Wall Street closes lower as Fed officials project rate hikes for 2023
June 16 - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.The Fed cited an impr
Tesla Slapped With a Fine in Norway for Reducing Battery Capacities and Charging Speeds
Norway has ordered Tesla to pay 136,000 kroner each to thousands of customers in the country for issuing a software update that slowed down charging speeds, according to the local online newspaper Nettavisen.In 2019, the U.S. electric carmaker launched a software update for Tesla Model S cars produced between 2013 and 2015, resulting in dozens of complaints among Tesla owners in Norway. More specifically, the owners of these vehicles were reported to have reduced range and slower charging spee