This is ‘the end of the beginning’ of the battle against inflation, economist says
Top Societe Generale economist Kokou Agbo-Bloua said: “The central banks need to trigger a recession … but we’re not there yet.”
Financial News
Yellen says ‘direct’ and ‘productive’ Beijing talks a step forward in putting U.S.-China ties on ‘surer footing’
Yellen is the second member of the Biden administration to visit Beijing after Secretary of State Antony Blinken’s visit last month.
U.S. soccer star Megan Rapinoe announces retirement
U.S. soccer star Megan Rapinoe on Saturday announced she is retiring from the sport.
Meta’s Twitter rival Threads explodes to 70 million signups one day after launch
The text-based social media product already has 70 million sign-ups, Meta CEO Mark Zuckerberg said on Friday.
Mark Zuckerberg’s Twitter rival passed 30 million signups overnight — here’s how to use Meta’s Threads app and what’s missing
Threads looks very similar to Twitter and connects automatically to a user’s Instagram account.
Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
The Federal Reserve on Wednesday released the minutes from its June 13-14 meeting.
Air travel chaos in Europe could be over — but higher ticket prices are here to stay
Last summer’s levels of disruption might be “largely behind us,” but don’t expect ticket prices to drop any time soon.
Tesla shares rise nearly 7% after delivery and production numbers beat expectations
Tesla shares closed 6.9% higher Monday, driven in part by stronger-than-expected second-quarter deliveries and production numbers.
Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles
Tesla just posted its second-quarter vehicle production and deliveries report for 2023.
West Coast port workers in Canada officially begin strike
The union delivered notice of its strike, which was approved by members last month, earlier this week.