Key takeaways Fed Chair Jerome Powell sounded hawkish during the press conference emphasising that labour demand and inflation are very high (“both mandates” are p ulling in the direction of tighter monetary policy). Powell spent Read more…
Summary As was widely expected, the FOMC made no major policy changes at its meeting today. Specifically, the Committee unanimously agreed to keep its target range for the federal funds rate unchanged at 0.00% to Read more…
No changes to policy rate or pace of QE tapering All eyes on March meeting as statement notes “it will soon be appropriate” to raise rates Fed to start shrinking its balance sheet after rate Read more…
The Federal Reserve Open Market Committee (FOMC) kept the federal funds rate at the current 0% to 0.25% range and will continue to taper its asset purchases so that its Quantitative Easing (QE) program ends Read more…
The sports channel has signed a new deal with the Professional Fighters League. What’s better than one Mixed Martial Arts league? If you’re ESPN, the answer is two, apparently. The Disney (DIS) – Get Walt Read more…
Passenger is suing Uber after an April accident which confined him to a wheelchair. As Uber (UBER) – Get Uber Technologies, Inc. Report often stresses the safety of its cars and drivers, the ride-hailing company faces Read more…
Race NFT cars in the metaverse. Or take your pet to the first ever virtual dog park. Change is the only constant even in the virtual world. The metaverse is evolving. In addition to Nike’s digital Read more…
The electric vehicle company wants to focus on scaling and its output For those who expected a spectacular announcement, the disappointment will be immense. Tesla (TSLA) – Get Tesla Inc Report won’t announce a new car Read more…
See the latest news for the top stocks in the electric vehicle space including Ford, General Motors, Lucid, Nio, Rivian, and more. Is 2022 the year America finally goes all-in on electric vehicles? Analysts at Read more…
The CEO also said that Tesla started building Model Y SUVs late last year at its new factory in Texas Tesla (TSLA) – Get Tesla Inc Report promised on Wednesday to make announcements about new factories Read more…