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President Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, demanding his resignation and labeling him unfit for the role. Trump’s discontent stems from Powell's reluctance to lower interest rates, which he believes is crucial for stimulating economic growth and supporting his proposed tax-cut initiatives. Despite Trump's aggressive stance, Powell maintains that the labor market is strong and does not necessitate immediate rate cuts. Speculation about Powell's potential..

The autonomous vehicle landscape is witnessing significant transformations, especially with Tesla's recent robotaxi launch in Austin. While CEO Elon Musk envisions a future of fully autonomous transport, the initial rollout has raised safety concerns, as vehicles have already breached traffic laws. This has triggered a reassessment among investors, reflecting a cautious outlook on Tesla's ambitious plans. Competitors like Waymo and Uber are expanding their services in Atlanta, further intensif..

Tesla's robotaxi initiative in Austin, Texas, has faced significant challenges, highlighting issues such as erratic driving and safety concerns. The trial, which includes a safety driver, operates within a limited area, falling short of Elon Musk's vision for a comprehensive service. As excitement wanes, Tesla's stock has declined amidst investor scrutiny. Competing firms like Waymo and Amazon's Zoox are advancing their own robotaxi projects, posing a formidable challenge to Tesla's ambitions...

Federal Reserve Chair Jerome Powell's future remains uncertain amidst rising political tensions, particularly from President Trump, who has criticized Powell's cautious monetary policies. Although speculation about Powell's replacement has increased, current odds suggest only a 14% chance of his departure by year’s end. Trump's frustration could lead to a candidate announcement for a 'shadow Fed chair,' which may influence markets ahead of Powell's term conclusion. Investors reacted positively..

The Bundestag has moved to enhance Germany's economic landscape by approving a comprehensive 'Investment Booster' package aimed at alleviating corporate tax burdens and stimulating investment. This significant legislative initiative, pending confirmation from the Bundesrat, promises substantial tax relief for businesses, which is expected to encourage growth and improve overall economic conditions. Key elements include accelerated depreciation for companies, a gradual reduction in corporate tax..

Tesla's launch of its robotaxi service in Austin marks a pivotal moment in the autonomous vehicle sector. Despite being a latecomer to the market, Tesla faces fierce competition from established players like Waymo, which has been operational since 2009, and newer entrants such as Amazon's Zoox. The excitement surrounding Tesla's service has positively impacted its stock, with analysts predicting a promising future for the company in the autonomous landscape. However, challenges abound, including..

Global stock markets are experiencing a rally, buoyed by a tentative ceasefire in the ongoing Israel-Iran conflict. The S&P 500, Dow Jones, and Nasdaq indices have all seen gains, with the Nasdaq reaching a four-month high. Economic indicators, including consumer confidence, indicate a positive outlook despite concerns over rising tensions. However, the ceasefire remains precarious, highlighted by recent missile strikes that have escalated the situation. Amidst this backdrop, Federal Reserve C..

The upcoming wedding of Jeff Bezos and Lauren Sanchez in Venice is generating significant controversy. Set against the backdrop of this historic city, the event promises to attract a host of celebrities, including Kim Kardashian and Elton John, with plans for a lavish celebration costing around 30 million euros. However, local activists and environmental groups like Greenpeace Italy have raised concerns over the event's environmental impact and the stark contrast it presents to societal inequa..

Federal Reserve Chairman Jerome Powell recently addressed Congress, asserting that reducing interest rates is not advisable given the current inflation and economic uncertainties. He acknowledged President Trump's calls for lower rates but emphasized the importance of maintaining price stability to support a robust labor market. Powell highlighted the Fed's strategy of a 'wait-and-see' approach, citing the economy's resilience and the unpredictable impact of tariffs on inflation. He also clari..

Bitcoin's recent price stability around $105,000 has been buoyed by a potential interest rate cut from the Federal Reserve, encouraging a rally in both cryptocurrency and risk assets. A fragile ceasefire in the Middle East has further enhanced market sentiment. Analysts observe that steady institutional inflows into Bitcoin reflect confidence amid geopolitical tensions. The bullish momentum is illustrated by a significant lead in call options ahead of a major expiry, with expectations of a surge..

Bitcoin's recent surge to approximately $108,200 has reignited bullish sentiments among traders. This price increase is largely attributed to a liquidity grab, as high-leverage positions were liquidated, prompting analysts to focus on critical levels between $103,000 and $111,000. The formation of a 'bull pennant' suggests a potential breakout towards $165,000, although concerns about low exchange flows complicate the outlook. Currently, only 40,000 BTC are traded daily, indicating a liquidity..

At the recent NATO summit in The Hague, the central topic of discussion was the necessity of increasing defense spending among member countries, driven by the perceived threat from Russia and the broader international security landscape. Dutch Prime Minister and NATO Secretary-General, Mark Rutte, emphasized the importance of committing to the five percent GDP target for defense spending, which includes 3.5 percent for defense and 1.5 percent for defense-related infrastructure. This proposal m..

Tesla's recent launch of its robotaxi service in Austin signifies a pivotal moment in the autonomous vehicle sector. This ambitious venture comes after years of anticipation and positions Tesla alongside established players like Waymo, which has been refining its self-driving technology for over a decade. Initial reactions to the new service have been mixed; while some users appreciated the seamless experience, others expressed concerns about the limited accessibility and the necessity of human..

Federal Reserve Chairman Jerome Powell recently addressed Congress, emphasizing the need for caution regarding interest rate adjustments amid rising inflation and economic uncertainties. Despite calls from President Trump for lower rates, Powell underscored the importance of maintaining price stability to support a robust labor market. Fed officials have expressed varying opinions on potential rate cuts, with some suggesting they may be warranted if inflation remains manageable or labor market..

Jerome Powell, the Chair of the Federal Reserve, has firmly stated that the central bank will not rush to lower interest rates, despite persistent calls for cuts from President Trump. In his testimony before Congress, Powell highlighted the importance of observing the economy's response to rising tariffs before making any adjustments. He emphasized the Fed's cautious approach, pointing out that while the economy is performing well, uncertainties regarding inflation remain. This stance contrasts..

The recent announcement of a ceasefire between Israel and Iran has significantly impacted global markets. Oil prices fell sharply by 4.9%, alleviating fears of supply disruptions and contributing to a rally in stocks worldwide. Major indices, including the S&P 500, posted gains, reflecting investor optimism. This easing of geopolitical tensions could lead to lower inflation pressures, potentially influencing the Federal Reserve’s interest rate decisions. In the cryptocurrency sector, US crypto..

Elon Musk is betting on the success of Tesla's robotaxi service, currently being tested in Austin, Texas. This initiative aims to offer self-driving cabs for a flat fee, with ambitions to expand the fleet significantly. However, skepticism surrounds the feasibility of scaling the service, especially concerning the safety of the Full Self-Driving technology in various conditions. Recent incidents involving erratic driving have drawn the attention of the National Highway Traffic Safety Administr..

Recent developments in the Iran-Israel conflict have significantly impacted global oil markets. The Strait of Hormuz, a vital trade route, remains open for now, as Iran seeks to protect its own oil exports, which are crucial for its economy. Despite facing sanctions, Iran continues to export oil, although economic pressures are mounting, with inflation exceeding 38%. US President Trump's recent approval of China's oil imports from Iran signals a possible shift in American policy. This change may..

Germany's latest budget plan marks a significant shift in its defense and infrastructure policies. Spearheaded by Finance Minister Lars Klingbeil, the budget aims for an unprecedented increase in military spending, targeting 3.5% of the country's GDP by 2029. This move is intended to address long-standing concerns about Germany's underinvestment in defense, especially in light of international pressures and security threats. The plan also includes substantial investments in infrastructure, with..

In recent discussions, Federal Reserve officials, including Chair Jerome Powell and Governor Michelle Bowman, are weighing potential interest rate cuts amid signs of economic uncertainty. Bowman advocates for a reduction if inflation remains close to the target and labor market conditions weaken. Powell, however, emphasizes a cautious approach, citing the economy's solid performance despite external pressures, including tariffs and geopolitical tensions. The Fed seeks a balance between control..

Elon Musk's ambitious vision for Tesla's robotaxi service is unfolding, with a pilot program launching in Austin. Initially, only a handful of self-driving vehicles will operate within a limited area, but Musk aims for rapid expansion, potentially scaling to hundreds of thousands by next year. However, analysts are cautious, questioning the feasibility of such accelerated growth. Meanwhile, Uber and Waymo have introduced their own commercial robotaxi service in Atlanta, allowing users to hail..

Germany's federal cabinet is gearing up to approve a robust draft budget for 2025, introduced by Finance Minister Lars Klingbeil. The budget, marked by a significant increase in expenditure, aims to modernize the nation's infrastructure and enhance defense capabilities. The total planned expenditure is set at 503 billion euros, with a special focus on creating a substantial infrastructure and climate protection fund worth 500 billion euros. Defense spending is a prominent feature of the budget,..

The recent NATO summit in The Hague has set a decisive path for strengthening defense capabilities against perceived threats, particularly from Russia. The alliance agreed to significantly increase defense spending, aiming to reach 5% of GDP by 2035. This ambitious target reflects a shared commitment among member countries to bolster their military infrastructure and readiness. Notably, Germany, which currently spends 2.1% of its GDP on defense, will need to adjust its budget to meet the new e..

Tesla has launched its much-anticipated Robotaxi service in Austin, Texas, marking a significant milestone for the company. The service, which features autonomous and driver-assisted modes, is currently limited to invited guests. While many celebrate this technological advancement, concerns about safety have emerged. Videos have surfaced showing the vehicles struggling to adhere to traffic regulations, prompting the US National Highway Traffic Safety Administration (NHTSA) to investigate. Tesla..

Recent tensions between Iran and Israel have created fluctuations in both oil prices and US stock markets. Despite the conflicts, the S&P 500 and Dow Jones Industrial Average showed relative stability. Initially, oil prices surged by 4% but subsequently fell by 7% after an Iranian missile strike on a US airbase eased fears of market disruption. Analysts assert that while Iran has threatened to close the Strait of Hormuz, such actions could be detrimental to its own economy. The potential impact..

Recent traffic accidents have highlighted the tragic consequences of road negligence. A 27-year-old motorcyclist lost his life in a collision, with authorities confirming that despite swift medical assistance, it was too late to save him. Another incident involved a 33-year-old motorcyclist who suffered severe injuries after a car failed to yield while turning left, resulting in a collision that propelled him twenty meters from the point of impact. In a separate case, a 57-year-old man tragica..

The German federal government anticipates reaching an agreement with the states regarding the financial distribution for the proposed "investment booster" for companies. This initiative aims to stimulate economic growth by providing tax relief to businesses, potentially leading to significant tax revenue losses of approximately 30 billion euros for states and municipalities by 2029. The Chancellor, Friedrich Merz, expressed optimism that the relief measures will be finalized by the Federal Co..