The 2026 midterm elections was a decisive victory for Democrats, who won control of both the House of Representatives and the Senate. With Republicans retaining the White House, the election results bring a period of divided government starting in January.
Wall Street's initial reaction has been enthusiastic. As of this writing (Nov. 4), the Dow Jones Industrial Average (DJINDICES: ^DJI) surged more than 1,500 points during morning trading, while the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) also rallied.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Beneath the broader market's gains, investors are undoubtedly repositioning their portfolios. Artificial intelligence (AI) hyperscalers like Amazon, Alphabet, Microsoft, and Meta Platforms are surging, while many semiconductor stocks and data center operators are plunging.
The contrasting performance reflects uncertainty about how the election could affect AI and adjacent industries. For investors wondering whether to change their portfolios following the election, Warren Buffett's advice about mixing politics and investing is particularly relevant.

#election

Bitcoin rebounded on Thursday as investors weighed the U.S. midterm results.
Democrats won control of both the House and the Senate.
The crypto industry spent about $176 million across more than 100 midterm races this cycle, Reuters reported last month.
Bitcoin (BTC) rebounded above $80,000 on Thursday as investors weighed the results of the U.S. midterm elections, while crypto industry stalwarts Tom Lee and Michael Saylor struck a positive tone for the apex cryptocurrency.
Lee wrote on X, "Bullish for crypto," tagging Bitcoin, Ethereum (ETH), Bitmine Immersion Technologies, Inc. (BMNR), and Bitmine's Series A Preferred Stock (BMNP) shares. Lee serves as the Chairman of the Board for BitMine Immersion.

#Crypto #rebounded

Amazon (AMZN) is teaming up with Uber Eats (UBER), allowing Prime members to order from restaurants through Amazon.com and the Amazon app, as third-party delivery gets more competitive.
Prime members who order via Amazon will get free delivery on orders of $25 or more. Customers will also get $20 off their first two Uber Eats orders of $25 or more through the first 14 days.
"This is what Prime is all about: unlimited free, fast delivery on a wide selection of products, big savings, fantastic entertainment, and now even more value on restaurant delivery with Uber Eats, all in a single membership," Jamil Ghani, worldwide vice president of Amazon Prime, said in a statement.
Uber also offers its Uber One service, which includes no delivery fees on food and groceries, as well as other benefits, for $9.99 a month, or $96 per year. Amazon Prime, which includes access to Prime Video and Amazon Music, as well as free shipping options, costs $140 a year.
Amazon has been taking share in the grocery delivery market, especially on same-day and one-hour deliveries. Earlier this week, Amazon announced that it added more than 6,000 items to its grocery options over the last six months.

#uber #eats

Investors are worried. CNN's Fear and Greed Index is at "extreme fear." Inflation remains persistently high, with the ongoing Iran war and tariffs not helping matters. Stock market valuations are frothy by most metrics.
In times of uncertainty, many investors look to safe havens. Utility stocks rank high on the list. But if the stock market crashes, will utility stocks really protect your portfolio?
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Arguments for buying utility stocks as a defensive portfolio move make sense. Consumers don't stop using electricity, natural gas, or water during an economic downturn or stock market sell-off.
There's also historical precedent for utility stocks protecting against a market crash. For example, the S&P 500 (SNPINDEX: ^GSPC) sank almost 50% from its peak in early 2000 by October 2002 when the dot-com bubble burst. The Nasdaq-100 index plunged more than 80%. Meanwhile, shares of NextEra Energy (NYSE: NEE) and The Southern Company (NYSE: SO), both large electric utility providers, jumped more than 20% during the same period.

#utility #Stock #fear #high

LONDON (AP) — World leaders who have sparred with the "America first" President Donald Trump greeted the rout of his Republican Party in the U.S. midterm elections with a measure of relief Wednesday, allowing themselves to hope for a less combative U.S. foreign policy.
But that hope was seasoned with the expectation that American voters' rebuke would not necessarily end the U.S. conflict with Iran or change Trump's policies on tariffs or his lukewarm-at-best support for Ukraine and America's European allies.
Progressive politicians cast the results as part of a trend of liberal comebacks around the world, following recent defeats for populists on the right in Hungary, Brazil and Serbia.
Spain's social democratic Prime Minister Pedro Sánchez wrote on X that Americans had voted "Against hate. Against machismo. Against climate denialism and against the privileges of the elites."
"It happened in Brazil. It just happened in the US. And it will happen soon in Spain," wrote Sánchez, who faces an election Nov. 29.

#nchez #wrote #happened #donald

Chief Executive Officer Lip-Bu Tan purchased 150,000 shares of common stock across multiple trades priced between $64.71 and $64.74.
The strategic share acquisition follows Intel's Q3 2026 earnings release, which showed $16.5 billion in revenue, but shares suffered a sharp after-hours plunge driven by conservative fourth-quarter sales forecasts.
Investors are weighing cooling artificial intelligence capital expenditure (capex) cycles following a Democratic wave in mid-term elections.
Intel's (INTC) chief executive officer and director Lip-Bu Tan acquired 150,000 shares of common stock worth $9.7 million on Nov. 2 via his family trust, according to a regulatory filing on Wednesday.
Tan bought the stock through several open-market transactions at prices ranging from $64.705 to $64.735; the total investment amounted to approximately $9.71 million. The move could be seen as a vote of confidence as the semiconductor giant navigates supply chain pressures, fabrication hurdles at its Israel facility, and shifting demand in the personal computer market.

#shares #executive #million #market

Tuesday's midterm vote is behind us, and chip stocks came into it bruised. The VanEck Semiconductor ETF (NASDAQ:SMH) ended Election Day at $518.52. That was around 22% under the fund's highest close ever, set on June 22, but it still left the fund up about 44% in 2026.
What have chip stocks usually done over the 12 months after a midterm vote?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
I went back to the PHLX Semiconductor Index, a widely watched chip benchmark with daily data going back far enough to cover the past eight midterms. For each one, I compared the index's close on Election Day to its close on the same date a year later, on price alone.
The record's impressive. But I think where chip stocks start this time is a reason to lower expectations.

#election #midterm

One advantage of being 70 is that we keep getting invited to free dinners and lunches. Salespeople typically push annuities, Medicare plans and estate-planning services. So far in 2026 we have been to roughly a dozen of these free meals, and I'm going to four more in the next few weeks. It's good to be old! How lucky am I?
Dining for Free
Medicare prescription drug costs will jump 50% in 2027. Doing nothing could cost you.
Once election results are in, here's what investors should focus on next
Related: We stopped helping our neighbors with free home repairs and our friendship cooled. Who's to blame?

#free

Nicolas Cage and his wife, Riko Shibata, attended the Los Angeles premiere of his latest film, Madden, together on Wednesday, Nov. 4
Their rare public appearance was in celebration of the new biopic, in which Cage portrays NFL icon John Madden
The upcoming film premieres in select theaters on Wednesday, Nov. 11
Nicolas Cage and his wife Riko Shibata spent a date night celebrating his latest film, Madden.
The couple attended the film's world premiere in Los Angeles on Wednesday, Nov. 4. The 62-year-old actor wore a black suit with a muted orange tie and black leather loafers.

#madden #riko

Google is extending its buyout program to selected workers in five additional countries as the company looks for ways to control expenses while pouring money into artificial intelligence programs.
The company told Reuters that select workers in Canada, France, Germany, ****** an and Switzerland were offered buyouts beginning in June, although the number of employees who accepted was unclear.
FOX Business has reached out to Google for comment.
"In 2025, some of our teams introduced a voluntary exit program with severance," a Google spokesperson said in a statement to Reuters. "This past summer, in June, we expanded this program globally in a few countries to support our important work ahead."
Google Parent Alphabet Suffers Nearly $500B Wall Street Wipeout Amid Ai Spending Fears

#workers

By John Kruzel
WASHINGTON, Nov 4 (Reuters) - The US midterm election landslide that gives Democrats control of Congress starting in January is fueling questions about the longevity of the Supreme Court's two eldest justices, Clarence Thomas and Samuel Alito, and the durability of its conservative majority.
As Republicans prepare to cede control of the Senate to Democrats for the next two years or ‌more, some conservative commentators already are expressing concerns about the health prospects of Thomas, 78, and Alito, 76, placing renewed focus on their continued service on the top US judicial body.
The US Constitution ‌assigns the Senate the power to confirm a president's judicial nominations. With a Senate majority, Democrats can block any nominations that Republican President Donald Trump would make to fill potential Supreme Court vacancies, just as Republicans blocked Democratic President Barack Obama from filling one in 2016.
Thomas has given no public indication of wanting to step down. Alito said last month he would remain for the duration of the current nine-month term, which began in October, even if Democrats were to retake the Senate. Thomas and Alito did not immediately respond to questions from Reuters about whether they are considering retiring.

#questions

Midterms tend to be backlash elections, and the president's party almost always loses seats when voters return to the polls to judge his performance in office.
But not all midterms are created equal.
On Tuesday, Democrats comprehensively routed their Republican rivals, regaining control of the U.S. House, U.S. Senate and statehouses across the country. Along the way, they shattered a series of decades-long Republican winning streaks and notched several historic firsts.
So just how big was this year's blue wave (or "blue tsunami")?
The full scale and scope of the Democratic Party's seismic victory is still coming into focus as officials tally every last vote. But here are some key numbers to help you put it into perspective:

#republican #blue #along

Tesla (TSLA) and **** eX (SPCX) stock fell on Wednesday after Democrats took control of both houses of Congress in a "Blue Wave" that flipped Texas, home to both companies, with potential implications for CEO Elon Musk.
Musk spent $224 million backing Texas Republicans, including $158 million in September alone, per The New York Times, part of at least $446 million he gave to Republican candidates and groups before the vote. Democrat Gina Hinojosa unseated Gov. Greg Abbott to become the first Democratic governor of Texas since 1990, and Democrat James Talarico beat Republican Ken Paxton for the Senate seat.
Tesla and **** eX both dropped by over 2% despite the broad market rally, which includes Big Tech.
"Both of these stocks have major headline risk if we get a blue sweep," Vikram Rai of FirstNew York told Bloomberg ahead of the election.

#tesla #democrat

(Bloomberg) -- President Donald Trump's social media company and meme coin both plunged after Democrats won a decisive victory in the midterm elections, dinging the multibillion-dollar fortune of a president whose slew of new business ventures became a defining feature of his second term.
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#president #offers

The battle for control of Congress got the lion's share of the attention on Tuesday, but there were a lot of other consequential measures on the ballots that could have a direct impact on voters' lives.
Ballot measures often don't receive much national focus, but every two years, voters across the country decide whether to adopt policies that have major implications for their states. This year was no different.
There were more than 140 measures on the ballot across 40 states. Many touched on some of the biggest issues in U.S. politics, including abortion, transgender rights, voting and the democratic process itself.
Ballot measures can give the people a way to directly alter the laws in their states instead of relying solely on their elected representatives to create policy on their behalf. In some cases, they provide an opportunity for voters to endorse or reject something their state legislature wants to do. In others, regular citizens can get their preferred policy on the ballot directly through a signature-gathering campaign.
Here's a rundown of the results of some of the major measures on statewide ballots this year.

#voters #states #ballots #directly

WASHINGTON (AP) — President Donald Trump reacted Wednesday to Republicans' midterm election losses by showing off the White House ballroom he's building as he demonstrated the kind of detached behavior that voters around the country said was a key reason they opted to punish his party.
In an extraordinary scene, Trump summoned reporters to the hulking construction site that he demolished the East Wing to make room for and the Republican president spoke for nearly 20 minutes about minute building details. He did not mention his party losing control of Congress after defeats in some of the country's deepest GOP strongholds, including Texas and South Carolina, or voter concerns about the high cost of living and federal corruption that helped cause the election losses.
"This has been a structure the likes of which has never been seen anywhere," Trump said, speaking into a microphone that sent loud feedback echoing around the cavernous ***** e.
He talked at length about how the ballroom would be the "safest place in Washington" upon completion, stretching five stories underground and featuring a cut of marble that he called "a vein that people have been after for 50 years."
"We have large staircases coming from the kitchen. If I put the kitchen on top, you would lose three walls, because a kitchen takes about 30% of the ***** e," Trump said of his choice to make the ballroom's kitchen subterranean.

#president #election

WASHINGTON (AP) — At the urging of President Donald Trump, Republicans in eight states redrew the boundaries of dozens of congressional districts over the past year while angling for an edge that could help them hold onto a slim House majority in a tough midterm election.
Ultimately, it didn't work.
Republicans lost most of the Democratic-held seats they had targeted to flip, lost others they had banked on retaining and got swept out of power by a Democratic surge fueled by voter dissatisfaction with Trump, the economy and the war with Iran.
The Republican redistricting plan fell flat in Alabama, Florida and Texas. It got scuttled by courts in Missouri and then firmly defeated by its voters Tuesday. And it got offset in California, where a retaliatory Democratic redistricting flipped all five of the Republican-held seats it targeted.
"This is a catastrophic rebuke of Donald Trump's failed effort to gerrymander the country into oblivion to save the U.S. House of Representatives for himself," John Bisognano, president of the National Democratic Redistricting Committee, said Wednesday.

#redistricting #donald #House

Stocks soared Wednesday as investors reacted to a clean sweep by Democrats in the midterm election.
Stocks were initially down when results started to roll in Tuesday night, in part due to fears of a data center crackdown, but futures turned green later in the evening, and all three major indexes soared on Wednesday.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It wasn't immediately clear why stocks jumped on the results, though it appeared to be a combination of several factors. Investors were glad to see pushback on the Trump administration validated, including on inflation and the war in Iran. Investors tend to like a divided government, and with Democrats gaining solid control of both houses of Congress, they clearly have that. Finally, President Trump was surprisingly conciliatory, saying he would "absolutely accept the results of the election," and was willing to work with Democrats, which could pave the way to a productive Congressional term.
Among the winning sectors today was housing, which has languished over the last two years due to high mortgage rates and weak housing turnover. The State Street SPDR S&P Homebuilders ETF (NYSEMKT:XHB) closed up 5.4%, reaching its highest point in more than two months, while Home Depot (NYSE:HD) and Lowe's (NYSE:LOW), the two leading home improvement retailers, were up as well. Home Depot finished up 6.5%, and Lowe's jumped 7.5%.

#home

Premiums for Medicare prescription drug coverage will jump an average of 50% in 2027, which may push normally complacent enrollees to shop around during this open-enrollment period.
The estimated average monthly premium for Medicare Part D stand-alone prescription drug plans (PDPs) is projected to be $51 in 2027, a 50% increase over 2026, when that figure was $34, according to KFF, a healthcare research and policy firm. Average monthly premiums for the eight national prescription drug plans are projected to range from around $6 to $204 in 2027, KFF said.
These stocks have soared the most today after the Democrats trounced Trump
Midterm elections deliver a 'blue wave.' The stock market sees green.
"With some plans increasing premiums substantially, the stakes are higher this year for people with Medicare stand-alone drug coverage if they sit on the sidelines during open enrollment," said Juliette Cubanski, a vice president and director of the program on Medicare policy at KFF. "There are relatively low-premium PDP options, but people facing large premium increases need to take action if they want to avoid paying significantly more."

#medicare #premium #around

Uber (NYSE: UBER) founder Travis Kalanick moved to Austin by December 18, as billionaire departures removed an estimated $1.1 trillion from California's prospective tax base.
Prop. 42, leading with 54.6%, would ban new California taxes on wealth and investment accounts, shielding 401(k)s and IRAs from future wealth tax expansion.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
California voters rejected the billionaire tax on Tuesday by a wide margin. Election-night returns counted by The Center Square showed Prop. 40 losing 56.5% to 43.5%, with 68.5% of precincts partially reporting. According to The Center Square, the measure would have imposed a one-time 5% tax on residents with wealth of $1 billion or more. News outlets widely reported its defeat.
If you have a 401(k), an IRA or a brokerage account, the result that matters more to you is a different one. Prop. 42 would ban new state taxes on wealth, investment accounts and personal property. In The Center Square's count, it was leading with 54.6% of the vote.

#wealth #center #uber #billionaire

The precious metal got a big boost from the midterm elections. So did gold mining stocks. Can the rally last?

#midterm

California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere.
The latest results on Wednesday afternoon showed California's Proposition 40 down by over 11 percentage points, with 60% of votes counted but the race not yet formally called.
The referendum would amend California's constitution and impose a one-time 5% tax on California residents and trusts with ***** ets over $1 billion on Jan. 1, 2026. The revenue would primarily go toward healthcare, as well as food ***** istance and education.
Some ***** ets, such as real property and certain retirement accounts and pensions, were excluded.
The measure was estimated to impact about 200 billionaires in the state. It faced fierce opposition from many in Big Tech and lost steam with voters as Election Day neared.

#wednesday #election #voters #proposed

US stocks jumped on Wednesday after Democrats won control of both chambers of Congress in a seismic midterm election, paving the way for a divided government.
The Dow Jones Industrial Average (^DJI) rose 3%, or over 1,500 points, while the S&P 500 (^GSPC) climbed 1.7%. The Nasdaq Composite (^IXIC) traded up by 1.6% amid a post-election relief rally.
Markets swiftly repriced a Democratic sweep of the House and Senate — and the potential for ballot measures and newly elected officials to restrict data center construction. Chip stocks, including Nvidia (NVDA) and Micron (MU), fell. Meanwhile, other parts of the tech sector offset some of those losses, with Apple (AAPL) and Microsoft (MSFT) each hitting all-time highs.
Investors will also be watching for policy actions on housing and pharmaceuticals in the aftermath of the election. As Yahoo Finance's Jared Blikre pointed out on Tuesday, midterm elections have a history of shaping stock performance in the near term but don't tend to move markets much over the long term.
On the economic front, ISM and S&P data showed that US services activity expanded at a slower pace in October as businesses continued to grapple with elevated costs. Private-sector hiring, meanwhile, continued to show strength in October as an ADP report indicated "pretty solid job growth."

#election #october #continued

WASHINGTON (AP) — President Donald Trump gave extended comments Wednesday, not about the Republican Party's midterm election wipeout but instead justifying his building a sprawling White House ballroom.
Trump invited reporters into a cavernous construction site and talked about the building project for nearly 20 minutes without mention sweeping Republican defeats around the country the night before.
"This has been a structure the likes of which has never been seen anywhere," Trump said before watching crews erect what he said would be the project's last beam and even signing what was being built.
The president had no public events on his schedule originally, but called reporters together at the last minute. He also briefly took questions, insisting, "If I were on the ballot I would have won."
He said a series of rallies he held leading up the election featured a lot of love from his supporters that "we weren't able to transfer love to the candidates."

#election

California's proposed billionaire tax appeared headed for defeat on Wednesday in one of the final verdicts from voters in an election week that saw a wave of anti-billionaire sentiment elsewhere.
The latest results on Wednesday afternoon showed California's Proposition 40 down by over 11 percentage points, with 60% of votes counted but the race not yet formally called.
The referendum would amend California's constitution and impose a one-time 5% tax on California residents and trusts with **** ets over $1 billion on Jan. 1, 2026. The revenue would primarily go toward healthcare, as well as food **** istance and education.
Some **** ets, such as real property and certain retirement accounts and pensions, were excluded.
The measure was estimated to impact about 200 billionaires in the state. It faced fierce opposition from many in Big Tech and lost steam with voters as Election Day neared.

#wednesday #election #voters #appeared

The 2027 Social Security COLA of 3.6% is already locked, and the gap versus 3.7% headline inflation amounts to roughly $2 a month for average retirees.
Medicare Part B premiums are deducted directly from Social Security checks, and rising premiums can significantly shrink the net benefit of any COLA raise.
Retirees should wait for their December Social Security notice before committing to new fixed costs, since it shows the real net deposit after deductions.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Her electric bill went up. Her grocery total went up. Then she read that consumer prices climbed 3.7% in September, and she did the comparison almost every retiree does. Her 2027 Social Security raise is 3.6%, so it feels like she's behind before the first bigger check even shows up.

#cola #almost #medicare

Marvell Technology (NASDAQ: MRVL) has been a big winner this year, with the stock up more than 130% in 2026, as of the end of October. However, an announced deal to acquire Lumentum (NASDAQ: LITE) could be a game changer for what has already been a good story.
This deal is all about optical networking, as it will combine Marvell's leadership in optical interconnects with Lumentum's strength in lasers. Marvell called the deal a "once-in-a-generation opportunity to define and lead AI connectivity in the era of integrated optics," as it will provide the company with end-to-end design capabilities that will allow it to accelerate its time to market and solve the increasing complexity of scale-up and scale-out networks.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Let's see what this could all mean for investors.
The two companies' optics technologies are very complementary. In an optical network, Marvell provides electronic components such as DSPs (digital signal processors) that prepare data to be converted into optical signals; transimpedance amplifiers (TIAs) that convert light signals back into electrical signals; and silicon photonics (SiPho) engines that combine hundreds of components to improve the performance and energy efficiency of optical interconnects.

#interconnects

Updated on: November 4, 2026 / 1:45 PM EST / CBS News
Washington — President Trump has been asking advisers around him and on the phone whether Defense Secretary Pete Hegseth should stay in his job, following Republicans' catastrophic losses Tuesday night, multiple sources familiar with the matter tell CBS News.
Some White House aides have predicted some of the blame for GOP midterm losses will be trained on Adm. Brad Cooper, the head of U.S. Central Command, and Chairman of the Joint Chiefs of Staff Gen. Dan Caine, who both played big roles in guidance on the Iran war.
Still, other sources said the president hasn't decided to replace Hegseth. Before the election, Democrats were already trying to impeach Hegseth, and the likelihood of an impeachment effort could increase with Democrats holding strong majorities in both chambers.
Vice President JD Vance is blaming the war for the GOP defeat. "The reason we lost is the war," he said in a lengthy post on X Wednesday morning.

#sources #washington #defense

Here's why stocks are doing something very different post-election from what many thought they would.
In the latest installment of Yahoo Finance's FA Corner, Mitlin Financial founder Lawrence Sprung joins The 8:30 team to discuss whether investors should immediately be reacting to events such as market volatility or sell-offs in tech stocks.

#stocks #mitlin #financial #lawrence

Here's why stocks are doing something very different post-election from what many thought they would.
In the latest installment of Yahoo Finance's FA Corner, Mitlin Financial founder Lawrence Sprung joins The 8:30 team to discuss whether investors should immediately be reacting to events such as market volatility or sell-offs in tech stocks.

#stocks