facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
News from the Control Tower - 11/10/2021 Thumbnail

News from the Control Tower - 11/10/2021

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       The Electric-Truck Battle To Come: Batteries Versus Hydrogen Fuel Cells

As long-haul trucking goes electric, vehicle makers are betting on which technology is best to replace diesel.

2.       Randal Quarles to resign at year-end, paving way for Biden to further remake the Federal Reserve

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.

3.       The latest jobs report showed strong gains, but a worker shortage still exists. Here’s why

The latest jobs report showed stronger than expected gains last month and found more jobs were created in August and September than previously estimated.

4.       Fed Says U.S. Public Health Among Biggest Near-Term Risks to Financial System

Semiannual Financial Stability Report also notes asset prices are susceptible to large declines should investor sentiment shift.

5.       Sales of pregnancy tests are on the rise.

A “millennial baby boom” could start this year and boost food and baby merchandise sales, according to a note by Bank of America.

6.       Indiana city offers stand-in 'grandparents' to new residents

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.

Bonus: Woman who climbed El Capitan on her 70th birthday says you can do it too

Dierdre Wolownick, mom of Free Solo star Alex Honnold, believed to be oldest woman to scale the rock formation.