stock as a potential bargain, and warned the Federal Reserve has hiked interest rates way too high, given prices appear to be declining. Wednesday that Musk might be partly responsible for the 64% plunge in Tesla's stock price since April, which has wiped over $600 billion from the electric-vehicle company's market capitalisation., before taking aim at the US central bank.
Inflation surged to a 40-year high of 9.1% in June, and remained north of 7% in November, well above the Fed's annual target of 2%. The central bank has responded by hiking interest rates from virtually zero in March to over 4% today, in an effort to cool demand and curb the pace of price increases.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BISouthAfrica - 🏆 34. / 51 Read more »