Updated

Democrats posted gains in the U.S. midterm elections this week, a result CNBC described as a rebuke of President Trump and the Republican Party. CNBC reported that the outcome is a setback for the conservative campaign against renewable energy, and that investors should pay attention to the policy implications. A separate CNBC analysis of historical election data found that wave elections do not necessarily hurt the party in power in the following presidential year, raising the question of whether Democrats could win the White House in 2028.