Economy - Page 46

Tesla Backtracks on Supercharger Expansion Plans After Firing Entire Charging Team

Elon Musk’s recent decision to fire Tesla’s entire charging team has reportedly already led to the company pulling back on its plans to expand the Supercharger network. EV owners already face difficulties finding working charging stations, especially during busy travel times, and these difficulties aren’t likely to be lessened anytime soon.

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk attends an event during the Viv

Fed Keeps Rates Unchanged, Noting Progress on Inflation Has Stalled

Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.

Federal Reserve Board Chair Jerome Powell appears before the House Financial Services Comm