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Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020.

Musk's Tesla Stock Sale Windfall Dwarfs Twitter Loss

Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank.
A person shops in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022.

Kansas City Fed's George Warns "abrupt" Rate Changes Could Strain Economy

Abrupt changes to the federal funds rate could stress the economy and financial markets, with steady and well-communicated increases preferable given the uncertainty about how hard and fast rate hikes will hit business and household spending, Kansas City Fed president Esther George said on Monday.

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