Could SpaceX be worth $12 trillion one day? Citi says Starship gets it a step closer.

Processing Content Key insight: After the Bureau of Labor Statistics’ most recent employment report showed a net loss of 23,000 jobs last month, some analysts revised their expectations about the Fed’s next move. Cleveland Fed President Beth Hammack said the reading did not change her outlook. Expert quote: “When I look at policy broadly, I…

Trump tells Fed: Lower the rate or I’ll stop trading with countries with which we have a deficit !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

It’s 5.30pm and almost dusk as I sit by a lotus lake, sipping green tea and scribbling down some thoughts in a notebook. I’m writing a “Love letter to the Earth” – a few words of thanks and hope while a lady plays three large crystal singing bowls behind me. I fold the piece of…

As was widely predicted, the central bank’s Federal Open Market Committee voted 12-0 Wednesday to raise its benchmark interest rate by 1/4 percentage point to 3-3/4 to 4%. It was the first rate increase in three years, and the committee signaled that another increase could come this year. The vote undid one of last year’s…

Fed’s Warsh: Numbers on price stability are ‘more concerning’ Univ of Michigan final sentiment index for August 51.7 vs 51.0 estimate Fed’s Hammack: It’s time to act with rate hikes, waiting will create pain Canada GDP Q2 annualized 3.3% vs 3.4% estimate Fed’s Goolsbee: Agrees with Warsh that inflation is Fed’s main issue right now…

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