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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

May 16, 2024

Page

9

Stocks Hit Record Highs as Inflation Eases

U S stocks surged to new records with the S&P 500 and Nasdaq reaching fresh highs while the Dow topped its March peak. Bond yields fell as investors priced in a Fed rate cut this year, with real estate and tech shares leading gains. Petco Health Wellness jumped 27.9 percent amid market rally.

New York Wall Street U.S Treasury Federal Reserve Fed Lennar D.R. Horton Pulte Group Big Tech Nvidia Consumer Price Index CPI Federal Funds Alexandra Wilson-Elizondo Goldman Sachs Asset Management Brian Jacobsen Annex Wealth Management New York State Petco Health + Wellness

Morocco's rapid rise as Africa's EV car maker

Morocco has built Africa's largest auto industry in under two decades. A freight train moves hundreds of Renault cars daily from Tangiers to Mediterranean ports for European dealers, with 250-plus auto suppliers and 22 percent of GDP from the sector. Officials say incentives, ports, and roads aided growth while preparing for EV shifts. The country aims to keep attracting factories amid automation trends and global transitions to electric vehicles.

Tangiers Morocco Mediterranean Sea Renault Africa Europe China India Japan Ryad Mezzour Associated Press Mezzour Stellantis France Tangier

Bipartisan Senate group urges $32B AI plan with safeguards

A four member panel led by Senate Majority Leader Schumer calls for at least 32 billion dollars over three years to boost AI research and testing standards. The report urges transparency, workforce impact studies, and emergency funding to compete with China while managing risks and opportunities.

Washington Chuck Schumer Congress U.S China Schumer D-N.y Mike Rounds

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