| Trump Trades are already being reversed as investors question whether he will actually push through his tariff proposals. The dollar has given back much of its post-election surge while Treasury yields have whipsawed. And with China’s economy facing new risks from Trump’s reelection, Beijing announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt.
The Biden administration is racing to complete deals designed to boost the US chip industry with Intel, Samsung and others before Trump takes office. The measure is the nation’s most audacious foray into industrial policy since World War II, and has pushed the Washington-led rivalry with Beijing over technology to a critical turning point. Election latest: Trump flipped the battleground state of Nevada. Now the big question is who he’lltap to drive his economic agenda. Control of the US House continued to teeter on uncounted votes in about 30 congressional races. And here’s the reason why Trump’s victory is Elon Musk’s “Tech-Bro Coup.” Daniel Lurie during the first mayoral debate on June 12, 2024. Photographer: David Paul Morris/Bloomberg Levi Strauss heir Daniel Lurie is set to become mayor of San Francisco after positioning himself as a political outsider who can best tackle the city’s homelessness, drug and crime problems. The city’s struggles have made it a target of scorn among conservative media and politicians as a symbol of failed liberal rule. In corporate news, Brazil is courting a Chinese company to compete with Starlink, following its bitter feud with Elon Musk that briefly saw X banned in the country. And the Alberta government fired the entire board of its pension manager, saying the $116 billion Aimco increased compensation and staff, but not its returns. | 