Quoteworthy: "The titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively." –— Tesla Inc, in its March 15 filing with the Securities and Exchange Commission. The company adds that Musk and Kirkhorn will maintain their respective positions as CEO and CFO.
Fed keeps zero-rate outlook, sees inflation bump short-lived
Federal Reserve officials continued to project near-zero interest rates at least through 2023 despite upgrading their US economic outlook and the mounting inflation worries in financial markets. The decision, which came on a volatile day for investors with Treasury yields surging ahead of the announcement, masked a growing number of officials who saw liftoff before then, though Chair Jerome Powell stressed this was a minority view.