Dow dives 697 points as bond yields jump on concerns the Fed will keep raising rates

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Traders

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

It's not just the chip shortage — other supply chain disruptions are wreaking havoc on automakers and helping keep prices high

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The F-150 Lightning production line at Ford's factory in Dearborn, Michigan
Ford recently had to stop production of the F-150 Lightning as it struggles with the EV transition and battery problems.

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US stocks fall as worries persist over the Fed keeping rates higher for longer

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The Fed may hike interest rates another 3 times this year, Goldman says - and that would dial up pressure on stocks

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Traders on the floor of the New York Stock Exchange (NYSE)
Traders.

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Beijing plans to hand out $6 a month to low-income families to help offset the cost of food. The amount will just about buy 2 Big Macs.

Tech Insider : Economy
People wearing face masks shop at a market, following new cases of the coronavirus disease (COVID-19) in the country, in Beijing, China January 11, 2021.
People wearing face masks shop at a market, following new cases of COVID-19 in the country, in Beijing, China January 11, 2021.

Tingshu Wang/Reuters

Larry Summers warns of an economic 'collision' ahead as the Fed's efforts to dim inflation aren't working as well as hoped

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Larry Summers
Former US Treasury Secretary Larry Summers.

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Tesla's stock is on a crazy ride, with a stunning rebound from 2022's freefall. Here's a timeline of the drama that drove it, from Elon Musk's Twitter gamble to aggressive price cuts

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Elon Musk's Tesla soared in 2020.

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The S&P 500's 2023 gain is set to be wiped out in a matter of weeks as the Fed's inflation fight remains 'very much unaccomplished,' says Bank of America

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Traders work on the floor of the New York Stock Exchange (NYSE)

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US stocks end mixed as Fed officials sound off on inflation fight and path of future rate hikes

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Traders work on the New York Stock Exchange floor.
Traders work on the New York Stock Exchange floor in New York City.

AP Photo/Ted Shaffrey

Oil extends weekly loss to 5% as speculation of more aggressive rate hikes from the Fed stokes demand worries

Tech Insider : Economy
Canada, Alberta, Oil workers using oil drill.

Tetra Images - Dan Bannister

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