Tesla CEO Elon Musk said in an interview with CNBC’s David Faber on Tuesday that he believes the Fed was too slow to increase rates, and it will likely be too slow to lower...
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Tesla raises starting price of Model Y in China after recent price cuts
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | via Reuters Tesla has increased the starting price of...
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What to expect from airfare to and from Asia this year
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Globally, airfare is expected to increase in 2023, according to a new report by American Express Global Business Travel. But some...
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5 Minutes
Here’s why egg prices surged in 2022. Those elevated costs could last into the first quarter of 2023, expert says
D3sign | Moment | Getty Images The surge in egg prices has stood out in a year when Americans saw their bills balloon across the grocery store. Average egg prices jumped 49.1% in November...
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3 Minutes
Inflation was 2022’s big theme. These could be next year’s megatrends
This year, markets have been ruled by hot inflation, with investors flocking to stocks that benefit from rising prices. “The surge in inflation has been a dominant—if not the dominant—financial market theme of 2022,”...
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3 Minutes
Gold at $4,000? Analysts share their 2023 outlook as inflation, recession fears linger
Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital. The...
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1 Minute
Asia markets fall after Fed raises rates by 50 basis points, signals more hikes next year
Fed announces 50 point rate hike The Fed announced it will raise interest rates by 50 basis points, marking an end to the pattern of 75 point hikes seen in recent months. Before this...
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1 Minute
2-year Treasury yield rises after Fed raises rates by half a point, indicates more hikes
The yield on the 2-year Treasury rose Wednesday after the Federal Reserve delivered a widely expected 50 basis point rate hike and indicated that it will continue raising rates to tame inflation. The 2-year...
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5 Minutes
Fed raises interest rates half a point to highest level in 15 years
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately. Keeping with expectations,...
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2 Minutes
Stock futures are flat as investors await Wednesday’s Federal Reserve rate hike decision
Stock futures were flat Tuesday evening as investors await the Federal Reserve’s latest interest rate hike decision in its effort to crush inflation, set to be delivered on Wednesday. Dow Jones Industrial Average futures...
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