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Share link:In this post: Tesla’s sales, profits, and stock have dropped, with analysts citing weak demand and rising competition from China. Musk remains optimistic, touting future robotaxi services and Tesla’s AI as superior. Tesla faces growing pressure from rivals like Waymo, which is expanding faster and already generating revenue from autonomous ride services.
Share link:In this post: Trump now holds a golden share in U.S. Steel, giving him direct veto power over company decisions. The Pentagon bought a $400 million stake in MP Materials, marking its first equity move in mining. Trump proposed taking a 50% stake in TikTok and may expand investments in strategic industries.
Share link:In this post: The U.S. has set a 15% minimum tariff on imports, and higher rates will follow if trade deals aren’t made. Companies warn of cost hikes, with some already raising prices or suing. Economists predict rising prices on goods like clothing, electronics, and shoes.
Quick Take This is an excerpt from the 31st edition of The Funding sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
- 09:26USDC Treasury burns 60 million USDC on the Ethereum blockchainAccording to Jinse Finance, Whale Alert monitoring shows that at 16:15:23 (UTC+8), USDC Treasury burned 60,000,000 USDC on the Ethereum chain.
- 09:26USDC Treasury burns 60,000,000 USDC tokensAccording to ChainCatcher, Whale Alert has monitored that the USDC Treasury has burned 60,000,000 USDC tokens, worth approximately $59.989 million.
- 09:26Analyst: The threshold for the Federal Reserve to cut rates by 50 basis points next week is high; a large rate cut would do more harm than good.Jinse Finance reported that Kieran Williams, Head of Asia FX at InTouch Capital Markets, stated: "The threshold for a 50 basis point rate cut is very high, and it may require a significant downside surprise in core inflation to give doves enough confidence. Considering the stickiness of service prices and the Federal Reserve's tendency to signal gradual moves, a sharp rate cut next week seems unlikely, but the data will influence how aggressively the market prices in the easing path by year-end." Matt Simpson, Senior Market Analyst at City Index, also commented: "I believe that, at present, a 50 basis point rate cut would do more harm than good to market confidence. In addition, the Federal Reserve may want to save face and not fully yield to Trump's wishes." Simpson pointed out, "Market pricing currently reflects expectations of three rate cuts over the next three meetings. The Federal Reserve is in a good position to align with these expectations, or to increase the probability of rate cuts in 2026—without being forced to cut by 50 basis points next week."