Economy

Fed vs. inflation
Few arguments for a cut in the US: "Right track"

Donald Trump has been calling for lower interest rates for several years and his candidate Kevin Warsh will soon take over the Federal Reserve. The problem is that the arguments for a cut, which stimulates the economy, are becoming fewer and fewer. This is reported by CNBC.

On Friday, for example, the latest jobs report showed that the labor market is clearly stronger than expected. 115,000 new jobs were created in April.

- The Fed will shift focus to limiting upward inflation risks now that the labor market appears to be back on track, says Lindsay Rosner at the major bank Goldman Sachs to the channel.

Trump's USA  Trump's business
Trump's media company fell 3.7 billion after the crypto crash

The Trump family's media company reports a net loss of 406 million dollars in the first quarter, equivalent to just over 3.7 billion kronor. The development was driven primarily by unrealized losses in the company's cryptocurrency assets, notes Bloomberg.

Trump Media & Technology, which operates the social media platform Truth Social, reports a positive operating cash flow of $17.9 million and financial assets of $2.1 billion.

The company owns just over 9,500 bitcoins that it bought in July last year at an average price of $108,519. At the end of the quarter, the price was around $66,000, but has since risen to just over $80,000 on Sunday.

The Middle East crisis  Economic effects
Demand for cheap electric cars is surging – the war is an explanation

Rising fuel prices have led to increased demand for cheap electric cars in Europe, writes Bloomberg. On the German site Mobile, the number of inquiries for electric cars for under 30,000 euros was almost 90 percent higher in March this year than last year.

“What the war in Iran does is create a focus on purchasing power and affordability, because there is high inflation and uncertainty in the world,” says the company’s CEO Ajay Bhatia.