These Are The Biggest Pain Trades

Brazil's Rightward Shift: UBS-Hosted Consultancy Puts Bolsonaro's Runoff Election Odds At 85% Brazil's benchmark Ibovespa index surged above 200,000 for the first time Monday, posting its biggest one-day gain in more than six years, while the real rallied sharply after right-wing Senator Flávio Bolsonaro finished ahead of socialist President Luiz Inácio Lula da Silva in the first round of the presidential election. Market Reaction:  Brazil Just Became The Hottest Trade In EM The Brazil Trade Just Went Nuclear Bolsonaro received 47% of the valid votes, while Lula received 45.2%. The two will face...

They Used AI To Race-Swap Him... Authored by Steve Watson via Modernity.news, Stanford University took a real photograph of three students in a dining hall, ran it through artificial intelligence, and published the result as a "Welcome Home" banner. However, one of those students, Hispanic undergrad Billy Ramirez, class of 2027, was gone. In his place stood an AI-generated Black woman. The two students next to him had their faces slimmed and altered. Clothing was even changed into Stanford merchandise. This was not a student meme. It was official marketing from Residential &...

Japan's Auto Giants Are Losing The EV Race To China Japan’s car industry is being forced into a major reset as Chinese automakers rapidly outpace traditional rivals in electric vehicles, software, and manufacturing speed, according to Nikkei. The shift is especially visible at Honda Motor. In 2021, CEO Toshihiro Mibe pledged that EVs and fuel-cell vehicles would account for all new Honda sales by 2040. Last week, however, he admitted the plan was “not realistic under the current circumstances,” formally backing away from the target. Nikkei writes that Honda’s retreat marks a sharp...