Tesla Goes After America’s Top-Selling SUVs
Elon Musk’s price war means the Model Y can now be purchased for less than the average new vehicle in the US.
Bloomberg Top News
Dimon Says JPMorgan Headcount to Stay Flat After 8% Annual Jump
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said that headcount at the largest US bank is set to remain unchanged for the rest of the year after climbing more than 8%.
Ukraine Latest: Russia Raises Economic Growth Forecast for 2023
The US government is struggling to explain how a 21-year-old man in a junior post was in a position to allegedly leak a massive trove of classified US documents related to the Ukraine conflict. Jack Teixeira, a cyber specialist for the US Air Force National Guard, was arrested in Massachusetts and is scheduled to be arraigned in US District Court in Boston on Friday.
Canadian Home Prices Snap a Year of Declines as Interest Rates Stabilize
Canadian home prices rose for the first time in a year in March after the country’s central bank halted its interest rate hikes and sellers remained hesitant to list their properties.
Japan’s Pension Fund GPIF Deploys $3.8 Billion to Gender Diverse Local Firms
The world’s largest pension fund is allocating 500 billion yen ($3.77 billion) to an index of Japanese companies that do better on gender diversity as Japan looks to bolster its low ranking for diverse workplaces.
Eskom Latest: Reduced Outages at Weekend; New Generation Head
South Africa’s state-owned electricity provider will reduce power cuts during the daytime over the weekend as it expects lower demand.
US Retail Sales Decline for a Second Month on Fuel, Autos
US retail sales fell for a second month in March, indicating household spending is cooling as Americans face high inflation and rising borrowing costs.
Fed’s Goolsbee Says Rate Hikes Take Time to Work Through Economy
Federal Reserve Bank of Chicago President Austan Goolsbee said tighter credit conditions stemming from the recent banking turmoil could help the US central bank in its effort to bring down inflation, and reiterated that policymakers should not be too aggressive in raising interest rates.
IMF Director Says Ghana Has Taken Enough Pain to Unlock Aid
Ghana has taken the tough economic decisions needed to win a rescue package from the International Monetary Fund, once bilateral creditors sign off on assurances, said the institution’s Africa Department Director Abebe Selassie.
Trump Asks Appeals Court to Immediately Block Pence Grand Jury Testimony
Donald Trump has asked a federal appeals court in Washington to immediately block a subpoena for grand jury testimony from former Vice President Mike Pence.