Economy – WallStreetReview

Far-flung job offers pose tough choices for GM Ohio workers

March 18, 2019 WallStreetReview

TOLEDO, Ohio (Reuters) – General Motors Co built the final Chevrolet Cruze small car at its Lordstown, Ohio, assembly plant on March 6, despite demands from President Donald Trump, Ohio political leaders and the United Auto Workers union not to close the plant and leave nearly 1,500 workers laid off. General Motors production worker Dina Mays works on the 10-speed... Read More

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

March 15, 2019 WallStreetReview

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

March 15, 2019 WallStreetReview

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

March 15, 2019 WallStreetReview

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

March 14, 2019 WallStreetReview

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

March 14, 2019 WallStreetReview

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

Asia shares stumble, sterling at mercy of yet another vote

March 13, 2019 WallStreetReview

SYDNEY (Reuters) – Asian shares drifted lower on Wednesday as a risk-off mood settled on markets, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening ceremony at the... Read More

Asian shares drift lower, sterling awaits its fate

March 12, 2019 WallStreetReview

SYDNEY (Reuters) – Asian share markets were mostly in the red on Wednesday as a risk-off mood gripped investors, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening... Read More

Asian shares subdued, sterling awaits its fate

March 12, 2019 WallStreetReview

SYDNEY (Reuters) – Asian share markets got off to a subdued start on Wednesday after a mixed finish on Wall Street, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after the New... Read More

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

March 12, 2019 WallStreetReview

(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