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Inside the holiday spending outlook

From shopping to services, consumer spending is showing strength across categories. Holiday shopping got an early start, and it’s not just higher earners filling their carts. Bank of America Institute sees continued spending growth recovery for lower- and middle-income households.

See what’s driving the trends.

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The blue wave was even bigger than we expected. What does that mean for the rest of Trump's term?

The Democratic Party has flipped the House and the Senate. While there are still votes left to be counted and races yet to be determined, the Democrats' victory is unambiguously big – at least 54 Senate seats and approximately 258 seats in the House. In the Senate, Democrats won unexpected victories in Kansas (which had not elected a Democratic senator since 1932) and Texas (which had not elected one since 1988). Meanwhile, House wins stretched into districts recently gerrymandered by Republicans. Across state and congressional races, Democrats found success in parts of the United States where the party had not been competitive in generations.

While the president's party historically loses midterm elections, the scale of Republican losses is among the largest in decades, exacerbated by the Trump administration's historic corruption, war in Iran, unpopular tariffs, and focus on vanity projects – from ballrooms to arches – that aren't voter priorities.

It's a loss that will have far-reaching ramifications for the final two years of the Trump administration and the 2028 presidential election. But before looking ahead to the next election, I want to evaluate what I got right and wrong in my top three calls for the midterms. And what that record means for the remainder of Trump's time in the Oval Office.

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Democrats’ midterm sweep is a rebuke of Trump’s presidency

In this 'ask ian,' Ian Bremmer takes a look at the issues that drove the "blue wave" in the 2026 US midterms and how Democrats winning control of the House and Senate represents a repudiation of President Donald Trump’s governing record.

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Three takeaways from the US midterm elections

In the end, the long-predicted “blue wave” turned into a tsunami as the Democrats, harnessing widespread frustrations over high living costs, opposition to the war in Iran, and misgivings about Trump’s deportation policies, swept back to power on Capitol Hill.

Team Blue reclaimed control not only of the House of Representatives, but the Senate too. Some of the Democrats’ wins were true stunners: until last night, neither Texas nor South Carolina had elected a Democratic senator since the 1990s. Kansas hadn’t done it since the 1920s.

What lessons will each party draw from the drubbing? And how might the outcome affect the rest of the world? Let’s take a look at what we can expect in the final two years of Trump’s presidency.

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A night of historic firsts

Last night’s wins were not only pivotal but also broke multiple glass ceilings in American politics. There were at least ten historic firsts:

Abdul El-Sayed will be the first Muslim to serve in the Senate.

Keisha Lance Bottoms will be the first-ever Black woman to serve as governor.

Chris Pappas will be the first openly gay man to serve in the Senate.

Gina Hinojosa will be Texas' first Latina governor.

Aaron Ford will be Nevada's first Black governor.

Deb Haaland will be the country's first Native American woman to serve as governor.

Amy Acton will be Ohio's first female governor, and Amy Klobuchar will be Minnesota's first female governor.

The barrier-breaking wasn’t contained to the Democratic side: Republican Byron Donalds will become Florida’s first Black governor, and Marsha Blackburn will be Tennessee's first female governor.

South Africans head to the polls, Meloni wants to keep wealthy people in Italy, Russia’s return to the ice draws causes controversy

South Africans vote in pivotal local elections

Voters in Africa’s wealthiest country have a pivotal election of their own today, with over 250 local contests nationwide. The elections are widely seen as a referendum on the African National Congress (ANC), the party that has governed South Africa since the end of apartheid, amid frustration over pervasive corruption, crumbling public services, and rising migration. The ANC has seen its standing slide in recent years. In 2024, it lost its parliamentary majority for the first time in 30 years and, in the 2021 municipal elections, saw its support fall below 50%. Polls show its support could fall below 40% in today’s contests, likely losing ground to the rival Democratic Alliance and former President Jacob Zuma’s uMkhonto weSizwe party. But the ANC remains the largest party in South Africa, and its loss could lead to unstable governing coalitions in many cities and strain ties that carefully bind the national government.

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If predictions hold, Democrats are on track to win a majority of seats in the House. The real battle today is for the Senate, where Republicans currently hold 53 seats. Democrats need a net gain of four seats to hold a true majority, since Vice President JD Vance can cast a tie-breaking vote in their favor.

We’ve put together a cheat sheet of 11 races to watch, based on the Cook Political Report’s ratings: contests that lean Republican, contests that lean Democratic, and toss-ups. These races are no easy feats for Democrats. In Alaska, Ohio, and Texas, they’re gunning to flip seats in states Trump won by double digits in 2024. In Texas, a Democrat hasn’t been elected to the Senate since 1988 – the year before the Democratic nominee James Talarico was born. And in Kansas, voters haven’t elected a Democrat to the Senate in almost a century.

The key in these red states is what Republican-leaning voters who may have backed Trump in 2024 but are unhappy with the economy do next, Cook Political Report Editor-in-Chief Amy Walter said on a recent episode of GZERO World. “If those voters stay home, that becomes problematic for Republicans,” she said. “If they show up and vote Democrat, that is where you start to see those red states move toward Democrats.”

Download the GZERO cheat sheet - The midterms: Races that could decide the Senate

Bangladeshi garment workers demand higher wages

Garment workers in Bangladesh have taken to the streets over the past week, demanding higher wages and forcing more than 600 factories to shut down nationwide. Protests escalated on Sunday in the capital, Dhaka, after police fired tear gas at demonstrators. The industry generates more than $40 billion for Bangladesh per year, about 10% of its GDP, but workers say they aren’t seeing any of that money. They are demanding that the national minimum monthly wage be raised from 13,000 taka ($105), among the lowest in the world, to 30,000 taka ($242). Recently-elected PM Tarique Rahman has scrambled to contain the unrest, announcing a new wage board to review workers’ demands. Worker strikes could have a global impact: Bangladesh is the world’s second-largest garment exporter after China, supplying about 7% of garments worldwide, including to major brands like H&M, Primark, and Uniqlo.

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As AI creates new opportunities, the people who understand a community best play an important role in determining how those opportunities take shape. Across the US, Microsoft is supporting AI literacy classes as part of a new program developed in collaboration with the Public Library Association, working through trusted local institutions to help people build practical AI skills.

By pairing new technology with local knowledge, the initiative is helping communities explore how AI can support their needs and open new possibilities, while putting local leaders and organizations at the center of that work.

Read the full story here.

Americans vote tomorrow in midterm elections that could hand Democrats control of Congress. For more than a year, the party has been favored to win the House. But recent polls over the last few months show that the Senate, once considered out of reach, is within reach for Democrats as well.

Republicans currently hold 53 seats, meaning Democrats need a net gain of four to take control and overcome any potential tie-breaking vote by Vice President JD Vance. That’s a remarkable turnaround from their bruising 2024 losses, especially given the states at the center of the Senate battle – Alaska, Kansas, Texas, Ohio, and Iowa – were ones Republicans easily won in Senate and presidential contests in recent years.

But Republicans have faced a tough political environment. The president’s party typically loses ground in midterm elections, and Republicans face additional global headwinds that have shaped voters’ attitudes. We’re breaking down the three main issues that could help decide tomorrow’s elections: the cost of living, Israel, and AI.

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Not bad for a debut! Almgren, a former risk analyst and amateur soccer and track star who dedicated himself full time to distance running in 2025, had never run a marathon before Sunday. You read that right — it was his first marathon ever. He is the first European-born winner of the NYC race in 30 years. Last year he became the first non-African-born runner to crack the 59-minute mark in a half marathon, accomplishing the feat at Valencia. A few days later he flew to New York to watch the 2025 NYC Marathon and decided he’d give 26.2 miles a shot.

Poland’s constitutional crisis deepens

Poland is engulfed in a constitutional crisis amid a standoff between Prime Minister Donald Tusk and President Karol Nawrocki over the country’s top court. Last month, Chief Justice Bogdan Święcicki, aligned with the previous government’s Law and Justice Party (PiS), refused to allow a parliament-approved judge to take his seat. Then, on Friday, pro-Tusk judges announced Święcicki’s suspension and appointed Judge Anna Korwin-Protrowska to lead it instead. On hearing the news, Nawrocki dramatically turned around his plane en route to Senegal, while protesters gathered at the court. By Friday evening, Tusk had deployed riot police and defended the court’s decision. It’s the latest escalation in a string of disputes between the centrist, pro-EU prime minister and right-wing nationalist president: the court is stacked with PiS-allied judges appointed under the previous administration, which the EU ruled was no longer impartial. The confrontation risks eroding either party’s constitutional legitimacy ahead of next year’s parliamentary election.

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In this Quick Take, Ian Bremmer shares his predictions for the US midterm elections and what a major Democratic victory could mean for President Donald Trump and the Republican Party.

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The US has stopped providing financial assistance to Ukraine, leaving European countries to shoulder the cost of sustaining Kyiv's war effort. But with economic pressures mounting and far-right parties gaining ground across Europe, how long can that support last?

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