Donald Trump election win boosts stocks, cryptocurrency and Trump Media

Donald Trump becomes president-elect after 2024 election Donald Trump becomes president-elect after 2024 election 03:34 Donald Trump’s projected victory at the polls is giving a fresh boost to stocks. Dow futures soared nearly 1,400 points, or 3.2%, lifting the blue-chip market into record terrain before the start of trade on Wednesday. S&P 500 futures were up more than 2%, while the tech-heavy Nasdaq Composite also looked set to open strong.  “U.S. equity futures have traded up while election results have been tallied. In our base case, we expect the S&P 500 to rise to 6,600 by the end of 2025, a near-15% price return from current levels, driven by our expectations of benign U.S. growth, lower interest rates and the continued structural tailwind from AI,” Solita Marcelli, Chief Investment Officer Americas, UBS Global Wealth Management, said in an email. “Lower corporate taxes and/or deregulation of the energy and financial sectors under a Trump administration could provide additional support.” Cryptocurrency is also surging as investors bet that the second Trump administration will benefit the volatile sector. Bitcoin prices rose nearly 8% to a record $75,345.00 in

Quiet dismay, open glee: U.S. adversaries, allies around world react to historic Trump win

A thunderstruck world on Wednesday took in Donald Trump’s victory in the U.S. presidential election with varying expressions of jubilation, dismay or bafflement as allies and adversaries recalibrated their vision of a vastly altered American landscape. On Ukraine’s frosty battlefields, in bustling urban cafes in Europe and Asia, on Middle Eastern street corners, there were gasps and widened eyes as the news flashed on televisions and smartphone screens. But in some quarters, a certain sense of detachment pervaded over this faraway political earthquake. World leaders swiftly weighed in, ranging from enthusiastic congratulations to more somber and circumspect assurances of continuity in the relationship with Trump, whose mercurial first presidency upended many longstanding diplomatic norms. “History’s greatest comeback!” Israeli Prime Minister Benjamin Netanyahu posted on the platform X. French President Emmanuel Macron, in a message more typical of Washington’s closest Western allies, declared himself “ready to work together as we did.” Hungary’s right-wing Prime Minister Viktor Orbán, a longtime Trump ally, called his election “a beautiful victory.” While most Americans either followed the tallies into the bleary-eyed early-morning hours or awoke to news of Vice President

How Trump overcame a shooting and an unexpected rival to win a historic second term

From the moment he rode a golden escalator downward and into the queasy gut of American political life, Donald Trump did it his way — unbridled by precedent, often powered by “alternative facts” and dedicated to the proposition that only he could “make America great again.” The real estate mogul and onetime reality TV star captured a second term as president of the United States early Wednesday morning — nearly a decade after his now iconic entrance on the nation’s political stage. His candidacy again surmounted innumerable obstacles and defied much of a political establishment that views him with utter disdain. The former president defeated Vice President Kamala Harris by harnessing the abiding dissatisfaction of many Americans — uneasy about the high cost of living, unsettled about a southern border they view as insecure and disturbed over an evolving culture they feel has strayed too far from traditional values. Donald Trump arrives with a bandaged ear at the Republican National Convention in Milwaukee in July. (Robert Gauthier / Los Angeles Times) “The closing argument was basic and it worked: The country is broken. I’m a

Commentary: Did you see all the signs opposing California’s same-sex marriage measure? Neither did I

After 20 years in the same house, I started to feel as though I no longer belonged on my street. It was 2008, the year of Barack Obama’s first campaign for president, but also the year of Proposition 8, a constitutional amendment to ban same-sex marriage in California. I was covering marriage equality for the editorial board, writing several times a week about everything from gay couples’ parenting rights to the economics of same-sex weddings. Then I would head home and, on the last leg of my commute, enter a different world. Driving down my quiet street in Laguna Beach felt more like running a gantlet than coming home. Most of the yards along the way were dotted with bright yellow and blue “Yes on 8” lawn signs with an image of an apple-pie conventional family that looked like it was from the 1950s instead of the 21st century: mom, dad, son, daughter, the females wearing dresses. “Restore Marriage,” the signs said, as though the advent of same-sex marriage had somehow eliminated all other weddings. The preponderance of such signs was uncommon in Laguna Beach

Gascón out as L.A. County DA as Hochman wins in landslide

Los Angeles County District Attorney George Gascón will not receive another term after voters came out in strong support of his challenger, Nathan Hochman. The incumbent had been trailing through most of the campaign season, despite picking up key endorsements from the Los Angeles Times and the L.A. County Democratic Party. Elected in 2020 riding a wave of shifting settlement regarding law enforcement violence and the disparity between the way certain offenders were prosecuted and sentenced, Gascón’s apparent lone term as District Attorney will be among the most controversial, if not inconsequential, in recent memory. Live updates: Election Day 2024 Gascón bled support after taking office in large part due to his support of zero-bail policies, requiring all juveniles be tried in juvenile court and more lenient sentencing for non-violent crimes. He was a regular target of conservative pundits, law enforcement officials and many of his own deputy district attorneys who blamed his policies for a rash of violent burglaries, increased thefts and other petty crimes that his office may have prosecuted less severely than his predecessor. He survived two recall efforts, but his bid

Hurricane Rafael grows into a Category 2 storm as it bears down on Cuba

November 6, 2024 / 7:58 AM EST / CBS/AP New research on climate and extreme weather Link between deadly weather events and manmade climate change found in new research 04:07 San Juan, Puerto Rico — Hurricane Rafael swelled into a Category 2 storm early Wednesday as it swirled past the Cayman Islands, and it was forecast to rapidly intensify before making landfall later in the day in western Cuba. It was another stroke of bad news for Cuba, which has been struggling with blackouts while recovering from another hurricane two weeks ago that killed at least six people in the eastern part of the island. The storm was located about 90 miles east-southeast of the Isle of Youth, and around 160 miles south-southeast of Havana as of 7 a.m. Eastern on Wednesday. Packing maximum sustained winds of 100 mph, Rafael had become a Category 2 storm .  It was moving northwest at 14 mph, according to the National Hurricane Center in Miami. Forecasters warned that Rafael was expected to slam into Cuba on Wednesday after dumping rain on Jamaica and the Cayman Islands on Tuesday.

“Narco sub” carrying 3.6 tons of cocaine intercepted in Pacific

November 6, 2024 / 7:10 AM EST / CBS/AP Combating narco-subs and trafficking Combating narco-subs and narco-terrorism in the U.S. and abroad 04:35 The Mexican Navy said Tuesday it has seized 3.6 tons (about 8,000 pounds) of cocaine aboard a “narco sub” off the Pacific coast which was spotted earlier this week about 153 miles off the resort of Acapulco . Navy ships arrived to intercept the boat, which was carrying 102 packages filled with bricks of cocaine, authorities said in a news release. The craft, of a type known as “go-fast boats,” was powered by two outboard motors and appeared to be a low-profile, semi-submersible craft — commonly known as a “narco sub” — designed to make detection more difficult. Aboard the craft, the Navy detained nine crew members, six of whom were foreigners. The Navy did not specify their nationalities, but many of the boats found off Mexico have Colombian or Venezuelan crew members. Officials released an image of numbered packages containing the cocaine flanked by two naval ships. The Mexican Navy said Tuesday it has seized 3.6 tons of cocaine aboard a

Early takeaways from Trump’s election win

Early takeaways from Trump’s election win – CBS News Watch CBS News Donald Trump is returning to the White House after voters elected him the 47th president of the United States. Norah O’Donnell anchored CBS News special coverage. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Where does the Democratic Party go after Trump elected again

Where does the Democratic Party go after Trump elected again – CBS News Watch CBS News Former President Donald Trump has been elected president again and Republicans are making big gains in Congress. Democratic strategist and CBS News political contributor Joel Payne has more on what the Democrats do now. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Voters reject criticisms of Trump from former staffers as they send him back to White House

Voters reject criticisms of Trump from former staffers as they send him back to White House – CBS News Watch CBS News Democrats ran on the argument that Donald Trump is unstable, unhinged and unchecked, claims bolstered by criticisms of Trump from his former White House staffers. But voters felt differently, sending him back to the White House. Norah O’Donnell anchored CBS News’ special coverage. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

San Diego man sentenced to two years for sexually abusing teenager aboard flight

San Diego resident Ryan Coffey was on a cross-country flight in January 2023 when he offered alcohol to a 14-year-old sitting next to him, according to court records. He didn’t know the girl, who was 17 years his junior, according to the U.S. Department of Justice. That didn’t prevent Coffey, however, from sexually molesting her on the five-hour-plus American Airlines evening flight from Charlotte, N.C., to San Diego. Now a federal judge has sentenced Coffey to prison for his actions. The now 33-year-old was sentenced Monday to two years in prison and 10 years of supervised release afterward and saddled with just under $11,000 in fines and restitution. Coffey had pleaded guilty to sexual abuse of a minor and abusive sexual contact in August . A call to his attorney was not immediately answered. Coffey admitted in court that he supplied the girl with rum and touched her inner thigh and breasts, according to the Department of Justice. A fellow passenger said that she heard the minor tell Coffey that she was afraid of flying, according to a sentencing memo. That’s when he took out

The best freebies and discounts for L.A.’s 50-plus crowd

According to the census, nearly a third of Los Angeles residents are over 50. And we’re aging collectively — according to a Times report, L.A. County’s median age rose 2.6 years between 2012 and 2022. Thankfully, L.A. is an enticing place to grow older, and not just because of the temperate climate. The city is one of the few municipalities in the world with a “purposeful aging” initiative (though the budget for senior programs will be reduced in 2025). It’s a place that understands that older Angelenos are our cultural core. “Older people tend to be the holders of culture, of language, of sharing [these things], and so they’re always at the forefront of creating that experience for all of us,” says Dr. Laura Trejo, director of Los Angeles County’s Aging and Disabilities Department. Which is why it’s so important for older Angelenos to have resources — and bounties — as they age. Here are some free (and almost free) services and experiences that older people have access to — and younger generations can hopefully look forward to. 50+ Crack open the books with free

Walk on, L.A.! Why you should absolutely explore the city by foot — and how to do it

Walk on, L.A.! Why you should absolutely explore the city by foot — and how to do it (Illustrations by Alva Skog / For The Times; Photos by Francine Orr / Los Angeles Times, Al Seib / Los Angeles Times, and Wojtek Zagorski / Getty Images) Join a walking group, visit a new neighborhood and feel the ground beneath your feet. When it comes to “walkability,” L.A. gets a bad rap. To the weekend visitor, our city can seem like a maze of twisting freeways and roads built for cars, walled off to pedestrians. But those who really know L.A. can tell you it’s a pleasure to stroll through, replete with blooming bougainvillea, rich history and street vendors and shops. You just have to know where to look. Lucky for you, we’ve put together a guide for exactly that. Discover the essential walking paths that will show you the best of L.A. Get to know local groups and leaders who are fusing community and exercise. Learn about the vast stretch of culture contained on one 27.4-mile boulevard. And connect with personal stories about the power

Perspective: How do you make a play about Joan Rivers without Joan Rivers?

“Can we talk?” Joan Rivers’ stand-up tagline had a way of turning audiences into confidants. Rivers may be remembered for her relentless jokes about Elizabeth Taylor’s weight, but she herself was her most relentless target. Making fun of her looks, her sex life, her miserable childhood earned her not only the adoration of fans but also their trust. She was the candid cutup they’d like to have on speed-dial. Making a play about the life and career of Rivers, who died suddenly in 2014 while undergoing a medical procedure, is challenging not because her story wasn’t dramatic but because there was no one like her. How do you bring her audacious wit, rampaging delivery and path-breaking fearlessness back to life? “Joan,” a new play by Daniel Goldstein directed by David Ivers at South Coast Repertory, gives it a shot by divvying up the central role between two actors. Elinor Gunn portrays young Joan while Tessa Auberjonois plays the beloved comic. The more famous version of the character, as you might imagine, is harder to get right. Auberjonois gives a rough approximation of Rivers’ New York

L.A. walking guides

(Sarahi Apaez/Los Angeles Times) Want to explore L.A. foot but don’t know where to go? Here’s our complete collection of city walking guides Walking might not be built into the daily life of your average Angeleno, but our city is still full of fantastic places to explore by foot. Our team of experts is constantly scouting the best ones for you and talking to the people and businesses who are keeping our sidewalks vibrant. Whether you’re looking for the best path for the most scenic staircases to climb or a group of fellow walkers to hit the pavement with, we’ve got you covered — one step at a time. — Alyssa Bereznak, Wellness Editor More to Read We’ll help you find the best places to hike, bike and run, as well as the perfect silent spots for meditation and yoga. You may occasionally receive promotional content from the Los Angeles Times. More From the Los Angeles Times Most Read in Lifestyle

Donald Trump elected president again after winning Wisconsin’s electoral votes, CBS News projects

Donald Trump elected president again after winning Wisconsin’s electoral votes, CBS News projects – CBS News Watch CBS News Former President Donald Trump has been elected president once again, CBS News projects. Norah O’Donnell anchored CBS News’ special coverage. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Trump wins historic comeback after 2020 loss, indictments and bruising campaign

Donald J. Trump’s projected victory over Kamala Harris in the 2024  presidential election marks a historic and improbable comeback for the former president, who left office in 2021 after failing to overturn the 2020 election results. Afterward, he became the first former president to be charged with either state or federal crimes, with four separate indictments , one of which resulted in conviction .  “We overcame obstacles that nobody ever thought we could,” he said on election night after a bitter, bruising campaign. He vowed to fight for every family and for their futures. “This will truly be the golden age of America,” he vowed. Trump was projected by CBS News to have won the battleground states of North Carolina, Georgia, Pennsylvania and Wisconsin — surpassing the electoral vote threshold of 270 by 6 votes with a total of 276. Votes were still being counted in the other battleground states of Michigan, Nevada and Arizona when Trump secured the presidency.  Former President Donald Trump with former first lady Melania Trump and son Barron Trump during an election night event on Nov. 6, 2024 in West

NASCAR dishes out $600,000 in fines, suspends 9 over race manipulation

November 6, 2024 / 5:33 AM EST / AP Charlotte, N.C. — NASCAR issued $600,000 in fines and suspended nine team members from three different teams on Tuesday for alleged race manipulation at Martinsville Speedway. The penalties came down after a contentious final battle Sunday at the Virginia track in which Christopher Bell initially qualified for the championship final four but his move to hit the wall and use it for momentum violated a banned safety rule and was disallowed. That gave the final spot in this week’s winner-take-all finale at Phoenix Raceway to William Byron. The race itself was won by Ryan Blanely. Ryan Blaney, center, celebrates in Victory Lane after winning a NASCAR Cup Series auto race at Martinsville Speedway in Martinsville, Va., on Nov. 3, 2024. Chuck Burton / AP But, NASCAR was clear in disqualifying Bell that it would take a hard look at the actions other drivers played in the sequence of events as Bell and Byron battled for the final spot in the championship flat. In the case of Bell, NASCAR determined fellow Toyota driver Bubba Wallace faked a

Here’s what to expect with the Fed’s rate cut decision on Thursday

New data before next Fed decision New U.S. economy data before next Fed interest rate decision 03:36 The Federal Reserve on Thursday is expected to cut interest rates for the second time this year, with the decision coming less than two months after its surprise jumbo cut in September.  The Fed is expected to shave borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to forecasts from economists polled by FactSet. That would bring the federal funds rate — the interest rate banks charge each other for borrowing money — down to a range of 4.5% to 4.75% from its current 4.75% to 5% level.  With the Federal Reserve’s preferred inflation measure dropping to 2.1% last month , just shy of the Fed’s 2% goal, the central bank is easing off the brakes it applied when inflation hit a 40-year high during the pandemic. High borrowing costs have made it more expensive to buy everything from homes to cars.  If the Fed cuts rates by 0.25 percentage points on Thursday as predicted, the move will provide some added relief