to supporters in Florida as he is on track to win the Presidential race. "I will fight for every citizen of America," he said.
"We are going to fix our borders." he said in the address and added that America has given me "unprecedented" mandate.
Wall Street is poised for a strong opening on Wednesday as traders were upbeat with the prospects of the former president returning to the White House as he looks set for a victory with 28 more seats for majority.
The future contracts in the US surged on early hours of Wednesday (New York time) as Trump was on track to win with 248 votes along with key swing states.
S&P 500 futures rose by 1.8% to 5,887 while the Dow Jones futures and Nasdaq futures rose by 1.96% and 1.8% respectively.
Trump is heading to Palm Beach Convention Center in Florida to address supporters, news agency Reuters reported quoting a campaign aide.
Congrats @realDonaldTrump. You won fair and square.
— Mark Cuban (@mcuban) November 6, 2024
Congrats to @elonmusk as well. #Godspeed
Self-identified independents accounted for a larger share of voters in Tuesday's U.S. presidential election than Democrats, Reuters reported quoting Edison Research exit polling data. The share of independents were tied with Republicans, as per the data.
The independent share stood at 34% in the latest update compared with 34% for Republicans and 32% for Democrats.
It was the first time since Edison began exit polling in 2004 that independents' share of the vote has exceeded one of the two major U.S. political parties, it said.
The Indian Rupee kept hitting new record lows and fell in line with other Asian peers as the dollar continued to strengthen with expectations of former President Donald Trump returning to the White House.
The Japanese Yen fell the most by 1.2%, followed by a similar depreciation in the Malaysian Ringgit. China's offshore currency, the Singapore Dollar and Thailand's Bhat fell over 1% on Wednesday.
The dollar strengthened across the board as election updates showed Republican candidate Donald Trump leading over Democratic candidate Kamala Harris, spooking global markets. The ongoing uncertainty surrounding the US elections has exacerbated risk aversion among investors, causing capital outflows and a surge in demand for US dollars.
The former president Donald Trump won in the key swing states of Georgia And North Carolina as he leads the US election race in what was a neck-and-neck battle.
Pennsylvania, Wisconsin, Nevada, Michigan, and Arizona are the other seven swing states to watch out for as they account for 93 of the 538 electoral college votes. For a presidential contender to win, they must receive a minimum of 270 electoral college votes.
Here’s the latest data on the seven key swing states:
Arizona: In a close call, Trump led marginally with 50.9% of votes counted.
Georgia: Trump wins with 91% of the votes counted.
Pennsylvania: Trump is ahead with 51.2% of the votes counted.
Michigan: Trump leads with 59% of votes have been counted.
Nevada: Trump leads with only 5.6% of the votes counted.
North Carolina: Trump wins with 96.4% of the votes counted.
Wisconsin: Trump is ahead with 84.3% of the votes counted.
(Source: Bloomberg)
Republicans won control of the US Senate amid a slew of victories by allies of Donald Trump. This gives the GOP powerful leverage in high-stakes tax and spending battles and the final say in the next president’s executive and judicial nominations.
The GOP bagged a 51-seat majority while the democrates have secured 42 seats by fending off an unexpectedly tough challenge to Nebraska’s Deb Fischer and picked up the open Senate seat in West Virginia.
(Source: Bloomberg.)
🇺🇸🇺🇸The future is gonna be so 🔥 🇺🇸🇺🇸 pic.twitter.com/x56cqb6oT5
— Elon Musk (@elonmusk) November 6, 2024
Indian companies are poised to react as the US presidential election nears an end with the Republican candidate leading the race.
A 'Trump trade' has seen the Street betting big on equity as it is widely believed that his coming back to power will propel the stock markets further.
But if the vice president gets to the White House, there will be unwinding of the 'Trump trade'. The Treasuries will rally with yield falling and the dollar will correct significantly to give up recent gains.
All the action in the US will have an impact on Dalal Street, with stocks in sectors like information technology, pharma and renewables likely to react strongly to the election results.
Read here to know the detailed impact on Indian Stocks: Indian Stocks, Sectors That May Be Impacted In Trump Vs Harris Trade
Democrat candidate and Vice President Kamala Harris won California and its 54 electoral votes, Bloomberg reported quoting Associated Press.
Since 1992, the state has supported a Democratic presidential candidate in each election, including the 2020 one for Joe Biden. Harris formerly served as San Francisco's district attorney, state attorney general, and one of California's two US senators.
(Source: Bloomberg.)
The Republican candidate Donald Trump is on track to win the US Presidential race as news agencies called key states in his favour including the swing state of North Carolina.
Trump has won in crucial states like Florida, Tennessee, and Oklahoma, according to news agency Associated Press. Meanwhile, states like Maryland, Rhode Island, Massachusetts and New York have been won by Kamala Harris.
The AP has declared the winner of these races when polls closed statewide and said it only makes such a call if results from AP VoteCast show a candidate leading by at least 15 percentage points.
The Republican candidate Donald Trump leads the US presidential race with 230 votes while his Democratic rival Kamala Harris has 205 votes.
Here's how the election has shaped so far in the world's largest economy:
Donald Trump wins in: Oklahoma, Tennessee, Florida, South Carolina, Arkansas, Nebraska, North Dakota, South Dakota, Louisiana, Wyoming, Montana, Utah, Missouri, Montana, Idaho and Ohio. Networks reported that the former President won in Iowa, Kansas and Texas.
Kamala Harris wins in: California, Washington, Oregon, Massachusetts, Mexico, Virginia, Rhode Island, Maryland and Delaware, New Jersey, Illinois, Colorado and New York.
Rupee Hits Record Low Amid US Election Uncertainty, Strong Dollar
Pennsylvania, North Carolina, Georgia, Wisconsin, Nevada, Michigan, and Arizona are the seven swing states that account for 93 of the 538 electoral college votes. For a presidential contender to win, they must receive a minimum of 270 electoral college votes.
Although voters in all 50 U.S. provinces cast ballots in presidential elections, the outcome in the seven swing states largely determines the fate of the campaign for the presidency.
Here’s the latest data on the seven key swing states:
Arizona: In a close call, Trump led marginally with 50% of votes counted.
Georgia: Trump is ahead with 91% of the votes counted,
Pennsylvanaia: Trump is ahead with 76.4% of the votes counted.
Michigan: Trump leads with 33% votes have been counted.
Nevada: Polls have not closed
North Carolina: Trump is ahead with 88.8% of the votes counted.
Wisconsin: Trump is ahead with 66.7% of the votes counted.
(Source: Bloomberg)
Indian benchmark indices, NSE Nifty 50 and BSE Sensex opened higher led by Infosys Ltd. and HDFC Bank amid support from rise in Asia–Pacific and US before the results of US elections.
As of 09:17 a.m., the Nifty 50 was trading 24.80 points or 0.10% higher at 24,238.10, and the Sensex was 110.77 points or 0.14% higher at 79,587.41.
The trend reversal levels will be placed at 24,000 levels which is the round number and average of the previous two days volatility ahead of the election verdict outcome, according to Vikas Jain, head, research at Reliance Securities.
The relative strength has crossed the average line from the lower range and witnessed a sharp bounce from its oversold levels and sustenance above the averages will be positive, Jain said.
At open, 10 sectors advanced, one declined, and one remained flat out of 12. The NSE Nifty Realty advanced the most and the NSE Nifty Metal declined the most.
Track the live coverage on markets here.
Dollar Rises To Highest Since July As Trump Takes Early Lead
Democrat stronghold, Pennsylvania, where 19 electoral college votes are up for grabs, Trump has once again taken lead over Harris, according to the Bloomberg data. The Republican candidate is ahead with 50.6% support in the surveys, compared to 48.5% support for his Democrat counterpart.
Pennsylvania turned into a swing state in 2016 when Trump eroded the blue bastion by a thin margin of 0.7% votes. However, Biden reclaimed the state in 2020.
The seven swing states—Pennsylvania, North Carolina, Georgia, Wisconsin, Nevada, Michigan and Arizona—account for 93 out of the 538 electoral college votes. A presidential candidate needs at least 270 electoral college votes to win the election.
Two polling stations in Pennsylvania will stay open until 10 pm local time to accommodate voters affected by bomb threat, according to a CNN report.
The current Vice President Kamala Harris will make history by becoming the first woman, first Black woman and first person of South Asian descent to occupy the top post if she wins the tight US presidential election.
Following President Joe Biden's withdrawal from his reelection campaign in July, weeks after he came under intense criticism, the Harris entered the contest.
She was the first woman of colour to be put forward by a major party in the US presidential election, making the nomination itself historic. Harris pledged to "chart a new way forward" free from resentment, cynicism, and toxic politics in her speech following her official acceptance of the nomination.
She pledged to address middle-class issues in her speech, and she even touched on her mother Shyamala Gopalan Harris's experience as an Indian immigrant.
(Source: PTI)
Asian stocks extended gains on Wednesday while the dollar hit the highest level since July as early exit polls suggested Donald Trump return to the White House.
Equity benchmarks in China, Australia and Japan led the gains. The Nikkei was 700 points, or 1.8%, higher at 39,176, while the CSI 300 was up 40 points, or 0.95%, at 4082 as of 7:55 a.m.
The polls have closed in parts of Alabama, Florida, Indiana, Kentucky, and New Hampshire, as well as in South Carolina, Vermont, and Virginia at 7 p.m. New York time.
Associated Press called out that the Republican candidate and the former Preseident Donald Trump lead the race with wins in crucial states like Florida, Tennessee, and Oklahoma. Meanwhile, Kamala Harris bagged votes in Maryland, Rhode Island and Massachusetts.
Trump Media & Technology Group Corp. surged over 25% on Tuesday and pared gains as investors eyed the Republican comeback. The dollar index rose as much as 1.03% on Wednesday to 104.4, the highest level since July.
Bitcoin extended its gains to surge over 5% on Wednesady following a similar surge in the precious session, as traders cheered the potential comeback of the digital assets supported.
A note from Goldman Sachs Group Inc.’s trading desk said a Republican sweep may push the S&P 500 up by 3%, Bloomberg reported. A decline of the same size is possible should the Democrats win both the presidency and Congress, it said.
The Republican candidate Donald Trump has won in crucial states like Florida, Tennessee, and Oklahoma, according to news agency Associated Press. Meanwhile, states like Maryland, Rhode Island, Massachusetts and New York have been won by Kamala Harris.
The AP has declared the winner of these races when polls closed statewide and said it only makes such a call if results from AP VoteCast show a candidate leading by at least 15 percentage points.
Here's how the election has shaped so far in the world's largest economy:
Donald Trump wins in: Oklahoma, Tennessee, Florida, South Carolina, Arkansas, Nebraska, North Dakota, South Dakota, Louisiana, Wyoming, Montana, Utah, Missouri, Montana and Ohio. Networks reported that the former President won in Kansas and Texas.
Kamala Harris wins in: Massachusetts, Rhode Island, Maryland and Delaware, New Jersey, Illinois, Colorado and New York.
The highly anticipated polls in the US have now closed across more than half of the states with early results beginning to be tallied between Kamala Harris and Republican Donald Trump.
Trump was declared the winner in more than a half dozen states, including electoral vote-rich Florida and West Virginia. New Jersey, Massachusetts, and Connecticut were among the states that Kamala Harris won with a large Democratic majority.
In the crucial swing states of Michigan, North Carolina, Georgia, and Pennsylvania, polls have closed. In another half-hour, polls close in Arizona and Wisconsin. Nevada is the eighth battleground state left.
(Source: Bloomberg.)
The seven swing states—Pennsylvania, North Carolina, Georgia, Wisconsin, Nevada, Michigan and Arizona—account for 93 out of the 538 electoral college votes. A presidential candidate needs at least 270 electoral college votes to win the election.
While the electorate in all 50 American provinces vote in the presidential elections, the race to the White House largely boils down to the outcome in the seven swing states. Most other provinces have a history of being ideologically and electorally aligned with one of the two mainstream political parties.
Here’s the latest data on the seven key swing states:
Arizona: Polls have not closed.
Georgia: with 46.4% of the votes counted, Trump is ahead
Pennsylvania: With 7.2% of the votes counted, Harris is ahead
Michigan: 3.7% votes have been counted, with Harris taking the lead
Nevada: Polls have not closed
North Carolina: Harris is ahead with 10.2% of the votes counted
Wisconsin: Polls have not closed
(Source: Bloomberg)
Donald Trump said that if he wins the Democratic stronghold, he would win “the whole deal,” CNN reported while the Republican candidate called into a Philadelphia radio show to urge voters to stay in voting lines.
“We win Pennsylvania, we win the whole deal,” CNN said quoting the former president on Philadelphia’s Talk Radio. He said “the big question” is if he can garner more support in Philadelphia, which has been a Democratic stronghold.
Once a Democrat stronghold, Pennsylvania turned into a swing state in 2016 when Trump eroded the blue bastion by a thin margin of 0.7% votes. However, Biden reclaimed the state in 2020.
News agency Associated Press has called out that the Republican candidate Donald Trump has won in key states such as Oklahoma, Tennessee And Florida. Meanwhile, Kamala Harris has taken hold of Massachusetts, Rhode Island and Maryland
The AP has declared the winner of these races when polls closed statewide and said it only makes such a call if results from AP VoteCast show a candidate leading by at least 15 percentage points.
Here's how AP has assessed the election so far:
Donald Trump wins in: Oklahoma, Tennessee, Florida, South Carolina and Arkansas.
Kamala Harris wins in: Massachusetts, Rhode Island, Maryland and Delaware, New Jersey and Illinois.
Bitcoin added to its biggest gain in a week as traders around the world cheered Donald Trump returning to the White House as he is known for supporting digital assets as against Kamala Harris.
The cryptocurrency rose 2.2% to $70,711 at 7:34 pm in New York, less than 5% below its March record set during the euphoria that followed January’s launch of US spot-Bitcoin exchange-traded funds, Bloomberg News reported. Bitcoin’s 3.1% gain through 5 pm on Tuesday was its biggest advance since Oct. 29.
The token’s more than 60% advance in 2024 has topped traditional assets such as global stocks and gold.
(Source: Bloomberg)
Counting will begin as soon as the polling ends on Tuesday. It may take several days or weeks before a winner is officially projected for the US presidential election.
Even after that, it may take months to finalise the results. The 2020 presidential elections saw the result being declared four days after the ballot on Nov. 3, with Joe Biden winning the race to the White House.
Traditionally, the candidate concedes defeat even before the results are formally declared. However, Trump in 2020 refused to accept his defeat even after Biden took charge as President of the United States.
Stocks in the Asia-Pacific opened higher on Wednesday, taking cues from Wall Street gains as voters head to cast votes in a close Kamala Harris—Donal Trump battle.
Equity benchmarks in South Korea, Australia and Japan opened higher. The Nikkei was 250 points, or 0.65%, higher at 38,430, while the Kospi was up 4 points, or 0.16%, at 2,581 as of 6:00 a.m.
Stocks in China extended gain on Tuesday as the government announced measures to attract foreign investments by allowing them to provide capital for publicly traded firms as strategic investors.
Meanwhile, news agency AP called out that Democratic candidate Kamala Harris has won in Vermont while Donald Trump has beaten his rival in Kentucky and Indiana.
The polls have closed in parts of Alabama, Florida, Indiana, Kentucky, and New Hampshire, as well as in South Carolina, Vermont, and Virginia at 7 p.m. New York time.
A note from Goldman Sachs Group Inc.’s trading desk said a Republican sweep may push the S&P 500 up by 3%, Bloomberg reported. A decline of the same size is possible should the Democrats win both the presidency and Congress, it said.
The S&P 500 and Dow Jones Industrial Average advanced 1.23% and 1.02%, respectively, while the Nasdaq Composite climbed 1.43%.
Later in the week, focus from election results will shift to Jerome Powell as the Federal Reserve will decide on its key interest rate on Thursday, likely influenced by the candidate emerging victorious in the presidential race. While Chair Powell will likely stress that the current conditions warrant less restrictive policy, he still risks political backlash.
On the commodity front, crude oil prices were steady after a five-day gain as traders monitored a tight US presidential election. Brent crude was trading 0.60% higher at $75.53 a barrel as of 6:06 a.m. IST. West Texas Intermediate was down 0.03% at $71.97.
News agency Associated Press has called out that the Democratic candidate Kamala Harris has won in Vermont while Donald Trump has beaten his rival in Kentucky and Indiana.
The AP has declared the winner of these races when polls closed statewide and said it only makes such a call if results from AP VoteCast show a candidate leading by at least 15 percentage points.
The polls have closed in parts of Alabama, Florida, Indiana, Kentucky, and New Hampshire, as well as in South Carolina, Vermont, and Virginia at 7 p.m. New York time.
Georgia polls are also slated to close, but five polling sites in Fulton County will stay open later than scheduled after closures due to bomb threats, according to CNN reports.
Because of consistent hoax bomb threats, some polling places have extended their voting hours, CNN reported.
Voting was halted at five polling places in DeKalb County, Georgia, the news agency said. Throughout the day, Georgia has hit with hoax bomb threats, which become worse as the state gets closer to poll closing.
The state's top Democrat told CNN that while they are currently monitoring threats in Atlanta, it is hoped that any voters who were concerned will turn out to vote.
(Source: CNN)
The first polls have closed in the US presidential election, with exit polls showing voters motivated by concerns about democracy and the economy in a frenzied race between Democrat Kamala Harris and Republican Donald Trump.
Around 35% of voters — including a plurality of both men and women — said democracy was their top issue and 31% said the economy, while 14% picked abortion.
Immigration was the top issue for 11% of voters. Abortion was the top issue for 19% of women versus just 8% of men. Only 4% of voters said foreign policy was their biggest concern.
Read Full Store Here.
Stocks in the Asia-Pacific are poised to open higher in trade on Wednesday, taking cues from Wall Street gains as voters head to cast votes in a close Kamala Harris—Donal Trump battle.
Following over 1% increase in the S&P 500, equity futures in Japan and Australia increased on Wednesday. The future contracts of the S&P 500 benchmark were slightly higher in early Asian trading.
A note from Goldman Sachs Group Inc.’s trading desk said a Republican sweep may push the S&P 500 up by 3%, Bloomberg reported.
The S&P 500 and Dow Jones Industrial Average advanced 1.23% and 1.02%, respectively, while the Nasdaq Composite climbed 1.43%.
As polls began to close in one of the most closely contested elections, Reuters reported that over three-quarters of voters in the US presidential election feel that the nation's democracy is in danger, citing national exit poll data from Edison Research.
According to the research, voters' top concerns were democracy and the economy, followed by immigration and abortion. According to the survey, only 25% of voters claimed democracy was secure, while 73% thought it was in danger.
Here are the initial trends from US election exit polls 2024 from key swing states of Arizona, Wisconsin, Michigan and Georgia conducted by Edison Research.
Arizona: Donald Trump and Kamala Harris tied at 46%.
Georgia: Kamala Harris leads by 49% favourability over Donald Trump's 46%.
Michigan: 48% of voters in Michigan said they had a favorable view of Harris, compared with 45% for Trump.
Wisconsin: Harris gets 47% support while Trump scores 44%.
(Source: Reuters)
Voting hours have been extended at five polling places in Georgia’s Fulton County that were briefly closed earlier in the day because of bomb threats that were determined to be noncredible.
(Source: AP)
According to the initial results of CNN’s national exit poll, two-thirds of US voters say they are at least somewhat confident that the US presidential election is being conducted fairly and accurately. However, the views on this issue are sharply divided along partisan lines.
Around 9 in 10 voters supporting Vice President Kamala Harris expressed confidence in the election's fairness, while only about half of those supporting former President Donald Trump shared the same level of confidence. This stark contrast highlights the deep polarization surrounding perceptions of election integrity.
Nevada's first exit poll is in. In the key battleground state, 47% of voters said they had a favorable view of Trump, compared to 48% who said so in Edison Research's 2020 exit poll.
It also found 34% of voters in Nevada said they had a favorable view of Kamala Harris, compared to 52% who said the same of President Joe Biden in Edison Research's 2020 exit poll.
(Source: Reuters)
Voters who signed up for Elon Musk’s million-dollar voter giveaway are suing the Tesla Inc. chief and his America PAC, claiming entrants were misled about how winners were picked.
Musk and the PAC “defrauded” Jacqueline McAferty of Arizona and others by seeking their political support on the billionaire’s social media platform X, encouraging people to sign a petition calling for free speech and the right to bear arms with the chance to “randomly” win $1 million, according to the proposed class-action complaint she filed in Austin.
Read Full Story Here.
Republican candidate Donald Trump alleged "massive cheating" happening during the US presidential election in Philadelphia. “A lot of talk about massive CHEATING in Philadelphia. Law enforcement coming!!!” Trump posted on Truth Social.
However, Philadelphia Police Department told CNN they were not aware of what Trump was referring to the post and did not know of any issues with voting that required a law enforcement response.
The city is a major urban centre in the key swing state of Pennsylvania.
The US presidential elections are set to become the most expensive in history, with total contributions nearing $16 billion. According to nonprofit OpenSecrets, this marks a significant increase from the $15.1 billion spent in 2020, and more than double the $6.5 billion spent in 2016.
A substantial portion of the spending has gone toward campaign ads, with $10.5 billion already spent on advertisements for races ranging from the presidency to local elections, according to data from ad tracking firm AdImpact. As the election season intensifies, spending on ads and other campaign efforts is expected to continue to rise.
Vice President Kamala Harris has emerged as the fundraising leader for the 2024 U.S. election, with her campaign raising over $1 billion directly. Approximately 40% of this total came from small donors, showcasing significant grassroots support. Additionally, political action committees (PACs) backing Harris raised another $586 million.
Among the key contributors, former New York Mayor Michael Bloomberg led the way for Democratic donors, contributing around $93 million. Billionaire investor George Soros also made a substantial donation, providing $56 million through his political action committee. The 2024 election is set to be the most expensive in US history, with fundraising continuing to break records on both sides of the political spectrum.
(Source: NDTV World)
Donald Trump’s campaign has raised a total of $382 million directly for the 2024 US election. Of this, approximately 28% came from small donors, while affiliated committees contributed an additional $694 million.
The largest single donor was Timothy Mellon, who gave $197 million to Trump and Republican-related efforts. Other major Republican backers included Richard and Elizabeth Uihlein, prominent figures in the packaging industry, casino mogul Miriam Adelson, Tesla and SpaceX CEO Elon Musk, and hedge fund investor Kenneth Griffin. Each of these donors contributed over $100 million to support Trump and Republican causes.
(Source: NDTV World)
The US dollar weakened amid the US presidential election. US bonds also declined.
Dollar index: Down 0.42% at 103.45.
US 10-Year Bond Yield: Down 2 bps at 4.29%.
Here's how gold, crude oil prices as well as bitcoin is faring amid the US presidential election.
Gold: Up 0.24% at $2,752 per ounce.
Bitcoin: Up 3.2% at $69,474.
Brent oil: Up 0.8% at $75.68 per barrel.
Polling is underway in all 50 US states and millions of Americans are showing up to make the choice between Donald Trump and Kamala Harris. While politics hangs in balance, here's how the US stock markets closed on Tuesday.
S&P 500: Up 1.1% at 5,774.
Dow Jones Industrial Average: Up 1% at 42,222.
Nasdaq Composite: Up 1.6% at 18,439.
Read more on US stock markets here.
To everyone who has worked hard and brought back the joy during this campaign—thank you. pic.twitter.com/LalrIXuEjE
— Kamala Harris (@KamalaHarris) November 5, 2024
4 votes for @KamalaHarris!
— Tim Walz (@Tim_Walz) November 5, 2024
If you've already voted, make sure your family and friends do the same. https://t.co/uyNRZrYcpq pic.twitter.com/izcQMYqq1N
A number of high-profile celebrities have publicly endorsed Kamala Harris for president in the US election 2024. Among them are Bad Bunny, Eminem, Ariana Grande, Taylor Swift, LeBron James, and most recently, Arnold Schwarzenegger.
In addition to their social media endorsements, two major music stars—Beyoncé and Megan Thee Stallion—showed their support by attending Harris' rallies. Beyoncé appeared at a rally in Houston, while Megan Thee Stallion made a special appearance at an event in Atlanta, both backing the 2024 Democratic nominee.
Voting in the US presidential election 2024 is going "smoothly" in key battleground states like Michigan, Arizona and Georgia, as per election officials.
Arizona Secretary of State Adrian Fontes reassured voters that the election in his state was "running about as smoothly as it could be." However, he advised voters to remain at polling centers if any issues arise and wait for them to be resolved.
In Michigan, Secretary of State Jocelyn Benson warned voters to stay vigilant against potential interference from “foreign bad actors” who may attempt to disrupt the election process. She emphasized, however, that no evidence of actual interference had been detected.
Meanwhile, Georgia Secretary of State Brad Raffensperger acknowledged that the state had received threats, some of which were believed to be of Russian origin. Raffensperger did not provide further details on how officials determined the source of the bomb threats.
"Generations of Americans led the fight for freedom—including the freedom to vote. Now, the baton is in our hands. Don’t miss your chance," Kamala Harris said.
It’s important to exercise your right to vote – even in space!
— NASA (@NASA) November 5, 2024
In our latest episode of "Houston We Have a Podcast," we explain how @NASA_Astronauts vote from the @Space_Station: https://t.co/zYPty9Rrkh pic.twitter.com/UDSUOYyN5c
The Federal Bureau of Investigation said on Tuesday fake bomb threats have been made to polling locations in several states, many of which appear to originate from Russian email domains, as per Reuters report.
"None of the threats have been determined to be credible thus far," it said in a statement. It did not identify the states.
Other US officials continue to warn of what they say is an unprecedented level of foreign influence and disinformation that they expect will persist beyond Election Day.
(Source: US media reports)
In a tight presidential race, Vice President Kamala Harris' campaign has warned that results may take several days, as vote tallies will come in at different times across states, and close results could delay a final call.
Each state counts votes differently. Some wait until polls close, while others begin counting as soon as ballots are submitted. As a result, election returns will come in at varying times across different states.
Jen O'Malley Dillon, Campaign Chair, Harris for President, said in Pennsylvania, which is considered to be the election's ground zero, the Democratic Party “expects tens of thousands of provisional ballots that will be counted starting Nov. 8.”
Read more here.
We are finishing this campaign as we started: with optimism, with energy, and with joy. pic.twitter.com/lzoEr5g3GR
— Kamala Harris (@KamalaHarris) November 5, 2024
Polling is underway in all 50 US states and millions of Americans are showing up to make the choice between Donald Trump and Kamala Harris. Politics aside for a moment, here's how the US stock market and other asset classes are doing as of midnight India time.
S&P 500: Up 1% at 5,770.
Dow Jones Industrial Average: Up 0.8% at 42,140.
Nasdaq Composite: Up 1.2% at 18,400.
Gold: Up 0.2% at $2,750 per ounce.
Bitcoin: Up 3.4% at $70,147.
Brent oil: Flat at $75.06 per barrel.
US 10-Year Bond Yield: Up 2 bps at 4.31%.
Republicans: We are doing GREAT! Stay on Line. Do not let them move you. STAY ON LINE AND VOTE!
— Donald J. Trump (@realDonaldTrump) November 5, 2024
Michigan Secretary of State Jocelyn Benson is urging voters to be wary of "foreign bad actors" attempting to undermine the integrity of the election process. Speaking at a news conference on Tuesday, Benson emphasized that while there has been no evidence of interference, voters should remain vigilant against misinformation.
In 2016, Trump narrowly flipped the state in favor of Republicans by beating out Hillary Clinton by a margin of 0.2%. The state returned to voting for a Democrat in 2020, when Joe Biden beat Trump by a margin of 2.8%.
(Source: US media reports)
#USElectionsWithNDTV | Key Counties In Battleground States To Watch In US Election@vishnundtv speaks to Prof Dan Cassino, Director of FDU Poll#USElection2024 pic.twitter.com/atFvn4ezrt
— NDTV WORLD (@NDTVWORLD) November 5, 2024
For Donald Trump, the outcome of Tuesday’s US presidential election is about more than winning the White House — it’s also about the future of criminal cases that put him at risk of spending time behind bars. The stakes could hardly be higher. If Trump wins, he could wield the vast powers of the US presidency to shield him from ongoing federal prosecutions.
Trump has already made it clear that as president he will quickly move to shut down the federal prosecutions, because he will have ultimate authority over the Justice Department.
Read More: Trump's legal woes and election hopes.
With the election expected to be agonizingly close, voters are bracing not only for a late night watching the returns but also for the inevitable spate of post-balloting lawsuits that could drag out a final verdict for weeks or months.
Nobler principles have driven some post-election litigation. But all of it has the same effect: reinforcing the view of whichever side loses that somewhere along the way they’ve been cheated.
Bloomberg's Stephen L Carter writes.
Vice President Kamala Harris will host her Election Night watch party at Howard University, the historically Black institution in Washington, DC, that she credits as a pivotal starting point in her political career. The university’s students have shown great enthusiasm for this election, especially with one of their own—Harris—on the ballot, and with several visits from the Vice President to the campus throughout the campaign.
Reflecting on her connection to Howard, Harris shared, "The first office I ever ran for was freshman class representative at Howard University. And to go back tonight to Howard University, my beloved alma mater, and hopefully recognize this day for what it is, is really full circle for me."
(Source: CNN)
After casting his ballot, former President Donald Trump expressed confidence in his chances of winning the election, stating, "I’m very confident, it won’t even be close." He added that this campaign was the "best" of the three he’s run and that he hears his campaign is performing well across the country.
Trump also voiced frustration about the potential delays in calling the results, predicting that it would take "a long time to certify" the election. He criticized the time it takes to tally mail-in ballots, remarking that "they spent all this money on machines," and pointed to the French election as an example of how quickly elections can be decided.
Trump has frequently used the extended timeframe for counting mail-in ballots as an opportunity to cast doubt on the integrity of the election process.
(Source: US media reports)
#USElectionsWithNDTV | I Feel Very Confident Of Victory: US Presidential Candidate Donald Trump After Casting Vote#USDecides #USElection2024 pic.twitter.com/0PuAX0ve7Z
— NDTV WORLD (@NDTVWORLD) November 5, 2024
Wall Street, which has largely been upbeat ahead of the US presidential election, may witness a short-term rally if former president Donald Trump defeats Democrat rival Kamala Harris in the high-stake electoral showdown, analysts say.
"The immediate reaction will be positive as Trump's win will provide a boost to the US indices," Kranthi Bathini, director of equity strategy at WealthMills Securities Pvt., said. "This rally will be short-lived as long-term movement of stocks will depend on his policies after he takes charge."
On the flip side, a Harris win may lead to a short-term decline, he said, but added that such a negative sentiment would last for a very limited period.
Read More Here: Sectors and stocks seen volatile to the Trump versus Harris poll outcome.
Gold, which has gained by more than 40% over the past year amid global headwinds, is seen as volatile to the outcome of the US presidential election. The verdict will determine the economic trajectory of the US, the world's largest economy.
According to analysts, gold may marginally shed its glitter post the election results as a level of certainty will return to the markets. The metal, seen as a top safe-haven asset, gains the most when uncertainty looms in the equity market.
Read More Here: Gold and US election 2024.
Wisconsin's election is proceeding smoothly, with no major issues reported so far, according to Meagan Wolfe, administrator of the state Elections Commission.
In a Tuesday morning briefing, Wolfe confirmed that all polling places had opened as scheduled and that no problems, including threats, had been reported from any of the state's approximately 3,700 polling locations, reported CNN. She noted that the polling places are operated by municipal clerks, not the state commission itself.
Florida Secretary of State Cord Byrd said 8.3 million Floridians cast their ballots by early voting and by mail. Florida election results will be known by the time "you go to bed tonight", Byrd said. Polls will stay open until 7:00 p.m. eastern time in the state.
(Source: CNN)
The US Cybersecurity and Infrastructure Security Agency (CISA) has stated that there are no significant threats to the country’s election infrastructure as Election Day begins.
Cait Conley, the agency’s senior election adviser, confirmed during a press call that no national-level incidents are currently affecting election security. However, she cautioned that countries like Russia and Iran are expected to continue efforts to spread misinformation regarding election fraud.
Conley also mentioned that while extreme weather and other temporary infrastructure disruptions are being tracked in certain areas, these events are largely anticipated and part of routine preparations.
(Source: US media reports)
Voters in the US hamlet of Dixville Notch launched Election Day in the first minutes of Tuesday with a tied vote, mirroring the incredibly close national polls in the White House race. Kamala Harris and Donald Trump each got three ballots in the tiny community.
(Source: NDTV World)
More than 78 million Americans have already cast their votes as of Sunday, according to the University of Florida's Election Lab which tracks early and mail-in voting across the US.
Donald Trump's running mate JD Vance reiterated the former president's call to voters to "stay in line" for the polling.
"We're hearing a lot about long lines and high enthusiasm. Get in line, stay in line, and VOTE. Today is the day we take back our country," Vance said on X.
It is now officially ELECTION DAY! This will be the most important day in American History.
— Donald J. Trump (@realDonaldTrump) November 5, 2024
Voter enthusiasm is THROUGH THE ROOF because people want to Make America Great Again. That means lines are going to be long!
I need you to deliver your vote no matter how long it takes.…
Despite being convicted of a felony earlier this year, former President Donald Trump will be able to vote in Florida's 2024 election, thanks to a 2021 New York law that allows felons to vote if they are not incarcerated.
Trump was convicted in a New York court earlier this year for falsifying business records tied to hush money payments before the 2016 election to adult film star Stormy Daniels. Trump is scheduled to be sentenced on Nov. 26.
Under Florida law, if a voter has an out-of-state conviction, Florida will defer to that state’s laws for how a felon can regain his or her voting rights.
(Source: CNN)
American Depository Receipts of Indian IT stocks like Infosys Ltd and Wipro Ltd traded mixed on Tuesday. Infosys ADR was down 0.02% and Wipro ADR was up 0.78%.
A unique group of voters will cast their ballots in the US presidential election from an unconventional polling station— the International Space Station (ISS).
Astronauts aboard the ISS, including Boeing Starliner astronauts Butch Wilmore and Sunita Williams, are fully eligible to vote in the election. Despite being hundreds of miles above Earth, they will exercise their right to participate in the democratic process.
Astronauts have been voting from space since 1997, thanks to a Texas law designed to allow astronauts, especially those based at NASA’s Johnson Space Center in Houston, to stay engaged in elections while on duty in space.
The voting process for astronauts is both secure and efficient. After applying for an absentee ballot, the astronauts complete their ballots electronically aboard the ISS. NASA then encrypts the data, uploads it to an onboard computer, and transmits it through the agency’s Near Space Network.
The data is relayed via the Tracking and Data Relay Satellite System (TDRSS) to NASA’s White Sands Test Facility in New Mexico, then forwarded to Mission Control in Houston. From there, the ballots are electronically sent to the relevant county clerk's office for official processing. This system ensures that even those in orbit can fully participate in the electoral process.
(Source: NDTV World)
Today is Election Day.
— Barack Obama (@BarackObama) November 5, 2024
Millions of Americans will be going to the polls to show the world who we are and what we stand for. Find out where and when you can vote today at https://t.co/NKXRGNgbZX.
And once you do, I want to see your voting sticker. I’ll be sharing your posts… pic.twitter.com/JwRuT2s08s
📷 Watch | 📍 White House: A Beautiful Sunrise On US Presidential Election 2024 Voting Day
— NDTV WORLD (@NDTVWORLD) November 5, 2024
🎥: @Pooja7arya / NDTV | #USDecides #USPresidentialElection2024 #USElection2024 pic.twitter.com/DzEKDa6Lz9
Donald Trump began Election Day in Michigan, where he wrapped up a late-night rally in Grand Rapids. The Republican candidate is set to spend the rest of the day in Florida, where he plans to vote in person, despite earlier announcing he would vote early. Trump is also scheduled to hold a campaign watch party in Palm Beach on Tuesday evening.
Vice President Kamala Harris, meanwhile, will attend an election night event at Howard University in Washington, D.C., where she earned her degree in economics and political science in 1986. Other than that, Harris has not announced any other public appearances for Election Day.
On Sunday, she shared that she had "just filled out" her mail-in ballot and that it was "on its way to California."
(Source: Associated Press)
Donald Trump is ramping up his efforts in this nail-biting US presidential election with a clear focus on energizing his base in key battleground states like North Carolina and Virginia.
The Republican candidate Donald Trump is intensifying his campaign efforts with three major rallies calling on voters to turn out today.
After the rallies, Trump posted a video on X, stating, "Three incredible MAGA RALLIES today in Gastonia, North Carolina, followed by Salem, Virginia—and this evening in Greensboro, North Carolina!"
He also urged his supporters to “stand up and tell Kamala that you've had enough,” adding, "Kamala Harris, You're Fired!"
Americans have started to cast their votes across more than 20 states. Here’s the states that have just opened their polls:
Alabama
Delaware
Washington, DC
Florida
Georgia
Illinois
Kansas
Maryland
Massachusetts
Michigan
Missouri
Pennsylvania
Rhode Island
South Carolina
Tennessee
(Source: CNN)
Read more here.
The US Presidential elections are in the final leg, with the preliminary result expected on Wednesday morning for Indian markets. While the Wall Street has positioned itself for 'Trump Trade', the results could spring a surprise, based on how the swing states tilt this elections.
Pollsters predict a neck-to-neck race between Republican candidate Donald Trump and Democrat rival Kamala Harris, and bulls are positioning themselves to a rising market, but the electorate will decide whether the bets are on the right side on Nov. 5.
So far, foreign investors have been net sellers of $9 billion in secondary market and net buyers of $10.1 billion in the primary markets in this calendar year. That clearly indicates the portfolio diversification and rotation
Is Trump Trade being good for Indian markets? Click here to read the full story.
Gold price is in focus ahead of the results of the 2024 US presidential election as investors remain keen to watch the impact of the cliffhanger contest between Donald Trump and Kamala Harris on the commodities market.
Gold, which has gained by more than 40% over the past year amid global headwinds, is seen as volatile to the outcome of the presidential election. The verdict will determine the economic trajectory of the US, the world's largest economy.
According to analysts, gold may marginally shed its glitter post the election results as a level of certainty will return to the markets. The metal, seen as a top safe-haven asset, gains the most when uncertainty looms in the equity market.
Click here to read the full story.
Voting has begun in several states, including Alabama, Delaware, Washington D.C., Florida, Georgia, Illinois, Kansas, Maryland, Massachusetts, Michigan, Missouri, Pennsylvania, Rhode Island, South Carolina, and Tennessee, with polls opening at 7 am ET
The Nov. 5 presidential elections in the United States—primarily a contest between Republican nominee Donald Trump and his Democrat counterpart Kamala Harris—also draws attention on the country's two-party dominant political system.
The Democratic Party, seen as centre-left or liberal, was established back in 1820. The Republican Party, also known as the Grand Old Party, was founded in 1854. The latter is identified as a right-of-centre or conservative political platform.
Here's a look at the ideological divided between the two US mainstream parties.
In the quaint New Hampshire village of Dixville Notch, Kamala Harris and Donald Trump were tied with three votes each in the first poll of the election, which opened and closed just after midnight ET, continuing a long-standing tradition.
Voters at the United States of America are casting their votes in a critical race for the White House. With both Vice President Kamala Harris and former President Donald Trump targeting 270 electoral votes, the outcome hinges on key swing states. Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin are expected to play a decisive role in this fiercely contested election.
The candidates wrapped up their campaigns with final rallies in key battleground states last night. Kamala Harris concluded her 107-day push in Pennsylvania, while Donald Trump delivered his last speech in Michigan, a state where he has previously closed out all three of his presidential campaigns.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
