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Apple Self-Driving Car Layoffs Are a Nod to Reality

Project Titan, Apple Inc.’s increasingly abortive plan to build an autonomous car, doesn’t seem to have the strength its name implies. The iPhone-maker has dismissed about 200 people from the project, according to a Thursday report from CNBC. Some are being moved to projects in other parts of the company, as are other staff affected […]

U.S. Bailout From Last Recession Lives on as Downturn Risks Rise

TARP, the U.S. government bailout program born of the financial crisis a decade ago, lives on today as economists warn of a new recession. Congress authorized the Troubled Asset Relief Program in late 2008 to stabilize the financial system with up to $700 billion — later reduced to $475 billion. To date, about $450 billion in […]

Powell Says Fed ‘Waiting and Watching’ With Patience on Rates

Federal Reserve Chairman Jerome Powell said the U.S. central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. “We’re in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime we’re […]

Scary Bonds From Last Crisis Were the Best Place to Hide in 2018

The securities that triggered the last financial meltdown are proving to be one of the best places to hide in this downturn. Bonds backed by loans like auto and credit-card debt have gained 1.6 percent this year through Monday, according to Bloomberg Barclays indexes. Some portions of the market for repackaged debt are doing even […]
  • Bloomberg News
  • December 27, 2018