The U.S. Federal Reserve must put the brakes on economic activity to tackle surging prices, James Bullard, president of the St. Louis Fed, told the Financial Times in an interview. It is a “fantasy” to think the Fed can bring inflation down sufficiently without raising interest rates, he said, adding that the Fed needs to…
Fed’s Bullard Says Central Bank Must Put Brakes on Economic Activity: FT
US Probes Overheating Brakes That Cause Fires in 500,000 Semis
DETROIT—U.S. highway safety regulators have opened an investigation into about a half-million semis with brakes that can catch fire. The National Highway Traffic Safety Administration says in documents posted on its website Tuesday that it has 11 complaints about brakes made by Haldex Commercial Vehicle Systems, including seven fires. No injuries were reported. The complaints…
Chinese Public Accuses CCP of Turning on Tesla
Recently, Tesla in mainland China has become a hot topic in the news. Especially after a vehicle owner recently made a scene at a Shanghai Auto Show, the Chinese Communist Party’s official media took the opportunity to suppress Tesla. On April 19, the first day of the Shanghai Auto Show, a woman wearing a T-shirt with…
Tesla Could Run Into More Problems in China, May Face Compensation Ruling
News Analysis Tesla’s bad luck in China has not ended yet. After a woman protested at an auto show in Shanghai against Tesla’s “brake failure,” followed by a flood of criticism, a higher court could decide to overturn the company’s appeal to a previous court order to compensate a buyer of one of its second-hand cars…
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