Key takeaways As expected, the Fed hiked the target range by 75bp to 1.50-1.75% and left the QT programme unchanged. Fed Chair Jerome Powell mentioned that the Fed can hike by another 75bp in July Read more…
The Fed delivered their well-telegraphed 75-bps hike and left the door open for another one in July. Whether it can tame the inflationary beast remains debatable. It looked like a classic case of ‘buy the Read more…
The Fed statement said that it is “strongly committed to returning inflation to its 2% objective” and that it ”expects the labor market to remain strong”. What did the FOMC do? The US Federal Reserve Read more…
Tesla’s Chinese rival Nio rolls out its new mid-large SUV electric vehicle ES7. Tesla’s (TSLA) – Get Tesla Inc. Report popular Model Y SUV has been a successful seller for the leading electric vehicle maker, as Read more…
The Sonos Roam, a small speaker with plenty of sound, is on sale for $143.20 at Best Buy. | Photo by Chris Welch / The Verge Panicking because Father’s Day is just around the corner Read more…
Microsoft co-founder uses the retirement of Internet Explorer to troll conspiracy nutjobs. Microsoft (MSFT) – Get Microsoft Corporation Report co-founder Bill Gates is a classic nerdy software guy. He offers up earnest book recommendations, and tweets Read more…
Jim Cramer says the Fed action is great news for high-growth tech stocks, which should be among the first sectors to recover. Fed chair Jay Powell made one thing clear Wednesday, he’s willing to crush Read more…
Enlarge (credit: Aurich Lawson | Getty Images) A massive flood of malicious traffic that recently set a new distributed denial-of-service record came from an unlikely source. A botnet of just 5,000 devices was responsible as Read more…
Both Redfin and Compass announced that they would be making significant staff layoffs. It’s not looking good for real estate agents that joined a brokerage in the midst of pandemic-related housing frenzy. In the last week, Read more…