The billionaire entrepreneur said Tesla’s Full-Self driving feature will be “safer than a human” by the end of the year. Elon Musk’s list of promises is long. His fans see his visionary side there. His Read more…
With inflation soaring and unemployment dropping, the Fed has little reason to act, says Bridgewater’s Co-CIO Greg Jensen. The Federal Reserve is prepared to let the stock market drop another 15% to 20% before it Read more…
The Reserve Bank of Australia announces its first policy decision of the year on Tuesday at 3:30 GMT. The last time the Bank’s governor, Philip Lowe, spoke in mid-December, he told investors he didn’t think Read more…
The main takeaway from Jerome Powell’s press conference last night was that the Fed was even more hawkish than expected, causing even more volatility in the markets and further underpinning the US dollar against foreign Read more…
Markets The day after. Markets are still digesting the Fed’s determination to kill off high inflation. The rate kickoff is in March and we assume the central bank wants to move fast by hiking at Read more…
The number of addresses with a bitcoin balance of at least $1 million dropped 24% between Oct. 28 and Jan. 26. Bitcoin giveth, and bitcoin taketh away–especially when it comes to minting fortunes. The number Read more…
The consensus among traders shifted as Fed Chairman Powell gave hawkish commentary after the Federal Reserve meeting Wednesday. Interest-rate futures traders now expect the Federal Reserve to raise interest rates five times this year, according Read more…
The U.S. economy surged ahead 6.9% (annualized) in the fourth quarter, slightly above consensus expectations. Overall, the economy rebounded 5.7% in 2021, more than recouping 2020’s 3.4% contraction. Inventory rebuilding accounted for 71% of growth, Read more…
Southwest Air expects a loss in the current quarter – reflecting lower revenue and higher fuel and other costs – but a profitable 2022. Southwest Airlines (LUV) – Get Southwest Airlines Co. Report expects a turbulent Read more…
Tesla shares hit a one-month low Thursday after posting record Q4 sales but warning that supply chain disruptions would impact near-term output. Updated at 10:30 am EST Tesla (TSLA) – Get Tesla Inc Report shares neared Read more…