(Bloomberg) — Russia’s central bank unexpectedly slashed its key interest rate in a sign of confidence that the worst of the financial turmoil triggered by the invasion of Ukraine is past. Most Read from Bloomberg Reversing part of the steep rate increase delivered after the attack, the central bank lowered the benchmark to 17% from 20% at an unscheduled meeting on Friday and said further cuts could be made in the months ahead if conditions permit. The ruble briefly halted its rebound… Source link

U.S. stock futures gained Friday morning, with investors continuing to contemplate the next policy moves by the Federal Reserve. Contracts on the S&P 500 pointed to a higher open to build on Thursday’s gains and further shake off volatility from earlier this week. Still, as of Thursday’s close, the S&P 500 was on track to post a weekly loss that would end a three-week winning streak, if levels hold through Friday’s close. Fresh commentary from Fed officials remained in focus, as another set of… Source link

Elon Musk.Patrick Pleul/AP Elon Musk just opened Tesla’s Gigafactory in Texas, which will employ 20,000 people. Between Tesla and SpaceX, Musk is the boss of more than 100,000 employees. Here’s a closer look at the unconventional CEO’s approach to management and leadership. With the addition of Tesla’s Gigafactory in Austin, Texas, CEO Elon Musk is bringing an estimated 20,000 workers under his employment. In fact, Tesla and SpaceX employ more than 100,000 people combined. So, what’s it like to… Source link

LONDON (Reuters) – The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note. “‘Inflation shock’ worsening, ‘rates shock’ just beginning, ‘recession shock’ coming”, BofA chief investment strategist Michael Hartnett wrote in a note to clients, adding that in this context, cash, volatility, commodities and crypto currencies could… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, April 8, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Before tensions escalated between Ukraine and Russia in February, a bullish stock market story had been unfolding: Wall Street analysts were revising up their forecasts for 2022 and 2023 corporate earnings. Since then, geopolitical risks… Source link

Tesla will finally start selling the Cybertruck next year, Elon Musk has announced at the opening party for the company’s Giga Texas factory. During his presentation on stage, Musk showed off the production Cybertruck vehicle, which still looks like the previous versions, except its doors no longer have handles. The car will be able to tell that you’re there and will know that it’s supposed to open the doors. He also apologized for the delay on releasing the Cybertruck that was first Source link

One way of discussing MLB’s 21st-century aesthetic evolution goes like this: Say a baseball-loving Rip Van Winkle who fell asleep in the 1990s emerged from their slumber and started watching games again. How long would it take them to identify what’s changed? What would they spot first? Would it be the strikeouts? The homers? The lack of stolen bases and complete games? Would they instantly lament the waning number of balls in play? Or would they exult in the superior athleticism and the… Source link

(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25 per share cash-and-stock bid from Frontier made in February. “We look forward to engaging with the Spirit Board to finalize our combination, to create a national low-fare… Source link

The most damning testimonial about the distorted adherence to the NFL’s Rooney Rule went unnoticed for nearly 18 months. Lost in the abyss of COVID-related football coverage — nestled in the middle of a “Steelers Realm” podcast in October of 2020 — former NFL head coach Mike Mularkey took a familiar allegation about the Rooney Rule and told a story about it from a completely unfamiliar vantage. He provided the viewpoint of the guy who actually got the top job in 2016, and the regret… Source link

Elon MuskHANNIBAL HANSCHKE /Getty Images Twitter plans to host an internal AMA with board member Elon Musk, according to The Washington Post. Some employees were anxious about Musk’s role, according to company messages viewed by The Post. One staffer asked if board members were held to the same tweeting standards as employees. A Twitter employee said on the company’s Slack channel that staff would be the subject of an HR investigation if they tweeted like Tesla founder Elon Musk, who now owns 9%… Source link