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Tesla CEO Elon Musk Warns a Major Fed Rate Hike Risks Deflation


Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that “Leading inflation indicators like gold and copper are flagging the risk...

Rate Hike Expectations Boost the Euro and the Dollar


On 31st August, the greenback was bigger and more powerful than expected U.S. economic reports and aggressive Federal Reserve remarks indicated increased interest rates, but rate-hike expectations in Europe also showed the currency union hanging on above par. Markets are valuing a better-than-even...

Sony Raising PlayStation 5 Prices In Most Markets


Sony just announced that, thanks to “challenging economic conditions”, the price of the PlayStation 5 is about to go up in loads of big markets like Japan, Europe and Canada.Read more

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