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Can Trump Force Blue Cities to Cooperate With ICE? The New York TimesJudge rejects bid to end Trump administration's immigration-enforcement surge in Minnesota PoliticoJudge denies Minnesota's request to end ICE surge in Minneapolis The GuardianFederal judge denies Minnesota's request to temporarily halt Operation Metro Surge CBS News
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Trump family crypto firm sold major stake to UAE investment firm The Washington PostU.A.E. Firm Quietly Took Stake in the Trump Family's Crypto Company The New York Times‘Spy Sheikh' Bought Secret Stake in Trump Company The Wall Street JournalUnited Arab Emirates' 'Spy Sheikh' bought secret stake in Trump crypto company: WSJ CNBC
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 Topic: RobocarsTags: forbes
Tesla has pushed a bold and risky strategy to do it with less hardware. Has this been an effort to force the team to make the harder path work?
Read more at Forbes.com in To Build FSD, Is Elon Musk Being Cort s And Burning His Ships?
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
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Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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