*Tesla bulls say electric vehicle demand is soaring. Here's what's really happening*
The electric vehicle narrative of late has been a simple one of slowing demand and cooling interest. Hertz is slowing the electrification of its rental fleets, citing rising costs and poor resale value. General Motors GM has scrapped EV plans, pushed back EV production targets and postponed the production of its coming EV lineup. Ford F, after its EV sector lost $1.3 billion in the third quarter, said it is delaying up to $12 billion in EV investments. Toyota TM, meanwhile is pointing toward the value of hybrids in the present climate even as Tesla TSLA remains engaged in a price-slashing effort to entice new consumers. Related: Ex-Ford CEO warns of fierce challenge ahead for electric vehicles Despite these cautious indications across the auto sector, several bullish Tesla investors remain unconvinced. Citing a recent chart by EV-Volumes, Gary Black, managing partner of the Future Fund, said Nov. 8 that "global EV adoption continues to increase," hitting a record 11.8% in the third-quarter of the year, above the 10.7% it hit in the previous quarter. Black expects EV adoption to hit 13% in the fourth quarter of 2023. Let’s start by setting the EV market scene. Contrary to what the finance media wants you to believe, EV adoption is soaring
[Read more...](https://www.thestreet.com/electric-vehicles/tesla-bulls-electric-vehicle-demand-mass-adoption-curve-evs)
The electric vehicle narrative of late has been a simple one of slowing demand and cooling interest. Hertz is slowing the electrification of its rental fleets, citing rising costs and poor resale value. General Motors GM has scrapped EV plans, pushed back EV production targets and postponed the production of its coming EV lineup. Ford F, after its EV sector lost $1.3 billion in the third quarter, said it is delaying up to $12 billion in EV investments. Toyota TM, meanwhile is pointing toward the value of hybrids in the present climate even as Tesla TSLA remains engaged in a price-slashing effort to entice new consumers. Related: Ex-Ford CEO warns of fierce challenge ahead for electric vehicles Despite these cautious indications across the auto sector, several bullish Tesla investors remain unconvinced. Citing a recent chart by EV-Volumes, Gary Black, managing partner of the Future Fund, said Nov. 8 that "global EV adoption continues to increase," hitting a record 11.8% in the third-quarter of the year, above the 10.7% it hit in the previous quarter. Black expects EV adoption to hit 13% in the fourth quarter of 2023. Let’s start by setting the EV market scene. Contrary to what the finance media wants you to believe, EV adoption is soaring
[Read more...](https://www.thestreet.com/electric-vehicles/tesla-bulls-electric-vehicle-demand-mass-adoption-curve-evs)
TheStreet
Tesla bulls say electric vehicle demand is soaring. Here's what's really happening
EV demand seems to be slowing. But different datasets are telling very different stories.
Tesla bulls say electric vehicle demand is soaring. Here's what's really happening
The electric vehicle narrative of late has been a simple one of slowing demand and cooling interest. Hertz is slowing the electrification of its rental fleets, citing rising costs and poor resale value. General Motors GM has scrapped EV plans, pushed back EV production targets and postponed the production of its coming EV lineup. Ford F, after its EV sector lost $1.3 billion in the third quarter, said it is delaying up to $12 billion in EV investments. Toyota TM, meanwhile is pointing toward the value of hybrids in the present climate even as Tesla TSLA remains engaged in a price-slashing effort to entice new consumers. Related: Ex-Ford CEO warns of fierce challenge ahead for electric vehicles Despite these cautious indications across the auto sector, several bullish Tesla investors remain unconvinced. Citing a recent chart by EV-Volumes, Gary Black, managing partner of the Future Fund, said Nov. 8 that "global EV adoption continues to increase," hitting a record 11.8% in the third-quarter of the year, above the 10.7% it hit in the previous quarter. Black expects EV adoption to hit 13% in the fourth quarter of 2023. Let’s start by setting the EV market scene. Contrary to what the finance media wants you to believe, EV adoption is soaring
Read more...
The electric vehicle narrative of late has been a simple one of slowing demand and cooling interest. Hertz is slowing the electrification of its rental fleets, citing rising costs and poor resale value. General Motors GM has scrapped EV plans, pushed back EV production targets and postponed the production of its coming EV lineup. Ford F, after its EV sector lost $1.3 billion in the third quarter, said it is delaying up to $12 billion in EV investments. Toyota TM, meanwhile is pointing toward the value of hybrids in the present climate even as Tesla TSLA remains engaged in a price-slashing effort to entice new consumers. Related: Ex-Ford CEO warns of fierce challenge ahead for electric vehicles Despite these cautious indications across the auto sector, several bullish Tesla investors remain unconvinced. Citing a recent chart by EV-Volumes, Gary Black, managing partner of the Future Fund, said Nov. 8 that "global EV adoption continues to increase," hitting a record 11.8% in the third-quarter of the year, above the 10.7% it hit in the previous quarter. Black expects EV adoption to hit 13% in the fourth quarter of 2023. Let’s start by setting the EV market scene. Contrary to what the finance media wants you to believe, EV adoption is soaring
Read more...
TheStreet
Tesla bulls say electric vehicle demand is soaring. Here's what's really happening
EV demand seems to be slowing. But different datasets are telling very different stories.
*A United passenger made a hilarious accusation about the tequila in his bag*
As many newbie travelers discover too late at the airport, bringing a bottle of wine or liquor home from a trip is not nearly as simple as just buying it at the store and bringing it aboard the plane. Since flying rules only allow alcohol purchased in the duty-free store or served during the flight inside the cabin, one has to pack anything purchased elsewhere inside checked luggage. An additional level of complication when it comes to weight limits, the risk of breakage or, as one traveler alleges, even staff who may be tempted by what they find inside during an inspection.Related: Woman Banned From United Airlines For Diverting Flight 'Over Wine' Earlier this week, traveler Rich "Mac" McLaurin wrote of his experience flying with United Airlines UAL on X, the social media platform formerly known as Twitter. Without elaborating on the details of where he was traveling, McLaurin said that he found that a bottle of tequila he packed in his checked baggage for the flight was missing a "shot" when he arrived back home. So an employee at @united went in my luggage, crack open my bottle, took a shot & put it back.
[Read more...](https://www.thestreet.com/travel/united-passenger-suitcase-missing-tequila)
As many newbie travelers discover too late at the airport, bringing a bottle of wine or liquor home from a trip is not nearly as simple as just buying it at the store and bringing it aboard the plane. Since flying rules only allow alcohol purchased in the duty-free store or served during the flight inside the cabin, one has to pack anything purchased elsewhere inside checked luggage. An additional level of complication when it comes to weight limits, the risk of breakage or, as one traveler alleges, even staff who may be tempted by what they find inside during an inspection.Related: Woman Banned From United Airlines For Diverting Flight 'Over Wine' Earlier this week, traveler Rich "Mac" McLaurin wrote of his experience flying with United Airlines UAL on X, the social media platform formerly known as Twitter. Without elaborating on the details of where he was traveling, McLaurin said that he found that a bottle of tequila he packed in his checked baggage for the flight was missing a "shot" when he arrived back home. So an employee at @united went in my luggage, crack open my bottle, took a shot & put it back.
[Read more...](https://www.thestreet.com/travel/united-passenger-suitcase-missing-tequila)
TheStreet
A United passenger made a hilarious accusation about the tequila in his bag
'I should've known something was up when my s**t was unzipped,' the traveler wrote on X.
A United passenger made a hilarious accusation about the tequila in his bag
As many newbie travelers discover too late at the airport, bringing a bottle of wine or liquor home from a trip is not nearly as simple as just buying it at the store and bringing it aboard the plane. Since flying rules only allow alcohol purchased in the duty-free store or served during the flight inside the cabin, one has to pack anything purchased elsewhere inside checked luggage. An additional level of complication when it comes to weight limits, the risk of breakage or, as one traveler alleges, even staff who may be tempted by what they find inside during an inspection.Related: Woman Banned From United Airlines For Diverting Flight 'Over Wine' Earlier this week, traveler Rich "Mac" McLaurin wrote of his experience flying with United Airlines UAL on X, the social media platform formerly known as Twitter. Without elaborating on the details of where he was traveling, McLaurin said that he found that a bottle of tequila he packed in his checked baggage for the flight was missing a "shot" when he arrived back home. So an employee at @united went in my luggage, crack open my bottle, took a shot & put it back.
Read more...
As many newbie travelers discover too late at the airport, bringing a bottle of wine or liquor home from a trip is not nearly as simple as just buying it at the store and bringing it aboard the plane. Since flying rules only allow alcohol purchased in the duty-free store or served during the flight inside the cabin, one has to pack anything purchased elsewhere inside checked luggage. An additional level of complication when it comes to weight limits, the risk of breakage or, as one traveler alleges, even staff who may be tempted by what they find inside during an inspection.Related: Woman Banned From United Airlines For Diverting Flight 'Over Wine' Earlier this week, traveler Rich "Mac" McLaurin wrote of his experience flying with United Airlines UAL on X, the social media platform formerly known as Twitter. Without elaborating on the details of where he was traveling, McLaurin said that he found that a bottle of tequila he packed in his checked baggage for the flight was missing a "shot" when he arrived back home. So an employee at @united went in my luggage, crack open my bottle, took a shot & put it back.
Read more...
TheStreet
A United passenger made a hilarious accusation about the tequila in his bag
'I should've known something was up when my s**t was unzipped,' the traveler wrote on X.
*This wild Las Vegas attraction just lost nearly $100 million*
Madison Square Garden's Sphere Entertainment SPHR opened its latest attraction on the Las Vegas Strip — the Sphere — with a bang on Sept. 29. The new venue was broken-in by rock band U2, which began a 36-show run on Sept. 29. "Sphere's opening in Las Vegas in September represented a significant milestone, generating worldwide attention and marking the beginning of a new chapter for our Company," CEO James Dolan said in a statement. "We are building positive momentum across Sphere and remain confident that we are well positioned to drive long-term value for shareholders."Related: Las Vegas Strip brings surprise superstar legend for new venue Reporting earnings for its first fiscal quarter of 2024, the company said that the Sphere reported revenue of $7.8 million; the company additionally reported direct operating expenses of $7.8 million for the quarter, which included venue operating costs and event-related expenses. In total, the Sphere reported a first quarter operating loss of $98.4 million, nearly a $20 million increase from the year-ago period. But in between the Sphere's splashy opening and the release of its first quarter earnings report, the CFO for the company — Gautam Ranji — left his position last week after a one-sided shouting match with Dolan, according to the New York Post. Ranji, who had served in his role for less than a year, left effective Nov. 3, according to an SEC filing. "His departure from the Company is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls," the company said in the filing. According to the Post, Dolan was "yelling and screaming" at Ranji during a meeting, at which point Ranji "calmly" left and gave put in notice of his resignation. Sphere Entertainment maintained in a statement that Ranji's departure was not the result of a disagreement with "any member of management." Sphere's stock jumped more than 6% Thursday. Shares in the company are still down around 25% for the year. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/entertainment/las-vegas-sphere-earnings-report-attraction)
Madison Square Garden's Sphere Entertainment SPHR opened its latest attraction on the Las Vegas Strip — the Sphere — with a bang on Sept. 29. The new venue was broken-in by rock band U2, which began a 36-show run on Sept. 29. "Sphere's opening in Las Vegas in September represented a significant milestone, generating worldwide attention and marking the beginning of a new chapter for our Company," CEO James Dolan said in a statement. "We are building positive momentum across Sphere and remain confident that we are well positioned to drive long-term value for shareholders."Related: Las Vegas Strip brings surprise superstar legend for new venue Reporting earnings for its first fiscal quarter of 2024, the company said that the Sphere reported revenue of $7.8 million; the company additionally reported direct operating expenses of $7.8 million for the quarter, which included venue operating costs and event-related expenses. In total, the Sphere reported a first quarter operating loss of $98.4 million, nearly a $20 million increase from the year-ago period. But in between the Sphere's splashy opening and the release of its first quarter earnings report, the CFO for the company — Gautam Ranji — left his position last week after a one-sided shouting match with Dolan, according to the New York Post. Ranji, who had served in his role for less than a year, left effective Nov. 3, according to an SEC filing. "His departure from the Company is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls," the company said in the filing. According to the Post, Dolan was "yelling and screaming" at Ranji during a meeting, at which point Ranji "calmly" left and gave put in notice of his resignation. Sphere Entertainment maintained in a statement that Ranji's departure was not the result of a disagreement with "any member of management." Sphere's stock jumped more than 6% Thursday. Shares in the company are still down around 25% for the year. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/entertainment/las-vegas-sphere-earnings-report-attraction)
TheStreet
This wild Las Vegas attraction just lost nearly $100 million
The company's stock jumped more than 5% Thursday.
This wild Las Vegas attraction just lost nearly $100 million
Madison Square Garden's Sphere Entertainment SPHR opened its latest attraction on the Las Vegas Strip — the Sphere — with a bang on Sept. 29. The new venue was broken-in by rock band U2, which began a 36-show run on Sept. 29. "Sphere's opening in Las Vegas in September represented a significant milestone, generating worldwide attention and marking the beginning of a new chapter for our Company," CEO James Dolan said in a statement. "We are building positive momentum across Sphere and remain confident that we are well positioned to drive long-term value for shareholders."Related: Las Vegas Strip brings surprise superstar legend for new venue Reporting earnings for its first fiscal quarter of 2024, the company said that the Sphere reported revenue of $7.8 million; the company additionally reported direct operating expenses of $7.8 million for the quarter, which included venue operating costs and event-related expenses. In total, the Sphere reported a first quarter operating loss of $98.4 million, nearly a $20 million increase from the year-ago period. But in between the Sphere's splashy opening and the release of its first quarter earnings report, the CFO for the company — Gautam Ranji — left his position last week after a one-sided shouting match with Dolan, according to the New York Post. Ranji, who had served in his role for less than a year, left effective Nov. 3, according to an SEC filing. "His departure from the Company is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls," the company said in the filing. According to the Post, Dolan was "yelling and screaming" at Ranji during a meeting, at which point Ranji "calmly" left and gave put in notice of his resignation. Sphere Entertainment maintained in a statement that Ranji's departure was not the result of a disagreement with "any member of management." Sphere's stock jumped more than 6% Thursday. Shares in the company are still down around 25% for the year. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Madison Square Garden's Sphere Entertainment SPHR opened its latest attraction on the Las Vegas Strip — the Sphere — with a bang on Sept. 29. The new venue was broken-in by rock band U2, which began a 36-show run on Sept. 29. "Sphere's opening in Las Vegas in September represented a significant milestone, generating worldwide attention and marking the beginning of a new chapter for our Company," CEO James Dolan said in a statement. "We are building positive momentum across Sphere and remain confident that we are well positioned to drive long-term value for shareholders."Related: Las Vegas Strip brings surprise superstar legend for new venue Reporting earnings for its first fiscal quarter of 2024, the company said that the Sphere reported revenue of $7.8 million; the company additionally reported direct operating expenses of $7.8 million for the quarter, which included venue operating costs and event-related expenses. In total, the Sphere reported a first quarter operating loss of $98.4 million, nearly a $20 million increase from the year-ago period. But in between the Sphere's splashy opening and the release of its first quarter earnings report, the CFO for the company — Gautam Ranji — left his position last week after a one-sided shouting match with Dolan, according to the New York Post. Ranji, who had served in his role for less than a year, left effective Nov. 3, according to an SEC filing. "His departure from the Company is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls," the company said in the filing. According to the Post, Dolan was "yelling and screaming" at Ranji during a meeting, at which point Ranji "calmly" left and gave put in notice of his resignation. Sphere Entertainment maintained in a statement that Ranji's departure was not the result of a disagreement with "any member of management." Sphere's stock jumped more than 6% Thursday. Shares in the company are still down around 25% for the year. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
This wild Las Vegas attraction just lost nearly $100 million
The company's stock jumped more than 5% Thursday.
*See you in the gym bro*
submitted by /u/corazonmuerte to r/TikTokCringe [link] [comments]
[Read more...](https://www.reddit.com/r/TikTokCringe/comments/17rbn24/see_you_in_the_gym_bro/)
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[Read more...](https://www.reddit.com/r/TikTokCringe/comments/17rbn24/see_you_in_the_gym_bro/)
Reddit
From the TikTokCringe community on Reddit: See you in the gym bro
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*Over 1 in 4 Americans will be Latino by 2060, census projects*
submitted by /u/Grace_God to r/news [link] [comments]
[Read more...](https://www.reddit.com/r/news/comments/17re09o/over_1_in_4_americans_will_be_latino_by_2060/)
submitted by /u/Grace_God to r/news [link] [comments]
[Read more...](https://www.reddit.com/r/news/comments/17re09o/over_1_in_4_americans_will_be_latino_by_2060/)
Reddit
From the news community on Reddit: Over 1 in 4 Americans will be Latino by 2060, census projects
Explore this post and more from the news community
Over 1 in 4 Americans will be Latino by 2060, census projects
submitted by /u/GraceGod to r/news [link] [comments]
[Read more...](https://www.reddit.com/r/news/comments/17re09o/over1in4americanswillbelatinoby2060/)
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[Read more...](https://www.reddit.com/r/news/comments/17re09o/over1in4americanswillbelatinoby2060/)
Reddit
From the news community on Reddit: Over 1 in 4 Americans will be Latino by 2060, census projects
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*Let the shirt tugging commence!*
submitted by /u/PhenomenalPancake to r/tumblr [link] [comments]
[Read more...](https://www.reddit.com/r/tumblr/comments/17rg3ot/let_the_shirt_tugging_commence/)
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Reddit
From the tumblr community on Reddit: Let the shirt tugging commence!
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Let the shirt tugging commence!
submitted by /u/PhenomenalPancake to r/tumblr link comments
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Reddit
From the tumblr community on Reddit: Let the shirt tugging commence!
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*Donald Trump moves closer to losing Mar-a-Lago*
submitted by /u/devlinadl to r/politics [link] [comments]
[Read more...](https://www.reddit.com/r/politics/comments/17rge1e/donald_trump_moves_closer_to_losing_maralago/)
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[Read more...](https://www.reddit.com/r/politics/comments/17rge1e/donald_trump_moves_closer_to_losing_maralago/)
Reddit
From the politics community on Reddit: Donald Trump moves closer to losing Mar-a-Lago
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Donald Trump moves closer to losing Mar-a-Lago
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Reddit
From the politics community on Reddit: Donald Trump moves closer to losing Mar-a-Lago
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*She managed to walk a paralyzed cat!*
submitted by /u/baconroll2022 to r/MadeMeSmile [link] [comments]
[Read more...](https://www.reddit.com/r/MadeMeSmile/comments/17rh7c9/she_managed_to_walk_a_paralyzed_cat/)
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[Read more...](https://www.reddit.com/r/MadeMeSmile/comments/17rh7c9/she_managed_to_walk_a_paralyzed_cat/)
Reddit
From the MadeMeSmile community on Reddit: She managed to walk a paralyzed cat!
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She managed to walk a paralyzed cat!
submitted by /u/baconroll2022 to r/MadeMeSmile link comments
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Reddit
From the MadeMeSmile community on Reddit: She managed to walk a paralyzed cat!
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*Powell grabs punch bowl, tames Wall Street rally with hawkish rate comments*
Updated at 2:44 pm EST Federal Reserve Chairman Jerome Powell said Thursday that he would "hesitate" to raise interest rates again, adding during a speech to an event in Washington that the central bank is not yet confident that financial conditions are restrictive enough to tame inflation. In prepared remarks for a policy discussion at the Jacques Polak Annual Research Conference, Powell said rate decisions will be taken on a meeting-by-meeting basis. But he stressed that the Fed would be "attentive" to price given that there is a "long way to go" to return inflation to the central bank's preferred 2% target. "If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said, adding that "the Fed is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time. We are not confident that we have achieved such a stance." Powell also said that rate decisions would be taken "carefully ... allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening. We are making decisions meeting by meeting." U.S. stocks extended declines following the release of headlines from Powell's remarks, with the S&P 500 marked 33 points, or 0.75%, lower on the session and the Dow Jones Industrial Average falling 248 points. Benchmark 10-year note yields, meanwhile, were marked 8 basis points higher on the day at 4.629%, although much of that upside move followed a weaker-than-expected auction of 30-year bonds earlier in the session. Last week's pullback in yields, which pushed 10-year notes below the 4.5% mark for the first time since September, may have compelled Powell to take a more hawkish tone. Powell, who has said on many occasions that tight financial conditions – including higher Treasury yields – are helping the Fed in its inflation fight, may determine that markets have gotten over their skis with a rally that's extended for the S&P 500's past eight sessions.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/powell-grabs-punchbowl-tames-wall-street-rally-with-hawkish-rate-comments)
Updated at 2:44 pm EST Federal Reserve Chairman Jerome Powell said Thursday that he would "hesitate" to raise interest rates again, adding during a speech to an event in Washington that the central bank is not yet confident that financial conditions are restrictive enough to tame inflation. In prepared remarks for a policy discussion at the Jacques Polak Annual Research Conference, Powell said rate decisions will be taken on a meeting-by-meeting basis. But he stressed that the Fed would be "attentive" to price given that there is a "long way to go" to return inflation to the central bank's preferred 2% target. "If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said, adding that "the Fed is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time. We are not confident that we have achieved such a stance." Powell also said that rate decisions would be taken "carefully ... allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening. We are making decisions meeting by meeting." U.S. stocks extended declines following the release of headlines from Powell's remarks, with the S&P 500 marked 33 points, or 0.75%, lower on the session and the Dow Jones Industrial Average falling 248 points. Benchmark 10-year note yields, meanwhile, were marked 8 basis points higher on the day at 4.629%, although much of that upside move followed a weaker-than-expected auction of 30-year bonds earlier in the session. Last week's pullback in yields, which pushed 10-year notes below the 4.5% mark for the first time since September, may have compelled Powell to take a more hawkish tone. Powell, who has said on many occasions that tight financial conditions – including higher Treasury yields – are helping the Fed in its inflation fight, may determine that markets have gotten over their skis with a rally that's extended for the S&P 500's past eight sessions.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/powell-grabs-punchbowl-tames-wall-street-rally-with-hawkish-rate-comments)
TheStreet
Powell grabs punch bowl, tames Wall Street rally with hawkish rate comments
Fed Chair Jerome Powell stuck a pin in the best rally on Wall Street in two years Thursday, warning that higher rates are still on the table for the world's largest economy.
Powell grabs punch bowl, tames Wall Street rally with hawkish rate comments
Updated at 2:44 pm EST Federal Reserve Chairman Jerome Powell said Thursday that he would "hesitate" to raise interest rates again, adding during a speech to an event in Washington that the central bank is not yet confident that financial conditions are restrictive enough to tame inflation. In prepared remarks for a policy discussion at the Jacques Polak Annual Research Conference, Powell said rate decisions will be taken on a meeting-by-meeting basis. But he stressed that the Fed would be "attentive" to price given that there is a "long way to go" to return inflation to the central bank's preferred 2% target. "If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said, adding that "the Fed is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time. We are not confident that we have achieved such a stance." Powell also said that rate decisions would be taken "carefully ... allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening. We are making decisions meeting by meeting." U.S. stocks extended declines following the release of headlines from Powell's remarks, with the S&P 500 marked 33 points, or 0.75%, lower on the session and the Dow Jones Industrial Average falling 248 points. Benchmark 10-year note yields, meanwhile, were marked 8 basis points higher on the day at 4.629%, although much of that upside move followed a weaker-than-expected auction of 30-year bonds earlier in the session. Last week's pullback in yields, which pushed 10-year notes below the 4.5% mark for the first time since September, may have compelled Powell to take a more hawkish tone. Powell, who has said on many occasions that tight financial conditions – including higher Treasury yields – are helping the Fed in its inflation fight, may determine that markets have gotten over their skis with a rally that's extended for the S&P 500's past eight sessions.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Updated at 2:44 pm EST Federal Reserve Chairman Jerome Powell said Thursday that he would "hesitate" to raise interest rates again, adding during a speech to an event in Washington that the central bank is not yet confident that financial conditions are restrictive enough to tame inflation. In prepared remarks for a policy discussion at the Jacques Polak Annual Research Conference, Powell said rate decisions will be taken on a meeting-by-meeting basis. But he stressed that the Fed would be "attentive" to price given that there is a "long way to go" to return inflation to the central bank's preferred 2% target. "If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said, adding that "the Fed is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time. We are not confident that we have achieved such a stance." Powell also said that rate decisions would be taken "carefully ... allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening. We are making decisions meeting by meeting." U.S. stocks extended declines following the release of headlines from Powell's remarks, with the S&P 500 marked 33 points, or 0.75%, lower on the session and the Dow Jones Industrial Average falling 248 points. Benchmark 10-year note yields, meanwhile, were marked 8 basis points higher on the day at 4.629%, although much of that upside move followed a weaker-than-expected auction of 30-year bonds earlier in the session. Last week's pullback in yields, which pushed 10-year notes below the 4.5% mark for the first time since September, may have compelled Powell to take a more hawkish tone. Powell, who has said on many occasions that tight financial conditions – including higher Treasury yields – are helping the Fed in its inflation fight, may determine that markets have gotten over their skis with a rally that's extended for the S&P 500's past eight sessions.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Powell grabs punch bowl, tames Wall Street rally with hawkish rate comments
Fed Chair Jerome Powell stuck a pin in the best rally on Wall Street in two years Thursday, warning that higher rates are still on the table for the world's largest economy.
*Steam Deck OLED has a bigger, brighter display, faster WiFi, and longer battery life*
Valve is shaking up its Steam Deck line of handheld gaming PCs. Prices still range from $399 to $649, but Valve is doing away with the old entry-level model that had 64GB of eMMC storage, which means that prices now start at $399 for a model with a 256GB SSD. But the bigger change? If […] The post Steam Deck OLED has a bigger, brighter display, faster WiFi, and longer battery life appeared first on Liliputing.
[Read more...](https://liliputing.com/steam-deck-oled-has-a-bigger-brighter-display-faster-wifi-and-longer-battery-life/)
Valve is shaking up its Steam Deck line of handheld gaming PCs. Prices still range from $399 to $649, but Valve is doing away with the old entry-level model that had 64GB of eMMC storage, which means that prices now start at $399 for a model with a 256GB SSD. But the bigger change? If […] The post Steam Deck OLED has a bigger, brighter display, faster WiFi, and longer battery life appeared first on Liliputing.
[Read more...](https://liliputing.com/steam-deck-oled-has-a-bigger-brighter-display-faster-wifi-and-longer-battery-life/)
*The Humane Ai Pin is a $699 screen-free wearable designed to replace your smartphone*
Human beings have developed a love/hate relationship with smartphones over the past two decades. They’re devices many of us can’t imagine living without… but they’re also frustrating gadgets that demand too much of our time and attention. A startup called Humane has been teasing a smartphone alternative for much of the year, and now the […] The post The Humane Ai Pin is a $699 screen-free wearable designed to replace your smartphone appeared first on Liliputing.
[Read more...](https://liliputing.com/the-humane-ai-pin-is-a-699-screen-free-wearable-designed-to-replace-your-smartphone/)
Human beings have developed a love/hate relationship with smartphones over the past two decades. They’re devices many of us can’t imagine living without… but they’re also frustrating gadgets that demand too much of our time and attention. A startup called Humane has been teasing a smartphone alternative for much of the year, and now the […] The post The Humane Ai Pin is a $699 screen-free wearable designed to replace your smartphone appeared first on Liliputing.
[Read more...](https://liliputing.com/the-humane-ai-pin-is-a-699-screen-free-wearable-designed-to-replace-your-smartphone/)