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<ul><li>Five states voted on some form of change to the minimum wage in Tuesday's US elections.</li><li>Missouri approved a raise, while Massachusetts and Arizona rejected changing how tipped workers are paid.</li><li>Results in Alaska and California were unclear early Wednesday.</li></ul>While economic issues were a major focus of this year's <a href="https://www.businessinsider.com/election-results-trump-harris-presidential-election-2024-11" target="_blank">US presidential election</a>, several states put pay directly on the ballot, and minimum-wage workers in at least one state are now set to get a raise after voting concluded Tuesday. Missouri, Massachusetts, California, and Alaska all had some form of referendum on their ballots on whether to hike the minimum wage paid by employers. In Massachusetts, voters were asked whether to gradually increase the share of tipped workers' pay that employers must provide, while voters in the three other states were presented with proposals for straightforward minimum-wage increases. In Arizona, voters weighed in on whether to decrease the tipped minimum wage — provided employers could show workers' wages would stay $2 above the state minimum when accounting for tips. Shortly after polls closed in Missouri, it was clear that the referendum there had passed. Voters in Massachusetts and Arizona rejected their proposals, and California and Alaska were still awaiting their results as of early Wednesday. <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Missouri</h2>In Missouri, voters opted to raise the state's minimum wage to $15 an hour by 2026. Per The New York Times, roughly 58% of Missouri voters had supported the measure as of early Wednesday, with some votes still uncounted. The measure, <a href="https://www.sos.mo.gov/elections/petitions/2024BallotMeasures#:~:text=Official%20Ballot%20Title%0AProposition,Proposed%20by%20Initiative%20Petition" target="_blank">Proposition A</a>, is set to first raise the minimum wage to $13.75 an hour from $12.30 on January 1 and then increase it again to $15 an hour on January 1, 2026. Starting in 2027, the wage is set to be pegged to inflation. The measure also mandates that employers give their workers an hour of paid leave for every 30 hours they work. Missouri separately voted in favor of former President Donald Trump, who said he'd "consider" a minimum-wage hike if it proved beneficial for small businesses. His opponent, Vice President Kamala Harris, had pledged support for raising the federal minimum wage to $15 an hour from $7.25. A group of Missouri business owners in favor of the measure praised Proposition A's passage on Tuesday evening. "Proposition A will strengthen Missouri's workforce and businesses," David Burmeister, the owner of Midwest Pasta Co. in St. Louis, said in a press release. "Raising the minimum wage will increase people's ability to shop at our business and local businesses across Missouri. We've seen that paying better wages is better business. Employees are happier at work and do a better job." <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Massachusetts</h2>In <a href="https://www.sec.state.ma.us/divisions/elections/publications/information-for-voters-24/quest_5.htm" target="_blank">Massachusetts</a>, employers won't be required to gradually raise tipped workers' base pay to match the state's minimum wage. The measure failed, with the Times reporting at the time of publication that 64% of voters had rejected it out of the votes counted so far. The measure, which would have begun taking shape on January 1, wouldn't have actually raised the legal minimum wage for tipped workers but instead would have raised the share of that minimum wage that employers were required to provide. Currently, Massachusetts employers are required to pay tipped workers a base pay of $6.75 an hour and then make up the difference if those workers' total pay counting tips is less than $15 an hour. The failed measure would have ultimately required employers to directly pay tipped workers the state's full minimum wage by 2029. <h2 style="color: rgb(34, 34, 34); font-family: Arial, Helvetica, sans-serif; background-color: rgb(255, 255, 255);">Arizona</h2>In Arizona, voters rejected a measure that would have let employers reduce their base pay for tipped workers. <a href="https://www.azleg.gov/alispdfs/Council/2024BallotMeasures/adopted%20analysis%20Proposition%20138%20SCR1040%20-%202024.pdf" target="_blank">Proposition 138</a> proposed allowing employers to pay tipped workers up to 25% less than the state's minimum wage, with the corollary that employers would need to establish their workers were still making the minimum wage plus an additional $2 an hour when accounting for tips. The Times reported that out of the votes counted so far, nearly 76% of voters had rejected the measure. That means that employers in Arizona can continue to pay their tipped workers $3 less than the current hourly minimum wage as long as workers are still making at least the minimum wage when accounting for tips. Correction: November 7, 2024 — An earlier version of this story included a sentence that incorrectly described the result of the ballot measure in Massachusetts. The system in which tipped workers are required to be paid at least $15 an hour through a combination of tips and a $6.75 hourly wage is the current system in Massachusetts, not a proposal on the ballot measure that voters rejected. The story was also updated to clarify the ballot results. The percentages attributed to The New York Times reflected the latest tally as votes were being counted, not New York Times projections for the final result. The specific figure of 76% in Arizona referred to the share of voters at the time who had rejected the ballot measure there, not the margin by which voters rejected the measure.

Workers in Missouri can look forward to raises after minimum-wage boosts passed

Global markets are looking ahead to the US Fed's meeting scheduled for Thursday, November 7, 2024, expecting the Jerome Powell-chaired FOMC (Federal Open Market Committee) to slash interest rates further by 0.25%. In September this year, the Fed surprised the markets by cutting interest rates by a massive 0.5%, for the first time in 4 years. As per the <keyword id="23807624" type="General" weightage="20" keywordseo="CME-Fed-Watch-Tool" source="keywords">CME Fed Watch Tool</keyword>, there is now a 99.5% chance that the Fed will reduce the interest rates by around 25 basis points, bringing it within the range of 4.5% to 4.75%. Only 0.5% believe that the Fed might leave the rates unchanged, within their present range of 4.75% to 5%. As for the Fed's December meeting, scheduled for December 18, per the CME Fed Watch tool, 79.5% believe that interest rates would be in the range of 4.25% to 4.5%. Another 20.4% believe that yields will remain in the range of 4.5% and 4.75%. Only 0.1% see the interest rates staying within their current range of 4.75% to 5% <h2>No major changes anticipated</h2>However, it is unlikely that this quarter-point rate cut would bring about any significant financial changes in the US economy. The Fed is again expected to bring down the interest rates by another 25 basis points in their December meeting. This would imply a total rate cut of about 50 basis points by the end of this year. So, why is the Fed not bringing down interest rates by 50 basis points in one fell swoop this time around? Why wait till December to bring down the rates by another 25 basis points? Experts believe that it could stoke inflation, which has seen a sharp decline in the recent past. A steep slash of borrowing rates could accelerate borrowing activity and inject significant cash into the economy at once, pushing up inflation. Per the Fed's recent projections, a total of 4 rate cuts are anticipated in 2025. On a YoY basis, inflation in the US dipped to 2.4%, close to the Fed's target of 2%. With inflationary pressures reined in, the economy growing at the rate of 2.8% during the third quarter of FY24, and the unemployment rate down to 4.1%, the markets see much merit in bringing interest rates down. This is especially important to boost spending, particularly in sectors such as housing and automobiles, where even a slight tinkering in interest rates can drastically impact the amount and volume of loans taken to own them. Data suggests that during Trump's presidency tenure, i.e., between 2017 and 2021, inflation averaged at a rate of 1.9% a year. During the Biden administration, where Kamala Harris served as VP, the inflation is on track to average around 5% a year. Shrisha Acharya, Vice President, Anand Rathi Global Finance, also notes that the results of the impending US elections, which are likely to be declared tomorrow, will impact the yields and stock markets. "The Trump card, coupled with potential Republican control, could mean higher bond yields due to anticipated increases in deficit spending, inflation risks, and potential tax cuts. This could very well jiggle the confidence in U.S. Treasury bonds and thus start a chain effect that will possibly impact global market stability and lead to short-term volatility. On the other hand, Harris’ rise has been met with a stock market rally glued on expectations of economic stability and controlled inflation, with more predictable fiscal policy likely to help in a soft landing," he explains.

What can you expect from the US Fed meeting later this week? Here's all you need to know

<ul class="summary-list"><li>Former President Donald Trump bested Vice President Kamala Harris in the 2024 presidential election.</li><li>Trump won largely by breaching Democrats' "blue wall."</li></ul>Former President <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump">Donald Trump</a> won a second term in office, overcoming an intense level of political opposition — as well as doubts over his fitness for office — by driving home a message that he would be the best candidate for Americans' pocketbooks.<a target="_blank" class="" href="https://x.com/FoxNews/status/1854053633198825482">Fox News</a> called the race early Wednesday morning. A little under four hours later, <a target="_blank" class="" href="https://x.com/CNN/status/1854109735076676021">CNN</a>, <a target="_blank" class="" href="https://x.com/NBCPolitics/status/1854109434735169912">NBC News</a>, <a target="_blank" class="" href="https://x.com/CBSNews/status/1854111079984501068">CBS News</a>, and <a target="_blank" class="" href="https://x.com/ABCPolitics/status/1854111153305088285">ABC News</a> also called a Trump victory after the result in Wisconsin put Trump over the 270 electoral votes he needed to win the presidency.In defeating Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a>, Trump will return to the White House after voters ousted him from office in the 2020 election.Trump had essentially been running for president since his 2020 loss. He sought to overturn Joe Biden's victory and was impeached by the US House of Representatives for "incitement of insurrection" over his role in the Capitol riot on January 6, 2021. (He was later acquitted by the US Senate.)In November 2022, Trump launched his presidential campaign on the heels of a disappointing night for the GOP, as the party failed to retake the Senate and only barely won back a House majority. But he used the head start to hammer potential GOP primary opponents and gradually reaffirmed his standing as the party's leader.Trump easily dispatched top figures like Gov. <a target="_blank" class="" href="https://www.businessinsider.com/ron-desantis-wife-kids-family-photos">Ron DeSantis</a> of Florida and <a target="_blank" class="" href="https://www.businessinsider.com/nikki-haley-family-husband-kids-immigrant-parents-photos">Nikki Haley</a>, the former ambassador to the UN, in the 2024 GOP primaries, which further strengthened his hand as he eyed a general-election rematch against Biden.But Biden's exit from the race — following a disastrous <a target="_blank" class="" href="https://www.businessinsider.com/what-happened-biden-trump-debate-takeaways-2024-6">debate against Trump</a> in June — paved the way for Harris' candidacy. The vice president quickly consolidated Democratic support and attracted the sort of donor base that was able to compete directly with GOP megadonors.Still, Trump continued to hold a polling advantage on the economy throughout the general-election race, which for many voters overrode concerns over his behavior while in office.And despite Harris' strong start and her robust campaign apparatus, she was still unable to overcome Trump's enduring level of support from his conservative base.Addressing his supporters in West Palm Beach, Florida, early Wednesday morning, before the race was called, Trump said his election victory would usher in the "golden age of America" and vowed to "help our country heal.""America has given us an unprecedented and powerful mandate," he added.Trump's return to the White House is also poised to have profound effects on the judiciary.Should either Associate Justices <a target="_blank" class="" href="https://www.businessinsider.com/clarence-thomas-takes-aim-at-osha-2024-7">Clarence Thomas</a> or Samuel Alito retire from the bench within the next four years, Trump has the potential to name at least one more conservative jurist to the court. And if he is able to appoint two additional justices, it means that a majority of the court would consist of his appointees — a stunning level of influence that could have reverberations for generations.

Trump wins the 2024 presidential election

<ul class="summary-list"><li>On <a target="_blank" class="" href="https://www.businessinsider.com/what-to-watch-for-election-day-harris-trump-congress-2024-11">Election Day 2024</a>, both parties are eyeing their pathways to victory.</li><li>Vice President Kamala Harris is facing former President Donald Trump.</li></ul>Over the past two decades, the road to the White House — once dominated by Florida and Ohio — has evolved.While bellwethers like Pennsylvania and Wisconsin remain a critical part of the calculus for Democratic and Republican presidential nominees in reaching the 270 electoral vote threshold for victory, the Sun Belt region has also grown in importance.For Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a> and former President <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump">Donald Trump</a>, who are facing each other in 2024 presidential election on Tuesday, every vote will be crucial in what is considered a tight race.Both campaigns have been targeting a narrow band of seven swing states to capture the White House: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin.Democrats — who defied conventional political wisdom in 2022 by retaining their <a target="_blank" class="" href="https://www.businessinsider.com/live-results-us-senate-midterm-elections-2022-11">Senate majority</a> and minimizing major losses in the House despite losing control of the lower chamber — are working hard to hold the White House as they face voter unease over the economy and pushback over the Israel-Hamas war.Before President Joe <a target="_blank" class="" href="https://www.businessinsider.com/joe-biden-dropping-out-presidential-race-2024-7">Biden dropped out</a> of the race for reelection in July 2024, Republicans believed that he would be a liability for Democrats. But the GOP's political calculus for the race evolved after the emergence of Harris as the Democratic nominee.And Republicans have had myriad struggles over the last two years as their stewardship of the House has not exactly worked out how they had hoped. They elected a speaker (<a target="_blank" class="" href="https://www.businessinsider.com/kevin-mccarthy-lost-speakership-cbs-interview-angered-democrats-votes-2023-10">Kevin McCarthy</a> of California) who was subsequently removed and have struggled to enact an agenda under a new speaker (Mike Johnson of Louisiana) with a razor-thin majority. The series of events created a "chaos" narrative around the party, which doesn't help at the top of the ticket.The GOP must also contend with the toxicity of Trump's political brand among a sizable contingent of voters, especially among suburbanites and Independents who are likely to decide the election.One major issue that has continued to weigh down Republican candidates is <a target="_blank" class="" href="https://www.businessinsider.com/abortion-rights-ohio-virginia-kentucky-elections-gop-roe-v-wade-2023-11">abortion rights</a>, especially as voters in an array of states have rejected several anti-abortion measures following the Supreme Court's 2022 decision to overturn Roe v. Wade. Democrats have won big in urban and suburban districts over the issue — from congressional races to local elections — and they've even made inroads in some GOP-leaning areas where blocs of Republicans support some form of abortion rights.Trump has been eager to take credit for installing three conservative justices on the Supreme Court, and in April 2024 he stated that <a target="_blank" href="https://www.businessinsider.com/trump-said-abortion-bans-should-be-left-states-2024-4">abortion was now an issue to be determined in the states</a>, frustrating many conservatives who have sought a national abortion ban.<a target="_blank" href="https://www.businessinsider.com/guides/streaming/where-to-watch-election-results-live-stream-2024">Election results</a> are set to start coming in on Tuesday night, but it could take days before a winner is called.Here's what to know about the seven battleground states that will ultimately determine who wins the race.<h2 id="898f6da7-6aef-4802-9d80-a0b3bf74da20">Arizona</h2>2012 margin: Romney +9.0%2016 margin: Trump +3.5%2020 margin: Biden +0.3%Between 1952 and 2016, Arizona backed the Republican presidential nominee in every election except for 1996 — when then-President Bill Clinton won the state over former Kansas Sen. Bob Dole by a little over 2 points.Long associated with Barry Goldwater, the conservative political icon who was the Republican presidential nominee in 1964, the Grand Canyon State for decades had a decidedly red lean in federal races.But as the population of Arizona has swelled, its political orientation has also shifted.In 2012, former Massachusetts Gov. Mitt Romney easily won the state over then-President Barack Obama, but former Secretary of State Hillary Clinton whittled the GOP margin of victory down to just under 4 points in 2016.Biden, buoyed by gains among the state's burgeoning <a target="_blank" class="" href="https://www.businessinsider.com/young-latino-educated-voters-helped-biden-flip-arizona-trump-election-2020-11">Latino population</a>, narrowly won the state over Trump in 2020 by a little under 11,000 votes out of nearly 3.4 million ballots.Democrats remain encouraged by their performance in Arizona in the 2022 midterms.Not only did Secretary of State Katie Hobbs defeat MAGA-infused <a target="_blank" class="" href="https://www.businessinsider.com/results-katie-hobbs-kari-lake-arizona-governor-election-2022-11">Kari Lake</a> in the gubernatorial race, but Sen. <a target="_blank" class="" href="https://www.businessinsider.com/results-mark-kelly-blake-masters-arizona-senate-election-2022-11">Mark Kelly</a> won a full six-year term over Republican Blake Masters. Adrian Fontes was also elected to succeed Hobbs over state Rep. Mark Finchem, who repeatedly questioned the 2020 presidential election results.Harris will have to recreate a win in a state where Republicans have long been the dominant party. And Lake is now running in the state's marquee Senate race, where she's facing Democratic Rep. Ruben Gallego.<h2 id="2db802c5-f372-4aac-a96d-982425694dbf">Georgia</h2>2012 margin: Romney +7.8%2016 margin: Trump +5.1%2020 margin: Biden +0.2%For decades, Republicans could easily depend on the Peach State's electoral votes falling into their column. No more.While GOP politicians were enjoying double-digit wins in statewide races, former Democratic state House Minority Leader <a target="_blank" class="" href="https://www.businessinsider.com/stacey-abrams-bio-georgia-joe-biden-democrats-voter-registration-election-2020-11">Stacey Abrams</a> — who saw the possibility of a more politically competitive Georgia — worked behind the scenes to build a turnout organization that could rival that of the Republican Party.In 2018, Abrams came within 55,000 votes of winning that year's gubernatorial election.Two years later, <a target="_blank" class="" href="https://www.businessinsider.com/joe-biden-wins-georgia-democratic-party-south-presidential-election-2020-11">Biden won Georgia</a> by roughly 12,000 votes over Trump, followed by the dual <a target="_blank" class="" href="https://www.businessinsider.com/raphael-warnock-jon-ossoff-georgia-senate-shifting-demographics-religion-stimulus-2021-1">2021 runoff victories</a> of Sens. Raphael Warnock and Jon Ossoff over Republicans Kelly Loeffler and David Perdue, respectively.The exponential growth of the Atlanta suburbs, driven by new Black, Asian, and Latino residents, has given the state a purple veneer — but the 2022 midterms also showed the limitations of Democratic gains.<a target="_blank" class="" href="https://www.businessinsider.com/raphael-warnock-herschel-walker-georgia-senate-runoff-election-results-2022-12">Warnock won</a> a full six-year term in a December runoff after fending off a challenge from Republican Herschel Walker, becoming the only Democrat to win statewide in the midterms. But Walker, aided by robust support in the state's rural counties, still won 48.6% of the vote in the runoff, despite a candidacy that some Republicans saw as deeply flawed.And Republicans were victorious in every other statewide election, led by Gov. Brian Kemp, who defeated Abrams in a rematch of their 2018 contest by nearly 300,000 votes.This year, both parties will <a target="_blank" href="https://www.businessinsider.com/georgia-biden-trump-swing-state-election-atlanta-jump-ball-2024-4">have fought hard</a> to capture the state's 16 electoral votes: Democrats have focused heavily on turning out Black voters and suburban voters in metro Atlanta, while Republicans looked to boost their traditional support in the state's rural stretches.Translation: Georgia has remained on everyone's mind this year.<h2 id="746ed130-5944-4a3b-a75d-e8b8a536f565">Michigan</h2>2012 margin: Obama +9.5%2016 margin: Trump +0.2%2020 margin: Biden +2.8%Michigan has long been a critical part of the electoral calculus for Democrats, as they carried the state in every presidential race from 1992 to 2012 by appealing to voters in Detroit and its middle- and upper-middle-class suburbs, while also enjoying support among union households and moderates in the exurban and rural stretches of the state.But the party was stunned by Trump's narrow 2016 win in the longtime blue state, as the Republican made significant inroads with the base of white working-class voters who had been slowly drifting away from Democrats cycle after cycle.In 2020, the party put a premium on flipping the Wolverine State back into its column, which Biden did, winning by nearly 3 points over Trump.And in November 2022, Democrats in the state boasted some of their party's most impressive victories in the entire country.Gov. <a target="_blank" class="" href="https://www.businessinsider.com/results-gretchen-whitmer-tudor-dixon-michigan-governor-election-2022-11">Gretchen Whitmer</a> won reelection by nearly 11 points, while state Attorney General Dana Nessel and Secretary of State Jocelyn Benson easily won their races. The party also flipped control of both houses of the Michigan legislature, and a referendum enshrining reproductive rights into the state Constitution was approved by voters.Still, despite the Democratic wins, the state's 15 electoral votes have been a sought-after prize for both parties in 2024.A major caveat: Biden has faced enormous pushback from the state's Arab American community over his handling of the conflict in Gaza, which led more than 100,000 Michiganders to vote "uncommitted" instead of selecting the president in the March Democratic primary. It remains unclear how these voters will respond to Harris' candidacy.<h2 id="662fa2f3-defd-4355-9bae-934ddc230f86">Nevada</h2>2012 margin: Obama +6.7%2016 margin: Clinton +2.4%2020 margin: Biden +2.4%Democrats have been victorious on the presidential level in the Silver State since 2008, when Obama won by nearly 13 points, followed by his victory of nearly 7 points in 2012.But Clinton and Biden both won the state by a little over 2 points, as Republicans have seen the fast-growing Western state as one that can be flipped into their column, especially if they can make inroads in Democratic-heavy Clark County.In the 2022 midterms, Republicans got a huge boost in the state when their gubernatorial nominee, Clark County Sheriff <a target="_blank" class="" href="https://www.businessinsider.com/results-steve-sisolak-joe-lombardo-nevada-governor-election-2022-11">Joe Lombardo</a>, defeated incumbent Democratic Gov. Steve Sisolak.But Democrats also notched a major win by reelecting Sen. <a target="_blank" class="" href="https://www.businessinsider.com/results-catherine-cortez-masto-adam-laxalt-nevada-senate-election-2022-11">Catherine Cortez Masto</a> to a second term over former state Attorney General Adam Laxalt, who had been strongly backed by Trump. And after state Democrats approved congressional maps that some in the party saw as especially risky in a GOP wave year, all three of the party's House incumbents — Dina Titus, Steven Horsford, and Susie Lee — won their respective races.The ticket-splitting in the midterms once again showed the critical nature of Nevada in national politics. Both parties are looking to win the state in 2024, especially as the economy remains at the forefront of voters' minds.<h2 id="4e302a43-e844-46e3-b75c-b5be667c5284">North Carolina</h2>2012 margin: Romney +2.04%2016 margin: Trump +3.7%2020 margin: Trump +1.3%Since 1980, Republican presidential nominees have won North Carolina in virtually every election, with the exception being Obama's razor-thin 2008 victory over then-Arizona GOP Sen. John McCain.And no presidential candidate has secured a majority of the vote in North Carolina since Romney won 50.4% of the vote in 2012, making this once solidly-red presidential state a real battleground.Democrats have focused heavily on North Carolina this year, given the close nature of the results in 2020, as well as the fact that the party sees the state as one where they can appeal to its suburban electorate — a critical part of Biden's coalition four years ago.However, the GOP is banking on Trump's popularity in the state's rural regions, which could sway the statewide tally in the former president's favor if he's able to effectively turn out his supporters.And in addition to the presidential race is the highly-competitive gubernatorial contest between Democratic state Attorney General Josh Stein and Republican Lt. Gov. Mark Robinson, two well-known statewide figures who are angling to succeed term-limited Democratic Gov. Roy Cooper.<h2 id="10b160e7-a52c-4e12-adfa-b0b6cf0da82c">Pennsylvania</h2>2012 margin: Obama +5.4%2016 margin: Trump +0.7%2020 margin: Biden +1.2%Biden's hometown of Scranton is dear to his heart so Pennsylvania was always going to be a key state for the party in 2024. And even with Biden out of the presidential race, the state remains just as critical for Democrats.Democrats carried Pennsylvania in every presidential race from 1992 to 2012, until Trump narrowly edged out Clinton in 2016, gaining support among the white working-class voters who populate the exurban and rural communities across the state.But Biden clawed back in 2020, boosted by strong returns in Philadelphia and its affluent suburbs, as well as a robust vote in Allegheny County, which includes Pittsburgh.And in 2022, Democrats had a huge year in the state, electing Lt. Gov. <a target="_blank" class="" href="https://www.businessinsider.com/results-john-fetterman-mehmet-oz-pennsylvania-us-senate-election-2022-11">John Fetterman</a> to the Senate to succeed retiring GOP Sen. Pat Toomey, while also electing state Attorney General <a target="_blank" class="" href="https://www.businessinsider.com/results-doug-mastriano-josh-shapiro-pennsylvania-governor-election-2022-11">Josh Shapiro</a> in a landslide to succeed term-limited Democratic Gov. Tom Wolf.The party also regained control the state House of Representatives, winning back a majority they lost in the 2010 midterms.Despite the GOP losses, the party — keen on winning back some suburban voters and improving their margins in the state's rural outposts — has been making a major play for Pennsylvania this year.<h2 id="dc1790c5-fa2e-4bc3-8a48-8e88a92bbe00">Wisconsin</h2>2012 margin: Obama +6.9%2016 margin: Trump +0.8%2020 margin: Biden +0.6%Wisconsin is one of the most politically divided states in the country.Democratic presidential nominees Al Gore and John Kerry eked out statewide wins in 2000 and 2004, respectively, and Obama won the state easily in 2008 and 2012.But Trump flipped Wisconsin to the GOP in 2016, the first time it had supported a Republican presidential nominee since 1984.Democrats, stunned by the loss, regrouped and elected Tony Evers as governor in 2018 — knocking out onetime GOP star Scott Walker — while also reelecting Sen. Tammy Baldwin to a second term.Biden went on to narrowly win the state over Trump in 2020.And in November 2022, Evers was reelected to a second term over Republican businessman Tim Michels, while GOP Sen. <a target="_blank" class="" href="https://www.businessinsider.com/results-ron-johnson-mandela-barnes-wisconsin-us-senate-election-2022-11">Ron Johnson</a> narrowly defeated then-Lt. Gov. Mandela Barnes to earn a third term in the upper chamber.Both parties have been eyeing the Badger State — and looking to turn out their respective bases — in what will be another competitive race on the presidential level.

The 2024 presidential election may come down to swing states' results. Here's where Trump and Harris lead in the polls.

<ul class="summary-list"><li>Polls close Tuesday night, but it's unclear when we'll know the results of the 2024 election.</li><li>Some states' election laws allow for some votes to be counted before polls close; others do not.</li></ul>After nearly two years of campaigning, two assassination attempts, and an unprecedented decision by the sitting president to drop out of the race, the 2024 US presidential election is coming to an end.Polls have closed in some places, and results will begin rolling in soon.The <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-donald-trump-swing-states-sun-belt-polls-2024-11">final week</a> of the race between Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a> and former President <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump">Donald Trump</a> was all about outrage, with each candidate trying to <a target="_blank" class="" href="https://www.businessinsider.com/election-trump-harris-outrage-garbage-mark-cuban-puerto-rico-2024-11">amplify controversial comments</a> from the other's camp to try to shake up a race in which <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-donald-trump-swing-state-polls-photo-finish-2024-11">polls remained incredibly tight</a> to the end.The election is expected to come down to just seven states that polling has indicated either candidate could win: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin.Each state has different election laws, and some are expected to take longer than others to count the vote. If the race is as tight as polling suggests, there's a very good chance we won't know who won the election until sometime after Tuesday night.Here's the latest — and what to watch for.<h2 id="15729b0a-41c1-4bdf-969a-d43a46391721">When we'll know the results in each state</h2>In some states, we may know the results pretty quickly. In others, counting may take days. Poll closing times listed below are in Eastern Time.7 p.m. — Polls close in Georgia, where a winner could be declared by late Tuesday night. Though the state took days to process mail-in ballots in 2020, a new law allowed election officials to begin tabulating those votes Tuesday morning, speeding up the process.7:30 p.m. — Polls close in North Carolina, which has historically counted votes quickly. A winner could be declared Tuesday night.8 p.m. — Polls close in Michigan and Pennsylvania. Michigan is expected to count ballots relatively quickly and could announce a result Tuesday night or early Wednesday.But the Pennsylvania count is expected to take days. That's because the election is expected to be so close in the Keystone State and because a big chunk of the electorate votes by mail, and officials can't begin to count those votes until polls close.In 2020, most news outlets didn't call Pennsylvania until Saturday — at which point Joe Biden became president-elect.9 p.m. — Polls close in Wisconsin and Arizona. We may not know the <a target="_blank" class="" href="https://www.cnn.com/2024/09/22/politics/vote-counting-delays-election-states/index.html">results in Wisconsin</a> until Wednesday, a state election official told CNN in September, in part because of the amount of time it takes to count absentee ballots in the heavily Democratic city of Milwaukee.Like Pennsylvania, Arizona's vote count is expected to take days, given that most of the electorate is expected to vote by mail. Initial results probably won't be available until 10 p.m.10 p.m. — Polls close in Nevada, which could also take days to count, given that most of the state is expected to vote by mail.<h2 id="7329bb1b-3a45-4204-887d-e708e935be38">How to read the Electoral College math</h2>The US uses the Electoral College to elect a president. Each state gets a set number of votes that correlates with its population — if a state has two US senators and three House members, it has five electoral votes.The winner must get at least 270 electoral votes — a majority of the 538 total. In the vast majority of states, either Harris or Trump is widely expected to win, leaving the campaigns to fight over the 93 electoral votes up for grabs in the seven battleground states.If Harris wins Georgia, North Carolina, and Michigan on Tuesday night or early Wednesday, she will have a projected 273 electoral votes — enough to make her the winner.If Trump sweeps those states, he'll have a projected 266 electoral votes — not enough to be declared the winner but it would him in a very strong position to win.Harris' easiest path to victory would be to win the traditional "blue wall" states of Pennsylvania, Michigan, and Wisconsin — a result that should put her at 270 electoral votes. She has generally polled better in these states than the Sun Belt states of Arizona, Nevada, Georgia, and North Carolina.For Trump, one path to victory would involve holding on to all or most of the Sun Belt states while also winning Pennsylvania, Michigan, or Wisconsin.

Election results are coming in soon. Here's where things stand.

<ul class="summary-list"><li>Ali Abbasi's film "The Apprentice" explores Trump's rise with lawyer Roy Cohn's guidance.</li><li>The film highlights Trump's tactics, which influenced his career and presidency.</li></ul>Director Ali Abbasi's "The Apprentice" presents a dramatized origin story for Donald Trump (played by Sebastian Stan), who, in the span of a few decades, goes from a nobody to a New York real-estate tycoon under the guidance of his lawyer, Roy Cohn (Jeremy Strong).Though the movie doesn't delve into Trump's political aspirations — it ends right when author Tony Schwartz begins to discuss ghostwriting the 1987 book "<a target="_blank" class="" href="https://www.businessinsider.com/the-art-of-the-deal-donald-trump-leadership-2017-1">The Art of the Deal</a>" with Trump — we see how the main lessons from Cohn would be Trump's guiding principles through his career and into his presidency, including attack, attack, attack; deny everything, admit nothing; and always claim victory.That "always claim victory" rule came into play during the 2020 presidential election. After his loss, Trump maintained that the election was stolen from him and that he'd actually won over Joe Biden.Soon after, Pro-Trump insurrectionists attacked the US Capitol in an attempted coup on January 6, 2021, that left four dead. Trump has <a target="_blank" class="" href="https://www.businessinsider.com/trump-denies-responsibility-jan-6-reaffirms-support-mccarthy-leaked-call-2022-4">denied responsibility for the January 6 insurrection</a> and publicly <a target="_blank" class="" href="https://www.presidency.ucsb.edu/documents/videotaped-remarks-the-attack-the-united-states-capitol-the-certification-the-electoral">condemned</a> it as a "heinous attack" that left him "outraged by the violence, lawlessness, and mayhem."<div type="image" title="trump speaking in nevada 2024" height="683" width="1024" msid="114227281" hostid="261" sizebytes="45562"></div>The 2024 presidential election, in which Trump seeks to reclaim the presidency against Vice President Kamala Harris, is now less than a month away.The question of whether Trump will accept the results of this election remains unclear. In May, Trump said he'd <a target="_blank" class="" href="https://www.cnn.com/2024/05/02/politics/donald-trump-accept-2024-election-results/index.html">accept the results if "everything's honest."</a> A month later, at the first debate with President Joe Biden, he was <a target="_blank" class="" href="https://www.axios.com/2024/06/28/trump-2024-election-results">unwilling to say if he would accept the results or not</a>. In August, he told <a target="_blank" class="" href="https://www.youtube.com/watch?v=dmfGRdlBq38">CBS News</a> he would accept the results if they were "fair and free."In a recent interview promoting "The Apprentice," Abbasi, who has been studying Trump since he signed on to make the film in 2018, weighed in on whether he believes Trump will accept the results in the event of a loss."I saw, like everyone else, what happened on January 6, which was horrific," <a target="_blank" class="" href="https://www.businessinsider.com/the-apprentice-ali-abbasi-director-donald-trump-movie-challenges-2024-10">he told Business Insider</a>. "And I have a feeling that a lot of people got away with insane stuff. Look at that footage.""When you see that, you think, why would they change their opinion about this election? Why would they magically accept this when they didn't accept that?" Abbasi continued.<div type="image" title="Maria Bakalova as Ivana Trump and Sebastian Stan as Donald Trump in &quot;The Apprentice.&quot;" height="675" width="1200" msid="114227280" hostid="261" sizebytes="66734"></div>"But somehow, I'm an optimist," he added. "I was optimistic when people told me not to do this movie, or when people said no one would buy this movie. So, I really hope that everyone learned their lesson on January 6th. I hope to think that even though people may be tempted to do that again, they know what the consequences are, and they don't do it."In August 2023, Trump was <a target="_blank" class="" href="https://www.businessinsider.com/trump-january-6-criminal-indictment-charges-explained-2023-7">indicted on four charges in connection to January 6,</a> including conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction or an attempt to obstruct an official proceeding, and conspiracy against rights. <a target="_blank" class="" href="https://www.businessinsider.com/trump-hit-with-revised-january-6-indictment-jack-smith-2024-8">A year later</a>, the four counts were revised to remove some of the alleged conduct that may now be protected by presidential immunity. Trump has <a target="_blank" class="" href="https://www.cnn.com/2024/09/03/politics/trump-not-guilty-plea-january-6-charges-smith/index.html">pleaded not guilty</a>.After interviewing Abbasi, Business Insider reached out to Trump for comment. A spokesperson for the former president slammed the movie."This 'film' is pure malicious defamation, should never see the light of day, and doesn't even deserve a place in the straight-to-DVD section of a bargain bin at a soon-to-be-closed discount movie store," Trump communications director Steven Cheung said in a statement. "It belongs in a dumpster fire.""The Apprentice" is now playing in theaters.

'The Apprentice' director is 'optimistic' Trump will accept the presidential election results

In early Wednesday trading, the Indian rupee slid 14 paise to hit an all-time low of 84.23 per US dollar, weighed down by continued outflows of foreign funds and a robust US dollar in global markets. Forex analysts highlighted the volatility stemming from the ongoing US elections, suggesting that stability could return once results are clear in this close race. The US Federal Reserve is also on the radar, with an anticipated interest rate cut this week and a projected easing of up to 100 basis points by 2025. At the interbank forex market, the rupee opened at its historic low of 84.23 against the dollar, down from its previous close of 84.09. On Tuesday, the currency had ended slightly stronger, gaining 2 paise. Meanwhile, the dollar index, which tracks the strength of the US dollar against six major currencies, climbed 1.64% to 105.11. According to Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors, the index rose following initial election results showing former President Trump ahead, with the Republican party also leading in both the Senate and the House of Representatives. The global oil market saw movement as Brent crude prices dipped 0.98%, trading at USD 74.79 per barrel. Bhansali noted that the rupee’s trajectory will heavily depend on the Reserve Bank of India’s (RBI) response, particularly as the currency fluctuates with real-time election outcomes. He estimated an intra-day trading range between 84.00 and 84.35. On the domestic front, Indian stock markets showed positive trends. The Sensex climbed by 390.93 points (0.49%) to reach 79,867.56, while the Nifty rose by 135.60 points (0.56%) to 24,348.90. Despite these gains, foreign institutional investors (FIIs) were net sellers on Tuesday, pulling out Rs 2,569.41 crore from the capital markets, as per stock exchange data. This withdrawal underscores the challenges facing the Indian currency amid global financial uncertainties. (with PTI inputs)

Rupee hits record low of 84.23 against US dollar amidst US elections 2024

New Delhi [India], June 4 (ANI): The mammoth exercise to count votes polled for the Lok Sabha seats in the 2024 elections will begin at 8 am on Tuesday, with trends and results following shortly thereafter. Results of the <keyword id="6372146" type="General" weightage="20" keywordseo="Assembly-elections" source="Orion">Assembly elections</keyword> in Sikkim, Arunachal Pradesh, Odisha and Andhra Pradesh were held simultaneously with voting for the 543-member Lok Sabha. Results of 175 Assembly constituencies in Andhra Pradesh and 147 Assembly constituencies in Odisha and results of bypolls in 25 Assembly constituencies will also be declared today. Here're the LIVE results: <div type="javascript" title="Custom" contenttype="Infographic"><cdata><![CDATA[]]></cdata></div> Strict security has been put in place for the smooth conduct of counting of votes for over 8,000 candidates in this general elections. Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) will seek a third consecutive term in government, while the Congress-led opposition aims to unseat them. Most <keyword id="43771" type="General" weightage="20" keywordseo="exit-polls" source="Orion">exit polls</keyword> have predicted a return of PM Modi to power, a development which will make him the first Prime Minister since Jawaharlal Nehru to secure a third successive term in power, Meanwhile, a delegation of Indian National Developmental Inclusive Alliance (INDIA) bloc leaders met with the Election Commission of India urging it to ensure that postal ballots are counted and their results declared before the outcome of the EVMs is announced. Earlier, Chief Election Commissioner Rajiv Kumar had said that a "very robust system" has been put in place. "There are around 10.5 lakh booths. Each booth will have 14 tables. There are observers and micro-observers. Nearly, 70-80 lakh people are involved in the process," he said. The national capital is all set to witness the battle. With tight security arrangements in place, Delhi is well-prepared to watch the results of the 2024 <keyword id="19923279" type="General" weightage="20" keywordseo="Lok-Sabha-Elections" source="keywords">Lok Sabha elections</keyword>. Around 70 companies of the security forces will be deployed at all seven counting centres across the national capital as part of the elaborate security arrangements made by the Delhi Police for today. Delhi traffic police issued a fresh advisory ahead of the counting of votes scheduled for Tuesday, listing key roads where traffic restrictions and diversions will start from 5 am onwards to ensure smooth vehicular movement. Prime Minister Modi's hometown, Gujarat, is also preparing for the vote-counting day as security forces rehearse and perform drills for the effortless conduct of D-day. Exit polls have predicted the return of the BJP to power. Various exit polls have given the BJP more than 64 seats in Uttar Pradesh. The BJP-led National Democratic Alliance is poised for a hat-trick win in Lok Sabha polls with a massive majority. Exit polls were predicted on Saturday and indicated that the ruling party at the Centre would improve its performance in several states ruled by other parties. A few exit polls predicted that the BJP-led NDA could reach the goal of "400 paar" stated by BJP leaders in the run-up to the Lok Sabha polls. The exit polls predicted that the ruling BJP-led NDA is poised to improve its performance over its 2019 record when it won 352 seats. Two polls predicted the BJP would also improve its numbers from the 303 seats it won in the 2019 Lok Sabha polls. In the 2019 elections, NDA wrested 353 seats, of which the BJP won 303 alone. The Opposition's UPA got only 93 seats of which the Congress got 52. The Lok Sabha elections were conducted in seven phases- on April 19, April 26, May 7, May 13, May 20, May 25 and June 1. The counting trends and results, as per data entered by RO/ARO for AC/PC will be available on the ECI website as well as on the Voter Helpline App, both iOS and Android Mobile Apps, according to the ECI. The Voter Helpline App can be downloaded from the Google Play Store or Apple Play Store. Users can use the available filter to find out the winning/leading or trailing candidate details, along with the constituency-wise or State-wise results from the Voter Helpline App. The local display of the trends and results by the CEOs/ROs/DEOs may also be done through the Digital Display Panels, it said.

Lok Sabha elections 2024 results: Mammoth vote-counting exercise set to begin at 8 am, amid high security

<keyword id="1575" type="General" weightage="20" keywordseo="congress" source="Orion">Congress</keyword> president <keyword id="19897159" type="General" weightage="20" keywordseo="Mallikarjun-Kharge" source="keywords">Mallikarjun Kharge</keyword> on Monday wrote an open letter to the country's bureaucracy on the eve of counting of votes for the <keyword id="19923279" type="General" weightage="20" keywordseo="Lok-Sabha-elections" source="keywords">Lok Sabha elections</keyword>, urging officers to adhere to the Constitution and serve the nation "without fear, favour and ill-will against anybody". "Do not get intimidated by anyone. Do not bow down to any unconstitutional means. Do not be afraid of anyone and discharge your duties, based on merit, on this counting day," he wrote. "We owe it to future generations, a vibrant Democracy and a long-lasting Constitution, as penned by the makers of modern India," he said. The counting of votes polled in the Lok Sabha elections will be held on Tuesday. <div type="javascript" title="Custom" contenttype="Infographic"><cdata><![CDATA[]]></cdata></div> "In this hope that India remains truly Democratic in nature, I extend good wishes to each one of you, and expect that our eternal ideals of the Constitution remain untarnished," the Congress chief said. In his appeal to all civil servants and officers, he said he is writing in his capacity of the Leader of the Opposition (Rajya Sabha) and as the president of the <keyword id="19964138" type="General" weightage="20" keywordseo="Indian-National-Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian National Congress" meta.hostid="83" meta.entityid="Indian National Congress">Indian National Congress</keyword>. He congratulated the Election Commission of India, the Central Armed Police Forces, state police forces, civil servants, district collectors, volunteers and all in the bureaucracy who were involved in the smooth conduct of the mammoth general elections. "Our inspiration and India's First Home Minister, Sardar Vallabhbhai Patel famously called the civil servants as the 'Steel frame of India'. The people of India are well aware that it is the Indian National Congress which established numerous institutions, laid their solid foundation, and devised mechanisms for their independence, on the basis of the Constitution of India. "Independence of the institutions is paramount, for every civil servant takes oath of the Constitution that they 'will faithfully and conscientiously discharge their duties and will do right to all manner of people in accordance with the Constitution and the law, without fear or favour, affection or ill-will'," he said. "In this spirit we expect every bureaucrat and officer - from top to bottom of the hierarchy, to discharge their duties in the spirit of the Constitution, without any coercion, threat, pressure or intimidation either from the ruling party/coalition or from the opposition party/coalition," the Congress chief said in his letter. He said that the Congress, through the Constitution prepared by inspirational founding members such as Pandit Jawaharlal Nehru, B R Ambedkar, Rajendra Prasad, Maulana Azad, Sarojini Naidu and countless others, not only created a framework of strong governance, but also ensured affirmative action through representation of the marginalised in the bureaucracy and the civil society. "The last decade has witnessed a systemic pattern to assault, undermine and suppress our autonomous institutions by the ruling party. India's Democratic ethos are being consequently damaged. There is a widespread tendency to turn India into a regimental dictatorship. "We are increasingly seeing some institutions shedding their independence and brazenly following the diktats of the ruling party. Some have completely adopted their style of communication, their way of functioning, and in some cases even their political rhetoric," Kharge said. But it is not their fault, he said. "With brute power, threat, coercive mechanisms and misuse of agencies, this tendency to bow to the powers that have become a way for their short-term survival. Even though, in this denigration, India's Constitution and Democracy have become a casualty." The Congress chief also said that the "will of the people" is supreme, and people want Indian bureaucracy to again be the same 'Steel frame of India' as envisaged by Sardar Patel. "Indian National Congress now urges the entire bureaucracy, to adhere to the Constitution, enact their duties, and serve the nation, without fear, favour and ill-will against anybody," Kharge said. Counting for the 2024 Lok Sabha elections would be held on Tuesday, and both the ruling NDA and the opposition INDIA bloc have claimed victory. Meanwhile, BJP IT cell head Amit Malviya shared a purported letter of the Congress in which it has asked all its cadres to reach the counting centres. However, there was no confirmation of the letter from the Congress. "<keyword id="1571" type="General" weightage="20" keywordseo="congress-party" source="Orion">Congress party</keyword>'s instruction to its workers' reads like a manual to riot...There is absolutely no merit in asking people to assembly in state and district offices because counting happens in a designated secure zone for each Lok Sabha, unless the idea is to unleash mobs and disrupt the process," Malviya said in a post on X while sharing the unsigned letter of the Congress.

'Follow Constitution, serve nation without fear': Congress chief Kharge writes open letter to bureaucrats

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-gop-spending-130-million-2024-10">Donald Trump megadonor Elon Musk's</a> private jet has landed in Florida.</li><li>He will reportedly spend election night with Donald Trump at Mar-a-Lago.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk's</a> private jet has landed in Florida, where the billionaire will reportedly watch the election results roll in with Donald Trump at Mar-a-Lago.After flying from Austin to Cameron County, Texas — where SpaceX is located and Musk said he voted — earlier this afternoon, Musk's private jet landed in West Palm Beach, according to jet-tracking service <a target="_blank" class="" href="https://jetspy.com/">Jetspy</a>.On Tuesday, The New York Times <a target="_blank" class="" href="https://www.nytimes.com/2024/11/05/us/politics/elon-musk-trump-election-night.html">reported</a> that <a target="_blank" class="" href="https://www.businessinsider.com/which-billionaires-support-donald-trump-campaign">Musk, a Trump megadonor</a>, was to spend election night with Trump, citing three sources with knowledge of Musk's schedule. Trump is reportedly hosting a private dinner for donors at his club before he will attend a larger watch event at the Palm Beach Convention Center.Representatives for Musk and Trump's campaigns did not respond to requests for confirmation from Business Insider.Earlier in the day, Musk appeared to take steps to fly incognito when his private jet began using a federal program that allows <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/elon-musk-appears-use-faa-tool-block-jet-tracking-twitter-2022-10">private jet owners to cloak their travels</a> with a temporary aircraft registration number.Musk first signed up for the <a target="_blank" class="" href="https://www.businessinsider.com/celebrities-elon-musk-cant-dodge-jet-tracking-twitter-accounts-ladd-2022-10">free "privacy ICAO aircraft address" program</a>, also known as PIA, through the Federal Aviation Administration in 2022. He <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/elon-musk-appears-no-longer-masking-private-jet-tracking-pia-2023-10">stopped using the program</a> later that year and <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/elon-musk-private-jet-flights-hidden-again-faa-2024-7">briefly used the program</a> again in June 2024.<a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/student-who-tracks-elon-musk-jet-launching-own-website-2023-2">Jack Sweeney</a>, the jet-tracking college student who gained popularity for tracking Musk's jets, was the <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://x.com/Jxck_Sweeney/status/1853914823018586571">first to point out</a> Musk's new PIA on Tuesday.Sweeney told Business Insider that Musk's jets were easily identifiable because Musk's jet continued broadcasting its call sign. Jet spotters like Sweeney are also able to dodge celebrities' efforts to fly incognito using context clues, such as social media posts and airports the planes frequent.<a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-endorses-trump-after-pennsylvania-rally-incident-2024-7">Musk endorsed Trump</a> in July and has since poured more than $130 million into the election to support the former president and the Republican Party, according to campaign filings.Most of that money — nearly $119 million — has gone to Musk's America PAC, a pro-Trump super PAC that has spent its money on canvassing efforts and digital ads. The <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-rewards-petition-supporters-1m-check-trump-pac-2024-10">PAC has also vowed to give away $1 million each day</a> to a registered voter who signed a petition to support free speech and the right to bear arms.Musk, who has been a vocal supporter of Trump on his X platform, has shown up on the campaign trail, holding town hall events for the former president and speaking at <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-donald-trump-rally-butler-pennsylvania-assassination-attempt-2024-10">Trump rallies in Pennsylvania</a> and New York City.Tesla and SpaceX, companies run by Musk, rely on favorable federal regulations, subsidies, and government contracts. Trump is expected to lower taxes on corporations, and his <a target="_blank" class="" href="https://www.businessinsider.com/trump-tax-plan-tarriffs-benefits-top-earners-study-2024-10">tax plan would likely favor the wealthy.</a>Trump has also suggested he would give Musk an advisory role in the administration, putting him in charge of a <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-rally-elon-musk-save-department-government-efficiency-2024-10">"department of government efficiency."</a>

Elon Musk's private jet has landed in Florida following report he'll be watching election results with Donald Trump

A staggering 93 per cent of the candidates who won the 2024 <keyword id="56978" type="General" weightage="20" keywordseo="Lok-Sabha-elections" source="Orion">Lok Sabha elections</keyword> are <keyword id="6366800" type="General" weightage="100" keywordseo="crorepatis" source="Orion">crorepatis</keyword>, up from 88 per cent in 2019, according to an analysis by poll rights body <keyword id="484381" type="General" weightage="20" keywordseo="Association-of-Democratic-Reforms" source="Orion">Association of Democratic Reforms</keyword> (<keyword id="45376" type="General" weightage="20" keywordseo="ADR" source="Orion">ADR</keyword>). The top three wealthiest candidates are TDP's Chandra Sekhar Pemmasani from Andhra Pradesh's Guntur constituency with assets worth Rs 5,705 crore, BJP's Konda Vishweshwar Reddy from Telangana's Chevella with total assets amounting to Rs 4,568 crore and BJP's Naveen Jindal from Haryana's Kurukshetra with assets worth Rs 1,241 crore. Out of the 543 winning candidates, 504 are crorepatis, the analysis found. In 2019, 475 (88 per cent) winning candidates were crorepatis and 443 (82 per cent) in 2014. The trend indicates a steady climb since 2009 when only 315 (58 per cent) MPs were crorepatis. According to the analysis, 227 (95 per cent) of the BJP's 240 winning candidates, 92 (93 per cent) of the Congress' 99, 21 (95 per cent) of the DMK's 22, 27 (93 per cent) of the TMC's 29 and 34 (92 per cent) of the Samajwadi Party's 37 candidates have declared assets worth more than Rs 1 crore. All winning candidates of the AAP (3), the JDU (12) and the TDP (16) are crorepatis, ADR data showed. The analysis also delves into candidates' chances of winning based on their financial backgrounds. It found that the probability of a crorepati candidate clinching victory in the 2024 Lok Sabha elections stood at 19.6 per cent, compared to a meagre 0.7 per cent for candidates with assets less than a crore. The analysis also provides a breakdown of wealth distribution among the winning candidates. The data showed that 42 per cent of the candidates possess assets totalling Rs 10 crore and above. While 19 per cent of the candidates fall within the bracket of Rs 5 to 10 crore, 32 per cent hold assets ranging between Rs 1 and 5 crore. Only about 1 per cent of the winning candidates have assets worth less than Rs 20 lakh. Among major parties, the average assets per winning candidate vary significantly. The TDP leads with an average of Rs 442.26 crore per winner, followed by the BJP with Rs 50.04 crore, the DMK with Rs 31.22 crore, the Congress with Rs 22.93 crore, TMC with Rs 17.98 crore and SP with Rs 15.24 crore. The analysis also highlights disparities within the financial profiles of winning candidates. While some boast of substantial assets, others have relatively low worth. For instance, BJP's Jyotirmay Singh Mahato from West Bengal's Purulia has declared assets totalling a mere Rs 5 lakh. Similarly, TMC's Mitali Bag from West Bengal's Arambag holds assets worth Rs 7 lakh. Assets of SP's Priya Saroj from Uttar Pradesh's Machhlishahr are valued at Rs 11 lakh. In addition, the analysis identifies candidates with high liabilities. TDP's Pemmasani tops the list with liabilities exceeding Rs 1,038 crore. DMK's S Jagathratchakan from Tamil Nadu's Arakkonam has liabilities worth Rs 649 crore and TDP's Prabhakar Reddy Vemireddy from Andhra Pradesh's Nellore has liabilities worth Rs 197 crore.

93% of Lok Sabha 2024 poll winners are crorepatis: ADR analysis

Laapata Ladies, Bridgerton and Heeramandi might have dominated the OTT cycle last month, but none of these dramas can hold a candle to the absolute thriller that unfolded during the Lok Sabha election cycle this year. While the parties scramble to decide their allegiances, most people are already convinced about a result familiar to the previous two general elections: <keyword id="20509939" type="General" weightage="20" keywordseo="Modi-3-0" source="keywords">Modi 3.0</keyword>. However, the road to the end has proven anything but a bed of lotuses for the Bharatiya Janata Party (<keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords">BJP</keyword>). Despite staunch optimism of winning 400 out of 543 seats, the BJP-led National Democratic Alliance (<keyword id="19938590" type="General" weightage="20" keywordseo="NDA" source="keywords">NDA</keyword>) managed to capture only 293 — a margin barely above the 272 seats majority, and dozens below their 2014 and 2019 standings. Then came the fact that the BJP, with only 240 seats won, would have to be supported by two major partner parties: the Telugu Desam Party (TDP) and the Janata Dal (United), if they wished to finalise a majority and form the next Lok Sabha. This meant that the ball currently remains in the courts of these two quintessential “Kingmakers”; will they keep their pre-poll promises to ensure the continuity of Mr Modi, or usurp him by joining the opposition <keyword id="19895063" type="General" weightage="20" keywordseo="INDIA" source="keywords">INDIA</keyword> bloc? This mystery may linger not just this week, but throughout the term of the next government given the fickle nature of the Indian political system. As we move into the final few legs of this political marathon, the story has only taken a turn for the juicier. According to media reports, INDIA has now offered the position of Deputy Prime Minister to JD(U) Nitish Kumar and a special status to Andhra Pradesh (with TDP majority) if the parties align with the alliance and forsake their NDA partnership. If they agree, the INDIA-TDP-JD(U) coalition could overthrow BJP-NDA to form the government, making for the biggest <keyword id="21945335" type="General" weightage="20" keywordseo="political-plot-twist" source="keywords">political plot twist</keyword> in decades. While we wait for the historical gavel to drop, let’s take a look back at the other bombshells to have come out of the tallying process so far. <cmsannotation type="cmsannotation" annotationid="BJP falls short of majority" comment="subhead" text="BJP falls short of majority">BJP falls short of majority</cmsannotation> Despite battle cries of ‘Abki baar 400 par’, the Modi-led party has failed to cross the required 272 seats necessary for a clear majority and stands far below their performances in 2014 and 2019. They are no longer self-sufficient enough to make a third term without the support from allies. <cmsannotation type="cmsannotation" annotationid="BJP loses ground in Hindi Heartland" comment="subhead" text="BJP loses ground in Hindi Heartland">BJP loses ground in Hindi Heartland</cmsannotation> The northern states, which constitute a large section of the Hindi-speaking population, have been considered BJP’s biggest loyalists. Despite this, the party has faced unexpected stiff competition in states such as Uttar Pradesh, Rajasthan, Chandigarh and Haryana. These are crucial states for the BJP, as they hold a large number of seats and losing a majority of these seats has weakened their moral position. While some blame the loss on the anger of dominant castes in the region, others say that the party ignored these stronghold regions in pursuit of expansion to the east and south. <cmsannotation type="cmsannotation" annotationid="NDA wins below 300 seats, far below landslide 400 predictions" comment="subhead" text="NDA wins below 300 seats, far below landslide 400 predictions">NDA wins below 300 seats, far below landslide 400 predictions</cmsannotation> Not only has BJP itself been unable to capture the required majority, their NDA coalition hasn’t even touched 300 Lok Sabha seats. This indicates a significant loss of public support compared to predictions. <cmsannotation type="cmsannotation" annotationid="BJP loses Ram Temple Constituency" comment="subhead" text="BJP loses Ram Temple Constituency">BJP loses <keyword id="41267" type="General" weightage="20" keywordseo="ram-temple" source="Orion">Ram Temple</keyword> Constituency</cmsannotation> Construction of the Ram Temple in Ayodhya has been one of BJP’s most prominent election promises in the past two elections. Despite delivering on this front, the party has lost the Faizabad seat to Samajwadi Party candidate Awadhesh Prasad. <cmsannotation type="cmsannotation" annotationid="Lotus blooms down south" comment="subhead" text="Lotus blooms down south">Lotus blooms down south</cmsannotation> BJP opened its account for the first time in Kerala with a win for actor-turned-politician Suresh Gopi at the Thrissur seat. In Telangana, both BJP and Congress put up a strong performance by winning eight seats each and sidelining the regional parties. However, for the BJP, Tamil Nadu was a disappointment as it failed to win even one seat despite immense push from all quarters. The party did manage to increase the vote share to double digits despite a lack of support from the regional parties. <cmsannotation type="cmsannotation" annotationid="BJP wins all Delhi seats" comment="subhead" text="BJP wins all Delhi seats">BJP wins all Delhi seats</cmsannotation> Making a hat-trick, the BJP won all seven Lok Sabha seats in Delhi for the third time, beating the Congress-AAP alliance. <h3>Individual/Regional Politics</h3><cmsannotation type="cmsannotation" annotationid="Rahul Gandhi wins two seats" comment="subhead" text="Rahul Gandhi wins two seats">Rahul Gandhi wins two seats</cmsannotation> After a risky contest for two seats in Kerala’s Wayanad and Uttar Pradesh’s Rae Bareli, the Congress leader has won both by a massive margin. <cmsannotation type="cmsannotation" annotationid="Kangana Ranaut wins Himachal seat" comment="subhead" text="Kangana Ranaut wins Himachal seat"><keyword id="10343350" type="General" weightage="20" keywordseo="kangana-ranaut-wins" source="Orion">Kangana Ranaut wins</keyword> Himachal seat</cmsannotation> The celebrity candidate’s debut resulted in a strong win for the Mandi seat for BJP. <cmsannotation type="cmsannotation" annotationid="Smriti Irani loses" comment="subhead" text="Smriti Irani loses">Smriti Irani loses</cmsannotation> Despite high expectations, Smriti Irani loses the Amethi seat by a large margin to Congress’ Kishori Lal Sharma. This is a high-profile defeat for a key BJP figure. <cmsannotation type="cmsannotation" annotationid="Shashi Tharoor faces a brief hiccup" comment="subhead" text="Shashi Tharoor faces a brief hiccup">Shashi Tharoor faces a brief hiccup</cmsannotation> Earlier trends had briefly indicated trouble for the recurrent Thiruvananthapuram MP. However, the tides turned quickly, handing Tharoor the win over Rajeev Chandrasekhar. <cmsannotation type="cmsannotation" annotationid="Former cricketer Yusuf Pathan wins" comment="subhead" text="Former cricketer Yusuf Pathan wins">Former cricketer Yusuf Pathan wins</cmsannotation> Stepping up to politics for the first time, cricketer turned politician Yusuf Pathan won West Bengal’s Baharampur seat for the Trinamool Congress. <cmsannotation type="cmsannotation" annotationid="Jailed pro-Khalistani candidate victorious in Punjab" comment="subhead" text="Jailed pro-Khalistani candidate victorious in Punjab">Jailed pro-Khalistani candidate victorious in Punjab</cmsannotation> Amritpal Singh, a notable Khalistan supporter and independent candidate clinched the Khadoor Sahib seat from jail in Punjab. <cmsannotation type="cmsannotation" annotationid="Sexual assault-accused Prajwal Revanna pulls considerable vote share" comment="subhead" text="Sexual assault-accused Prajwal Revanna pulls considerable vote share">Sexual assault-accused Prajwal Revanna pulls considerable vote share</cmsannotation> Despite a final win by Congress candidate Shreyas M. Patel in Karnataka’s Hassan constituency, JD(U)’s Prajwal Revanna garnered 46.5% of the total votes. This has occurred despite being in police custody and having a massive sexual assault case lodged against the candidate. <h3>Other notable events</h3><cmsannotation type="cmsannotation" annotationid="Indore sets record for highest NOTA voters" comment="subhead" text="Indore sets record for highest NOTA voters">Indore sets record for highest NOTA voters</cmsannotation> Controversy had earlier erupted in Indore after Congress candidate Akshya Kanti Bam deferred to BJP shortly before the voting process had begun. In response, over 2 lakh voters placed their bets on ‘None of the Above’, expressing dissatisfaction with the choices presented to them. <cmsannotation type="cmsannotation" annotationid="Stock market falls by COVID-19 levels" comment="subhead" text="Stock market falls by COVID-19 levels">Stock market falls by COVID-19 levels</cmsannotation> Anticipating an easy win and stable third term for Modi, the Indian stock surged right before the election. However, government uncertainty later on spurred the Nifty and BSE Sensex indices to crash by as much as 8.5%.

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