Economy

Fed vs inflation
Trump: Warsh can do whatever he wants – but should lower

The new US central bank chairman Kevin Warsh is being pressured by Donald Trump not to raise interest rates during next week's interest rate meeting.

In an interview with NBC News' "Meet the Press", the president says that raising interest rates would be "the wrong thing to do" and that the central bank should instead lower interest rates. At the same time, Trump says that Warsh can "do whatever he wants".

- I have great respect for Kevin, but my view is that when a country is doing well, it should not be punished by immediately raising interest rates, says Trump.

An unexpectedly strong jobs report on Friday turned down market expectations for an interest rate cut. Instead, there could be an interest rate increase to counteract inflationary pressure.

Space X IPO
Analysis: Space X too expensive but it won't stop anyone

Elon Musk's space company SpaceX is valued at a staggering $1.8 trillion ahead of its IPO on Friday. That's too high, writes Al Root in an analysis at Barron's.

SpaceX is certainly the world's leading space company, but not only that. It is also the world's most highly valued company that is making a loss, writes Root, referring to the company's AI division, which has fallen by many billions.

Root believes that a reasonable valuation should rather be around $1 trillion.

"None of this is likely to deter investors from SpaceX, however. Private savers love Musk's company," he writes.

In Dagens Industri, Emanuel Sidea warns of eight clouds of concern when SpaceX goes public. Among other things, he notes in an analysis that many people think the company is difficult to assess.

Apple conference WWDC
Expert: Apple's AI effort a "crucial catalyst"

Apple's developer conference WWDC could be an important test for the company's AI effort and give new momentum to the stock. Analysts tell Bloomberg.

During the conference, the company is expected to present an update to the digital assistant Siri, along with other AI features, the news agency notes.

- I have become more convinced that Apple can deliver in AI, but we need to see the company actually execute on the plans, says Harding Loevner tech analyst Kyle Levins.

Morgan Stanley analyst Erik Woodring believes that the conference is a crucial catalyst in establishing Apple as an "AI winner." A clear AI strategy can drive iPhone upgrades and strengthen revenue from the services business, he believes.

The future of defense
Multi-billion dollar investment in European fighter jet scrapped

The so-called FCAS program to develop a joint European fighter jet has been put on hold, reports TT.

According to the German government, the country's Chancellor Friedrich Merz and French President Emmanuel Macron have agreed to scrap the multi-billion dollar investment.

The background is said to be a "long-standing and insurmountable disagreement" between the companies participating in the project. Among other things, the French Dassault and Airbus, which represent Germany and Spain, are said to have different views on how to take the project forward, the news agency writes.