Ukraine Bonds Rally as Trump Pressures Russia for Quick Truce
The sovereign's dollar-denominated bonds maturing in 2035 and 2036 rose nearly 1.5 cents. Ukraine accounted for six out of the eight best-performing bonds in emerging markets on Monday.
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Yahoo
22 minutes ago
- Yahoo
Trump's ‘Buy 3, Not 30' Comment Is Actually Smart Budgeting Advice — Here's Why
In May of this year, as President Donald Trump was rolling out his controversial tariff policies against America's trade partners, he received a great deal of criticism from economists and consumers alike over fears his tariffs would drastically increase prices of goods (especially those imported from China). Critics of Trump's trade policy even noted that children's toys and dolls would increase in price. The president's response was, to put it fairly, typically blunt. Check Out: For You: 'I don't think that a beautiful baby girl needs — that's 11 years old — needs to have 30 dolls,' Trump declared on the May 4 episode of NBC's Meet the Press, noting that if dolls become more expensive, simply buy less dolls. 'I think they can have three dolls or four dolls because what we were doing with China was just unbelievable. We had a trade deficit of hundreds of billions of dollars with China…I'm just saying they don't need to have 30 dolls. They can have three. They don't need to have 250 pencils. They can have five.' While there is an irony to a billionaire — one famous for his lavish wealth and a penchant for 24-carat gold decor — suggesting working-class Americans should refrain from buying multiple toys for their children, and should instead purchase such things in moderation, there is a sound objective truth to Trump's statement. Americans Spend Nearly $6,000 on Children's Toys Over a Lifetime Per The Guardian, the average American family spends $600 yearly on toys; that's approximately $6,000 over the course of a decade of childhood. That's $6,000 not being spent on medical care, college savings or family bills. That's a staggering amount of money for toys, and likely far too many for a child to focus upon and totally enjoy. That isn't a political stance, either — whether one loves or hates President Trump, the assertion that a child can enjoy three dolls rather than 30 is not only likely true, it's sound financial advice. I Asked ChatGPT To Explain TRUMP Crypto to Me Like I'm 12: As self-made millionaire and CEO of Crush Your Money Goals Bernadette Joy wrote for CNBC, when she was previously $300,000 in debt, her problem was not that she didn't make enough money — it was that she overspent on things that were not needed. She specifically called out children's toys as one of the six things she spent far too much on. 'I've seen parents spend hundreds, sometimes thousands, on toys that their kids lose interest in within weeks,' she noted. 'Less is more. Rotate toys instead of buying new ones, and prioritize experiences over stuff.' While, yes, Trump is a deeply divisive figure, and his advice for moderation with regards to spending should be taken with a grain of salt, his advice in this case actually does align with the recommendations of money experts such as Joy. Further, at a time when inflation is high, and America's economic stability is uncertain, spending in moderation is always good advice. More From GOBankingRates Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on Trump's 'Buy 3, Not 30' Comment Is Actually Smart Budgeting Advice — Here's Why
Yahoo
22 minutes ago
- Yahoo
Lamborghini Temerario test drive: $380K hybrid supercar delivers mind-boggling performance
Lamborghini's (VWAGY) latest creation, the Temerario supercar, has some big shoes to fill. Let me rephrase that — the 900hp, all-wheel drive, plug-in hybrid Temerario with a 10,000 RPM turbo V8 has some big shoes to fill. Che cosa? That's because it's replacing the much-loved Huracán: the outgoing serpent-like, alien-looking creation equipped with a sublime, yet ferocious when needed, naturally aspirated V-10 engine. The Huracán was amazing. But times are changing. Around a year ago at Monterey Car Week, Lamborghini unveiled the Temerario, which loosely translates to 'reckless' in Italian. The long-in-the-tooth Huracán — which, believe it or not, is over 10 years old and shared some underpinnings with sister brand Audi's R8 — needed a refresh. Lamborghini also sold 30,000 units of the $250K+ Huracán, its best-selling car ever. In other words, it couldn't mess this up. And with changing rules like emissions and electrified propulsion needed in certain European locales, hybrid power was needed. Lamborghini knew it had to convince buyers this wasn't a 'green' thing — it's about performance. It did this convincingly with the Revuelto, its range-topping supercar that combines a V12 with a hybrid system, using electric motors more for performance than range. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Lamborghini's CEO Stephan Winkelmann notes the car is completely new from top to bottom, including, of course, the new powertrain. It has to be exciting, he says, but also livable. Lamborghini seems to have threaded that needle, at least for now: The car is sold out through its first year of production, he said, which is a nice start for the brand. The drive I took the Temerario on the track for a few sessions to put the car through its performance envelope. Styling-wise, it's a sleek, attractive car that fits the mold of what regular people envision when they think of a supercar. It's wide, low-slung, and angular. Not as extreme as the Huracán, but sexy in its own right. The rear is more interesting, with its fully exposed V-8 engine out back and fenders with wide cut-outs exposing the car's bulging rear tires, a nod to motorcycle design. One area the Temerario vastly improves on the Huracán is the interior. Better materials all around, better infotainment and instrument cluster digital screens with nice animations —and more space owing to slightly larger dimensions. Fewer buttons is not a welcome change, though it seems most of these functions are now controls on the steering wheel. On the track is where it all comes together. With its hybrid system, the Temerario features two motors powering each front wheel individually, giving the car true torque vectoring. That means the wheels can spin and apply force independently on their own. This also means that, while the rear wheels are powered by the monster V8, the front wheels can provide force at different times, like during an aggressive turn, keeping the car's line true and giving extra assistance around corners. Traction is of course improved as well. So handling-wise, the car feels a lot smaller than it really is, which makes even the most aggressive track easier to deal with. But true heart of the beast is its twin turbo, flat-plane-crank V8 motor. Combined with the two motors up front and one sandwiched in between the 8-speed transmission, the Temerario has a mind-boggling 900hp on tap. The engine alone is a marvel, able to spin up to 10,000 RPM. It is designed to keep pulling to that red line. Usually, most motors will start petering out at those heady levels. This allowed the Temerario to hit ungodly, panic-inducing speeds on the straightaways of nearly 200mph, which then meant going hard on the brakes, and then into the next curve without losing it. Those front motors really helped get the car back on the proper race line if you braked too deeply into the first turn, for example. The car allowed me to string faster lap after faster lap in succession, giving me confidence to push harder into every turn, and brake later. Yes, it is overall a better car than the Huracán when it comes to aggressive track driving. And I'm sure it's a perfectly livable car too — meaning, in theory, you could take it around town to run some errands — though I didn't get the chance to drive on local roads. But I have a few complaints, believe it or not. The loss of the Huracán's V10 really hurts from an emotional point of view — the sound of the 10-cylinder revving higher is intoxicating. Yes, the Temerario at 10,000 RPM screaming down the straightaway does give you that emotional kick, but most owners will not be pushing the car anywhere near that mind-boggling limit. Most owners will be driving around town or on some nice backcountry roads. And though I said it was subjective, the styling for me is a bit too toned down too, at least compared to the outgoing Huracán. For a car that starts at $382,654 in the US, we would like more of a wow factor. Lamborghini isn't done with the Temerario Lamborghini won't sit idly when it comes to special or updated versions of the Temerario. Performance models with aggressive styling and enhancements to the powertrain may mean more exciting versions could be coming. This is all part of the game plan. And some buyers actually prefer the base models of Lamborghini's creations because they are the purest form of these vehicles. But, finally, I have to ask: Could we see a Temerario special edition combining a non-turbo screaming V8 with those trick electric motors up front, or one with an aggressive, race car-like aero package? Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Sign in to access your portfolio
CBS News
24 minutes ago
- CBS News
Smithsonian says Trump impeachment exhibits will be restored
Washington — The Smithsonian said Saturday that it would update an exhibit at the National Museum of American History to reflect all impeachment proceedings in U.S. history after a placard was removed last month. "As the keeper of memory for the nation, it is our privilege and responsibility to tell accurate and complete histories," the Smithsonian said in a statement. The statement came after The Washington Post reported last week that the museum had removed references to President Trump's two impeachments earlier in the month as part of a content review. In the statement, the Smithsonian acknowledged the recent reporting around the matter, saying a placard was removed in July from the exhibit, "The American Presidency: A Glorious Burden," which the museum said is intended to "reflect all impeachment proceedings in our nation's history." The Smithsonian said it was "not asked by any Administration or other government official to remove content from the exhibit." "The placard, which was meant to be a temporary addition to a twenty-five year-old exhibition, did not meet the museum's standards in appearance, location, timeline and overall presentation," the statement said. "It was not consistent with other sections in the exhibit and moreover blocked the view of the objects inside its case. For these reasons, we removed the placard." Mr. Trump was impeached by the House in 2019 on charges related to efforts to pressure Ukraine to investigate his political rival, and in 2021 for inciting the Jan. 6, 2021, riot at the U.S. Capitol. He was acquitted in the Senate in both cases. Presidents Andrew Johnson and Bill Clinton were also impeached, and both were also acquitted in the Senate. President Richard Nixon resigned facing an impeachment inquiry. The Smithsonian outlined that the impeachment section of the exhibit will be updated in the "coming weeks to reflect all impeachment proceedings in our nation's history."
