Fed to raise interest rates once more in third quarter, then done: Reuters poll

Fed to raise interest rates once more in third quarter, then done: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve will remain patient for a little longer than thought just last month, waiting until the third quarter before raising rates once more, and then stay on the sidelines, a Reuters poll of economists showed. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee... Read More

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March 14, 2019. Tesla Motors/Handout via... Read More

Tesla unveils Model Y SUV as electric vehicle competition heats up

Tesla unveils Model Y SUV as electric vehicle competition heats up
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March 14, 2019. Tesla Motors/Handout via... Read More

Tesla to unveil Model Y SUV as electric vehicle competition heats up

Tesla to unveil Model Y SUV as electric vehicle competition heats up
SAN FRANCISCO (Reuters) – Tesla Inc will unveil its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly... Read More

U.S. data underscores slowing growth, muted inflation

U.S. data underscores slowing growth, muted inflation
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February. FILE PHOTO: Job seekers speak with potential employers at a City of Boston Neighborhood Career Fair on May Day in Boston,... Read More

DoubleLine’s Jeffrey Gundlach calls Modern Monetary Theory a ‘crackpot’ idea

DoubleLine’s Jeffrey Gundlach calls Modern Monetary Theory a ‘crackpot’ idea
(Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a “crackpot” idea. FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid Gundlach, who oversees more than $123... Read More