Second-hand Teslas flood the market as Elon Musk faces British backlash
British drivers are offloading Teslas in record numbers amid a political backlash against Elon Musk, the company’s chief executive.
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Fed’s Bowman Says Economy’s Neutral Rate Higher Since Covid
(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the neutral level for the central bank’s policy rate had likely risen since the Covid-19 pandemic.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowBowman said several fa
Eurozone economy grows marginally, boosted by household spending
The eurozone economy saw a slight rise in the last quarter of 2024, although major economies such as France and Germany continued to lag.View on euronews
Nasdaq 100 Tumbles Into a Correction as Tech Selloff Intensifies
(Bloomberg) -- The Nasdaq 100 Index sank into a correction on Friday, as investors continue to sour on the megacap technology stocks that led the stock market rally over the past two years.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-
Nasdaq Plans to Launch 24-Hour Trading Next Year
The Nasdaq exchange plans to move to offering 24-hour trading, Monday through Friday, in a move that could make U.S. markets more accessible to investors in different time zones.
Gap Stock Soars as Retailer's Turnaround Plan Bears Fruit
Gap's profit and sales exceeded forecasts in the key holiday shopping season as the clothing retailer's turnaround efforts continued to boost results.
Fed's Bowman signals she may pay more attention to job market in policy debates
Bowman was responding to research presented at a conference examining how the rate-setting Federal Open Market Committee's monetary policy influences economic activity. "Although the FOMC has been focused on lowering inflation in the past few years, as we continue to make progress on approaching our 2% target, I expect that the labor market and economic activity will become a larger factor in the FOMC's policy discussions," Bowman said in remarks prepared for delivery at a monetary policy forum organized by the University of Chicago's Booth School of Business in New York City.