
Deutsche Bank: Equity Markets Remain Rational
The equity markets remain reasonable even during times of volatility and geopolitical uncertainty, although they are probably still underestimating the full impact of tariffs says Christian Nolting, Global CIO at Deutsche Bank Private Bank. Nolting spoke to Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)
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33 minutes ago
- Yahoo
Tesla stock rises as US moves to ease rules for self-driving cybercab
-- Tesla (NASDAQ:TSLA) stock rose 2.6%, hitting a session high on Friday after a report that the US government is taking steps to ease regulations that have hindered the deployment of self-driving vehicles without driver controls. According to Bloomberg, the Trump administration is streamlining the exemption process for automakers seeking to deploy self-driving cars designed without traditional steering wheels or brake pedals. This regulatory shift could significantly benefit Tesla's ambitions to launch its robotaxi service. The National Highway Traffic Safety Administration (NHTSA) announced it will simplify the exemption procedure, which previously resulted in processing times that could stretch for years. In a letter posted to its website on Friday, NHTSA Chief Counsel Peter Simshauser stated the agency "anticipates reaching decisions on most exemption requests within months rather than years." Current federal safety standards effectively require new vehicles to include human driving controls, forcing companies developing autonomous vehicles to seek exemptions - a process that has created substantial delays for manufacturers. While Tesla shares climbed on the news, ride-hailing companies Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) saw their shares edge lower, potentially reflecting investor concerns about future competition from autonomous taxi services. The regulatory changes align with Tesla CEO Elon Musk's previously announced plans to develop a fleet of self-driving "Cybercabs" that could compete directly with traditional ride-sharing services. Related articles Tesla stock rises as US moves to ease rules for self-driving cybercab Air India 787-8 accident - What we know so far Brookfield Infrastructure reportedly acquiring Hotwire for $7 billion

Miami Herald
an hour ago
- Miami Herald
Car buyers should be nervous about this emerging trend
If you are in the market for a new vehicle, signs suggest that the buyers' market, which thrived in the first half of the year, is coming to an end. Due to the uncertainty surrounding President Donald Trump's trade war, dealers have increased incentives to combat consumer sentiment, which has been in the tank since Trump took office. Related: Car buyers should shop these brands for the best tariff deal Nearly half of American drivers cite car expenses as the reason they can't save any money, and the average American spends about 20% of their monthly income on auto loans, fuel, insurance, and maintenance. Most financial experts cap the monthly income you should spend on a vehicle at 15%. According to a MarketWatch Guides survey, about 10% of drivers say they spend 30% of their monthly income on driving, while another 12% said they "found themselves living paycheck to paycheck due to the financial strain of their cars." So, finding the right car for the right price is the name of the game. According to a new analysis from Bank of America, this year has been good for car buyers. But things are about to take a turn. Image source: Bounds/Bloomberg via Getty Images Car dealers have piled on the incentives in recent months to get customers through their doors. The plan worked. Auto sales have climbed sharply in recent months as consumers were motivated by the incentives and the need to buy vehicles before any tariff-related price increases. But Bank of America is now saying that the growth it saw in consumer vehicle loan applications has declined from its peak in April, "suggesting that 'buying ahead' has largely run its course." Bank of America expects lower-income and younger buyers to feel the most pain, as its data shows that median car payments have grown faster than new and used car prices since 2019. Shockingly, of those households with a monthly car payment, 20% have a payment over $1,000. Related: Car buyers notice a disturbing trend at the car lot Meanwhile, Baby Boomers, Gen X, and older Millennials all saw decreases in the percentage of their members paying more than $2,000 a month for their vehicles in the past few months. Gen Z and younger Millennials saw an increase in members paying over that amount. Bank of America also saw an increase in $2,000 a month auto bills among people making less than $50,000 and between $50,00 and $100,000. Meanwhile, that type of spending decreased among people making more than $100,000. "Bank of America payments data shows that overall median car payments are already more than 30% higher than the 2019 average and have now outpaced both new and used car prices, possibly as there is a push towards more expensive cars," analysts Taylor Bowley and David Tinsley wrote. However, the majority of automakers reported reducing incentive spending in May. Dealers like Volkswagen, Mazda, Land Rover, Volvo, and BMW all reduced incentive spending by more than 10%. Incentives were also notably lower month over month for Stellantis. Car buyers must consider several factors before making a purchase. Of course, the vehicle itself is only part of the expense, as it will need insurance, maintenance, and gas to run. In addition to capping your car payments at about 15% of your monthly take-home, financial experts also recommend shoppers aim for a 20% down payment, a 36 to 48-month loan term, and expenses (including insurance) at between 8% and 10% of your gross monthly income. Experts also recommend that you know your credit score and loan approval amount in advance and that you shop around with different lenders for the best rate. Related: New car prices are rising; here's where to get the best deal The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.


Geek Girl Authority
an hour ago
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The Legal Gray Zone of Online Casinos – Why Some Sites Operate Without Licenses
Online gambling is a booming industry, but not all casinos operate within the boundaries of strict regulations. While many well-known platforms hold licenses from respected authorities, a significant portion of the market consists of unregulated or offshore casinos. These sites operate without proper licensing, often targeting players from regions where online gambling laws are unclear or restrictive. Unlike licensed casinos that adhere to strict compliance measures, unregulated platforms exist in a legal gray area, making them both appealing and risky for players. The absence of a license allows these casinos to offer fewer restrictions, bigger bonuses, and more flexible payment options, including cryptocurrency transactions. Get a no deposit bonus for live dealer games is one of the many promotions that unregulated casinos use to attract new players. Why Casinos Choose to Operate Without a License Running an unlicensed online casino may seem risky, but for some operators, the advantages outweigh the potential downsides. Licensing requirements can be costly and time-consuming, with regulators enforcing strict guidelines on responsible gambling, financial transparency, and fair gaming practices. Many operators choose to bypass these regulations to avoid expensive licensing fees, taxation, and compliance costs. Additionally, jurisdictions with restrictive gambling laws prevent operators from offering their services in certain regions, limiting their potential customer base. By operating without a license, casinos can access restricted markets, allowing players to gamble in countries where online betting is heavily regulated or even banned. This flexibility enables them to attract a global audience without the constraints faced by licensed operators. Another significant advantage is the ability to offer alternative payment methods. Why some operators choose to remain unlicensed: Lower operational costs: Avoiding licensing fees and tax obligations allows unregulated casinos to maximize profits and offer higher bonuses. Access to restricted markets: Some regions impose strict gambling laws, but unlicensed casinos can still reach players in these areas. Greater payment flexibility: Licensed casinos follow financial regulations that restrict certain payment methods, while unlicensed platforms freely accept cryptocurrencies and other alternative payment options. Despite these advantages, operating without a license comes with considerable risks. Regulatory bodies continually crack down on unlicensed casinos, and players are becoming more aware of the dangers associated with gambling on unregulated platforms. While the lack of oversight provides certain business benefits, it also raises concerns about credibility, security, and long-term sustainability. The Risks of Playing on Unlicensed Gambling Sites Unregulated casinos may seem appealing due to their fewer restrictions and generous promotions, but they come with significant risks. One of the biggest concerns is the absence of player protection. Licensed casinos must comply with strict regulations on fair play, security, and responsible gambling, while unlicensed sites operate without oversight. This creates opportunities for unfair practices such as game manipulation, payout delays, and withheld withdrawals. Fraud is another serious issue, with some rogue operators shutting down unexpectedly and disappearing with players' funds. Key risks of unregulated casinos: Lack of accountability: Without licensing, these platforms are not required to ensure fair play or protect customer data. Players have no guarantee that games are not rigged or that payouts will be processed. No legal recourse: If disputes arise, players have no official authority to turn to. Licensed casinos must answer to regulators, but unregulated ones operate beyond legal reach. Financial uncertainties: Many banks and payment providers refuse to process transactions linked to unlicensed gambling sites, leading to potential issues with deposits and withdrawals. Beyond these risks, players must consider the long-term consequences of engaging with unregulated platforms. While they may offer high bonuses and more flexible payment options, the lack of regulatory oversight makes them a risky choice. Responsible gamblers should prioritize security, transparency, and reliability when selecting an online casino. The Future of Unlicensed Online Casinos and Global Regulations As governments and regulators work to tighten control over the online gambling industry, the future of unlicensed casinos remains uncertain. Some countries are introducing stricter enforcement measures, including fines and legal action against operators who target players without authorization. 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