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Trump’s Intel stake raises economic concerns ahead
Trump’s 10% Intel stake raises concerns as economist warns of impending economic challenges ahead due to political pressures
Trump’s 10% Intel stake raises concerns as economist warns of impending economic challenges ahead due to political pressures
– Economist Mohamed El-Erian warns of tough months ahead for the US due to Trump’s Intel investment and Fed pressure.
– He stresses the need for Fed independence amid economic uncertainty and potential implications for tech opportunities.
He acknowledged the government’s investment while underlining the importance of not allowing control over Intel’s management.
The arrangement converts federal grants under the CHIPS Act into equity, granting shares at a 17.5% discount to the market price.
Fed Independence
El-Erian expressed concern over threats to Federal Reserve independence, particularly Trump’s calls for Governor Lisa Cook’s resignation.
Political pressure on Fed Chair Jerome Powell remains a pressing issue, exacerbated by looming economic uncertainties. Markets are reacting to potential rate cuts signalled by Powell, who continues to face unprecedented pressures.
News
King Charles hails UK-US partnership at state banquet
King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS
King Charles celebrates UK-US partnership at Windsor Castle banquet, highlighting peace and trade progress under Trump. #KingCharles #Trump #UKUS
At Windsor Castle, King Charles opened the state banquet with a speech celebrating the enduring partnership between the UK and the US.
He praised shared commitments to peace, the environment and trade, noting progress under President Trump’s administration.
#KingCharles #Trump #StateBanquet #UKUS #TickerNews
News
Disney cancels Jimmy Kimmel’s show after controversy
Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death
Disney suspends Jimmy Kimmel’s show after FCC chair criticises comments on Charlie Kirk’s death
– Disney has indefinitely removed Jimmy Kimmel’s show after FCC Chairman Brendan Carr’s criticism of his comments.
– ABC station owners plan to drop the show due to offensive remarks made regarding political reactions to Charlie Kirk’s death.
Kimmel, known for his criticism of former President Trump, made controversial statements about political reactions to the death of Charlie Kirk during his Monday night show.
He expressed concerns that some were attempting to exploit Kirk’s death for political gain, specifically mentioning Vice President JD Vance and others associated with the ‘MAGA’ movement.
Remarks Controversy
Nexstar’s president, Andrew Alford, commented that Kimmel’s statements were “offensive and insensitive” and do not represent the views of their communities amid current national discussions.
News
Fed cuts interest rates by a quarter-point
Federal Reserve cuts interest rates, signaling potential future reductions amid concerns over slower employment growth. #FederalReserve #Economy #Jobs
Federal Reserve cuts interest rates, signalling potential future reductions amid concerns over slower employment growth.
he Federal Reserve has lowered interest rates by a quarter-point, signalling possible further cuts ahead.
Officials pointed to concerns over slower employment growth, marking a shift from their usual confidence in the labour market.
#FederalReserve #InterestRates #Economy #Jobs #TickerNews
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