Democrats swept the House and Senate in the midterm elections, as voters expressed dissatisfaction with Donald Trump’s performance on the economy and the war with Iran. Trump congratulated Democrats on “doing a great job” as they retook both chambers of Congress and won several governorships. Now, the president faces the hard realities of a second term: endless subpoenas, legislative gridlock and a shrinking window to cement his legacy.
Goldman Sachs commented that Democrats winning majorities in both the House and Senate—and larger-than-expected majorities—could give them slightly more leverage in negotiations with the White House, while diluting the influence of small factions within the party. Democrats are expected to use fiscal deadlines to seek limits on the war with Iran, the removal of some tariffs and the reversal of spending cuts introduced last year.
Data center developers seeking to build dozens of large AI campuses in Texas already face a permitting pause imposed by Republican Governor Greg Abbott. Under Democratic Governor Gina Hinojosa, they face the worst-case scenario.
Shares of Elon Musk’s Tesla and SpaceX fell before the market opened, as the results fueled concerns about tighter AI regulation and cast doubt on a potential merger. Shares of CoreWeave and data center hardware suppliers, including Taiwan Semiconductor Manufacturing Company, Samsung Electronics and SK Hynix, also fell.
Of all the market swings triggered by the U.S. midterm elections, few were more dramatic than those in South Korea’s stock market. The benchmark index fluctuated within a 7-percentage-point range before ending higher.
Trump said the U.S. had no immediate plans to strike Iran, and the president played down speculation that he was prepared to escalate the conflict with Iran after the midterm elections. Tehran and Washington are reviewing new proposals put forward by mediators to resolve their differences and avoid an all-out war, following limited U.S. airstrikes, according to a diplomat familiar with the matter.
Oracle canceled a $7 billion AI deal with Tencent under pressure from the Trump administration, the Financial Times reported. Chinese AI companies are expected to receive only about 1% of the roughly $70 billion worth of Nvidia RTX Pro 5500 chips over the next four months, people familiar with the matter said.
Eurozone inflation accelerated to 4% in October, twice the European Central Bank’s target and the highest level since September 2023. Wage growth in the eurozone is expected to slow sharply in the third quarter of 2027, welcome news for the ECB as it grapples with inflation driven by the war with Iran.
Sweden’s central bank raised its key interest rate from 1.75% to 2%, opening the door to another hike. Poland’s central bank may leave rates unchanged at 3.75%, as the country’s political deadlock has raised fresh doubts about the future of Governor Adam Glapiński.
Canadian Prime Minister Mark Carney said the U.S. was “asking for less” and “offering more” in trade talks, as the two countries renewed efforts to reach a potential agreement after the previous round of negotiations collapsed.
North Korea fired several missiles toward its east coast hours after urging the U.S. to abandon its “hostile” policy, putting pressure on Trump. CVS Health plans to spin off its retail pharmacy business as a separate company. Meta entered the euro bond market for the first time, joining a borrowing spree by the world’s largest technology companies to quickly raise hundreds of billions of dollars for AI investment.
The White House released Trump’s statement on space, saying the U.S. would return to the Moon in 2028 under his directive. Since 1950, the S&P 500 has risen in the year following every midterm election, gaining about 15% on average; over a three-month period, the index has risen by an average of 5.4%. #政治 #经济 #Markets
Goldman Sachs commented that Democrats winning majorities in both the House and Senate—and larger-than-expected majorities—could give them slightly more leverage in negotiations with the White House, while diluting the influence of small factions within the party. Democrats are expected to use fiscal deadlines to seek limits on the war with Iran, the removal of some tariffs and the reversal of spending cuts introduced last year.
Data center developers seeking to build dozens of large AI campuses in Texas already face a permitting pause imposed by Republican Governor Greg Abbott. Under Democratic Governor Gina Hinojosa, they face the worst-case scenario.
Shares of Elon Musk’s Tesla and SpaceX fell before the market opened, as the results fueled concerns about tighter AI regulation and cast doubt on a potential merger. Shares of CoreWeave and data center hardware suppliers, including Taiwan Semiconductor Manufacturing Company, Samsung Electronics and SK Hynix, also fell.
Of all the market swings triggered by the U.S. midterm elections, few were more dramatic than those in South Korea’s stock market. The benchmark index fluctuated within a 7-percentage-point range before ending higher.
Trump said the U.S. had no immediate plans to strike Iran, and the president played down speculation that he was prepared to escalate the conflict with Iran after the midterm elections. Tehran and Washington are reviewing new proposals put forward by mediators to resolve their differences and avoid an all-out war, following limited U.S. airstrikes, according to a diplomat familiar with the matter.
Oracle canceled a $7 billion AI deal with Tencent under pressure from the Trump administration, the Financial Times reported. Chinese AI companies are expected to receive only about 1% of the roughly $70 billion worth of Nvidia RTX Pro 5500 chips over the next four months, people familiar with the matter said.
Eurozone inflation accelerated to 4% in October, twice the European Central Bank’s target and the highest level since September 2023. Wage growth in the eurozone is expected to slow sharply in the third quarter of 2027, welcome news for the ECB as it grapples with inflation driven by the war with Iran.
Sweden’s central bank raised its key interest rate from 1.75% to 2%, opening the door to another hike. Poland’s central bank may leave rates unchanged at 3.75%, as the country’s political deadlock has raised fresh doubts about the future of Governor Adam Glapiński.
Canadian Prime Minister Mark Carney said the U.S. was “asking for less” and “offering more” in trade talks, as the two countries renewed efforts to reach a potential agreement after the previous round of negotiations collapsed.
North Korea fired several missiles toward its east coast hours after urging the U.S. to abandon its “hostile” policy, putting pressure on Trump. CVS Health plans to spin off its retail pharmacy business as a separate company. Meta entered the euro bond market for the first time, joining a borrowing spree by the world’s largest technology companies to quickly raise hundreds of billions of dollars for AI investment.
The White House released Trump’s statement on space, saying the U.S. would return to the Moon in 2028 under his directive. Since 1950, the S&P 500 has risen in the year following every midterm election, gaining about 15% on average; over a three-month period, the index has risen by an average of 5.4%. #政治 #经济 #Markets