Economy

Fed vs. inflation
Trump presses Powell – shows what the interest rate “should” be

Donald Trump continues to put serious pressure on Jerome Powell. At a press conference on Monday, White House press secretary Karoline Leavitt held up what was claimed to be a letter to the Fed chief, according to Axios.

The letter listed a number of countries' key interest rates along with messages such as "you have cost the US a fortune" and "you should lower the interest rate significantly!"

Trump has also published the letter on Truth Social, and claims that the US key interest rate should be around 1 percent and not in the range of 4.25-4.5 as now. It is marked with an arrow on the list and the words: "should be here".

Tesla's future
Tesla's results: Has surged nearly 30,000 percent since its debut

Tesla, led by CEO Elon Musk, has had a crazy stock market result since its listing fifteen years ago, writes CNBC.

The stock has risen by nearly 30,000 percent since its IPO, meaning that an investment of $10,000 at the time would be worth almost $3 million today. The equivalent investment in the broad S&P500 index had grown to $57,000, the news agency notes.

However, sales have been sluggish in the past year and the stock, which is down 20 percent, has lagged far behind the index. Analysts have warned, among other things, about whether the company's investment in self-driving taxis and humanoid robots will last:

“Unless Tesla can come up with a whole new series of products that really appeal to consumers […] they will be seen as past their peak and starting to lose value,” said Brand Finance CEO David Haigh earlier this year.