Economic News
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Musk launches steering-wheel-free taxi service in bet riders lose 'no control' fears and hop inside
Elon Musk sent dozens of self-driving Cybercabs missing steering wheels and brake pedals onto Austin, Texas, streets Thursday in a bet Americans will get over their fears of “no control” rides and hop inside
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Brazil considers reciprocal measures after EU halts imports of Brazilian goods
Brazil’s government and exporters of meat, poultry, eggs, honey and other animal products were scrambling Thursday after a European Union deadline passed for suspending imports over concerns about the use of antibiotics and antimicrobial drugs in livestock
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Trump turns to a dual economic and military approach in latest attempt to squeeze Iran
Confronted by an intransigent Iranian government that has refused to back down in the face of a massive military campaign, President Donald Trump appears to have settled on a dual-prong approach
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Tech stocks lead a rally on Wall Street as bond yields ease some more
Stocks rose on Wall Street as bond yields eased further and a rally in big technology companies helped the market recoup its losses from earlier in the week
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Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants
Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs
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Will Federal Reserve hike rates later this month? Waller muddies the outlook
Federal Reserve governor Christopher Waller says that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not
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Average rate on a 30-year mortgage climbs to highest level in 13 months
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year
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Proud of their oil, Venezuelans view US stake in their reserves as a surrender
Many Venezuelans see the deal giving the United States control of roughly one-fifth of their country's oil reserves as a surrender
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Unemployment claims tick up to 206,000 but remain at historically low levels
More Americans filed for unemployment benefits last week, but layoffs are still rare and jobless claims remain at historically low levels
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Italy weighs the results as Giorgia Meloni’s government sets a longevity record
Premier Giorgia Meloni’s conservative administration became Italy’s longest-serving uninterrupted government since World War II at 1,413 days on Thursday
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