Mon, 05 Feb 2024. Honestly, I did not see it coming - the way US market behaved on the start of February’s 2nd trading week. Fell, it did — led downward by the tech-heavy Nasdaq Composite, as investors grew increasingly cautious of rising bond yields. Was it really investors’ taking profits after rousing new heights scaled by the S&P 500 index consecutively for the past few weeks? CBS - 60 Minutes, starring Jerome Powel. Perhaps it was Mr Jerome Powell’s hour long interviews on CBS’s current affairs program “60 Minutes”, aired on Sun, 04 Feb 2024 that spooked US market and encouraged investors to take profit while still ahead ? (see above) Key takeaways: Fed Chair Jerome Powell vowed that the central bank will proceed carefully with interest rate cuts in 2024. He iterated again, “We
Mon, 05 Feb 2024. Honestly, I did not see it coming - the way US market behaved on the start of February’s 2nd trading week. Fell, it did — led downward by the tech-heavy Nasdaq Composite, as investors grew increasingly cautious of rising bond yields. Was it really investors’ taking profits after rousing new heights scaled by the S&P 500 index consecutively for the past few weeks? CBS - 60 Minutes, starring Jerome Powel. Perhaps it was Mr Jerome Powell’s hour long interviews on CBS’s current affairs program “60 Minutes”, aired on Sun, 04 Feb 2024 that spooked US market and encouraged investors to take profit while still ahead ? (see above) Key takeaways: Fed Chair Jerome Powell vowed that the central bank will proceed carefully with interest rate cuts in 2024. He iterated again, “We
Tesla Launches New and Cheaper Model S and X Cars in US
Aug 14 (Reuters) - Tesla introduced new standard range Model S and Model X cars in the United States, priced at $78,490 and $88,490, respectively, the electric carmaker's website showed on Monday. (Reporting by Mrinmay Dey in Bengaluru; Editing by Rashmi Aich)((Mrinmay.Dey@thomsonreuters.com;))