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<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>Peter Thiel made a "contrarian" prediction that the election wouldn't be close.</li><li>He ended up being right, with Trump sweeping every swing state and overperforming in blue states.</li></ul>In September, conservative tech billionaire Peter Thiel made what he acknowledged was an unusual <a target="_blank" class="" href="https://www.businessinsider.com/peter-thiel-2024-election-cheating-trump-vance-harris2024-9">prediction</a> about the 2024 election."I think the odds are slightly in favor of Trump, but it's basically 50-50. My one contrarian view on the election is that it's not going to be close," Thiel said in September at an appearance at the All In Summit in Los Angeles. "You know, most presidential elections aren't."Thiel, a venture capitalist who co-founded PayPal and Palantir, said that "two-thirds of elections" aren't close, and that either Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a> or former President <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump">Donald Trump</a> could handily defeat the other."I think either the Kamala bubble will burst, or you know, maybe the Trump voters get really demotivated and don't show up," Thiel said. "But I think one side is simply going to collapse in the next two months."Thiel's prediction came true. Trump easily <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-wins-presidential-election-race-2024-11">won the election</a> and is on track to sweep all seven swing states. He also put up <a target="_blank" class="" href="https://www.businessinsider.com/trump-margins-democratic-states-harris-underperform-2024-11">strong performances</a> in some traditionally Democratic states and projected to win the popular vote, the first time a Republican has done so since 2004.Thiel's argument may have also been partially self-serving. At the time, he was <a target="_blank" class="" href="https://www.businessinsider.com/jd-vance-peter-thiel-donald-trump-get-off-sidelines-2024-8">facing a call</a> to "get off the sidelines" from Sen. JD Vance of Ohio, a personal friend who Thiel <a target="_blank" class="" href="https://www.businessinsider.com/peter-thiel-super-pac-jd-vance-ohio-fec-ruling-2024-5">spent millions</a> to elect in 2022.While Thiel said he was personally supportive of Trump this year, he had declined to spend any money on the 2024 elections, arguing that his financial contributions wouldn't make a difference at the presidential level."If it's not even close, I don't think it makes much of a difference," Thiel said in September.A spokesman for Thiel did not immediately respond to a request for comment.Thiel is known for being a contrarian who tends to make bets, via his business ventures and investments, that cut against the conventional wisdom.In his book "Zero to One" — which he wrote with his protege-turned-politician <a target="_blank" class="" href="https://www.businessinsider.com/blake-masters-loses-arizona-primary-abe-hamadeh-jd-vance-2024-7">Blake Masters</a> — Thiel advises entrepreneurs to focus on building companies that do things that others aren't doing, rather than spending energy trying to compete with existing companies.His right-wing political views have also long been an outlier for his Silicon Valley milieu, though that may be increasingly less than case, with other tech figures like <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-pennsylvania-america-pac-donald-trump-harris-2024-11">Elon Musk</a> coming around to Trump.

Peter Thiel was right about the 2024 election

10 politicians who made history in the 2024 election

<ul class="summary-list"><li>Robinhood is the latest platform to allow traders to wager on the 2024 election.</li><li>Notably, US citizens can make bets on the election now.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/baiju-bhatt-robinhood-cofounder-aetherflux-space-startup-satellite-constellation-energy-2024-10">Robinhood</a> on Monday became the latest platform to offer US citizens a chance to bet on the 2024 presidential election, taking advantage of a recent court ruling that opened the door to the broader public.What's notable about Robinhood's announcement is that it is open to US citizens, which isn't technically true for some of the biggest names like <a target="_blank" class="" href="https://www.businessinsider.com/polymarket-whale-trump-vs-harris-betting-odds-polls-election-2024-10">Polymarket</a>. The crypto-based betting platform has received significant attention due to wagers tilting heavily toward former President Donald Trump. <a target="_blank" class="" href="https://www.businessinsider.com/trump-election-odds-polymarket-bets-polls-kamala-harris-2024-10">A "whale</a>," believed to be behind multiple accounts, is influencing the odds by placing roughly $46 million on Trump's victory.Shares of Robinhood, the platform best known for its role in the <a target="_blank" class="" href="https://www.businessinsider.com/robinhood-collapse-what-happened-retail-investing-meme-stocks-future-finance-2022-2">meme stock saga</a>, went up slightly on the heels of the announcement.Robinhood previously said it would allow investors to trade the outcome of events through its derivatives unit. For now, only the 2024 election contracts will be available."We believe event contracts give people a tool to engage in real-time decision-making, unlocking a new asset class that democratizes access to events as they unfold," Robinhood said in a news release announcing the start of the de facto election wagers.Until a September federal court ruling, betting on US elections was largely limited to a narrow set of academics and students. Kalshi, a New York-based market, prevailed in DC District Court over the <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/us-election-betting-federal-court-erred-in-letting-kalshi-launch-prediction-markets-cftc-says-1033856940">Commodity Futures Trading Commission</a>. Earlier this month, a federal appeals court upheld the ruling.CFTC Chairman Rostin Behnam has strongly opposed election betting, previously testifying to Congress that allowing such wagers would turn his agency into "an election cop."Even some of the 2024 hopefuls themselves are taking notice of the wagers. Sen. JD Vance, the GOP vice presidential nominee, <a target="_blank" class="" href="https://www.businessinsider.com/jd-vance-60-percent-chance-trump-wins-betting-markets-kalshi-2024-10">recently commented</a> on Trump's Kalshi odds during an appearance on Theo Von's podcast."Honestly, I think that chart's about right," Vance said. "I think that we've probably got about a 60% chance of winning."

It's getting easier for Americans to bet on the 2024 election

How long will it take to call the 2024 US election?

Photos show the biggest moments of the 2024 election so far

Days after Trump won his way to the White House, becoming the 47th President of the United States, the US Federal Reserve slashed the interest rates by 25 basis points, bringing them within the range of 4.5-4.75%. This is the second time this year that the Fed has lowered the interest rates, after cutting them down by 50 basis points in September 2024. u Fed chair Jerome Powell noted that monetary policy remains tight as inflation remains elevated at 2.4% as of September 2024, slightly above the 2% mark set by the commission. However, the Fed remained optimistic about the current state of the economy. "The Committee seeks to achieve maximum employment and inflation at 2% over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate," the FOMC (Federal Open Market Committee) noted in its press release. The rate cut was along widely anticipated lines, although experts were wary of the Fed's way ahead, given that Donald Trump has been elected as the US President. In the past, he has, on multiple occasions, expressed his desire to yield greater influence on the Fed, apart from publicly criticizing Powell. However, Powell continued to stand his ground, noting that Trump cannot legally sack him. He believed in keeping the Fed independent, at least until his tenure as governor ends in 2028. He highlighted that even if he is explicitly asked by Trump to quit, he won't do so. <h2>Trump's regime to inch up inflation?</h2> Trump's electoral promises, if translated into policies, could spell disaster for the Fed's effort to curtail inflation. Reportedly, Trump has promised to levy aggressive tariffs against US trading partners, particularly China, and even extend his 2017 tax cuts. This could mean higher levels of the federal deficit, which would push up prices, wages, and hence, inflation, even as the Fed tries to consistently bring it under control. Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities, notes that it wasn't a surprise when the US Fed cut interest rates by 25 basis points (bps) to 4.75%. The Fed had given enough clues, and the market too had anticipated these rate cuts. "However, what was surprising was how the <keyword id="23863852" type="General" weightage="20" keywordseo="US-10-year-bond-yields" source="keywords">US 10-year bond yields</keyword> moved over the last one and a half months, which have been rising relentlessly from 3.6% to almost 4.5% despite the 50 bps cut in the last Fed meeting. It seems that the market is anticipating slower rate cuts going ahead, and maybe there are even chances of inflation rising. The bond yields have cooled off and slipped below the 4.335% mark. This should be bullish for emerging markets like India," he added.

US Fed cuts interest rates by 25 bps, Powell notes Trump's victory to have no impact on policy decisions

<ul class="summary-list"><li>Donald Trump has won Pennsylvania.</li><li>With 19 electoral votes, the state was highly coveted by both Trump and Kamala Harris.</li></ul>Former President Donald Trump has won Pennsylvania, the pivotal <a target="_blank" class="" href="https://www.businessinsider.com/what-are-2024-presidential-election-swing-states-trump-harris-polls-2024-11">swing state</a> that was the most coveted state on the electoral map this year.With this victory, called by Fox News, CNN, and NBC News early Wednesday, Trump has secured the state's 19 electoral votes. Most election forecasters ahead of the election considered Pennsylvania the most likely tipping-point state, or the one that would push the race in either candidate's favor. If history holds, the remaining "blue wall" states — Michigan and Wisconsin — may also go the same way. It's been almost 40 years since the Great Lakes battlegrounds haven't voted in unison.Trump's best path to the White House was based on his taking away at least one of the <a target="_blank" class="" href="https://www.businessinsider.com/harris-trump-blue-wall-economic-message-unions-michigan-pennsylvania-wisconsin-2024-10">blue-wall states</a>. He won all three in 2016 but watched them narrowly slip away four years later. In 2020, <a target="_blank" class="" href="https://www.businessinsider.com/pennsylvania-presidential-election-2020-live-vote-counts-results-2020">Trump lost Pennsylvania</a> by roughly 81,000 votes. Republicans were hopeful that Trump would fare better without President Joe Biden — who was born in Scranton and for 36 years served as a US senator from neighboring Delaware — on the ballot.The Keystone State's Democratic governor, Josh Shapiro, was under consideration to become Vice President <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris">Kamala Harris</a>' running mate. While he was not selected, Shapiro was one of Harris' top surrogates in the state.No part of Pennsylvania was untouched by this unique presidential race, which saw both major-party candidates pour considerable resources into the state.Elon Musk, who <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-gop-spending-130-million-2024-10">donated over $100 million</a> in favor of electing Trump, also campaigned in the state for the former president.

Trump wins Pennsylvania, the most important swing state in the 2024 election

THEN AND NOW: How the Trump family changed between the 2020 and 2024 elections

Ever since Donald Trump won the 2024 US presidential elections, bitcoin has been surging, going up over 40% in the last two weeks. Recently, the cryptocurrency soared past $97,000, having risen 8.32% in just the last 7 days, and is currently trading at $96,906.09. The overall crypto market is also buoyant, with the crypto volume jumping 10.06% over the past 24 hours to touch $198.83 billion. The markets are enthused about Bitcoin's prospects going ahead, given that Trump has hinted towards establishing a dedicated role in the White House for deliberating crypto policies. Trump has been vocally pro-crypto and had promised, during his presidential campaign, to scale back <keyword id="24085738" type="General" weightage="20" keywordseo="crypto-regulations" source="keywords">crypto regulations</keyword> and fire SEC chair Gary Gensler, who had initiated a crackdown on digital assets in the US. The crypto lobby in the US has been advocating for crypto-friendly SECs and access to banks. In a bid to do so, crypto companies have pumped in over $119 million to support pro-crypto candidates. Says Edul Patel, co-founder and CEO of Mudrex, "Market sentiment grew stronger from Bloomberg's report of Trump’s plan to establish a dedicated White House role for crypto policy. The anticipation of faster regulatory clarity coupled with BlackRock’s Bitcoin ETF options projecting a $176k price target by 2026 has driven BTC’s price to the $95K milestone and beyond." The ongoing rally is not restricted to just bitcoin but also extended to Solana and XRP, which gained 10.85% and 59.02%, respectively, over the last 7 days. But does this mean that good times are coming for <keyword id="19991358" type="General" weightage="20" keywordseo="Indian-markets" source="keywords">Indian markets</keyword> as well? Apurva Sheth, Head of Market Perspectives &amp; Research, SAMCO Securities, notes that bitcoin is a proxy for risk-taking in the markets. Bitcoin moving up means the risk appetite of investors is rising. Conversely, if it falls, then investors prefer safety." Both Nifty and Sensex have lost over 5% each over the last month. FIIs (<keyword id="19932515" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="keywords">foreign institutional investors</keyword>) have also been scrambling out of Indian markets, having withdrawn Rs 1,14,445.89 crores during October 2024 and offloading Rs 34,348.30 crore so far in November. During trade today, Nifty and Sensex remained in red, with Nifty down by 0.74% and Sensex down by 0.6%. DIIs (domestic institutional investors) have been trying to keep the market afloat in both October and November, pumping in Rs 31,636.77 crore in Indian markets in November so far. Last month, DIIs infused Rs 1,07,254.68 crore in the Indian markets. According to an NSE report, by the end of the previous quarter, FPIs holding in NSE-listed companies stood at 36.3%, despite the seventh consecutive quarterly decline. Previously, FIIs holding in listed companies had hit a record high of 39.9% in December 2021. In contrast, DIIs are increasingly making headway into the Indian markets. Active Domestic Mutual Funds (DMFs) have been increasing their investments in the NSE-listed companies. Their ownership in these companies has risen from 12.4% in December 2021 to 15.7% as of September 30, 2024. Banks and insurance companies have also expanded their market share. Their ownership in NSE-listed companies has grown from 8.8% three years ago to 11% as of pr quarter.

You Searched For "elections 2024" and got 10 results

Trump wins the 2024 presidential election

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