Musk's 'funding secured' tweet cost investors $12bn in 10 days: report
Synopsis by Business Insider Feb 01 23
Michael Hartzmark of Forensic Economics says investors with both short and long positions ...Read full article 
Business Insider: Musk's 'funding secured' tweet cost investors $12bn in 10 days: report
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| Last Updated | Feb 01 23 |
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Elon Musk is feuding with Brazil’s powerful Supreme Court: The court has become the de facto regulator of social media in the country
economist.com/the-americas/2024/04/14/elon-musk-is-feuding-with-brazils-powerful-supreme-court
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Quick Glance: Elon Musk's Clash with Brazil's Supreme Court
- Serial entrepreneur Elon Musk has been publicly criticizing Alexandre de Moraes, one of Brazil's Supreme Court judges, for the past week.
- The dispute revolves around X, a social media company owned by Mr. Musk, which announced on April 6th that a Brazilian court had ordered it to block a set of 'popular' accounts or face hefty fines.
- Mr. Moraes then initiated an inquiry against Mr. Musk for obstruction of justice, leading Mr. Musk to claim that censorship in Brazil is worse than in any other country where the platform operates.
- The row highlights the power of Brazil's Supreme Court and the debate on regulating social media without harming freedom of speech, which is a crucial battleground in Brazil.
Tesla recalls Cybertrucks over accelerator crash risk: The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.
bbc.com/news/articles/c9ezp0lv039o
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut the price of its best selling Model Y, the Model X and the Model S by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
Paid articlePaidQuick Glance: Tesla Reduces Prices by $2,000 in US, Model Y at Lowest Price Yet
- Tesla has lowered the prices of the Model Y, Model S, and Model X by $2,000 each in the US. Model 3 prices remain the same, as well as the prices of the newly released Cybertruck.
- Following disappointing quarterly delivery results, inventory levels have risen significantly. In response, Tesla has re-implemented temporary discounts on the Model Y after warning buyers of an upcoming price increase.
- All trims of the Model Y, along with the Model S and Model X, have been reduced in price. This results in the Model Y RWD starting at $42,990, the Model Y Long Range at $47,990, and the Model Y Performance at $51,490.
- Tesla's more expensive Model S and X vehicles also reflect lower prices. The Model S Long Range now begins at $72,990, and the Model X Long Range starts at $77,990.
Elon Musk and Javier Milei share their love of free markets in first meeting: Tesla boss shows Argentine president Texas factory where they talked about lithium ...
ft.com/content/604e66e3-597c-49e8-bac5-5d51a7a35abd
Quick Glance: Elon Musk and Javier Milei Discuss Free Markets and Investment Opportunities
- Elon Musk and Argentine president Javier Milei met for the first time at Tesla's Texas factory.
- They discussed market liberation, eliminating bureaucratic obstacles, and investment opportunities.
- Milei unexpectedly won an election focused on spending cuts and inflation reduction.
- Both shared similar views on free markets and expressed support for Israel in conflicts.
Oxford shuts down institute run by Elon Musk-backed philosopher: Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher ...
theguardian.com/technology/2024/apr/19/oxford-future-of-humanity-institute-closes
Elon Musk threatens to disobey court order over banned profiles: Brazil threatens to regulate social media owned by "billionaires domiciled abroad."
ft.com/content/26e54895-a37d-4ab1-baad-701d5ddcf150
Quick Glance: Elon Musk and the Support of Far-Right in Brazil
- A court in Brazil is planning an investigation against X owner Elon Musk for alleged obstruction of justice, following Musk's reactivation of accounts belonging to far-right individuals that were flagged by the Brazilian government for removal.
- Under Musk's leadership, X has transformed into a sanctuary for the far right and dissemination of misinformation, resulting in an escalation of hate speech on the platform.
- Experts caution that Musk is establishing a dangerous precedent by protecting and promoting the far right on his platform, regardless of local regulations or public opinion.
- Despite Musk's claims of advocating for free speech, the implementation of these principles on the platform has been inconsistent under his direction, especially concerning government requests to deactivate accounts.
Tesla: job cuts at e-car company - Welcome to reality, Elon Musk!: Tesla is facing a huge wave of redundancies. This is bad news for the employees ...
wiwo.de/unternehmen/auto/stellenabbau-bei-tesla-musks-abschied-von-wolkenkuckucksheim/29757498.html
IMF Urges Higher For Longer Rates in Eastern Europe on Sticky Inflation - Bloomberg
bloomberg.com/news/articles/2024-04-19/imf-urges-higher-for-longer-rates-in-eastern-europe-on-sticky-inflation
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So much for free speech on X; Musk confirms new users must soon pay to post: The fee, likely $1, is aimed at stopping “relentless” bots, Musk said.
arstechnica.com/tech-policy/2024/04/so-much-for-free-speech-on-x-musk-confirms-new-users-must-soon-pay-to-post/
Quick Glance: Musk Plans Fee for New X Users
- Elon Musk intends to charge new users of X in the initial months to curb the activity of automated bot accounts.
- The fee is set to be waived after three months to allow free posting.
- Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.
- Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
Gold (XAUUSD) Set for Fifth Weekly Gain on Increasing Mideast Tensions: Gold pared gains as demand for safe-haven assets eased after Iranian media seemed to ...
bloomberg.com/news/articles/2024-04-19/gold-xauusd-set-for-fifth-weekly-gain-on-increasing-mideast-tensions
Netflix Flex: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-18/netflix-flex-the-bloomberg-close-americas-edition
Quick Glance: Netflix to Cease Reporting Subscriber Numbers from 2025
- Netflix will no longer report subscriber numbers starting from the first quarter of 2025. The announcement came with the first quarter 2024 results where Netflix exceeded expectations.
- Despite the success in the first quarter, Netflix shares dropped over 4.5% after-hours upon revealing the decision to stop reporting quarterly subscriber totals.
- The choice to discontinue reporting quarterly membership numbers or average revenue per member is based on Netflix's belief that engagement time is the best indicator of customer satisfaction.
- Netflix plans to announce major subscriber milestones but will halt reporting quarterly subscriber numbers and shift investor focus towards time-spent-viewing metrics.
Quality problems and sales decline: The disenchantment of Elon Musk and Tesla: Elon Musk is currently toppling his own monument. He is cutting at least 14 ...
kleinezeitung.at/wirtschaft/18379748/die-entzauberung-von-elon-musk-und-tesla
Fading: The Bloomberg Open, Europe Edition: Good morning. China’s economy is already fading after a strong start to the year. UBS says a Fed rate hike is ...
bloomberg.com/news/newsletters/2024-04-16/fading-the-bloomberg-open-europe-edition
Paid articlePaid ECB Rate-Setters Agree on June Cut But Not Much Else Beyond: There’s one thing European Central Bank officials seem to agree on — that a first cut in interest ...
bloomberg.com/news/articles/2024-04-19/ecb-rate-setters-agree-on-june-cut-but-not-much-else-beyond
Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."
businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
- Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.
- The company asserts that implementing the plan is crucial for Tesla's future growth.
- Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
Tesla just asked shareholders to approve Elon Musk's nixed $56 billion pay plan again
qz.com/tesla-elon-musk-investors-approve-compensation-pay-plan-1851415316
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Bloomberg New Economy: IMF Scrutinizes US Economy Instead of Going After China: As the US delegation looked to the annual springtime gathering of finance chiefs ...
bloomberg.com/news/newsletters/2024-04-20/bloomberg-new-economy-imf-scrutinizes-us-economy-instead-of-going-after-china
Bloomberg Weekend Reading: The Risky Economics of Global Uncertainty: Get caught up.
bloomberg.com/news/newsletters/2024-04-20/bloomberg-weekend-reading-the-risky-economics-of-global-uncertainty
Tesla Cybertruck turns into world's most expensive brick after car wash: Bulletproof? Is it waterproof? Ts&Cs say: 'Failure to put Cybertruck in Car Wash ...
theregister.com/2024/04/20/cybertruck_car_wash_mode/
Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
bloomberg.com/news/articles/2024-04-19/investment-opportunities-with-hot-inflation-higher-for-longer-interest-rates
Paid articlePaid Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
bloomberg.com/news/articles/2024-04-19/wall-street-fires-up-deals-for-preferred-shares-with-fed-on-hold
Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
India Begins Voting in World’s Biggest Election
bloomberg.com/news/live-blog/2024-04-19/india-election-starts
Musk Postpones India Visit, Citing Heavy Tesla Obligations: Elon Musk postponed a visit to India which would have included a meeting with Prime Minister Narendra ...
bloomberg.com/news/articles/2024-04-20/elon-musk-postpones-india-visit-to-later-in-the-year
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Tesla's Elon Musk postpones India trip, sources say: Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra ...
reuters.com/world/india/teslas-elon-musk-postpones-india-trip-sources-say-2024-04-20/
Quick Glance: Elon Musk Postpones India Trip, Sources Say
- Tesla's CEO Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, according to three people familiar with the matter.
- Musk was expected to announce an investment of $2 billion to $3 billion, mainly to build a factory in India, following the government's policy of lowering high tariffs on imported cars if companies invest locally.
- His planned Sunday arrival was set to follow two days after the start of India's national elections, where Modi is projected to secure a rare third term.
- Reasons for the trip postponement were not immediately disclosed, and neither Tesla nor Modi's office responded promptly to requests for comments.
US 30-Year Mortgage Rates Surge Past 7%: Mortgage rates in the US climbed past 7% for the first time this year.
bloomberg.com/news/articles/2024-04-18/us-mortgage-rates-surge-to-highest-since-november-hitting-7-1
Paid articlePaidQuick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Blackstone’s Credit and Retail Lines Drive Narrow Profit Beat (BX): Blackstone Inc. collected more fees from big retail funds and credit strategies during the ...
bloomberg.com/news/articles/2024-04-18/blackstone-s-credit-and-retail-lines-drive-narrow-profit-beat
Paid articlePaid US, UK, Japan Propose Additional World Bank Funds to Boost Lending: Eleven rich countries including Japan, the UK and US proposed providing the World Bank with ...
bloomberg.com/news/articles/2024-04-19/rich-nations-propose-11-billion-for-world-bank-to-boost-lending
Paid articlePaid Bloomberg Evening Briefing: Blame the Rent for America’s Sticky Inflation: Get caught up.
bloomberg.com/news/newsletters/2024-04-18/bloomberg-evening-briefing-blame-the-rent-for-america-s-sticky-inflation
Going Strong: The Bloomberg Open, Asia Edition: Good morning. Netflix crushed its earnings but the second quarter may not be as rosy. China will be the top ...
bloomberg.com/news/newsletters/2024-04-18/going-strong-the-bloomberg-open-asia-edition
Paid articlePaid Turkey’s Central Bank Head Vows ‘Whatever It Takes’ on Inflation - Bloomberg: Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to ...
bloomberg.com/news/articles/2024-04-19/turkey-s-central-bank-head-vows-whatever-it-takes-on-inflation
Paid articlePaid Why the Dollar Is Causing Chaos in Emerging Markets: QuickTake: Emerging-market currencies have tumbled this year as the dollar has gone from strength to ...
bloomberg.com/news/articles/2024-04-16/why-the-dollar-is-causing-chaos-in-emerging-markets-quicktake
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Walmart Is Poised to Overtake Tesla in Market Value. How the Retailer Got Here.: It’s a tale of contrasting fortunes: Walmart stock has steadily risen as some of ...
barrons.com/articles/walmart-tesla-overtake-market-value-40f12270
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Tesla seeks to award Elon Musk $56bn pay package: The deal, if approved by shareholders and judges, would be the largest in corporate America.
bbc.com/news/articles/cqqndqndpq5o
Higher for Longer Hits Bonds With 5% Yields Back in Play: Welcome to the Weekly Fix, the newsletter that’s confident rate cuts are coming sometime, somewhere ...
bloomberg.com/news/newsletters/2024-04-19/higher-for-longer-hits-bonds-with-5-yields-back-in-play
NGN/USD: Nigeria’s FX Reserves Plunge In Tandem With Naira Rebound: Nigeria is burning through foreign-exchange reserves at a rate not seen in four years ...
bloomberg.com/news/articles/2024-04-16/ngn-usd-nigeria-s-fx-reserves-plunge-in-tandem-with-naira-rebound
Paid articlePaid The UK Stock Market is Shrinking. Here's How to Save It.: Endless outflows need to be stopped — Charles Hall of broker Peel Hunt explains how and why.
bloomberg.com/news/newsletters/2024-04-19/the-uk-stock-market-is-shrinking-here-s-how-to-save-it
Next Africa: Rwandan Meddling Fuels Decades-Old Congo Conflict: Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where ...
bloomberg.com/news/newsletters/2024-04-19/next-africa-rwandan-meddling-fuels-decades-old-congo-conflict
Musk’s India Trip to See Breakthroughs for Starlink, Tesla: Days after Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings ...
bloomberg.com/news/articles/2024-04-20/musk-s-india-trip-to-see-breakthroughs-for-starlink-tesla
Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows
qz.com/tesla-musk-meta-facebook-zuckerberg-wealth-stock-1851419657
Tesla's Layoffs Won't Solve Its Growing Pains: The car company popularized EVs. Now, facing intense competition from China, it has to figure out what to do next.
wired.com/story/tesla-robotaxi-pivot-china/
Argentine Province La Rioja Sued in NY Over Missed Bond Payment: The Argentine province of La Rioja was sued by creditors in US Court, escalating a legal battle ...
bloomberg.com/news/articles/2024-04-19/argentine-province-la-rioja-sued-in-ny-over-missed-bond-payment
Paid articlePaid These are the 12 global economic indicators to watch
The 12 Global Economic Indicators to Watch: Bloomberg created this real-time dashboard of key economic indicators from every corner of the world.
bloomberg.com/graphics/world-economic-indicators-dashboard/
Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service ...
bloomberg.com/news/articles/2024-04-18/s-p-downgrades-israel-rating-on-heightened-geopolitical-risk
Bloomberg Evening Briefing: Wall Street Ends the Week in a ‘Tech Wreck’: Get caught up.
bloomberg.com/news/newsletters/2024-04-19/bloomberg-evening-briefing-wall-street-ends-the-week-in-a-tech-wreck
US Bank Earnings: Traders Beat Estimates as Net Interest Income Slumps: Wall Street’s traders are picking up the slack as income from lending slumps across the ...
bloomberg.com/news/articles/2024-04-16/big-us-banks-surprise-trading-haul-blunts-lending-income-slump
Paid articlePaid Gold Prices at a Record High Are Keeping Pawn Shops Busy: Record prices pushing toward $2,500 an ounce are proving hard to resist
bloomberg.com/news/articles/2024-04-14/gold-prices-at-a-record-high-are-keeping-pawn-shops-busy
Paid articlePaid Iran Behshad Ship Linked to Houthi Red Sea Attacks Comes Home: An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home ...
bloomberg.com/news/articles/2024-04-18/iran-behshad-ship-linked-to-houthi-red-sea-attacks-comes-home
World Economy Latest: Geopolitical Overlap: I’m Chris Condon, a US economic policy writer in Washington, and today we’re looking at how security issues have been ...
bloomberg.com/news/newsletters/2024-04-19/world-economy-latest-geopolitical-overlap
ECB Shouldn’t Rush Further Rate Cuts After June, Muller Says: The European Central Bank mustn’t rush into further interest rate cuts after a likely first step in ...
bloomberg.com/news/articles/2024-04-20/ecb-shouldn-t-rush-further-rate-cuts-after-june-muller-says
Bridgewater Adds China Stocks, Bonds After 6.4% Gain This Year: Bridgewater Associates’ onshore China hedge fund is adding exposure to local stocks and bonds ...
bloomberg.com/news/articles/2024-04-19/bridgewater-adds-china-stocks-bonds-after-6-4-gain-this-year
Paid articlePaid How The American Workforce Got Hooked on Adderall: Why we just can't get enough.
bloomberg.com/news/articles/2024-04-18/how-the-american-workforce-got-hooked-on-adderall
Paid articlePaid Asia Steps Up Currency Defense as Mideast Strife Roils Market: Central banks from Jakarta to Seoul intensified the defense of their currencies ...
bloomberg.com/news/articles/2024-04-19/asia-steps-up-currency-defense-as-mideast-strife-roils-market
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Tesla's Musk postpones India trip, aims to visit later this year : Musk was also expected to disclose details of the automobile major's plans for the ...
gulfnews.com/business/retail/teslas-musk-postpones-india-trip-aims-to-visit-later-this-year-1.1713590737569
How US, China Seek Influence With Solomons and Other Pacific Islands: Competition is heating up between China and the US in the southern Pacific ...
bloomberg.com/news/articles/2024-04-16/how-us-china-seek-influence-with-solomons-and-other-pacific-islands
Paid articlePaid Why the Dollar Is Causing Chaos in Emerging Markets: QuickTake: Emerging-market currencies have tumbled this year as the dollar has gone from strength to ...
bloomberg.com/news/articles/2024-04-16/why-the-dollar-is-causing-chaos-in-emerging-markets-quicktake
Paid articlePaid Tesla Stock Is Rising as Selling Pressure Eases. Cathie Wood Is Buying.: Tesla stock has fallen 11% this month.
barrons.com/articles/tesla-stock-buy-sell-cathie-wood-18592475
Paid articlePaid US Consumer Prices Rose More Than Expected in March
bloomberg.com/news/live-blog/2024-04-10/us-cpi-report-for-march
Musk speaks out against effort to ban TikTok: ‘Not what America stands for’: Billionaire tech mogul Elon Musk spoke out against the effort to ban TikTok in the U ...
thehill.com/policy/technology/4606395-musk-speaks-out-against-effort-to-ban-tiktok/
Quick Glance: ByteDance Given 24 Hours to Provide DSA Risk Assessment for TikTok Lite
- The EU demands TikTok owner ByteDance to submit a risk assessment for TikTok Lite within 24 hours to address compliance questions related to the Digital Services Act.
- EU's concerns focus on the launch of TikTok Lite, especially on a reward-linked engagement feature that could have a negative impact on young people's mental health.
- The EU has requested TikTok to provide more information on the risk assessment of the new program and the measures to mitigate systemic risks.
- The company has until April 26 to provide additional information before the EU decides on potential further steps, such as a formal investigation.
Tesla's Layoffs Won't Solve Its Growing Pains: The car company popularized EVs. Now, facing intense competition from China, it has to figure out what to do next.
wired.com/story/tesla-robotaxi-pivot-china/
Home Renovations Boom Thanks to Higher US Mortgage Rates: Homeowners are staying put, and remodeling everything from bathrooms to kitchens.
bloomberg.com/news/features/2024-04-19/home-renovations-boom-thanks-to-higher-us-mortgage-rates
Paid articlePaid Xi Orders China’s Biggest Military Reorganization Since 2015: Chinese President Xi Jinping has ordered what amounts to the biggest reorganization of the nation’s ...
bloomberg.com/news/articles/2024-04-19/xi-orders-china-s-biggest-military-reorganization-since-2015
Paid articlePaid Tesla whistleblower in legal battle over braking-safety concerns: A former Tesla engineer is in a decade-long battle with the car company, owned by Elon Musk.
bbc.com/news/articles/cg3q95ednqwo
US Rent Inflation Looms Over Potential Interest-Rate Cut: Rent increases are taking longer to moderate in the Northeast and Midwest than in the West and South.
bloomberg.com/news/articles/2024-04-18/us-rent-inflation-looms-over-potential-interest-rate-cut
Paid articlePaid Elon Musk’s Grok keeps making up fake news based on X users’ jokes: X likely hopes to avoid liability with disclaimer that Grok "can make mistakes."
arstechnica.com/tech-policy/2024/04/elon-musks-grok-keeps-making-up-fake-news-based-on-x-users-jokes/
UK Retail Sales Disappoint in Sign of Lackluster Recovery: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market ...
bloomberg.com/news/newsletters/2024-04-19/uk-retail-sales-disappoint-in-sign-of-lackluster-recovery
Australia Mining Stocks Trail Dragged by Iron Ore, China Bumpy Recovery: The performance of Australia’s mining stocks is lagging their global peers by the the ...
bloomberg.com/news/articles/2024-04-18/australian-miner-stocks-trail-global-peers-as-iron-ore-drags
Paid articlePaid Share Your Experience With Moving, Mortgage Rates In The US: Surveys show Americans are reluctant to move these days. Have you decided recently on a move ...
bloomberg.com/news/articles/2024-04-18/share-your-experience-with-moving-mortgage-rates-in-the-us
Fed’s Rate-Cut Delay, Explained: What It Means for US and World: The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza ...
bloomberg.com/news/articles/2024-04-19/fed-s-rate-cut-delay-explained-what-it-means-for-us-and-world
Israel-Iran: Another Mideast Shock for Markets: The revenge cycle shows no sign of letting up. Now, Tehran will weigh the level of escalation.
bloomberg.com/opinion/articles/2024-04-19/israel-iran-another-mideast-shock-for-markets
Paid articlePaid China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
Bank of England Interest Rate Cuts Ahead of UK Election Aren't a Sure Thing: Voters may end up going to the polls with the Bank of England rate still ...
bloomberg.com/news/newsletters/2024-04-17/bank-of-england-interest-rate-cuts-ahead-of-uk-election-aren-t-a-sure-thing
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
You Shouldn’t Be So Happy About Your Tax Refund. Here’s Why: I just wrote out a big check and got nothing in return.
bloomberg.com/news/newsletters/2024-04-18/you-shouldn-t-be-so-happy-about-your-tax-refund-here-s-why
Frenemies: The Bloomberg Close, Americas Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-19/frenemies-the-bloomberg-close-americas-edition
Paid articlePaid Stock Market Today: Dow, S&P Live Updates for April 19: A selloff in the world’s largest technology companies hit stocks, with the industry that has powered the ...
bloomberg.com/news/articles/2024-04-18/stock-market-today-dow-s-p-live-updates
Ireland’s Prime Minister Simon Harris Dukes It Out on TikTok: Welcome to the weekend issue of Brussels Edition, Bloomberg’s daily briefing on what matters most ...
bloomberg.com/news/newsletters/2024-04-20/ireland-s-prime-minister-simon-harris-dukes-it-out-on-tiktok
Malaysia Economic Growth Accelerates, Signaling Recovery in 2024: Malaysia’s economy quickened by the most in a year, signaling that firmer recovery is underway ...
bloomberg.com/news/articles/2024-04-19/malaysia-s-growth-accelerates-signaling-recovery-in-2024
Paid articlePaid Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
reuters.com/business/autos-transportation/hyundai-pauses-ads-x-over-brand-safety-issues-2024-04-19/
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bloomberg.com/news/articles/2024-04-18/pboc-s-easier-grip-on-yuan-may-stem-from-trade-weighted-strength
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