Articles

Tesla cancels plans for Model 2 low-cost EV: report

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.

Bowman says inflation still too high to justify Fed rate cuts

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.

Trump’s latest financial drama stars a billionaire subprime king, a skeptical prosecutor and a $175-million bond

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.

More eye-popping numbers for Trump Media — even if you want to short DJT stock

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

Biden set to announce new student-debt-forgiveness plan next week. Here’s what you need to know

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.

‘Eye-popping’ March jobs report shows labor market and U.S. economy are still going strong

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

Fed’s Logan says ‘much too soon to think about cutting rates’

Logan worried about upside risk to inflation

Why stock-market bulls aren’t rattled by hot U.S. jobs data and fading rate-cut hopes

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 launches new currency backed by gold and foreign currencies

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.

Here’s the biggest risk to the ‘anything but bonds’ rally that has been driving up the rest of the market

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

Why this AMD bull is keeping the faith in the face of the stock’s weakness

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

Bank of America’s paper loss on its bond portfolio reaches $110 bln and outpaces other banks: report

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