In response to Donald Trump’s election victory, US Treasuries have rebounded from a sell-off, with the 10-year Treasury yield dropping to 4.27%. Investors are questioning the impact of Trump’s policies on inflation and interest rates, with the Federal Reserve chair emphasizing a wait-and-see approach. Market sentiment has shifted, with US stocks rising and traders anticipating a possible rate cut at the Fed’s December meeting.
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Officials Are Fired at Traffic Safety Agency Investigating Musk’s Company
The National Highway Traffic Safety Administration, responsible for investigating the role of self-driving technology in Tesla vehicles in a pedestrian's death, laid off 4% of its employees, but remains larger than at the start of the Biden administration. Investigations into Tesla's autonomous driving software, which uses cameras, are ongoing due to accidents possibly caused by poor visibility. Tesla CEO Elon Musk, leading a government efficiency team, has emphasized the importance of self-driving technology for Tesla's...
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