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Featured AlphaTack Intel Article
Waymo Recalls Robotaxis After Vehicle Drove on Flooded Road
Waymo is recalling thousands of robotaxis to fix a software issue that could cause the autonomous vehicles to drive on flooded roads. The recall affects 3,791 vehicles equipped with the company’s fifth- and sixth-generation automated-driving system, according to...
– AlphaTack Intel Articles –
El-Erian Warns Fed After Jobs Data: ‘Inflation Is Not Dead’
US job growth in September topped all estimates, data showed Traders pull back on wagers on big Fed cuts to come this year Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s surprisingly hot jobs...
EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles
The new tariffs will be in effect for a period of five years China has threatened tariffs on Europe’s car and dairy sectors The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with...
Europe’s EV Tariff Move Heaps More Misery on Auto Investors
Latest blow follows profit warnings, balance sheet concerns Short sellers are targeting sector, analysts turn more bearish A mild rally in the shares of automakers after the European Union voted to impose tariffs on electric vehicles from China does little to...
World Food Price Index Marks Biggest Rise Since March 2022
Sugar prices saw the biggest gains on Brazil, India concerns Vegetable oils and grains also rose on worries about supplies Global food prices saw the largest jump in 2.5 years in September, with bad weather and geopolitical risks threatening to keep consumer costs...
China’s Stock Boom May Turn to Bust as in 2015, Nomura Warns
Investors should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings Inc. In the most gloomy scenario, “a stock market mania would be followed by a crash,...
RBNZ Seen Stepping Up Rate Cuts on Risk of Inflation Undershoot
Local economists expect 50-point moves on Oct. 9 and Nov. 27 ‘Overly restrictive monetary policy has inflicted much pain’ New Zealand’s central bank will cut interest rates by half a percentage point at each of its two remaining policy meetings this year as risks...