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Neel Kashkari, president of the Minneapolis Fed, said the Fed had a responsibility to ensure that tariffs did not cause a persistent inflation problem, echoing recent comments by Fed chairperson Jerome Powell. "We're just not sure right now whether this is a one-time effect or a long-term effect on inflation," Mr. Kashkari said at a US Chamber of Commerce event in Washington on Tuesday. "Our job at the Fed is to make sure this is not a longer-term effect."
President Trump said that in the last year of Biden's term, we lost $5 billion a day, and what they did on trade was a disaster. And now, that number is much lower because we got 25% tariffs from the auto industry, 25% tariffs from the steel and aluminum industries, and the base tariff is 10%. We lost almost $2 trillion on trade. But those days are over, and we won't let them happen again. We won't allow that to happen again.
Tesla holds nearly $1 billion in bitcoin. The Financial Accounting Standards Board now requires digital assets to be marked to market every quarter. Tesla Quarter 1 revenue was $19.34 billion, missing analysts' expectations, which had expected revenue of $21.37 billion.
As of March 31, Tesla's digital asset holdings were worth $951 million, down from $1.076 billion on December 30 last year, a change due to the falling price of bitcoin. Tesla currently holds 11,509 bitcoins on its balance sheet.
US President Donald Trump said at the swearing-in ceremony of Securities and Exchange Commission Chairperson Atkins on Tuesday that he had no intention of firing Federal Reserve Chairperson Jerome Powell, despite being disappointed that the central bank did not cut interest rates more quickly. "Never," Mr. Trump told reporters. "The press always messes things up. I'm not going to fire him. I'd like to see him be more positive about the idea of lowering interest rates....
EM, Tesla CEO: Expect a significant reduction in the time invested in the Ministry of Government Efficiency in May. The work of the Ministry of Government Efficiency is "basically completed".
Tesla CEO Elon Musk said on Tesla's (TSLA. O) earnings call that he will continue to advocate for lower tariffs, but the decision on tariffs is entirely up to U.S. President Donald Trump. Musk said, "I will provide my advice to the president, and the president will listen to me, but ultimately it is up to him to make the decision. I have said publicly many times that I think lower tariffs are generally good for prosperity, but that decision is ultimately up to the president-elect who represents ...
The market shows that BTC broke through $93,500 and is now reported at $93,525.08, with a 24-hour increase of 7.12%. The market fluctuates greatly. Please do a good job in risk control.