Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 3.3% in the afternoon session after the company unveiled a more affordable, stripped-down version of its Model Y, which disappointed investors who had hoped for an entirely new vehicle. The move followed a 5.5% gain in the previous trading session, which was fueled by speculation over a…
The federal government shut down on Wednesday after lawmakers failed to agree on a short-term funding measure ahead of the Oct. 1 deadline. As a result, all “nonessential” government functions will come to a halt, with hundreds of thousands of federal workers finding themselves furloughed or working without pay. Certain essential government services —…
Moondy Analytics chief economist Mark Zandi has issued a cautious forecast as fears of US recession are mounting. Zandi has said that the economy is teetering on the edge of downturn. However, Zandi also mentioned that there’s a silver lining for the tech professionals. In a series of post shared on social media platform X…
Mark Zandi sees trouble ahead for the US economy. The Moody’s Analytics chief economist recently predicted in a post on X that the US economy is on the brink of recession following some of the latest economic data. While Zandi later noted that he doesn’t think the US economy is in a recession yet, there…
WASHINGTON – President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to accept higher costs — in the form of high tariffs — for the privilege of selling their wares to the United States. For…