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The Tesla Model 2 has been scrapped, according to a report. Wall Street had hoped the $25,000 EV would revitalize the company’s lineup.

Federal Reserve Gov. Michelle Bowman said “we are still not yet at the point” at which the central bank would be justified in cutting U.S. interest rates because of persistent inflation.

At the beginning of the week, it seemed Donald Trump had resolved his most pressing financial matter by securing a bond that would allow him to pursue an appeal of a $454 million penalty following a corporate fraud ruling.

Also: What the election means for healthcare ETFs, financial fitness for everyone, and whether you can afford the house you want

The plan will likely be different from the one the Supreme Court struck down in some key ways; over the past several months, the administration has outlined what’s likely to be included in the proposal.

Wall Street errs on its forecasts of slower hiring and weaker economic growth. What is the Fed to do?

Logan worried about upside risk to inflation

Another round of red-hot U.S. jobs data Friday put a deeper chill on expectations the Federal Reserve will begin in June to deliver a series of interest rate cuts in the near future, but stock-market investors seem relatively okay with that.

Zimbabwe’s central bank on Friday said its beleaguered local dollar will be replaced by new currency backed by gold, other precious metals and foreign currencies.

Stocks, cryptocurrencies and commodities have been driven higher by an aversion to bonds. Here’s how that might end, according to Bank of America.

AMD’s stock is off 19% over the past month and the biggest decliner in the PHLX Semiconductor Index over that span.

Barron’s report says bond prices suggest drop in value in Bank of America’s Held-to-Maturity (HTM) securities in Q1.