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Las Vegas police in the United States say they are investigating the explosion and fire of a Tesla Cybertruck at the entrance of the Trump Hotel building in Las Vegas. Police have informed the public to avoid the area. According to an official, the driver parked his car in the hotel's valet parking area before the vehicle exploded. The driver is apparently dead and so far, he is the only victim in this incident. Investigators are not yet clear on the cause of the explosion, such as whether somet...
Some analysts said they expect core PCE inflation in May to record its slowest pace of increase so far this year, which is good news for policymakers. Falling gasoline prices and generally falling commodity inflation will restrain economic growth. But this may only provide a temporary respite for the Federal Reserve, as spending categories with sticky inflation continue to put upward pressure on inflation measures, with an adverse base effect expected in the second half of the year. Analysts sai...
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