News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
As long-haul trucking goes electric, vehicle makers are betting on which technology is best to replace diesel.
With Quarles’ departure, at least one other vacancy and the expiring term of Chairman Jerome Powell, President Joe Biden will have the chance to remake the Fed.
The latest jobs report showed stronger than expected gains last month and found more jobs were created in August and September than previously estimated.
Semiannual Financial Stability Report also notes asset prices are susceptible to large declines should investor sentiment shift.
A “millennial baby boom” could start this year and boost food and baby merchandise sales, according to a note by Bank of America.
A new incentive program to attract remote workers to Greensburg, Indiana, includes stand-in ”grandparents” and cash incentives for those who move to the rural city within the next six to 12 months.
Dierdre Wolownick, mom of Free Solo star Alex Honnold, believed to be oldest woman to scale the rock formation.