{"id":45068,"date":"2025-11-09T11:35:27","date_gmt":"2025-11-09T11:35:27","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/11\/09\/weekly-wrap-mamdani-win-sc-questions-trumps-tariffs-tesla-approves-musk-pay-package\/"},"modified":"2025-11-09T11:35:27","modified_gmt":"2025-11-09T11:35:27","slug":"weekly-wrap-mamdani-win-sc-questions-trumps-tariffs-tesla-approves-musk-pay-package","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/11\/09\/weekly-wrap-mamdani-win-sc-questions-trumps-tariffs-tesla-approves-musk-pay-package\/","title":{"rendered":"Weekly wrap: Mamdani win, SC questions Trump\u2019s tariffs, Tesla approves Musk pay package"},"content":{"rendered":"
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The past week has been one of extraordinary developments across politics, markets, and technology. <\/p>\n

From a historic mayoral election in New York to a landmark court hearing on US tariff powers, a record-setting Tesla compensation vote, Apple\u2019s AI ambitions, and the longest government shutdown in American history, each story signals significant transitions underway in both governance and business.<\/p>\n

Zohran Mamdani wins New York mayoral race<\/h2>\n

Zohran Mamdani\u2019s victory as the 111th mayor of New York<\/a> marked a defining political shift in the nation\u2019s financial capital. <\/p>\n

The 34-year-old Democrat and self-described democratic socialist defeated former Governor Andrew Cuomo, securing 50.3% of the vote against Cuomo\u2019s 41.6%, according to the Associated Press.<\/p>\n

Mamdani\u2019s win represents a generational and ideological turn in New York politics, making him the city\u2019s first Muslim and first Indian American mayor. <\/p>\n

His campaign centered on rent freezes, free public buses, and city-owned grocery stores resonated with working-class and younger voters.<\/p>\n

However, Wall Street remains wary. Mamdani\u2019s proposals to raise corporate taxes and increase public borrowing have sparked concerns of capital flight. <\/p>\n

Despite tensions, he has since extended an olive branch to the business community, calling for \u201cpartnership between the private and public sectors.\u201d <\/p>\n

His challenge now lies in balancing progressive policies with economic pragmatism.<\/p>\n

Supreme Court questions Trump\u2019s tariff authority<\/h2>\n

In Washington, the Supreme Court\u2019s scrutiny of President Donald Trump\u2019s<\/a> use of emergency powers to impose tariffs sent ripples through financial markets. <\/p>\n

Conservative justices questioned whether the 1977 International Emergency Economic Powers Act (IEEPA) truly grants authority for sweeping global duties.<\/p>\n

Markets gained on Thursday as traders anticipated a narrow ruling that could unwind up to $89 billion in tariffs. <\/p>\n

Retailers and automakers rallied.<\/p>\n

Analysts expect the administration to pivot to alternative trade statutes, maintaining policy flexibility even if IEEPA tariffs are struck down.<\/p>\n

Tesla shareholders approve Musk\u2019s $1 trillion pay package<\/h2>\n

Tesla investors overwhelmingly endorsed CEO Elon Musk\u2019s record-breaking $1 trillion compensation plan<\/a>. <\/p>\n

Roughly 75% of votes supported the equity-based package, potentially boosting Musk\u2019s ownership stake by 12% if Tesla achieves ambitious targets, which include a valuation of $8.5 trillion and annual earnings of $400 billion.<\/p>\n

While major investors like Norway\u2019s sovereign wealth fund and proxy firms opposed the deal, citing its scale and lack of safeguards, supporters argued it aligns Musk\u2019s incentives with Tesla\u2019s long-term growth in robotics and AI. <\/p>\n

The outcome reaffirms investor confidence in Musk\u2019s leadership amid ongoing scrutiny.<\/p>\n

Apple partners with Google to rebuild Siri using Gemini AI<\/h2>\n

Apple Inc. is nearing a $1 billion annual deal with Google<\/a> to integrate the 1.2-trillion-parameter Gemini AI model into Siri, Bloomberg reported. <\/p>\n

The move aims to revamp Siri\u2019s capabilities after years of lagging behind competitors like Alexa and Google Assistant.<\/p>\n

Codenamed \u201cGlenwood,\u201d the project will use Gemini\u2019s advanced computing power for generative AI functions while maintaining Apple\u2019s privacy standards through in-house cloud infrastructure. <\/p>\n

The redesigned Siri, expected in iOS 26.4 by 2026, reflects Apple\u2019s pragmatic shift toward external AI partnerships as rivals race ahead.<\/p>\n

US government shutdown becomes longest in history<\/h2>\n

As political drama unfolded nationwide, the US government shutdown entered its 39th day \u2014 the longest in history.<\/p>\n

Talks between President Trump and Congress remain deadlocked, with the standoff widening from a dispute over health insurance subsidies to a broader ideological clash. <\/p>\n

Democrats offered a one-year extension of expiring ACA subsidies to reopen the government, but Republicans rejected the proposal<\/a>.<\/p>\n

The prolonged shutdown is straining air travel and halting food assistance for 42 million Americans. <\/p>\n

Airlines face capacity cuts of up to 20%, and food banks warn of surging demand as federal nutrition support stalls.<\/p>\n

With federal data collection suspended, markets now look to private indicators like ADP payrolls for economic direction \u2014 as the world\u2019s largest economy continues to operate under unprecedented political paralysis.<\/p>\n

The post Weekly wrap: Mamdani win, SC questions Trump’s tariffs, Tesla approves Musk pay package<\/a> appeared first on Invezz<\/a><\/p>\n

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The past week has been one of extraordinary developments across politics, markets, and technology. From a historic mayoral election in New York to a landmark court hearing on US tariff powers, a record-setting Tesla compensation vote, Apple\u2019s AI ambitions, and the longest government shutdown in American history, each story signals significant transitions underway in both <\/p>\n","protected":false},"author":1,"featured_media":45069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-45068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/45068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=45068"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/45068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/45069"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=45068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=45068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=45068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}