hike

Dow Jones plunges 480 points as investors fear Fed rate hike through 2023

Dow Jones plunges 480 points as investors fear Fed rate hike through 2023

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold more than 480 points on Monday. Tesla stock plunged after several reports announced that Tesla plans to cut production of electric vehicles in China as demand appears to be weakening. X The electric vehicle giant has refuted the reports, …

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MTA plans 5.5% rate hike next year, needs $600 million more to make up shortfall

MTA plans 5.5% rate hike next year, needs $600 million more to make up shortfall

The MTA plans to raise fares and tolls by 5.5% next June to help address a major budget shortfall caused by declining ridership since the start of the pandemic, officials said Wednesday. The increase is greater than the 4% increases in fares and tolls the MTA implemented every two years from 2009 to 2019. The …

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