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Just one day after August’s disappointing Consumer Price Index report triggered a meltdown on Wall Street, a separate inflation report indicated that wholesale price increases are showing signs of improvement. Read more… In or out: Ford gives dealers ultimatum on EV sales Ford CEO Jim Farley told the brand’s dealers on Tuesday in Las Vegas
The rate of inflation was higher than expected in August, suggesting that inflation is far from under control. Continued interest rate hikes from the Federal Reserve are also likely. Read more… Twitter shareholders vote in favor of Elon Musk’s $44 billion takeover deal Elon Musk may be fighting tooth-and-nail to get out of his deal
Americans are expecting inflation to fall sharply in both the short and long run, according to new data from the Federal Reserve Bank of New York. Read more… Starbucks to unveil ‘reinvention’ strategy at investor day on Tuesday Starbucks is expected to unveil a reinvention plan Tuesday as the coffee giant grapples with changing consumer
Electric car giant Tesla is evaluating the feasibility of a lithium hydroxide refining facility on the gulf coast of Texas. Read more… Trump media merger isn’t dead yet after deal gets a lifeline Digital World Acquisition Corp., the blank-check firm seeking to merge with former President Donald Trump’s media venture, announced Friday it will avoid
Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. Read more… European Central Bank sets record rate hike to fight energy price shock The European Central Bank is hiking interest
Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most. Read more… Cineworld, the world’s second largest movie theater chain, files for bankruptcy Cineworld Group — the world’s second largest movie theater chain and owner of Regal Cinemas — said Wednesday that
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