Tesla Inc. has reportedly instructed workers on Model Y and Cybertruck production lines at its Austin factory to stay home during Memorial Day week, marking an unusually extended break as the automaker grapples with declining deliveries.
This week, Federal Reserve Chair Jerome Powell and the Federal Open Market Committee (FOMC) held the federal funds rate within the target range of 4.25 percent and 4.50 percent.
Citadel founder Ken Griffin is sounding the alarm on President Donald Trump's tariff policies, warning they have "unleashed an era of crony capitalism" where the government picks winners and losers in the economy.
According to industry experts, there’s one big reason why tariffs aren’t helping on-shore aluminum production – and that’s discouragingly high electricity prices in the United States.
Cryptocurrency analyst Michaël van de Poppe identified a potentially significant market signal Friday, noting that altcoins could be poised for a dramatic recovery against Bitcoin (CRYPTO: BTC).
Texas lawmakers have passed legislation that would significantly reduce small shareholders' influence over corporations, potentially offering companies like Tesla Inc. a shield from legal challenges that have plagued them in Delaware.
We’ve been getting ambiguous signals in the economic data. On one hand, the soft, sentiment-oriented data has been disappointing. On the other hand, the hard data, which reflects actual activity, has been strong.
You can't cut taxes and RAISE spending and expect the fiscal situation to improve. It will get worse much faster, which is maybe part of what gold is telling the US government right now.
Markets head into the weekend locked and loaded. Yet, there is a sense of apprehension surrounding the so-called Swiss Mini-Summit or the “ Geneva Convention”.
