Elon Musk Does Not Fear A Recession

Elon Musk Does Not Fear A Recession

Elon Musk makes the news. He is everywhere. The chief executive officer of premium electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report is somewhat reminiscent of former Republican President Donald Trump when the latter was in office. Like Trump, Twitter is Musk’s main communication channel. Like the real estate developer, the tech tycoon … Read more

House Democrats to hold hearings, introduce legislation

House Democrats to hold hearings, introduce legislation

House Democrats will hold hearings on the baby formula shortage in the US, and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are safe for infants to consume. Rep. Rosa DeLauro, chair of the House Appropriations Committee, introduced legislation on Tuesday that would provide the FDA … Read more

What experts say to do if inflation has you worried about retirement

What experts say to do if inflation has you worried about retirement

Geber86 | E + | Getty Images Inflation may have you worried about your retirement. Prices have been rising on everything from food to housing. In April, the consumer price index, which measures the prices of goods and services, notched an 8.3% increase from the year-earlier period. In fact, 70% of Americans are calling inflation … Read more

Fed Chair Jay Powell warns there will be ‘SOME PAIN’ from efforts to tackle crippling inflation

Fed Chair Jay Powell warns there will be ‘SOME PAIN’ from efforts to tackle crippling inflation

Federal Reserve chair Jay Powell issued a stark warning to Americans already struggling with crippling price rises: There will be more pain ahead as the central bank tries to bring down inflation without plunging the economy into recession. The Fed has begun raising interest rates to slow borrowing and spending enough to cool inflation, which … Read more

Novavax confident Covid vaccine will receive FDA authorization in June after delays

Novavax confident Covid vaccine will receive FDA authorization in June after delays

Novavax is confident its Covid-19 vaccine will receive the endorsement of the Food and Drug Administration’s advisory committee early this summer, executives said this week. The FDA committee is scheduled to meet on June 7 to review Novavax’s submission. An endorsement from the committee, which is made up of independent experts, would mean the drug … Read more

Strategist says market may become a ‘meat-grinder of forlorn hope’

Strategist says market may become a ‘meat-grinder of forlorn hope’

LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation – at the risk of quashing growth as the global economy suffers concurrent hits from … Read more

After the Covid era boom, newly public tech stocks hit first major hurdles

After the Covid era boom, newly public tech stocks hit first major hurdles

It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash. After a pandemic-fueled boom sent tech names soaring, many of those businesses have seen the worst six months of their lives as publicly traded companies. Peloton, the exercise startup, … Read more

Your cash savings may get a higher return but only at certain banks

Your cash savings may get a higher return but only at certain banks

Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash – good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not budge … Read more

Money moves to make before the Fed hikes interest rates again

Money moves to make before the Fed hikes interest rates again

The Federal Reserve is among Western central banks fighting stubbornly high inflation. Xinhua News Agency | Xinhua News Agency | Getty Images For the first time in years, Americans are in a period of rising interest rates. The Federal Reserve on Wednesday raised its benchmark rate to a half-point, to cool down inflation that’s the … Read more

Office demand comes roaring back as stocks in the space play catch-up

Office demand comes roaring back as stocks in the space play catch-up

If you’re not back to the office already, you may be soon. After a five-month lull, likely due to the extremely contagious omicron variant of the coronavirus, new demand for office space jumped in March. Barring another major setback in the pandemic, it will likely continue to rise, but offices themselves will undergo a makeover … Read more