Victor Reklaitis
Victor Reklaitis
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Las Vegas Sands CEO Sheldon Adelson, a longtime GOP donor, ranks No. 1 among S&P 500 bosses in political spending

Las Vegas Sands CEO Sheldon Adelson, a longtime GOP donor, ranks No. 1 among S&P 500 bosses in political spending

Billionaire Las Vegas Sands Corp. CEO Sheldon Adelson kept up his major giving to Republican candidates and groups in the 2020 cycle, putting him easily at No.1 among all S&P 500 index bosses when it comes to political spending. Adelson, who is also the casino company’s founder and chairman, shelled out $26.4 million of his own money to the GOP, according to a MarketWatch analysis of the latest processed Federal Election Commission data, which cover individual contributions made to monthly filers between January 2019 and August 2020 and to quarterly filers, through June 2020.According to...

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Victor Reklaitis
Oct 29
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Here are the Senate races to watch, as Democrats battle to take control from Republicans

Here are the Senate races to watch, as Democrats battle to take control from Republicans

If Democrats take control of the U.S. Senate, that could lead to laws that shake up key sectors such as tech, health care, finance and energy — especially if the Nov. 3 election brings a “blue wave” that puts Joe Biden in the White House. So which Senate races are worth tracking, as 35 seats in that 100-member chamber are up for grabs in 2020?The nonpartisan Cook Political Report has rated 10 seats as solidly Republican and 10 as solidly Democratic as of Friday, meaning the independent newsletter’s analysts view 15 races as competitive, with ratings that range from “Toss up” to “Lean D” or...

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Victor Reklaitis
Oct 10
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Betting markets see Biden win as more likely after chaotic debate

Betting markets see Biden win as more likely after chaotic debate

With the first debate now behind them and 34 days to go till the election, President Donald Trump and Democratic challenger Joe Biden are back to more standard campaign fare in the heartland. give Biden a 59% chance of winning the White House race vs. Trump’s 41% , a bigger advantage than a day ago, when the former vice president had a 54.5% chance vs. the president’s 45%. It’s also Biden’s largest edge by this metric in more than a month.Data pointPolling avg. in top swing statesBiden +3.5National polling avg.Biden +6.5Betting marketsBiden 59%, Trump 41%S&P 500+0.8% Wednesday, -4.1% in 1...

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Victor Reklaitis
Sep 30
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Trump says Supreme Court will need 9th justice to decide election outcome

Trump says Supreme Court will need 9th justice to decide election outcome

President Donald Trump on Wednesday suggested the Supreme Court will have to make a ruling on the Nov. 3 presidential election, so a new justice for the high court should be confirmed before Election Day. “I think it’s better if you go before the election, because I think this scam that the Democrats are pulling — it’s a scam — the scam will be before the United States Supreme Court,” Trump told reporters at the White House, in an apparent reference to efforts to increase mail-in voting during the coronavirus pandemic.“I think having a 4-4 situation is not a good situation, if you get that....

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Victor Reklaitis
Sep 23
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Republicans have the votes to confirm new Supreme Court justice, says Sen. Lindsey Graham

Republicans have the votes to confirm new Supreme Court justice, says Sen. Lindsey Graham

The Republican-led Senate appears poised to move forward with confirming a replacement for the late liberal Justice Ruth Bader Ginsburg, with GOP Sen. Lindsey Graham of South Carolina saying late Monday there was support from a sufficient number of lawmakers. Four GOP senators could halt a quick confirmation as the party has a 53-47 majority in that chamber, but so far only Republican Sens. Susan Collins of Maine and Lisa Murkowski of Alaska have opposed a vote before the Nov. 3 elections.“We’ve got the votes to confirm Justice Ginsburg’s replacement before the election,” Graham, who chairs...

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Victor Reklaitis
Sep 22
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Trump says U.S. government should get a cut of any deal for Chinese-owned TikTok

Trump says U.S. government should get a cut of any deal for Chinese-owned TikTok

President Donald Trump on Monday suggested the U.S. government should get part of the proceeds of any sale of Chinese-owned video-sharing app TikTok, as he also signed an executive order that aims to prevent federal agencies from replacing U.S. workers with overseas staff.Trump recounted a Sunday conversation with Microsoft Corp.CEO Satya Nadella about the American software giant’s interest in acquiring TikTok from Beijing-based ByteDance Ltd., two days after surprising Wall Street and his own White House by in the U.S.“I did say that, ‘If you buy it … a very substantial portion of that...

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Victor Reklaitis
Aug 3
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Potential Biden running mate Bass says Trump has done what ‘George Wallace would have done’ as president

Potential Biden running mate Bass says Trump has done what ‘George Wallace would have done’ as president

‘His presidency is what I would have imagined George Wallace would have done, had he won for president. It's just been horrible when it comes to race relations.’The criticism above came Wednesday from Rep. Karen Bass, a potential running mate for presumptive Democratic presidential nominee Joe Biden, as the California congresswoman blasted President Donald Trump’s approach to racial issues.When asked about what Biden should get from his pick for vice president, Bass said the Democratic challenger “needs somebody that can help him heal the nation.”“President Trump over the last three and a...

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Victor Reklaitis
Jul 23
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Potential Biden running mate Bass says Trump administration is quietly ‘adopting a strategy of herd immunity’ for COVID-19

Potential Biden running mate Bass says Trump administration is quietly ‘adopting a strategy of herd immunity’ for COVID-19

‘I believe what the administration is doing without really acknowledging is adopting a strategy of herd immunity, which means everybody just needs to be exposed, we need to recognize that people will die.’The line above came Thursday from Rep. Karen Bass, a potential running mate for presumptive Democratic presidential nominee Joe Biden, as the California Democrat criticized what she described as the Trump administration’s “rush to open up the economy” following lockdowns imposed to fight the coronavirus pandemic.Herd immunity refers to when a sufficient portion of a population becomes...

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Victor Reklaitis
Jul 16
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Democrats’ chances of Senate takeover rise, and that could affect health care, energy and financial services, analysts say

Democrats’ chances of Senate takeover rise, and that could affect health care, energy and financial services, analysts say

As presumptive Democratic presidential nominee Joe Biden’s polling lead over President Donald Trump grows, analysts say Democrats’ chances of taking control of the Senate are rising as well.“We raise our estimate of the likelihood that Democrats will win control of the Senate from 25% to 35% based on the Cook Political Report downgrade of Republican seats in MT, GA, and AK,” said analysts at Height Capital Markets in a note on Friday.The influential Cook Political Report has changed its rating for a Senate race in Montana, where Republican incumbent Steve Daines faces Democratic Gov. Steve...

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Victor Reklaitis
Jun 19
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Biden’s lead grows to 12 points in Fox News poll, which Trump blasts as ‘phony’

Biden’s lead grows to 12 points in Fox News poll, which Trump blasts as ‘phony’

Joe Biden has taken a 12-point lead over President Donald Trump in a new Fox News poll focused on the White House race, up from an 8-point advantage last month.Conducted from Saturday through Tuesday among a random national sample of 1,343 registered voters, shows 50% backing the presumptive Democratic presidential nominee and 38% supporting the Republican incumbent. Some 5% of respondents chose “Other,” another 5% said “Don’t know,” and 2% said they wouldn’t vote in the November election.When asked about the job that Trump is doing as president, 27% of those polled said they strongly...

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Victor Reklaitis
Jun 19
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Sen. Sherrod Brown inquires of Treasury’s Steven Mnuchin: ‘How many workers should give their lives to increase the GDP or the Dow Jones by a thousand points?’

Sen. Sherrod Brown inquires of Treasury’s Steven Mnuchin: ‘How many workers should give their lives to increase the GDP or the Dow Jones by a thousand points?’

‘How many workers should give their lives to increase the GDP or the Dow Jones by a thousand points?’That line came from Democratic Sen. Sherrod Brown of Ohio in a tense exchange on Tuesday with Treasury Secretary Steven Mnuchin over efforts to reopen the U.S. economy after lockdowns triggered by the coronavirus pandemic.Brown said he was hearing from experts that it was not safe to reopen the economy until there were better worker protections, including more testing, contact tracing and protective equipment. The senator said President Donald Trump has failed to lead the country on these...

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Victor Reklaitis
May 19
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AOC all but endorses Joe Biden for president: ‘It’s incredibly important that we support the Democratic nominee’

AOC all but endorses Joe Biden for president: ‘It’s incredibly important that we support the Democratic nominee’

‘I would love to see the vice president clarify and deepen his policy stances on certain issues. But aside from that, you know, I think it’s incredibly important that we support the Democratic nominee in November.’That was what influential Democratic Rep. Alexandria Ocasio-Cortez of New York had to say on Wednesday when asked about whether she would endorse Joe Biden, who is set to become her party’s nominee for president.Ocasio-Cortez, speaking in , said her staff now has been in touch with Biden’s campaign after previously telling Biden’s team hadn’t yet reached out to her.When asked...

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Victor Reklaitis
Apr 15
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