Trump reiterates call for Fed to cut rates
"I think he has to," Trump, speaking alongside British Prime Minister Keir Starmer following their meeting in Scotland, said of Federal Reserve Chair Jerome Powell on benchmark rates.
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Daily Mail
2 minutes ago
- Daily Mail
Elon Musk staged secret $15M plot to desperately win back Trump after falling out
Elon Musk attempted a peace offering with Donald Trump after the ex-'First Buddy' split from the White House, giving $15million to Trump and Republican causes. The donations were made after the former DOGE chairman's ugly feud with Trump upon his departure, but before Musk announced plans to launch the independent 'America Party.' Musk gave $5million to three different super PACs supporting both the president and his party. According to Federal Election Commission filings, he gave to MAGA Inc., the Senate Leadership Fund and the Congressional Leadership Fund on June 27. Just eight day later, Musk launched the 'America Party,' which he said was formed 'to give you back your freedom.' Musk has donated $45 million in 2025 to his own America PAC which was largely spent on an unsuccessful Wisconsin Supreme Court election. The Daily Mail has reached out to the White House for comment. Musk announced the foundation of the America Party on his X social media platform just after Independence Day. It came after Musk created an online poll on July 4 asking his followers whether to establish the new party. The results came back 65.4 percent in favor, leading Musk to make the announcement. 'By a factor of 2 to 1, you want a new political party and you shall have it!' Musk wrote. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. 'Today, the America Party is formed to give you back your freedom.' Musk had been elevated to a prestigious role within the White House acting as a special advisor to the president and overseeing the Department of Government Efficiency. But in recent months a rift has emerged and the two former friends have been embroiled in embarrassing public spats played out over social media. Many had predicted that Trump and Musk's rosy bromance wouldn't last long and some pointed to betting markets on when they would turn on each other. Betters heavily favored a fallout before July 1, 2025, less than six months after Musk joined Trump's administration as a special advisor. In just a matter of months Musk went from spending $288 million for Trump's election campaign, to slinging insults about him online, including suggesting Trump was in The Epstein files. The bust up occurred after Musk stepped down from DOGE over Trump's 'Big Beautiful Bill' which ends tax breaks for electric vehicles, which are Tesla CEO Musk's passion project. Musk also argued that the bill undercut DOGE's cost-cutting efforts by increasing the deficit. The rift deepened after the president rescinded his nomination offer to Musk-ally Jared Isaacman for NASA administrator over donations he made to the Democrats. Since then Trump and Musk have engaged in public mudslinging against each other. Musk accused the president of ingratitude and claimed he would have lost the election without him, while Trump branded him 'crazy '. Since their public break-up, Musk has threatened to start a new, third political party and buttress the reelection campaign of Republican Rep. Thomas Massie, one of the no votes on Trump's big bill. Trump recently outed himself as the person who leaked details about Musk's alleged drug use, according to author Michael Wolff, who penned the eye-popping book Fire and Fury: Inside the Trump White House. The New York Times reported that during the 2024 presidential campaign, the billionaire used so much ketamine he was having bladder problems and also used Ecstasy, psychedelic mushrooms and what appeared to be Adderall.
Auto Blog
5 minutes ago
- Auto Blog
New Car Shoppers Are Sacrificing These Features to Save Money
This one's for those who want to know the nitty-gritty of what makes the 2026 Cadillac Lyriq-V worth the extra $12k-$20k. Most buyers will sacrifice more than you might expect Automakers continue to add flashy and expensive features to their new vehicles. The expectation is that panoramic glass roofs, reconfigurable digital gauge clusters, or head-up displays are in high demand among consumers. However, AutoPacific's 'Future Attribute Demand Study,' which surveyed more than 14,000 current new vehicle buyers about their interest in more than 160 options, suggests that actual demand for flashy features is quite low, particularly among those shopping in the $25,000-$35,000 segment. For these buyers, simplicity reigns supreme, and the allure of the latest technology doesn't attract them if it affects their monthly payment. 2025 Nissan Altima — Source: Steven Paul 'Front wheel drive, base stereos, cloth seats with various manual adjustment, and analog gauges are in for these more frugal shoppers,' says Robby DeGraff, AutoPacific's manager of product and consumer insights. 'So, the array of standard equipment found on entry- and mid-level trims of today's popular vehicles within the $25,000-to-$35,000 price range may need to be reexamined as consumers tighten their belts in the face of economic uncertainty.' What some, but not all, buyers want The commonly-found features that matter most to those in the under-$35,000 segment are wireless Apple CarPlay and Android Auto, selectable drive modes, a heated steering wheel, and a power front passenger seat. Yet these are must-haves among a mere 26% of buyers in this segment. That's a little more than one-in-four buyers, not exactly overwhelming demand. Other features fare even worse. Consider all-wheel drive, which is demanded by 24% of buyers, a memory driver's seat by 23% or welcome lighting at 22%. Then there's a reconfigurable digital gauge cluster at 21%, a panoramic glass roof at 20%, a head-up display and premium audio at 15%, and leather upholstery at 11% – or slightly more than one-in–ten. 2025 Toyota Camry XSE — Source: Toyota If you think such items are more important to buyers with fatter wallets, guess again. The numbers are not significantly higher, although their priorities differ. According to the AutoPacific study, the feature most desired by wealthier buyers is selectable drive modes, which are demanded by 33% of buyers, or just one in three. Wireless Apple CarPlay and Android Auto, a power front passenger seat, heated steering wheel, and a premium audio system tie at 31%, followed by all-wheel drive at 29%, and welcome lighting at 28%. A memory driver's seat, reconfigurable digital gauge cluster, and a panoramic glass roof come next at 27% each, followed by a head-up display at 23%, premium audio at 21%, and leather upholstery at 18%. 2026 Cadillac LYRIQ-V — Source: Cadillac What do $25k-$35k vehicle buyers want? According to AutoPacific, buyers in the $ 25,000-$35,000 range are more open to sedans powered by a conventional internal combustion engine, around 20% want their next vehicle to be a hybrid, and only 5% want it to be a battery-electric vehicle. Keep in mind that these buyers are trading in vehicles that are more than 11 years old, with about a third considering a new vehicle for the first time. Given that, it's a little surprise that they prefer an instrument panel with an analog gauge cluster and conventional controls, alongside a modest center touchscreen without embedded navigation. 2024 Mazda CX-90 — Source: Mazda Yet they still want wireless smartphone charging pads, heated/ventilated front seats, a 110-volt outlet, driver profile settings, and active safety features. With a median household income of $50,000, these buyers are suburban, drive less than 20 miles daily, and have no children living at home. Approximately 31% are Millennials, 29% are Baby Boomers, and 57% are female. Ford Mustang Mach-E — Source: Ford Final thoughts New vehicle prices are rising far faster than the rate of inflation, as automakers continue to ignore new vehicle affordability. Consider that the average new car price in June 2025 was $48,907 according to Cox Automotive. Eleven years earlier, it was $32,556, an increase of more than 50% at a time when inflation rose 35%, according to the Federal Reserve. AutoPacific's 'Future Attribute Demand Study' shows that entry-level buyers are being ignored by an industry too infatuated with pleasing its most profitable customers at the expense of the rest. Source: Adobe Stock Photo 'It's good for models in that price range to offer some fancier, lower-demand features, but those should be optional and limited to higher trim levels, which can also serve to capture customers of bigger and nicely-equipped models who may be downsizing into more affordable segments as they tighten their belts,' says Ed Kim, AutoPacific's president and chief analyst. About the Author Larry Printz View Profile
The Guardian
22 minutes ago
- The Guardian
Gavin Newsom may call special election to redraw California congressional maps
California's governor, Gavin Newsom, may call a special election in November to begin the process of redrawing the state's congressional maps in response to Texas's plans to change its own maps to help Republicans keep their majority in the House of Representatives. Donald Trump is pushing Texas and other Republican-dominated states to carry out mid-decade redistricting that will favor the GOP and potentially stop Democrats from retaking control of the House in next year's midterm elections. Governors in Democratic-led states have responded by warning they will move to redo their own maps if Texas goes ahead with its plans, which could create an additional five Republican-leaning districts. California is viewed as the best opportunity for Democrats to pick up seats through gerrymandering, but voters will first have to approve changes to an independent redistricting commission that was given the power to draw congressional districts in 2010. Speaking at a Thursday press conference, Newsom said 'a special election would be called, likely to be the first week of November' to approve the changes. 'We will go to the people of this state in a transparent way and ask them to consider the new circumstances, to consider these new realities,' the governor added. The party out of power typically regains control of the House in a president's first midterm election, as the Republicans did under Joe Biden in 2022 and Barack Obama in 2010, and Democrats did during Trump's first term in 2018. Newsom argued that another two years of unified Republican control of Congress would be especially harmful for California, noting that Los Angeles residents were still waiting for lawmakers to approve aid from the wildfires that ravaged the region earlier this year. 'They're doing a midterm rejection of objectivity and independence, an act that we could criticize from the sideline, or an act that we can respond to in kind – fight fire with fire,' Newsom said. While Republicans could gain the most seats by redrawing Texas's maps, Ohio, another red state, must also redraw its maps before next year's election, and there's talk of redistricting to the GOP's advantage in Missouri and Indiana. Democrats are seen as having a more difficult path to improving their odds of winning the House majority through redistricting, often due to their states' embrace of independent commissions intended to draw fair congressional amps. Voters created the California citizens redistricting commission in 2008 to draw its legislative maps, and in 2010 expanded its powers to congressional districts. Newsom said, 'We're not here to eliminate the commission,' but rather to respond to what he described as 'the rigging of the system by the president of the United States. 'And it won't just happen in Texas. I imagine he's making similar calls all across this country. It's a big deal. I don't think it gets much bigger,' Newsom said.
