Two big things just happened on Wall Street in response to the latest inflation data. And both of them should give President Joe Biden some rare relief in his presidential campaign.
Tesla’s stock surged Wednesday after Cathie Wood’s Ark Invest said it should rocket more than 15-fold in five years as the electric-vehicle maker evolves into a more profitable robotaxi company.
The Federal Reserve is seen as likely to pencil in two cuts over its last four meetings this year, which would keep the door open for a September move.