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Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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The celebration didn't last long. Most Read from Bloomberg US and Saudis Near Defense Pact Meant to Reshape Middle East Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Treasuries Rally With Fed Not as Hawkish as Feared: Markets Wrap For a brief period, US stocks popped to unleash the biggest post-policy meeting rally since December, while Treasury yields tumbled more than 10 basis points across maturities. The relief trade kicked in when Powell told reporters “it is unlikely that the next rate move will be a hike.” Problem is, Powell didn't explicitly signal a rate cut was coming this year either, and said it will probably take longer for central bankers to gain enough confidence in the downward trajectory of inflation to consider easing policy. That reality check triggered an abrupt reversal in equities, which ended
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- Tesla has a 'massive cash problem': Investor [Yahoo! Finance][Yahoo! Finance]
- Tesla has a 'massive cash problem': Investor [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Tesla's Autopilot fraud case ‘may go forward.' [Verge, The][Verge, The]
- Elon Musk Didn't Like What a Woman Told Him, So He Fired Her Entire Department [Yahoo! Finance][Yahoo! Finance]
- Bridgewater piled into Magnificent 7 stocks in Q1 but spurned Tesla [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
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