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By Chris Prentice, Pete Schroeder NEW YORK (Reuters) -Global equities retreated and the dollar rose on Tuesday as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week. Traders awaited U.S. inflation data due on Wednesday and a meeting by the European Central Bank on Thursday. The Dow Jones Industrial Average fell 154.10 points, or 0.35%, to 44,247.83, the S&P 500 fell 17.94 points, or 0.30%, to 6,034.91 and the Nasdaq Composite fell 49.45 points, or 0.25%, to 19,687.24. The pan-European STOXX 600 index fell 0.5% on Tuesday, ending an eight-session winning run, with luxury stocks leading declines after weak trade data out of China. Investors will be closely watching Wednesday’s consumer price index report for insight into the trajectory of U.S. inflation and ensuing Federal Reserve policy. A Reuters poll of economists found 90% anticipate a 25 basis point rate cut from the Fed at its Dec. 18 meeting. With an ECB rate cut all but certain, investors will be watching for clues about its policy path. Another boost to U.S. sentiment was a report showing small business confidence climbing to its highest level in nearly 3-1/2 years in November. Investors in emerging markets were also attuned to Brazilian President Luiz Inacio Lula da Silva undergoing surgery in Sao Paulo to drain a bleed on his brain linked to a fall at home in October. MSCI’s gauge of stocks across the globe fell 4.28 points, or 0.49%, to 866.57. In China, officials had shifted their monetary policy stance from “prudent” to “moderately loose” ahead of the target-setting Central Economic Work conference this week, mirroring their response in previous crises. The Politburo meeting announcement adopted the strongest tone in decades, according to Chen Shujin, head of China financial and property research at Jefferies. Traders are also expecting rate cuts in Europe and Canada this week and are leaning toward a 50 basis point cut in Switzerland as authorities may tap the brakes on the franc’s relentless rise against the euro. The yield on benchmark U.S. 10-year notes rose 3.1 basis points to 4.23%, from 4.199% late on Monday. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.25% to 106.42, with the euro down 0.27% at $1.0523. Spot gold gained 1.27% to $2,692.43 an ounce. U.S. gold futures settled 1.2% higher at $2,718.40. [GOL/] Elsewhere in commodities, oil prices extended their climb, after rising more than 1% on Monday, on the China stimulus and possible tight supply in Europe. Investors assessed the potential regional fallout from the overthrow of Syrian President Bashar al-Assad. Brent crude futures settled up 0.07% at $72.19 a barrel. U.S. West Texas Intermediate finished up 0.32% at $68.59 a barrel. (Additional reporting by Tom Westbrook in Singapore; Editing by Ros Russell, Will Dunham and Bernadette Baum) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );NoneDana Hull | (TNS) Bloomberg News Jared Birchall, Elon Musk’s money manager and the head of his family office, is listed as the chief executive officer. Jehn Balajadia, a longtime Musk aide who has worked at SpaceX and the Boring Co., is named as an official contact. Related Articles National Politics | Trump’s picks for top health jobs not just team of rivals but ‘team of opponents’ National Politics | Biden will decide on US Steel acquisition after influential panel fails to reach consensus National Politics | Biden vetoes once-bipartisan effort to add 66 federal judgeships, citing ‘hurried’ House action National Politics | A history of the Panama Canal — and why Trump can’t take it back on his own National Politics | President-elect Trump wants to again rename North America’s tallest peak But they’re not connected to Musk’s new technology venture, or the political operation that’s endeared him to Donald Trump. Instead, they’re tied to the billionaire’s new Montessori school outside Bastrop, Texas, called Ad Astra, according to documents filed with state authorities and obtained via a Texas Public Information Act request. The world’s richest person oversees an overlapping empire of six companies — or seven, if you include his political action committee. Alongside rockets, electric cars, brain implants, social media and the next Trump administration, he is increasingly focused on education, spanning preschool to college. One part of his endeavor was revealed last year, when Bloomberg News reported that his foundation had set aside roughly $100 million to create a technology-focused primary and secondary school in Austin, with eventual plans for a university. An additional $137 million in cash and stock was allotted last year, according to the most recent tax filing for the Musk Foundation. Ad Astra is closer to fruition. The state documents show Texas authorities issued an initial permit last month, clearing the way for the center to operate with as many as 21 pupils. Ad Astra’s website says it’s “currently open to all children ages 3 to 9.” The school’s account on X includes job postings for an assistant teacher for preschool and kindergarten and an assistant teacher for students ages 6 to 9. To run the school, Ad Astra is partnering with a company that has experience with billionaires: Xplor Education, which developed Hala Kahiki Montessori school in Lanai, Hawaii, the island 98% owned by Oracle Corp. founder Larry Ellison. Ad Astra sits on a highway outside Bastrop, a bedroom community about 30 miles from Austin and part of a region that’s home to several of Musk’s businesses. On a visit during a recent weekday morning, there was a single Toyota Prius in the parking lot and no one answered the door at the white building with a gray metal roof. The school’s main entrance was blocked by a gate, and there was no sign of any children on the grounds. But what information there is about Ad Astra makes it sound like a fairly typical, if high-end, Montessori preschool. The proposed schedule includes “thematic, STEM-based activities and projects” as well as outdoor play and nap time. A sample snack calendar features carrots and hummus. While Birchall’s and Balajadia’s names appear in the application, it isn’t clear that they’ll have substantive roles at the school once it’s operational. Musk, Birchall and Balajadia didn’t respond to emailed questions. A phone call and email to the school went unanswered. Access to high quality, affordable childcare is a huge issue for working parents across the country, and tends to be an especially vexing problem in rural areas like Bastrop. Many families live in “childcare deserts” where there is either not a facility or there isn’t an available slot. Opening Ad Astra gives Musk a chance to showcase his vision for education, and his support for the hands-on learning and problem solving that are a hallmark of his industrial companies. His public comments about learning frequently overlap with cultural concerns popular among conservatives and the Make America Great Again crowd, often focusing on what he sees as young minds being indoctrinated by teachers spewing left-wing propaganda. He has railed against diversity, equity and inclusion efforts, and in August posted that “a lot of schools are teaching white boys to hate themselves.” Musk’s educational interests dovetail with his new role as Trump’s “first buddy.” The billionaire has pitched a role for himself that he — and now the incoming Trump administration — call “DOGE,” or the Department of Government Efficiency. Though it’s not an actual department, DOGE now posts on X, the social media platform that Musk owns. “The Department of Education spent over $1 billion promoting DEI in America’s schools,” the account posted Dec. 12. Back in Texas, Bastrop is quickly becoming a key Musk point of interest. The Boring Co., his tunneling venture, is based in an unincorporated area there. Across the road, SpaceX produces Starlink satellites at a 500,000-square-foot (46,000-square-meter) facility. Nearby, X is constructing a building for trust and safety workers. Musk employees, as well as the general public, can grab snacks at the Boring Bodega, a convenience store housed within Musk’s Hyperloop Plaza, which also contains a bar, candy shop and hair salon. Ad Astra is just a five-minute drive away. It seems to have been designed with the children of Musk’s employees — if not Musk’s own offspring — in mind. Musk has fathered at least 12 children, six of them in the last five years. “Ad Astra’s mission is to foster curiosity, creativity, and critical thinking in the next generation of problem solvers and builders,” reads the school’s website. A job posting on the website of the Montessori Institute of North Texas says “While their parents support the breakthroughs that expand the realm of human possibility, their children will grow into the next generation of innovators in a way that only authentic Montessori can provide.” The school has hired an executive director, according to documents Bloomberg obtained from Texas Health and Human Services. Ad Astra is located on 40 acres of land, according to the documents, which said a 4,000-square-foot house would be remodeled for the preschool. It isn’t uncommon for entrepreneurs to take an interest in education, according to Bill Gormley, a professor emeritus at the McCourt School of Public Policy at Georgetown University who studies early childhood education. Charles Butt, the chairman of the Texas-based H-E-B grocery chain, has made public education a focus of his philanthropy. Along with other business and community leaders, Butt founded “Raise Your Hand Texas,” which advocates on school funding, teacher workforce and retention issues and fully funding pre-kindergarten. “Musk is not the only entrepreneur to recognize the value of preschool for Texas workers,” Gormley said. “A lot of politicians and business people get enthusiastic about education in general — and preschool in particular — because they salivate at the prospect of a better workforce.” Musk spent much of October actively campaigning for Trump’s presidential effort, becoming the most prolific donor of the election cycle. He poured at least $274 million into political groups in 2024, including $238 million to America PAC, the political action committee he founded. While the vast majority of money raised by America PAC came from Musk himself, it also had support from other donors. Betsy DeVos, who served as education secretary in Trump’s first term, donated $250,000, federal filings show. The Department of Education is already in the new administration’s cross hairs. Trump campaigned on the idea of disbanding the department and dismantling diversity initiatives, and he has also taken aim at transgender rights. “Rather than indoctrinating young people with inappropriate racial, sexual, and political material, which is what we’re doing now, our schools must be totally refocused to prepare our children to succeed in the world of work,” Trump wrote in Agenda 47, his campaign platform. Musk has three children with the musician Grimes and three with Shivon Zilis, who in the past was actively involved at Neuralink, his brain machine interface company. All are under the age of five. Musk took X, his son with Grimes, with him on a recent trip to Capitol Hill. After his visit, he shared a graphic that showed the growth of administrators in America’s public schools since 2000. Musk is a fan of hands-on education. During a Tesla earnings call in 2018, he talked about the need for more electricians as the electric-car maker scaled up the energy side of its business. On the Joe Rogan podcast in 2020, Musk said that “too many smart people go into finance and law.” “I have a lot of respect for people who work with their hands and we need electricians and plumbers and carpenters,” Musk said while campaigning for Trump in Pennsylvania in October. “That’s a lot more important than having incremental political science majors.” Ad Astra’s website says the cost of tuition will be initially subsidized, but in future years “tuition will be in line with local private schools that include an extended day program.” “I do think we need significant reform in education,” Musk said at a separate Trump campaign event. “The priority should be to teach kids skills that they will find useful later in life, and to leave any sort of social propaganda out of the classroom.” With assistance from Sophie Alexander and Kara Carlson. ©2024 Bloomberg News. Visit at bloomberg.com. Distributed by Tribune Content Agency, LLC.Tottenham Don't miss out on the headlines from Tottenham. Followed categories will be added to My News. Rasmus Hojlund fired Manchester United to a late 2-1 win at Viktoria Plzen in the Europa League on Thursday, while Tottenham were held to a stalemate at Rangers. Rangers sit in the final automatic qualification spot with Spurs one place below them, but both level on 11 points. A draw somewhat eases the pressure on Spurs boss Ange Postecoglou, after his side went into the match with just one win in their last seven outings in all competitions. Rangers took the lead two minutes after the interval when Moroccan striker Hamza Igamane continued his fine start to life in Glasgow by netting his fourth goal in as many European outings this season. Dejan Kulusevski of Tottenham Hotspur scores against Rangers. Picture: Stu Forster/Getty Images Captain James Tavernier bent an excellent inswinging pass from the right flank beyond the Spurs defence and into the path of Igamane who finished unerringly at the far post. Substitutes Dominic Solanke and Dejan Kulusevski combined to bring the English side level with a quarter of an hour remaining, the Swede wrong-footing the goalkeeper with a cool finish from just inside the box. Fraser Forster made a vital save from Cyriel Dessers to keep Spurs level in the last 10 minutes, and moments later the Rangers striker had a goal disallowed for offside. Rangers scored first via Cyriel Dessers. Picture: Stu Forster/Getty Images Ruben Amorim’s United side came from behind to best the Czech side thanks to a second-half brace by Danish striker Rasmus Hojlund, they now sit seventh in the league phase standings. “The win is important at the moment and it’s good to prepare for the next game,” United manager Amorim told TNT Sports. A top-eight finish will see United qualify automatically for the round of 16, while finishing ninth to 24th will earn them a play-off tie to reach that stage. Matej Vydra opened the scoring three minutes after half-time to stun United, before substitute Hojlund scored twice in the last half-hour to seize a vital three points for the English club. The winner came two minutes from time when Bruno Fernandes cleverly slipped a free-kick into the 21-year-old’s feet and he held off a defender before slipping home. Lazio top the standings with 16 points -- joint with Athletic Bilbao -- after beating Ajax 3-1 in Amsterdam to book their spot in the knock-out stages. Rasmus Hojlundscored twice for United. Picture: Gabriel Kuchta/Getty Images Lyon beat Eintracht Frankfurt 3-2 to move up to fourth -- one place above the in-form Bundesliga club. Anderlecht overcame Slavia Prague 2-1 in the Czech capital to jump to third in the standings. A much-changed Chelsea side beat Astana 3-1 in the Conference League to all but guarantee a top-eight finish in the league phase, which would ensure automatic qualification to the round of 16. “It was a solid performance. We knew it was quite cold. We tried to adapt quickly. The players did fantastically with the weather conditions and the long journey yesterday,” said Chelsea manager Enzo Maresca. Chelsea sit top of the standings on 15 points, two ahead of Vitoria Guimaraes who won 4-1 at Swiss side St Gallen. Chelsea wrapped up the points in the first half through goals from Marc Guiu and Renato Veiga. Marin Tomasov pulled one back for the hosts on the stroke of half-time but Maresca’s side rarely looked troubled in the second half as they closed out the win. Spanish teenager Guiu gave Chelsea the perfect start by netting a brace inside the opening 20 minutes, bringing his tally in Europe to three goals in five appearances this season. Last year’s defeated finalists Fiorentina won More Coverage Broken Matilda opens up on comeback heartbreak Erin Smith Slater: Will the real Sydney FC please stand up? Robbie Slater and Marco Monteverde Originally published as Tottenham Hotspur draw 1-1 with Rangers in Europa League Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Football Ange silences his critics with one answer Ange Postecoglou’s face said it all after he was asked the same question twice in the space of 24 hours, and his answers were as good as it gets. Read more Football Ange stunner as Spurs smack City in record-breaking statement Manchester City’s losing skid in all competitions has extended to five games after Ange Postecoglou’s Tottenham stunned the reigning champions 4-0 at Etihad Stadium. Read more

Donald Trump is returning to the world stage. So is his trollingCATL Launches the Bedrock Chassis That Withstands 120 km/h Impact Without Catching Fire or ExplodingAmerican Airlines fixes technical issue that halted Christmas Eve flightsBy ROB GILLIES, Associated Press TORONTO (AP) — Prime Minister Justin Trudeau told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products , a Canadian minister who attended their recent dinner said Monday. Trump threatened to impose tariffs on products from Canada and Mexico if they don’t stop what he called the flow of drugs and migrants across their borders with the United States. He said on social media last week that he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders. Canadian Public Safety Minister Dominic LeBlanc, whose responsibilities include border security, attended a dinner with Trump and Trudeau at Trump’s Mar-a-Lago club on Friday. Trudeau requested the meeting in a bid to avoid the tariffs by convincing Trump that the northern border is nothing like the U.S. southern border with Mexico . “The prime minister of course spoke about the importance of protecting the Canadian economy and Canadian workers from tariffs, but we also discussed with our American friends the negative impact that those tariffs could have on their economy, on affordability in the United States as well,” LeBlanc said in Parliament. If Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, alcohol and other goods. The Produce Distributors Association, a Washington trade group, said last week that tariffs will raise prices for fresh fruit and vegetables and hurt U.S. farmers when the countries retaliate. Canada is already examining possible retaliatory tariffs on certain items from the U.S. should Trump follow through on the threat. After his dinner with Trump, Trudeau returned home without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump called the talks “productive” but signaled no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. “The idea that we came back empty handed is completely false,” LeBlanc said. “We had a very productive discussion with Mr. Trump and his future Cabinet secretaries. ... The commitment from Mr. Trump to continue to work with us was far from empty handed.” Joining Trump and Trudeau at dinner were Howard Lutnick, Trump’s nominee for commerce secretary, North Dakota Gov. Doug Burgum, Trump’s pick to lead the Interior Department, and Mike Waltz, Trump’s choice to be his national security adviser. Canada’s ambassador to the U.S., Kirsten Hillman, told The Associated Press on Sunday that “the message that our border is so vastly different than the Mexican border was really understood.” Hillman, who sat at an adjacent table to Trudeau and Trump, said Canada is not the problem when it comes to drugs and migrants. On Monday, Mexico’s president rejected those comments. “Mexico must be respected, especially by its trading partners,” President Claudia Sheinbaum said. She said Canada had its own problems with fentanyl consumption and “could only wish they had the cultural riches Mexico has.” Flows of migrants and seizures of drugs at the two countries’ border are vastly different. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border during the last fiscal year, compared with 21,100 pounds at the Mexican border. Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia. On immigration, the U.S. Border Patrol reported 1.53 million encounters with migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing for national security.