FEMA Administrator Deanne Criswell confirmed that an employee was fired for instructing relief workers in Florida to avoid homes with pro-Trump signs. Criswell called the behavior “reprehensible” and stated it goes against FEMA’s values of helping all people regardless of political affiliation. The matter has been referred for investigation. Florida Governor Ron DeSantis criticized the…
Black business leaders are reflecting on Vice President Kamala Harris’ loss in the presidential race and preparing for the upcoming administration of President-elect Donald Trump. Some believe Trump’s focus on economic issues resonated with voters, while others attribute Harris’ loss to racism and sexism. Concerns have been raised about the impact on diversity and inclusion…
Workers in three red states – Alaska, Missouri, and Nebraska – will now have access to earned paid sick leave after ballot measures were passed in Tuesday’s election. This marks a shift towards providing paid sick leave for employees in both liberal and conservative-leaning states. The trend towards more progressive labor policies is gaining momentum…
Siemens CEO Joe Kaeser discussed his experiences with the Trump administration during his first term in office, noting that they were highly receptive to business issues and implemented policies that helped the economy. Kaeser mentioned that Trump’s tax cuts were positive, although some studies showed they had limited impact on U.S. growth. As Trump prepares…
As Wall Street anticipates President-elect Donald Trump’s return to the White House, one area of stocks that could benefit the most is those that stand to gain from his plan to cut corporate tax rates, according to Goldman Sachs. Trump’s victory has reduced some political uncertainty and served as a catalyst for a surge in…
Former President Donald Trump’s media company saw its shares rise after projections indicated he was winning the presidential election. Despite posting a loss in the third quarter, the stock surged as Trump gained a solid Electoral College lead. Trading was halted multiple times due to volatility, but the stock, seen as a market proxy for…
Mortgage rates have surged higher following Trump’s victory, with the average rate on a 30-year fixed mortgage reaching 7.13%. This increase is linked to the rise in the U.S. 10-year Treasury yield. Housing stocks have fallen as a result. Tech CEOs like Bezos, Zuckerberg, and Altman congratulated Trump on his win, expressing eagerness to work…
Treasury yields rose on Wednesday as Donald Trump was projected to win the U.S. presidential election over Vice President Kamala Harris. The 10-year Treasury yield jumped to 4.42%, its highest level since July, as investors anticipated increased economic growth under a Trump presidency. The yield on the 2-year Treasury also increased, reaching its highest level…
Flags on the New York Stock Exchange in the financial district set the scene for a night of speculation as stock futures rose amid rumors of a potential edge for former President Donald Trump in the presidential race. The Dow Jones, S&P 500, and Nasdaq 100 futures all saw gains, with Bitcoin reaching a record…