POWELL HIT WITH CRIMINAL REFERRAL BY HOUSE GOP TRUMP ALLY - FOXNEWS
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REP. LUNA REFERS FED CHAIR POWELL FOR CRIMINAL CHARGES OVER PERJURY CLAIMS
Rep. Anna Paulina Luna (R-Fla.) has referred Fed Chair Jerome Powell to the DOJ, accusing him of lying under oath about renovations at the Fed’s Eccles Building. Luna alleges Powell falsely downplayed the project’s $600 million cost increase and denied luxury features like a VIP dining room and rooftop garden. Powell denies the claims and has launched a probe into the renovation costs. Perjury carries up to five years in prison. Trump allies have pushed for Powell’s removal, but Trump has said it’s “highly unlikely” he would fire him before his term ends in 2026.
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Rep. Anna Paulina Luna (R-Fla.) has referred Fed Chair Jerome Powell to the DOJ, accusing him of lying under oath about renovations at the Fed’s Eccles Building. Luna alleges Powell falsely downplayed the project’s $600 million cost increase and denied luxury features like a VIP dining room and rooftop garden. Powell denies the claims and has launched a probe into the renovation costs. Perjury carries up to five years in prison. Trump allies have pushed for Powell’s removal, but Trump has said it’s “highly unlikely” he would fire him before his term ends in 2026.
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NETHERLANDS WILL MAKE 'SUBSTANTIAL CONTRIBUTION' TO DELIVERY OF PATRIOTS TO UKRAINE - DUTCH NEWSPAPER DE TELEGRAAF
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IRANIAN FOREIGN MINISTER: WE CANNOT GIVE UP OF ENRICHMENT - FOX NEWS
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*MICROSTRATEGY INC - PROCEEDS FROM IPO TO BE USED FOR GENERAL CORPORATE PURPOSES, INCLUDING BITCOIN ACQUISITION
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OPENAI PLANS TO OPEN UP ITS FIRST OFFICE IN WASHINGTON, DC - SEMAFOR
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YOUTUBE WIPES OUT THOUSANDS OF PROPAGANDA CHANNELS LINKED TO CHINA, RUSSIA, OTHERS - CNBC
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ASTRAZENECA TO INVEST $50 BILLION IN UNITED STATES TO EXPAND MANUFACTURING, RESEARCH
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IRAN IS OPEN TO TALKS WITH THE U.S. BUT NOT DIRECT FOR THE TIME BEING, FOREIGN MINISTER TELLS FOX NEWS
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U.S. TREASURY'S BESSENT SAYS FED SHOULD CONDUCT AN EXHAUSTIVE INTERNAL REVIEW OF NON-MONETARY POLICY OPERATIONS
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SPACEX TRANSFERS $152M IN BTC FOR FIRST TIME IN 3 YEARS: ARKHAM
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DEUTSCHE BANK: AMERICANS, NOT FOREIGNERS, PAY TRUMP’S TARIFFS
Despite over $100B in tariff revenue this year, Deutsche Bank says U.S. importers — not foreign exporters — are absorbing the costs.
Their research shows import prices for manufactured goods dropped only slightly in Q2: down just 1% for China despite tariffs rising over 30%. Bigger drops were seen from Canada and the UK, but overall reductions were mild.
This means U.S. companies are eating the costs through smaller profit margins instead of passing them to consumers — keeping consumer prices stable for now.
Key takeaways:
1 - Foreign exporters aren’t feeling much pain yet, giving them leverage in trade talks.
2 - Pressure on U.S. consumer prices may build.
3 - The U.S. bears most costs, which could weigh on the dollar.
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Despite over $100B in tariff revenue this year, Deutsche Bank says U.S. importers — not foreign exporters — are absorbing the costs.
Their research shows import prices for manufactured goods dropped only slightly in Q2: down just 1% for China despite tariffs rising over 30%. Bigger drops were seen from Canada and the UK, but overall reductions were mild.
This means U.S. companies are eating the costs through smaller profit margins instead of passing them to consumers — keeping consumer prices stable for now.
Key takeaways:
1 - Foreign exporters aren’t feeling much pain yet, giving them leverage in trade talks.
2 - Pressure on U.S. consumer prices may build.
3 - The U.S. bears most costs, which could weigh on the dollar.
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$KO - *COCA-COLA TO LAUNCH US CANE SUGAR OFFERING THIS FALL
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COCA-COLA TO LAUNCH U.S. CANE SUGAR SODA THIS FALL
Coca-Cola will launch a U.S. cane sugar version this fall to expand its product range and give consumers more choice.
The company saw strong consumer engagement from its global “Share a Coke” relaunch, using personalized bottles in over 120 countries, boosting single-serve sales and Coca-Cola Zero Sugar’s double-digit growth.
In North America, the “This is My Taste” campaign helped Diet Coke achieve its fourth consecutive quarter of volume growth by attracting a new generation of consumers.
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Coca-Cola will launch a U.S. cane sugar version this fall to expand its product range and give consumers more choice.
The company saw strong consumer engagement from its global “Share a Coke” relaunch, using personalized bottles in over 120 countries, boosting single-serve sales and Coca-Cola Zero Sugar’s double-digit growth.
In North America, the “This is My Taste” campaign helped Diet Coke achieve its fourth consecutive quarter of volume growth by attracting a new generation of consumers.
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$TSLA - JPMORGAN TESTS TESLA ROBOTAXI IN AUSTIN
JPMorgan tested Tesla's robotaxi in Austin for a full day and called it “solid” and “safe.” The firm says future success will depend on traffic and safety data and believes robotaxis could increase pricing power for new car sales.
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JPMorgan tested Tesla's robotaxi in Austin for a full day and called it “solid” and “safe.” The firm says future success will depend on traffic and safety data and believes robotaxis could increase pricing power for new car sales.
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$TSLA - WEDBUSH REITERATES OUTPERFORM ON TESLA, $500 TARGET
Wedbush’s Dan Ives keeps an Outperform rating and $500 target on Tesla ahead of earnings, noting the setup is “dramatically different” from last quarter. Musk is now laser-focused on robotaxi expansion and AI initiatives, with potential investment in xAI requiring a shareholder vote later this year.
Wedbush sees Tesla as a future leader in AI and robotics, with autonomous driving alone worth $1 trillion to its story. While near-term numbers may be weak, investor focus is on Tesla’s AI-driven future under a re-energized Musk.
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Wedbush’s Dan Ives keeps an Outperform rating and $500 target on Tesla ahead of earnings, noting the setup is “dramatically different” from last quarter. Musk is now laser-focused on robotaxi expansion and AI initiatives, with potential investment in xAI requiring a shareholder vote later this year.
Wedbush sees Tesla as a future leader in AI and robotics, with autonomous driving alone worth $1 trillion to its story. While near-term numbers may be weak, investor focus is on Tesla’s AI-driven future under a re-energized Musk.
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$GOOGL - GOOGLE SAYS AT LEAST SOME OF MICROSOFT SERVER HACKS CARRIED OUT BY 'CHINA-NEXUS THREAT ACTOR'
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BESSENT: TARIFFS ARE BRINGING MANUFACTURING BACK TO US
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BESSENT: TRUMP MANDATED GET PERMITS FOR FACTORIES DONE IN 1 MTH
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