© Reuters. US Inflation Nearer 1980 Peak Than Thought, Summers Group Says (Bloomberg) — US inflation is running even closer today to its 1980 peak, fresh analysis of historical price data shows, suggesting that the Federal Reserve’s task of bringing price gains back to its target is tougher than previously thought. A group of economists…
After having to miss the past few days of her Platinum Jubilee due to health issues, Queen Elizabeth appeared on the balcony of Buckingham Palace on the last day of the celebration. Holly Williams has more from London.
Elon Musk is almost everywhere. Not a day goes by that he doesn’t tweet. When it’s not news about one of his multiple companies — Tesla (TSLA) – Get Tesla Inc Report, SpaceX, The Boring Company, Neuralink — he posts about politics, geopolitical affairs, or engages with his millions of followers on a variety of topics,…
Elon Musk took out his firefighter costume. Tesla (TSLA) – Get Tesla Inc Report CEO tries to put out the fire he himself started about the manufacturer of high-end electric vehicles. The billionaire entrepreneur sent an email on June 3 to Tesla employees in which he told them about cost-cutting measures in the face of the…
© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo By Kanishka Singh WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some…
© Reuters. Australia Inflation Accelerated Further From 5.1%, Chalmers Says (Bloomberg) — Australian consumer prices have accelerated from the 5.1% recorded in the first three months, Treasurer Jim Chalmers said, intensifying pressure on households and suggesting further interest-rate increases ahead. “It’s now really clear that the inflation challenge that Australians are facing is worse,” Chalmers…
© Reuters Treasury Yields Staring Down 3% Threshold Await CPI for Next Cue (Bloomberg) — The fate of the world’s biggest bond market is hanging largely on a single question: Has inflation in the US already peaked? Treasury yields have swung back at forth since last month as traders try to game out whether the…
© Reuters. By Daniel Shvartsman Investing.com — Stock markets ended the first week of June on a down note, as a strong U.S. jobs report made clear the Federal Reserve and other central banks can continue their monetary tightening policy, at the expense of risk assets. This week brings CPI reports in the U.S., as…
The tough time that the crypto sphere is going through is not about to go away. Judging by the recent decisions announced by the big names in the sector, it is even logical to say that what industry sources call “crypto winter” will continue for several more weeks, at least, even if volatility is the…
Elon Musk doesn’t like unions and does not hide it. He is opposed to the creation of a union at Tesla, and will do anything to make unionization efforts fail. His favorite argument is that the manufacturer of electric vehicles offers among the most attractive working conditions and wages and benefits. His aversion to unions…
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