Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
The Federal Reserve pays close attention to the personal consumption expenditures price index, which rose by 0.3% for May, excluding food and energy. This rise was on par with the estimate provided by Dow Jones. The so-called core PCE recorded a 4.6% increase from the previous year, which was 0.
Sara Montes de Oca · 1177 DAYS AGO
Powell, while participating in a monetary policy discussion in Sintra, Portugal, suggested, “We foresee further constraints ahead”. He attributed this to a robust labor market.
Sara Montes de Oca · 1179 DAYS AGO
TikTok's CEO, Shou Zi Chew, disclosed Pappas's forthcoming exit in a corporate memo, which was accessed by The Hill. He mentioned that Pappas would now be shifting her focus towards pursuing "entrepreneurial passions."
Jay Goldberg · 1181 DAYS AGO
The forthcoming job reductions are set to target staff in both the electric vehicle (EV) and software divisions, as well as those involved in Ford's gas-engine operations.
TechEchelon Staff · 1181 DAYS AGO
Rivian disclosed plans for the release of an adapter to facilitate charging of its EVs on Tesla’s fast-charging network, anticipated by spring 2024. Furthermore, the company plans to integrate Tesla’s North American Charging Standard (NACS) charge ports into its cars by 2025.
TechEchelon Staff · 1187 DAYS AGO
While a potential U.S. CBDC remains a subject of governmental discussion, there is a widespread convergence of mainstream Republicans, Silicon Valley libertarians, and anti-establishment leftists opposing this idea, fueled by worries over privacy and increased government control.
Sara Montes de Oca · 1187 DAYS AGO
Despite earning billions in additional net income and allocating over a trillion dollars to affluent investors, large food industry corporations within the S&P have continued to increase consumer prices, revealed Liz Zelnick, the director of economic security and corporate power at Accountable.US.
Sara Montes de Oca · 1187 DAYS AGO
Over the years, American businesses have tested the concept of a four-day workweek, typically in response to economic downturns. However, the idea has become more popular recently.
Sara Montes de Oca · 1191 DAYS AGO
According to data from Go Comet, median delay times are on the rise in several key West Coast ports, including Los Angeles, Seattle, and Long Beach, with Seattle wait times now exceeding one week. Experts analysing the data report a rapid surge in shipping container rates on the West Coast.
Sara Montes de Oca · 1196 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.