FT News Briefing The Fed plans to be ‘humble and nimble’ and hawkish
Jan 27, 2022
Tesla celebrated a record $2.3 billion profit but is grappling with supply chain issues. The Federal Reserve is preparing for possible interest rate hikes to combat rising inflation. Meanwhile, China's vaping queen faces a stock plunge due to government investigations, while Apple reclaims its position as the top smartphone brand in China amidst a market struggling with major regulatory challenges. The interplay of these events highlights a dynamic period for major players in the tech and finance sectors.
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Tesla's Record Profits and Investor Concerns
- Tesla reported record earnings of $2.3 billion, a 65% year-over-year increase.
- Despite this, share prices dropped initially due to a miss on net income projections and supply chain concerns.
Fed Signals Rate Hikes
- The Federal Reserve signaled its intention to raise interest rates in March to combat inflation.
- This marks a shift away from pandemic-era support, impacting investor sentiment.
China's Vaping Queen and Regulatory Scrutiny
- Huabao International Holdings' shares plummeted over 65% after an investigation into its subsidiary, Huabao Flavors and Fragrances.
- This highlights the risks for investors in China's rapidly growing, but volatile, markets.