$2.5T has been wiped from US stocks
U.S. stocks have lost $2.5 trillion in market value. The available content gives no details about when it happened or what caused the decline. (reddit.com)
The 2026 midterms are presented as a sweeping rejection of Donald Trump and his political movement: Democrats retook both chambers of Congress and won races in states long viewed as Republican strongholds. The contributors attribute the scale of the losses to voters’ anger at corruption, incompetence, economic pressures and Trump’s loyalty to wealthy allies. They also argue that the results exposed limits to campaign spending: Elon Musk reportedly spent nearly $190m opposing Texas Democrat James Talarico, while Trump-aligned groups spent heavily on candidates in several states, but those efforts failed to prevent Democratic victories.
The South’s changing politics is a central theme. Democrats won Senate and gubernatorial contests in Texas, and Annie Andrews captured South Carolina’s Senate seat, which Republicans had held since 1998. Georgia elected Keisha Lance Bottoms as the first Black woman governor, while other victories included the first Latina governor in Texas, the first woman elected to South Carolina’s Senate seat, and the first Native American woman elected to the US Senate. The writers celebrate these milestones as evidence of continuing faith in progress, but warn Democrats not to mistake the results for a permanent realignment. Voters have given them a temporary mandate, they argue, and now expect transformation rather than a simple return to the pre-Trump status quo.
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U.S. stocks have lost $2.5 trillion in market value. The available content gives no details about when it happened or what caused the decline. (reddit.com)
Chip stocks plunged as Wall Street headed for its worst post-midterm Election Day performance since 1896. The provided page contains no further details about the selloff or its causes. (finance.yahoo.com)
California Gov. Gavin Newsom commuted the death sentences of all 548 people on the state’s death row to life in prison. The move is largely symbolic because California has not executed anyone since 2006, but it could reduce court costs. (bbc.com)
California Gov. Gavin Newsom commuted the death sentences of all 548 people on the state’s death row to life without parole, citing his opposition to capital punishment. Prosecutors and victims’ advocates are expected to challenge the blanket commutation, which affects about one-quarter of death sentences nationwide. (nytimes.com)
A selloff in AI stocks rattled Wall Street. The S&P 500 fell more than 3%. (apnews.com)
An anonymous seller is auctioning about $500 million in data center loans, including debt tied to OpenAI’s Stargate project and operators Vantage and CyrusOne. The sale reflects growing investor concern that AI infrastructure spending and data center projects face mounting financial and political risks. (bloomberg.com)
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