President Trump criticized Fed Chair Jerome Powell but hinted he wouldn’t fire him soon. Powell’s term ends in 2026. Trump accuses Powell of being “too late” in adjusting interest rates. Despite considering firing him, Trump now deems it “highly unlikely.” White House questions Fed’s $2.5 billion building renovations. Treasury Secretary Bessent pushes for internal Fed investigation.

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1. Tesla announces plans to build a new Gigafactory in Texas. The electric car company aims to start production of its Cybertruck and Model Y vehicles at the facility.

2. Apple unveils new iPhone 12 lineup with 5G capabilities. The tech giant also introduces the HomePod Mini speaker, targeting the smart home market.

3. Microsoft reports a 12% increase in revenue for the quarter, driven by strong demand for cloud services. The company’s Azure cloud platform sees a 48% growth in revenue.

4. Amazon Prime Day sales hit record highs, with $10.4 billion in total sales. The e-commerce giant sees a surge in demand for electronics, home goods, and other products.

5. Pfizer announces promising results from its COVID-19 vaccine trial, with an efficacy rate of over 90%. The pharmaceutical company plans to seek emergency use authorization from the FDA.: ‘He’s going to be out pretty soon anyway’