Us Elections News

Senior Morgan Stanley executives collectively earned about $10.5 million (₹71 crore) over the past week by exercising options and selling shares, with most of them profiting from a rally in bank stocks fuelled by Donald Trump's surprise victory. As per securities filings, Morgan Stanley Chief Executive James Gorman earned $2.94 million as a part of a transaction last Friday.

E-commerce major Amazon has lost over $30 billion in valuation since Republican Donald Trump was elected the 45th President of the United States. Further, the Facebook, Amazon, Netflix, and Google parent Alphabet (FANG) group dropped every day since Trump’s victory, losing nearly 8%. Earlier, Amazon Chief Executive Officer Jeff Bezos had clashed with Trump during the election.

The stocks of Israel-based builder of sensor-laden border fences and walls, Magal Security Systems, rose 6% on Monday, capping a 19% advance since Donald Trump’s victory in US elections. Trump’s campaign promise to build a wall along the US-Mexico border may have caused the rise, CEO Saar Koursh said. Magal had also built an anti-terrorist fence along the Gaza Strip.

Months after Donald Trump launched his presidential campaign in June 2015, the President-elect had said that he did not expect to stay in the presidential race past October 2015, according to a new book. The book, titled 'Unprecedented: The Election that Changed Everything', will be released by CNN on December 6. Reportedly, it will include exclusive photos of the campaign.

US Federal Reserve Vice Chair Stanley Fischer, on Tuesday, said that he was surprised by Donald Trump's victory in the US presidential elections. However, the central bank's second-in-command cautioned it was too early to fully assess market fallout and said market swings following Britain's vote to leave the European Union provided a cautionary example.

SpaceX Head of Communications Dex Torricke-Barton on Tuesday announced that he was quitting the Elon Musk-led company to focus on "social change" following Donald Trump's victory. "The only reason to leave my dream job was to go and fight a nightmare...a future where the world is less open, less compassionate, more closed," he said in an interview.

Indian software major Infosys' CEO Vishal Sikka has said that Donald Trump's win in the US presidential elections might impact the company's margins in the near-term. Trump's anti-immigrant policies would likely make hiring people in the United States more expensive, he added. However, Sikka said Infosys does not expect to lose market share to US rivals like Cognizant.

Rapper Kanye West has said that if he had voted during the US Presidential elections, he would have voted for Donald Trump. Kanye, while at his Saint Pablo Tour show in San Jose, added that he was "glad Trump inspired racists to reveal themselves". He further said that neither Trump nor Hillary Clinton was capable of fixing racism in USA.

French designer Sophie Theallet, in an open letter on Twitter last week, stated that she'll "not participate in dressing or associating in any way" with the next First Lady, Melania Trump. "The rhetoric... unleashed by her husband's presidential campaign is incompatible with the shared values we live by," she further wrote. Notably, Theallet had dressed Michelle Obama on several occasions.

According to Donald Trump's election campaign's Director of Digital Advertising, the campaign tried to purchase a specific emoji with the hashtag '#CrookedHillary' on Twitter. The emoji depicted a hand holding a bag of money and was changed to a figure of a person running with a bag of money. However, Twitter decided to not allow such forms of political advertising.

Actor Alec Baldwin reprised his role of Donald Trump for the first time after US presidential elections on the TV show 'Saturday Night Live'. The episode depicted Trump's busy schedule in the White House and him Googling how to defeat ISIS. A reference to Trump's recent feud with broadway show 'Hamilton' cast was also made in the episode.

Democratic party's Hillary Clinton is ahead of US President-elect Donald Trump by over 20 lakh votes, as votes continue to be counted. Trump got 6.22 crore votes while Clinton secured 6.42 crore, the second highest number of votes secured by any presidential candidate after Barack Obama, reports said. Notably, Trump beat Clinton 290-232 by winning more Electoral College votes.

US Green Party's presidential candidate Jill Stein has raised $2 million (around ₹14 crore) to demand a vote recount in key battleground states of Michigan, Pennsylvania, and Wisconsin. This comes after many such states recorded a close victory margin for US President-elect Donald Trump, who lost the popular vote to Hillary Clinton by over 20 lakh votes.

Actress Rakhi Sawant has said that she should have contested against Donald Trump in the US elections. "Hillary could not shake him; I would have won easily," added Rakhi. Notably, the actress launched 'Rashtriya Aam Party', her own political party, to contest the 2014 Lok Sabha Elections. Currently, she is part of the Republican Party of India (A).

Global economic expansion in 2018 could reach its fastest pace in half a decade amid increase in spending and tax cuts promised by President-elect Donald Trump, the Organisation for Economic Cooperation and Development said. There's now prospect of the world exiting a low-growth trap, OECD said. Notably, the S&P 500 Index has risen to a record high since Trump's win.

Although there is still uncertainty about sector-level impact during Donald Trump's presidency, the majority of sectors are anticipating favourable effects, banking major Goldman Sachs said. Expectations of lower tax rates and economic stimulus are among key reasons for the favourable outlook, it said. Earlier, policy think tank OECD also said Trump's policies could lift global growth.

Automaker Ford is willing to work with President-elect Donald Trump to keep jobs in the US, provided he puts the right policies in place, CEO Mark Fields said. “We will be very clear in the things we’d like to see,” including currency-manipulation rules promoting free and fair trade, Fields stated. Earlier, Trump criticised the carmaker for building cars in Mexico.

Billionaire Warren Buffett’s Berkshire Hathaway could get a $29 billion (around ₹2 lakh crore) boost to its book value under tax-rate cuts advocated by President-elect Donald Trump, according to banking major Barclays. Berkshire has jumped 8% since Trump won the election, amid expectations of rising interest rates. Earlier, Buffett had supported Democrat Hillary Clinton in the presidential race.