Elections
Every Sainteur story on elections, newest first.
Trump threatens to immediately double tariffs on Mexico if it does not stop migrant caravans
Mexican President Claudia Sheinbaum said no caravan has reached the U.S. border since Trump returned to office, and that an earlier one dwindled from as many as 600 people to fewer than 100.
Jane Kim plans 70% and 65% insurance loss ratio minimums
Jane Kim declared herself the winner of the California Insurance Commissioner race after Ben Allen called to concede on Nov. 6. Her campaign plans minimum loss ratio standards of 70% for auto insurance and 65% for homeowners insurance, over rolling three-year periods.
Democrat Scott Colom defeats Sen. Cindy Hyde-Smith in Mississippi, AP reports
Democrat Scott Colom won Mississippi's Senate race over Republican Sen. Cindy Hyde-Smith, the Associated Press reported. Colom will be the state's first Black senator since Reconstruction. Democrats will have a Senate majority of at least 55 seats, with Alaska still uncalled.
Congress returns with Dec. 11 funding, the debt limit and a Hegseth impeachment push
The lame-duck window is about five weeks: funding expires Dec. 11, the NDAA is unfinished, and Rep. Thomas Massie is expected to reintroduce a Hegseth impeachment resolution as early as Monday.
Democrats prepare oversight of Musk's DOGE role and companies
House and Senate gavels arrive in January, with planned probes of DOGE data access and whether Musk's companies benefited from his government role; Texas's incoming AG has pledged to scrutinize Starlink broadband grants.
Hedge funds cut tech near the fastest pace in Goldman data since 2016 amid midterm AI concerns
U.S. long/short gross leverage fell 8.7 percentage points to 207.5%, the largest weekly drop since March 2020, Goldman prime data show.
OpenAI wants regulators to make large power users cover the grid costs they create
The new compact's commitments cover only future campuses OpenAI owns and operates, and the company also wants Congress to speed up transmission upgrades and clean-power incentives.
Democrats poised to take Congress as Wall Street braces for hearings more than new laws
Rep. Maxine Waters and Sen. Elizabeth Warren are expected to lead the House and Senate banking panels, with the power to set hearings, pick witnesses and issue subpoenas.
Treasuries rally as investors bet a Democratic Congress will limit spending
Two-year yields fell to an almost two-month low before giving some of it back, and money markets slightly trimmed their bets on Fed hikes next year.
Tesla and SpaceX slip as Democrats' Texas win clouds data center plans
Democrat Gina Hinojosa, who supports a moratorium on AI data centers, unseated Gov. Greg Abbott in Texas, where Wells Fargo says 27% of planned US data center capacity is.
Democrats win the House and Senate, and investors weigh what it means for AI and taxes
Bonds won the morning as investors bet gridlock will slow government spending and a Democratic Congress will look harder at AI.
Stock futures are mixed and Treasury yields edge up as Election Day arrives
Polls favor Democrats to win the House while the Senate is uncertain, and analysts see different implications for spending and markets.
Wall Street watches governor races that will help set rules for $2.5 trillion of AI infrastructure
Investors are tracking governor races, and voters will decide dozens of local measures that could delay or block data centers before they break ground.
France's debt troubles look like everyone else's, only worse
A big deficit, a stalled budget and record planned bond sales for 2027 have made French debt the euro zone's pressure point, and other indebted countries are feeling it.
Trump offers $1 million to anyone who reports voter fraud, with no word on who pays
The offer covers past elections and the Nov. 3 midterm and pays on arrest and conviction. It names no agency, funding source or way to submit a tip.
Prediction markets favor a Democratic sweep on Nov. 3, but Morgan Stanley expects tariffs and tax policy to stay broadly in place
Prediction markets favor Democrats in both chambers. Morgan Stanley says gridlock and a presidential veto limit what changes, though AI and data centers could face more scrutiny.
White House tariff desk takes back Canada's plywood, issues store credit in carpets
A senator returned some Canadian goods for a home-state win. Within the hour, the clerk had swapped in valves, carpets and waste products.
Trump swaps some Canadian goods off his 50% tariff list and puts carpets and valves on
A new proclamation removes some Canadian products from the 50% tariff list and adds others, effective Oct. 30. Sen. Susan Collins announced the exemptions first.