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This is what you need to know
It is still time to evaluate and see. The Federal Reserve announced that it will continue to maintain constant interest rates because inflation shows the signs of cooling, but it is still above the central bank’s goal.
Jerome alone. President Donald Trump is still disappointed by Federal Reserve Chairman Jerome Powell for not kneeling in his long pressure campaign; “I think he hates me,” Trump said.
The United States has confidence issues. The Social Security Fund for Social Security may soon be exhausted – by 2033 – and leads to reducing benefits and endangering the benefits unless the Congress is taken.
A plane was late. Airlines reduce ticket prices as traveling from Europe to the United States has decreased, and it is another approximate sign of an American travel industry that is already facing billions of dollars.
Raw awakening? As the conflict between Israel and Iran exacerbates, gas prices in the United States rise gradually, but the width of the supply may soon be disrupted.
Blockchain brains. Sam Germany claimed that Mita has provided the best talent of $ 100 million talent or a $ 100 million to the ship jumping to Mark Zuckerberg projects from artificial intelligence.
Expectations: Not great. Microsoft plans to reduce thousands of jobs (most of them in sales) to reduce expenses as the company continues to spend significantly on artificial intelligence investments.
Supply chains of driving
Donald Trump was never shy than describing his “Communist” political competitors, “Marxists”, or – in the Kamal Harris case – “Comrade Kamala”. But in his post, Trump was tightly tightened like Adam Smith and more like a popular costume.
According to the president, the prices are determined. “I am this giant store,” said Time, similar to the American economy with the retail Empire under its control. “I own the store, and set the prices.” This philosophy was more than a metaphor: Trump pressed companies such as Apple and Walmart to not transfer the costs of customs tariffs for consumers, and threatened car manufacturers due to government rescue operations for farmers to rid his commercial wars. It even hangs executive orders to curb the prices of Big Pharma – a step that may make Bernie Sanders blush.
But Piece de Research? Last week, Trump revealed a permanent “golden share” in the United States as part of its sale to Nippon Steel in Japan. This unprecedented step gives TROMP Veto to the main work decisions – the amount of steel that is produced, whether the jobs remain in the United States, and more – long after the closure of the deal. “We have a golden stock … which I control,”
This level of government control over the company’s private production, employment, and future is rare in the United States-and is not usually defended by a self-described capital crusader. “This is in a very complex way, it secures the American steel,” said Douglas Holtz-Eitkin of the American Labor Forum. “This is very similar to that Perunista is from Argentina.”
Trump’s economic doctrine is not a socialist as Carl Marx imagined, but it is a brand for economic intervention more common in places like China and Brazil, where governments retain “golden stocks” in the strategic sectors. While traditional socialism focuses on redistributing wealth to the bottom, Trump’s policies – from customs tariffs to tax cuts – seem to have an opposite effect. Joseph Zipalos Regalz of Quartz has more than Trump’s invisible hand-now with more accurate encouragement.
Be rich or buy an attempt
Congratulations to the 2024 category: More than 1,000 Americans have become millions of people every day last year, according to the Wost Global Wealth report that was just released. Supported to the standard stock market, tide and growing islands of asset prices, global wealth increased by 4.6 % in general-but North America did heavy lifting.
The United States alone witnessed a 11 % profit in the family’s wealth, supported by a 25 % jump in the S&P and the Nasdak crowd, which placed 2021 in shame.
The fastest growing? “Millions of Daily”, or Emilis – Apus Reducing for People with $ 1 – 5 million dollars. There are now 52 million of them worldwide, an increase of four times since 2000 and carrying 107 trillion collective dollars. This is approximately from the entire rich club (those who number more than $ 5 million), who hold $ 119 trillion.
The billionaire club has even gained a bit, as UBS was just less than 3000 worldwide. But the real money movement is coming. It has already began “transferring great wealth”-approximately $ 83 trillion of assets that are expected to change over the next two decades-and the dynamics of financial energy will be possible in a big way. Early winner: Women, who inherit more rates due to the longevity and double inheritance (of couples and fathers).
It is another reminder that the income is not equal to wealth. In fact, many countries with an amazing high -high salary occupy the wealth, thanks to the accumulation of limited assets. The report indicates that the construction of wealth is no less than a salary and more about what you inherit-or the extent of your purchase in the early Apple. Catherine Bab from Quartz has more on the rich rich – and a little more common.
More quartz
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⏱ Trump has expanded the deadline for the sale of American Tiktok works – again
⚡ Texas Instruments will invest $ 60 billion in the local chips industry
🚗 Amazon’s Robotaxi competitor, Zoox, has taken a big step forward
⁉ Workers are not happy with the proposal of Andy Jassi that artificial intelligence is coming for jobs
🎮 Nintendo Switch 2 reinforced the maximum of the company’s market by $ 39 billion
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2025-06-18 21:50:00
