Investors are dumping Asian currencies, and the dollar is rallying against its major peers on bets that Trump's expected policies of lower corporate tax and deregulation would boost US growth
Historic firsts in US election 2024: Several states in the United States made history by electing their first candidates from previously unrepresented groups
With Donald Trump winning the 2024 US presidential election after beating Kamala Harris, Americans of Indian descent like Vivek Ramaswamy, Kash Patel, and Bobby Jindal could clinch top US govt roles
"Multi-year and decadal programs like the CHIPS Act and the agreements we have signed are regularly continued from one administration to the next," it said in a statement on Thursday
But prospects of heightened inflation could make policymakers wary of overheating the economy by cutting rates too deeply
Trump's campaign said Biden called Trump to congratulate him and invite him to a meeting at the White House at an unspecified time
American presidential elections are a moment when the nation holds up a mirror to look at itself. They are a reflection of values and dreams, of grievances and scores to be settled. The results say much about a country's character, future and core beliefs. On Tuesday, America looked into that mirror and more voters saw former president Donald Trump, delivering him a far-reaching victory in the most contested states. He won for many reasons. One of them was that a formidable number of Americans, from different angles, said the state of democracy was a prime concern. The candidate they chose had campaigned through a lens of darkness, calling the country garbage and his opponent stupid, a communist and the b-word. The mirror reflected not only a restive nation's discontent but childless cat ladies, false stories of pets devoured by Haitian immigrant neighbours, a sustained emphasis on calling things weird, and a sudden bout of Democratic joy" now crushed. The campaign will be remembe
The new environmental document was published the day after Trump defeated Biden's vice president, Kamala Harris, in the presidential election
Producer price inflation was 4.6 per cent in July 2018 when Trump's first tariffs came into effect. In September 2024 this stood at minus 2.8 per cent
After her worst defeat in electoral history, Indian American Congressman Ro Khanna on Wednesday said that he is proud of Vice President Kamala Harris and one day Americans will recognise her blazing a trail. Harris, as a Democratic presidential nominee, lost to her Republican rival and now president-elect Donald Trump during the November 5 general elections. Today, I want to say I am proud of Kamala Harris, Khanna, 48, said. Representing Silicon Valley in the US House of Representatives, Khanna was re-elected for a fifth consecutive term on Tuesday. He grew up in Pennsylvania. As a young kid growing up in Bucks County, I would never have imagined an African and Indian American woman would become the nominee and get 48 per cent in Pennsylvania. Progress is hard. But one day Americans will recognise her blazing a trail, Khanna said. Khanna maintained that the Democrats, who have lost the White House along with the Senate and the House of Representatives, would bounce back soon. In 1
Three races for the US House in Pennsylvania remained uncalled by The Associated Press on Wednesday, as vote counting continued and Republicans fought to keep their slim majority in the chamber. A House majority would give the GOP a full sweep of power in Congress alongside President-elect Donald Trump in the White House. In all three of Pennsylvania's uncalled races, the Republican candidate held a slight lead, with some votes still outstanding. One uncalled race was the contest in an Allentown-based district in eastern Pennsylvania, where three-term Democratic US Rep. Susan Wild conceded to Republican Ryan Mackenzie. Mackenzie is a member of the state House of Representatives. Democrats hold a slight registration advantage in the district, but its close political divide made Wild a perennial target of Republicans. Also uncalled was a race in a northeastern Pennsylvania district around Scranton and Wilkes-Barre, where six-term Democratic US Rep. Matt Cartwright was trying to fend
Donald Trump's election victory was history-making in several respects, even as his defeat of Vice President Kamala Harris prevented other firsts. She would have been the nation's first Black and South Asian woman to be president. He's the oldest to be elected At 78, Trump is the oldest person elected to the US presidency. When sworn in on January 20, 2025, he will be a few months older than Joe Biden was at his inauguration in 2020. Trump's running mate, 40-year-old JD Vance, will be the third-youngest vice president. It's the second time someone has won two non-consecutive terms Several US presidents have served more than one term, and Trump joins the group. He was the 45th president and now will be the 47th. But only one other president did it the way Trump will with a gap between terms. That was Grover Cleveland, who served as the 22nd president after the 1884 election, and as the 24th president after the campaign of 1892. He's been convicted of felony crimes Trump is in lin
Four years back, Donald J Trump was a sullen man after he lost the presidential race to Joe Biden and left the White House with an uncertain political future. And when a violent mob, mostly his supporters, stormed the US Capitol weeks later, it appeared an end to the Republican leader's political career. Four years later, the 78-year-old Republican made an unprecedented and forceful political comeback in American history by winning a second term in the White House in a bitter contest with Democratic leader Kamala Harris. That too, after being convicted of a felony and surviving two assassination attempts. "It is one of the biggest political comebacks in American history," said Capitol Hill veteran and Communication Strategist Anang Mittal. In March, Trump received his party's nomination and it was formalised at the Republican National Convention (RNC) in July after remaining in the political wilderness for months following several court cases. In effect, he became the first forme
Vice President Kamala Harris, who lost the presidential elections to her Republican rival Donald Trump, would address her supporters on Wednesday afternoon, according to her campaign and the White House. In an invite sent to her supporters and volunteers, her campaign said the Democratic leader would be at an event at Howard University. We invite you to join the Harris-Walz campaign for an event with Vice President Kamala Harris today at Howard University in Washington, DC, said the invite. The White House said Harris would deliver her speech at 4 pm EST (2.30 am IST, Thursday). Second Gentleman Douglas Craig Emhoff will also attend the event, a media advisory said. Trump has, so far, received 277 electoral college votes, seven more than required for him to be declared the winner of the presidential elections. Harris has 224 in her kitty. Races in two states, Arizona with 11 electoral college votes and Michigan with 15, have not been called yet, though Trump is leading in both of
Trump, 78, recaptured the White House on Wednesday by securing more than the 270 Electoral College votes needed to win the presidency
Republicans were set to hold a majority of at least 52-48 in the US Senate and had added three seats to their 220-212 House of Representatives majority, though with 51 of the 435 races yet uncalled
IT firms, which generate significant revenues from the US, gain the most on optimism that potential corporate tax cuts by the new President will boost revenues
Musk donated millions of dollars to Trump's campaign. Trump has said he would establish a government efficiency commission headed by Musk
Wall Street is anticipating lower taxes, deregulation and a US president who is quick to sound off on everything from the stock market to the dollar
More than 43,300 Palestinians have been killed in more than a year of war in Gaza, health authorities in the enclave say, and much of the territory has been laid to waste