Trump, Harris neck and neck ahead of the crucial debate
A national poll by The New York Times and Siena College showed a tight race in the final weeks before the presidential election, with Republican Donald Trump holding a slight edge over Democrat Kamala Harris.
The survey shows Trump with a 48% to 47% lead, a margin that falls within the poll’s three-point error range, suggesting that the outcome of the November 5 election is still highly uncertain.
The recent poll comes after a challenging period for the Trump campaign, following Democratic President Joe Biden’s withdrawal from the race in July. Despite these challenges, the polling data indicates that Trump’s core support remains steadfast.
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How the US election could impact emerging markets
The U.S. presidential election is an important event that affects global financial markets, with its influence reaching far beyond U.S. borders into the economies of emerging markets (EMs).
As the largest economy in the world, the U.S. shapes global financial conditions through its policies on growth, trade, and international relations.
UBS analysts have outlined several ways in which the 2024 election could affect emerging markets, particularly through shifts in the U.S. macroeconomic landscape, trade strategies, and geopolitical relationships.
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Trump win could challenge IRA policies, says Jefferies
A Trump victory in the 2024 US presidential election could place the Inflation Reduction Act (IRA) at risk, according to an analysis by Jefferies.
The report pointed out concerns over potential rollbacks in renewable energy support if Trump returns to office, particularly as Republicans are expected to take control of the Senate.
“The White House remains a toss-up, but a narrow Republican Senate win appears likely,” Jefferies stated.
In this scenario, former President Trump could attempt to reverse many of the IRA’s provisions, including incentives for renewable energy projects like solar and wind. However, the analysis pointed out that the divided nature of Congress would present significant legislative challenges to such efforts.
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