Final rates from central banks eyed as stocks rise
Wall Street extends gains as investors await inflation data and the Fed meeting with expectations of another 0.5 point rate hike. The S P 500 up 1 4 percent Dow 1 6 percent Nasdaq 1 3 percent Russell 2000 1 2 percent. Yields rise. Large caps led gains as 90 percent of S P 500 traded higher amid easing inflation signals.
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EPA says U.S. fuel economy holds at 25.4 mpg in 2021
The EPA Automotive Trends Report shows 2021 model year fleet achieving 25.4 mpg and emissions at a record 347 grams per mile. SUVs and pickups drive the mix, leaving cars declining to 26 percent of production while EVs and hybrids rise to 4 percent.
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FTX Former CEO Sam Bankman-Fried Arrested in Bahamas
Sam Bankman-Fried the former chief of FTX was arrested in the Bahamas at the request of the United States authorities as part of ongoing criminal investigations following FTX collapse and bankruptcy filing. U S prosecutors plan to unseal a sealed indictment and seek extradition while Bahamian authorities continue their own probe.
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