On Rates, Tesla & Labor Market Shifts

The Fed decided to do yesterday exactly what was expected of it. So its 25-basis-point drop in the federal funds rate barely moved the needle in Wednesday’s trading. But anticipation of the move has helped interest-rate-sensitive stocks outperform the broader market ytd. … Tesla’s board of directors has a bold plan to boost its market capitalization to $8 trillion, and it rests on the efforts of one man. Will CEO Elon Musk come through for Tesla? Jackie examines the marks he needs to hit to earn a ginormous payout. … Is artificial intelligence replacing recent college grads in the labor market, or are there other reasons for their difficulty breaking into their chosen careers?