Romania is facing political turmoil after a far-right populist unexpectedly won the first round of the presidential election. This has sparked massive protests and casts a shadow over upcoming parliamentary elections, raising concerns about the country’s democratic future and potential Russian influence.
In a stunning upset, far-right populist Calin Georgescu surged ahead in Romania’s presidential election, securing a place in the runoff against Prime Minister Marcel Ciolacu. His unexpected success reflects growing discontent with the establishment and highlights the rise of right-wing populism in Eastern Europe.
Mastercard (MA) stock surged to a new 52-week high following Donald Trump’s presidential election victory, driven by investor expectations of favorable economic policies and increased consumer spending. Piper Sandler reaffirmed its bullish stance on the stock, raising its price target to $575, while analysts anticipate a surge in transaction volumes fueled by Trump’s proposed tax cuts and deregulation agenda. Mastercard’s focus on financial technology and commercial payments is expected to benefit from these trends, potentially leading to significant growth in the coming years.
In the 2024 election, President Donald Trump witnessed a significant shift in support from Hispanic and Native American voters, historically associated with the Democratic Party. This article explores the factors behind this demographic shift, highlighting the role of cultural values, immigration concerns, and the allure of the American Dream.
Following Kamala Harris’ defeat in the 2024 US Presidential election, several large-cap stocks experienced significant declines. Moderna, Honda, Akamai, Advanced Drainage Systems, AstraZeneca, Pinterest, MercadoLibre, First Solar, POSCO Holdings, and Floor & Decor Holdings all saw substantial losses. These declines were likely attributed to a combination of factors including disappointing earnings reports, revised guidance, and concerns over the impact of the new administration’s policies.
The stock market surged to record highs following the election, with the S&P 500 closing at 5,995.54 on Friday. While some attribute the rally to the removal of election uncertainty, others point to a more powerful force: the stock market vigilantes. These are investors who, by their own self-interest, will push policies that keep stock prices high, potentially influencing the direction of the economy and even the president’s decisions.
Mauritius Prime Minister Pravind Jugnauth has conceded defeat in the recent parliamentary elections, acknowledging that his political alliance, L’Alliance Lepep, is facing a substantial loss. The election saw a record number of political parties and alliances vying for the 62 seats in parliament, with the winner securing the prime minister’s position.
Georgian President Salome Zurabishvili has called for fresh parliamentary elections, citing allegations of electoral fraud and manipulation in the recent vote. The opposition, supported by the EU and US, has denounced the election results and refused to recognize the newly elected parliament. The crisis highlights tensions between the ruling party and the opposition, as well as Georgia’s aspirations for European integration.
Shigeru Ishiba has been elected as Japan’s Prime Minister after a tumultuous week that saw his entire cabinet resign and his coalition lose the general election. He will now lead a minority government, facing a number of challenges, including a potentially hostile relationship with the US under President Donald Trump and the need to secure enough votes to pass legislation. The opposition parties are fractured, preventing a strong challenge to Ishiba’s leadership.
Donald Trump secured a decisive victory over Vice President Kamala Harris in the recent election, achieving gains among a diverse coalition of voters. Trump’s campaign focused on economic issues, particularly inflation, resonating with working-class voters and attracting new support from Latino, Black, and younger demographics.
