Category Archives: Economy

Central Banks Around The World Worry Omicron Could Hurt Their Economies.

First American News LLC- Raleigh NC: The Omicron variant is circling the globe, closing borders and sparking new restrictions on economic activity. Yet central banks, instead of loosening monetary policy to prop up their economies as they did at the start of the pandemic, are moving to unwind stimulus and raise interest rates. The moves […]

Elon Musk Enters the Home Stretch of His Tesla Share Sales

First American News, Raleigh, NC: Elon Musk offloaded the second batch of Tesla Inc. shares in a matter of days and is now three-quarters of the way done selling 10% of his stake in the company. Tesla’s chief executive officer got rid of 934,091 shares for more than $884 million, according to regulatory filings dated Thursday. The […]

Tesla Stock News, NIO, and Other EV Stocks Have Ben Saved by the Fed

First American News LLC, Raleigh NC: Shares of electric-vehicle producers started out getting hammered Wednesday—that much was easy to see. Why the stocks dropped was harder to figure out. It seemed to be a combination of a few factors. But things turned around late in the day. Investors can thank one of the reasons stocks were down: The Fed. […]

The Federal Reserve is Projecting a Rate Rise Over the Next Year

Reducing bond-buying programs more quickly opens door to an earlier interest rate rise Fed officials voted to hold rates near zero on Wednesday, but the latest projections are a significant shift from just three months ago. In September, around half of those officials thought rate increases wouldn’t be warranted until 2023. It is the latest […]