The Tesla Shock Nobody Sees Coming

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Spain's economy minister says 'overtourism' challenges need to be addressed

SUMAN NAISHADHAM
June 10, 2025

MADRID (AP) -- Spain could receive as many as 100 million tourists this year, according to some projections, which the country's economy minister said poses challenges for residents that the government can no longer afford to ignore.

Last year, Spain received a record 94 million international visitors, making it one of the most visited countries in the world.

"It's important to understand that these record numbers in terms of tourism also pose challenges," Economy Minister Carlos Cuerpo said in an interview Tuesday with The Associated Press. "And we need to deal with those challenges also for our own population."

Tourism is a key sector for the Southern European nation's economy, which grew faster than any major advanced economy last year at 3.2%, and is projected to grow at 2.4% this year, according to the Bank of Spain, well ahead of the expected eurozone average of 0.9%.

But a stubborn housing crisis in which home and rental costs have skyrocketed in cities such as Madrid, Barcelona and elsewhere has led to growing frustration about one aspect tied to tourism in particular: the proliferation of short-term rental apartments in city centers.

The country has seen several large protests that have drawn tens of thousands of people to demand more government action on housing. Signs at demonstrations with slogans such as "Get Airbnb out of our neighborhoods" point to the growing anger.

In response, the government recently announced it was cracking down on Airbnb listings that it said were operating in the country illegally, a decision that the company is appealing.

"We are a 49 million-inhabitants country," Cuerpo said. The record numbers of tourists illustrate the "attractiveness of our country, but also of the challenge that we have in terms of dealing and providing for a good experience for tourists, but at the same time avoiding overcharging (for) our own services and our own housing," he said.

The Bank of Spain recently said the country has a deficit of 450,000 homes. Building more public housing is critical to solve the problem, Cuerpo said. Spain has a lower stock of public housing than many other major European Union countries.

"This is the key challenge for this term," the minister said of the country's housing woes.

On the possibility of more U.S. tariffs on EU goods, the top economic policymaker for the eurozone's fourth-largest economy said he believed the EU still wanted to reinforce economic ties with the U.S.

"From the EU side, we are constructive but we are not naive," Cuerpo said, adding that the bloc would pursue "other routes protecting our firms and industries" if no agreement with the Trump administration can be reached.

A 90-day pause on tariffs announced by the EU and the U.S. is slated to end on July 14. About halfway through that grace period, U.S. President Donald Trump announced 50% tariffs on steel imports. The U.S. has also enacted a 25% tariff on vehicles and 10% so-called reciprocal tariffs on most other goods.

On how Spain's current housing woes got here, the minister said a steep drop in construction in Spain following the 2008 financial crisis played a role. So did population growth due to immigration, Cuerpo said, and pressures from an increase in the number of tourists.

While building more housing is key, the minister advocated for an all-of-the-above approach, including regulating Spain's housing market and short-term rental platforms.

"For us, there's no silver bullet," he said.

Continue Reading...

Popular

Paula Deen has abruptly closed the Savannah restaurant that launched her to Food Network fame

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

These 3 Dividend-Yielding Stocks Could Outperform As High Fed Rates Spark $4.9 Billion Inflows: Expert

Expert highlights the top high divided yielding stocks and funds that investors could consider to seize the opportunity amid high Fed rates.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

American Eagle's 'good jeans' ads with Sydney Sweeney spark a debate on race and beauty standards

NEW YORK (AP) — U.S. fashion retailer American Eagle Outfitters wanted to make a splash with its new advertising campaign starring 27-year-old actor . The ad blitz included “clever, even provocative language” and was “definitely going to push buttons,” the company’s chief marketing officer told trade media outlets.

BlackRock's New ETF BILT Bets On $68 Trillion Boom, But Most Investors Are Missing It

BlackRock debuts first actively managed infrastructure ETF (BILT), highlighting growing interest in this sector. Offers diversity and growth potential.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Wallis Annenberg, billionaire philanthropist who backed arts, science and other causes, dies at 86

LOS ANGELES (AP) — Wallis Annenberg, the billionaire philanthropist who supported the arts, science, education and animal welfare causes over decades in Los Angeles, died Monday, her family said.

It’s moo-ving day for dairy cattle at Michigan State University

EAST LANSING, Mich. (AP) — Dozens of dairy cattle were on the moo-ve Monday at Michigan State University.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

How high-tech tools, and pigs, could help in the search for Mexican drug cartel victims

ZAPOPAN, Mexico (AP) — First the scientists dress dead swine in clothes, then they dispose of the carcasses. Some they wrap in packing tape, others they chop up. They stuff the animals into plastic bags or wrap them in blankets. They cover them in lime or burn them. Some are buried alone, others in groups.

BitMine Stock Falls 15.1% After-Hours As Peter Thiel-Backed Company Files Shelf Offering, Might Consider Ethereum Purchase With Proceeds

Shares of Bitmine Immersion Technologies Inc. (AMEX:BMNR) plummeted in Monday's after-market trading after the company filed for a shelf offering to register securities for sale by selling stockholders

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

India Stands Firm on Russian Oil Imports Despite Trump's Sanction Threats

In the face of potential penalties threatened by President Trump, India has affirmed its decision to continue buying cheap oil from Russia.

How Afghan women under Talban rule are coding their way to a brighter future

KABUL, Afghanistan (AP) — One after the other, the opportunities vanished. Like so many other Afghan women, Sodaba could do little but watch as her country’s new Taliban government imposed a stranglehold on women’s lives.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Allianz Life confirms data breach affecting majority of 1.4M US customers

MINNEAPOLIS (AP) — Hackers gained access to personal data on the majority of the 1.4 million customers of Allianz Life Insurance Company of North America, the company confirmed Saturday.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Fired Labor Bureau Commissioner Speaks Out After Trump Firing Over Job Numbers

Erika McEntarfer, BLS Commissioner, expressed gratitude for her role and colleagues amid political turmoil. Importance of unbiased economic data.

Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play?

Meta Platforms has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke.

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Pope Leo XIV surprises Catholic youth festival with unexpected popemobile salute

VATICAN CITY (AP) — surprised tens of thousands of young Catholics on Tuesday and showed up unexpectedly at a Holy Year welcome ceremony, thrilling the kids and receiving a rock star’s welcome in the first big youth event of his pontificate.

Edmunds small luxury SUV test: 2025 Acura ADX vs 2025 BMW X1

The is all-new this year, and it takes its place as Acura’s smallest and least expensive crossover SUV. If you think Acura’s RDX or MDX are too big or too expensive, the entry-level ADX could very well satisfy.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

United Grounds All Mainline Flights Across US Over Tech Glitch, Says Expect 'Additional' Delays

United Airlines grounded all mainline flights nationwide due to a critical tech glitch on Wednesday, highlighting growing concerns over aging aviation infrastructure and operational vulnerabilities across the airline industry.

Thousands march against plan to build massive bridge linking Sicily to Italy's mainland

ROME (AP) — Thousands of people marched in the Sicilian city of Messina on Saturday to protest a that would connect the Italian mainland with Sicily in a massive 13.5-billion-euro ($15.5 billion) infrastructure project.

Our No.1 AI Stock Has Nothing to Do With Tech - Ad

Nvidia CEO Jensen Huang recently said AI requires "100 times more" power. We believe that means the best way to invest in AI right now has nothing to do with technology ... And everything to do with energy. One stock appears to be perfectly positioned...

Brazil's President Says 'Won't Humiliate Myself' By Calling Trump — Seeks Joint BRICS Response With China, India To Counter Tariffs

Brazilian President Luiz Inácio Lula da Silva said he has no plans to reach out to U.S. President Donald Trump to negotiate the new tariffs imposed by the United States on Brazil.

Why Spotify's Latest Results Look Worse Than They Are

Spotify (SPOT) stock drops after missing earnings and revenue expectations, despite strong user growth. Analysts maintain Overweight and Buy ratings.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Insulet Peer Tandem Diabetes Underwhelming Earnings, Dull Outlook Drags Stock

Tandem Diabetes shares fall after a deeper loss, lower guidance, and a device recall tied to 700 adverse events and 59 injuries.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says

NEW YORK (AP) — WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” targeting people online around that world, its parent company said this week.

China pushes back at US demands to stop buying Russian and Iranian oil

WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

China's Crackdown Forces Alibaba, JD, And Meituan To Call Truce On Price War

Alibaba, Meituan, and JD.com commit to end price-based competition in food delivery sector after regulatory scrutiny.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts

NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month's stunning, is strengthening her belief that interest rates should be lower.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service