International News
Trump’s Social Media Stock Surges After Election Victory
Donald Trump’s recent election victory isn’t just putting him back in the White House; it’s also delivering a massive boost to his personal wealth.
On Wednesday, Trump Media’s stock, traded under the ticker “DJT,” soared by 35% in premarket trading, pushing the company’s valuation to around $9 billion.
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Trump holds a significant majority stake in the right-wing social media company, which, despite its limited earnings and operational losses, has experienced a meteoric rise in stock value.
This surge brings the value of Trump’s 114.75 million shares to approximately $5.3 billion—up from $3.9 billion at the close of trading on Election Day.
However, analysts caution that Trump’s new wealth figure is largely theoretical, as liquidating a large portion of his shares could send prices tumbling.
Trump Media’s stock has often been viewed as a bellwether for investor sentiment on Trump’s political prospects.
After a sharp decline in September, the stock began rebounding in late October as Trump’s odds of winning the election improved.
This trend culminated in a steep rally after his victory, with speculation among investors driving the rapid increase in value.
However, despite this financial gain, Trump Media faces significant challenges.
The company operates at a loss and will need to address financial hurdles to maintain its momentum.
International News
JUST IN: Trump Wins US Presidential Election In Dramatic Comeback
In a surprising and historic political comeback, Donald Trump has won the US presidential election, according to projections announced by major US media outlets on Wednesday.
Trump defeated Democratic candidate Kamala Harris in a highly contested race, marking his return to the White House after a turbulent campaign season.
Related News: Trump Nears Historic Comeback As Republicans Sweep Key Swing States
Trump’s victory caps off a remarkable political resurgence following his previous term in office, which ended in 2021.
This comeback followed a lengthy campaign filled with controversy, resilience, and drama, including two assassination attempts and a criminal conviction.
Despite these challenges, Trump maintained a strong and committed base, ultimately securing enough electoral support to reclaim the presidency.
Both campaigns saw high voter turnout, with voters deeply divided over key issues.
More to follow………..
International News
Trump Nears Historic Comeback As Republicans Sweep Key Swing States
Following Tuesday’s high-stakes election, former President Donald Trump appears set to return to the White House, with Republicans also on track to secure majorities in both the House and Senate.
Trump’s victories in key battleground states, including Georgia and North Carolina, have moved him closer to the 270 electoral votes required to win the presidency.
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As of early Wednesday, his lead continues to grow as ballots are counted and media outlets project his advantage across crucial states.
For the third election in a row, the American electorate remains nearly evenly divided over Trump’s polarizing presence.
The race between Trump and Vice President Kamala Harris has narrowed in several pivotal states, including Michigan, Pennsylvania, and Wisconsin.
These three states, which were critical in both Trump’s 2016 victory and President Joe Biden’s win in 2020, once again look poised to determine the outcome.
Current vote patterns in the Rust Belt indicate that Trump may be on the verge of flipping these states back into the Republican column.
In 2016, his victories in these industrial regions disrupted the Democratic “Blue Wall” that had held for six consecutive elections from 1992 to 2012, with a razor-thin margin of about 80,000 votes across the three states.
Four years later, Biden reclaimed them for the Democrats by roughly 260,000 votes.
This time, early returns suggest the Rust Belt may swing back to Trump, bolstered by his renewed support in rural and exurban areas where culturally conservative, non-college-educated white voters continue to dominate.
If Trump holds on to his leads in North Carolina and Georgia and secures Arizona, his path to victory becomes all but certain with just one of the three Rust Belt states tipping in his favor.
Should he succeed, he would become only the second president in U.S. history—following Grover Cleveland in the late 1800s—to lose the presidency and regain it in a later election.
Results as of midnight highlight ongoing trends familiar to Trump’s base and Harris’s supporters alike.
Trump is building strong numbers in smaller towns, rural areas, and exurban counties, while Harris has captured significant—albeit, in some places, diminished—support in affluent, diverse suburbs around Philadelphia, Detroit, and Milwaukee.
A new factor this year is Trump’s modest gains among Black and Latino voters, particularly men, according to exit polls from Edison Research.
These shifts are evident in the former “Blue Wall” states as well as in other key regions.
The overall election landscape, despite Trump’s unique role, underscores the historical challenge of retaining the White House when an outgoing president leaves with low approval ratings.
Since World War II, the White House has often flipped to the opposite party in similar situations, as occurred in 1952, 1968, and 2008.
While popular presidents have not always guaranteed a win for their successors, historically unpopular leaders have presented significant barriers to their parties.
International News
Israeli PM Fires Defense Minister Amid National Security Crisis, Sparking Protests
In a significant political shift amid ongoing conflicts, Israeli Prime Minister Benjamin Netanyahu dismissed Defense Minister Yoav Gallant, citing a “crisis of trust.”
The decision, announced Tuesday, was met with immediate criticism, with opponents accusing Netanyahu of prioritizing political considerations over national security, especially as Israel braces for potential Iranian retaliation after its October 26 airstrikes on Iran.
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Replacing Gallant is Israel Katz, a close ally of Netanyahu, who now takes charge of Israel’s military strategy in Gaza and Lebanon.
Shortly after Gallant’s dismissal, protesters blocked highways and ignited bonfires, signaling public unrest.
In a further reshuffle, Netanyahu appointed Gideon Saar as the new foreign minister, succeeding Katz in this role.
The friction between Netanyahu and Gallant, both members of the right-wing Likud party, reportedly intensified over the strategic objectives of Israel’s year-long campaign against Hamas in Gaza.
The timing of Gallant’s firing, during U.S. presidential elections, took many by surprise.
Gallant had reportedly issued draft notices to ultra-Orthodox Haredi men, angering factions in Netanyahu’s government who oppose conscription, which some experts believe was a tipping point.
Katz, who vowed to secure the return of Israeli hostages and defeat Hamas and Hezbollah, took to social media platform X to express his commitment.
His tenure as foreign minister had already seen him take a strong stance, including barring U.N. Secretary-General Antonio Guterres from Israel for allegedly failing to condemn recent Iranian missile strikes.
The response to Gallant’s dismissal was polarized, with Itamar Ben-Gvir, a right-wing coalition member, praising the move, while opposition leader Yair Lapid called it an “act of madness.”
In the United States, a White House spokesperson noted Gallant’s valued partnership with the U.S. and expressed intentions to work with Katz going forward.
Escalation in Gaza and Northern Airstrikes
As Israel reshuffled its leadership, tensions in Gaza and Lebanon escalated further.
Israeli airstrikes on northern Gaza intensified on Tuesday, killing at least 35 people since Monday night, according to Palestinian medics.
The strikes targeted various regions, including Beit Lahiya, where 20 civilians reportedly died.
New evacuation orders were issued in Gaza, with Israeli planes dropping leaflets instructing residents to relocate south.
Israel has stated that these evacuations aim to protect civilians from conflict zones as its forces engage with Hamas fighters. Critics, however, claim the intent is to create buffer zones around Israeli-controlled areas.
Since the start of the conflict, health authorities in Gaza report over 43,300 Palestinian deaths, with the violence intensifying after Hamas-led militants attacked Israel on October 7, 2023, killing approximately 1,200 Israelis and capturing 251 hostages.