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Real-time News
German Defense Minister Pistorius: Considering establishing a space launch site for the Federal Armed Forces.July 23 – Sources familiar with the matter say European Central Bank (ECB) officials are prepared to raise interest rates in September unless the eurozones inflation outlook improves significantly. According to sources, based on current information and data, particularly the Middle East conflict and its economic impact, a further one percentage point increase may be needed to curb inflationary pressures. The sources emphasized that no decision has been made yet, and the situation could change rapidly, especially if a peace agreement progresses or a more severe recession occurs. This stance is consistent with the ECBs decision-making process, which involves making decisions "on a meeting-by-meeting" basis. On Thursday, ECB President Christine Lagarde laid the groundwork for a possible September rate hike, stating that some members had asked themselves whether a rate increase was warranted. "Some members have asked themselves whether we should consider raising interest rates," she said. "We are fully prepared to closely monitor developments and the data we will receive in the coming weeks."On July 23, Google (GOOG.O) shares fell more than 7% on Thursday after the company revised its capital expenditure forecast for this year upward to $195 billion to $205 billion from $190 billion previously. This serves as a reminder that the full cost of Silicon Valleys AI competition is still largely untapped. Google is the first major tech company to report quarterly earnings. Meta, Microsoft, and Amazon will report next week. These four companies previously revealed in April that they would collectively invest up to $725 billion in AI development this year. This figure will increase further by the end of next week, based on Googles example. Nevertheless, the returns on these investments remain unclear. Thomas Montero, a senior analyst at an investment firm, stated, "Googles larger spending plans are not satisfactory. Coupled with rising interest rates and continued supply and demand tensions in AI infrastructure, the idea that companies will always rely on cash flow for financing may be losing its appeal."The U.S. Department of Justice will reopen a "second request" investigation into the merger and acquisition transaction.UBS Group: Lowered its price target for Tesla (TSLA.O) from $442 to $385.
