Updated at 9:09 am EST St. Louis Federal Reserve President James Bullard doubled-down on his view that deeper near-term rate hikes are need to tame domestic price increases, telling CNBC Monday that inflation is ‘broadening and accelerating’ in the world’s biggest economy. Bullard, who last week said that the Fed needs to increase interest rates…
Updated at 9:06 am EST Tesla (TSLA) – Get Tesla Inc Report shares moved lower Monday after data from China showed a slowdown in monthly sales as supply-chain disruptions continue to trim capacity at its Shanghai gigafactory in the world’s biggest car market. The China Passenger Car Association (CPCA) said Tesla sold 59,845 China-made cars in…
Updated at 6:26 am EST Audioboom Group shares surged to a record high in London trading Monday amid reports that both Amazon (AMZN) – Get Amazon.com, Inc. Report and Spotify (SPOT) – Get Spotify Technology SA Report are preparing competing takeover bids for the U.K.-based podcasting group. Britain’s Sky News reported the pair’s interest in Audioboom, a…
You don’t change a formula that wins, says an adage. In this case, the formula is doubly winning. The electric vehicle (EV) manufacturer Tesla (TSLA) – Get Tesla Inc Report continues to rack up orders and reservations for its Semi, a prototype-stage electric class-8 truck, despite the fact that production and deliveries have been postponed once…
It’s the chef’s surprise. While automakers are mostly busy showing off their electric car prowess, Ford (F) – Get Ford Motor Company Report seems to have had it all. The Dearborn group recently unveiled a new update to its FordPass Connect app, which notably allows owners of Ford vehicles to interact with their cars remotely, even…
While most economists are talking about the Federal Reserve raising interest rates more aggressively after Thursday’s news of raging inflation, Nobel laureate economist Paul Krugman says the Fed shouldn’t go overboard. Consumer price soared 7.5% in the 12 months through January, the biggest increase in almost 40 years. The Fed does need to do some…
Predicting the next big thing has been notoriously hard. Remember when 3D printers were the future? How about the upcoming dominance of 3D television or people fleeing New York City never to return? How about when Napster seemed like the future of the music industry or MySpace seemed like an unstoppable social media powerhouse. A…
SpaceX CEO Elon Musk previewed plans for the company’s huge reusable Starship rocket Thursday which he hopes to eventually fly to Mars. Musk, who is also CEO of Tesla (TSLA) – Get Tesla Inc Report, spoke from the company’s launch facility in southern Texas with the fully assembled rocket in the background. “Starship is capable…
Tesla (TSLA) – Get Tesla Inc Report has moved its headquarters from Fremont, Calif., to Austin. But Elon Musk’s group is not done with California, where it still produces and sells a large number of cars. California has just filed a complaint against the owner of the Model 3, which it accuses of tolerating discrimination against…
The future looks great from the perspective of Memphis-based First Horizon National Bank. On a recent episode of “Mad Money,” Jim Cramer spoke with D. Bryan Jordan, chairman, president and CEO of First Horizon National Bank (FHN) – Get First Horizon Corporation Report. Shares of First Horizon have risen almost 20% over the past year.…
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