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Shanthi Rexaline

Elon Musk Fires Off A Warning Of A Financial Crisis As First Republic Bank Falls

Elon Musk First Republic Bank JPMorgan Chase US Federal Reserve Recession Silicon Valley Bank SpaceX Washington Mutual

SpaceX founder Elon Musk after a T-Mobile and SpaceX joint event on August 25, 2022, in Boca Chica Beach, Texas. Musk warns of possibilities of downturns in the economy as Federal Republic Bank failed as of Monday. MICHAEL GONZALEZ/BENZINGA

The Federal Reserve’s monetary policy-setting arm, the Federal Open Market Committee, is set to meet for two days beginning this Tuesday. Ahead of the meeting, Tesla CEO Elon Musk reiterated his worries concerning the ramifications of another rate hike by the central bank.

The data that the Fed uses has too much latency, Musk tweeted on Sunday, adding that a “mild recession is already here.”

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Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

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Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

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One subscription that gives you access to news from hundreds of sites

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Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

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