Midterm Takeaways: Tech billionaires suffer horrible night as Democrats drub Republicans

US President Donald Trump speaks to the press after a meeting with technology executives about artificial intelligence at the White House in Washington, DC, on Sept. 29, 2026.Kent Nishimura | Afp | Getty ImagesDemocrats took control of Congress Tuesday night, delivering a stinging rebuke to President Donald Trump and his economic record as voters voiced deep frustration with rising prices, government corruption and the AI data center build-out.The party scored an extraordinary pair of victories in traditionally Republican Texas. James Talarico defeated Ken Paxton, becoming the first Democrat elected to the U.S. Senate from the state in nearly four decades. Gina Hinojosa defeated three-term Gov. Greg Abbott, making her the first Democratic governor of Texas since Ann Richards left office in 1995. Texas became the clearest measure of how far the blue wave reached: Democrats swept the state's marquee races in a Republican stronghold long considered beyond their grasp.The victories were part of a broader wave of Democratic gains. In South Carolina, Democrat Annie Andrews upset Darline Graham in a race Republicans had expected to win. In Ohio, Sherrod Brown defeated Republican Sen. Jon ...