The Independent

North Korea launches latest missile test amid escalating tensions (Wed, 04 Nov 2026)
>> Read more

Midterm election 2026 results live: El-Sayed wins Michigan in disastrous night for Trump as Democrats take Congress (Wed, 04 Nov 2026)
Democrats take back control of both the House and the Senate in terrible night for the Republicans and the president
>> Read more

Business | The Guardian

Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory – business live (Wed, 04 Nov 2026)
Democrats’ capture of Congress raise expectations of tougher regulation of AI sector; US stock futures fall but later pare losses Deborah Cunningham, chief investment officer of global liquidity markets at Federated Hermes, says: Democrats pulled off a double victory in the US midterm elections that few saw coming at the onset of the year. The blue wave means the federal government is sure to be divided on most issues. That typically creates a blockade against new legislation — an environment which broad financial markets traditionally view favorably as variables decrease. But liquidity investors are different: they primarily look to the US Federal Reserve headquarters further down the National Mall from the Capitol for guidance – and its perspective is unlikely to have changed. The Fed might have wanted to hike rates in October due to stubbornly high inflation, but that policy-setting meeting may have been too close to the election. (Market sentiment has it that Fed officials traditionally have avoided rate moves in those periods to avoid seeming biased to a political party.) That stance, and officials penciling one more increase in 2026 in their September Summary of Economic Projections, could mean a quarter-point hike in December. That would raise the fed funds target range to 4.00-4.25%. Prior to the US midterm elections, we felt that only two outcomes could meaningfully change monetary and fiscal policy: a GOP sweep creating wider voting margins or a Democratic blue wave large enough to produce filibuster- and veto-proof majorities. While the Democrats have retaken both chambers of Congress, it appears not to be enough to create the latter scenario. In the coming weeks, the stock market may experience volatility, but we think it should ultimately rise. Historically, the 12 months following midterm elections have been good for US equities. In fact, it has been 88 years since the S&P 500 last posted a negative return in that period, with an average of 14%. Why? One explanation is that the poor result of the president’s party motivates it to champion economic policies that improve its chance of victory in the next presidential election. Another is that a divided government hinders the sort of drastic legislation that can unsettle investors, though this election outcome actually raises the odds of modestly stimulative policy passing. Continue reading...
>> Read more