Fed meeting; China's exports surge; Musk's new boss - News Summed Up

Fed meeting; China's exports surge; Musk's new boss


Fed meeting: The US Federal Reserve will announce the result of its two-day meeting on Thursday. Analysts say it's unlikely the policy meeting will produce any big surprisesThe Fed is expected to stick to its plan to raise interest rates in December, and continue hiking rates gradually in 2019. Tesla shuffle: Tesla ( Tesla ( TSLA announced late Wednesday that Australian telecoms executive Robyn Denholm will replace CEO Elon Musk as head of its board of directors, effective immediately. Denholm, currently the chief financial officer of Australian telecommunications firm Telstra, is already a member of the Telsa board. She will join Tesla full time after serving a six-month notice period.


Source: CNN November 08, 2018 10:26 UTC



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