Wall Street's benchmark S&P 500 index declined for another day Monday after a Federal Reserve official rattled investors last week by saying already-elevated interest rates might have to go higher than expected to stop surging inflation.
The electric automaker’s shares are down more than 50% this year on fears CEO Elon Musk will be distracted by his $44 billion purchase of Twitter. U.S. markets close Thursday for the Thanksgiving holiday and have a shortened trading day Friday. They expect the Fed to raise rates again at its December meeting but by one-half percentage point after four hikes of 0.75 percentage points, three times its usual margin.
Nice work President Biden to bring down inflation. Thank you.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »