A Reuters report Friday suggesting Tesla has abandoned plans to make inexpensive vehicles for consumers couldn't have come at a worse time for the company.
Why it matters: The picture for Tesla's future is growing murkier.
If you went into a laband tried to design the perfect jobs report, you'd have a hard time coming up with something better than the one the Labor Department issued Friday.
Why it matters: The U.S. labor market isn't merely not faltering. Rather, it is getting stronger — but in ways that aren't likely to raise excessive inflation alarm bells at the Federal Reserve.
Bitcoin's fourth halving will take place later in April, dramatically slowing its inflation rate from 1.8% to 0.9%.
Why it matters: The halving always makes a major impact in the supply-demand relationship that determines the top cryptocurrency's value in the market.
Procter & Gamble is voluntarily recalling 8.2 million "defective bags" of Tide, Gain, Ace and Ariel brand laundry detergent packets for "risk of serious injury," the company announced Friday.
Why it matters: The bags "can split open near the zipper track" and pose a risk to children and others "if the contents of the laundry detergent packets are ingested," according to the recall notice.
Job growth surged in March, as employers added 303,000 positions and the unemployment rate edged down, the Bureau of Labor Statistics reported Friday.
Why it matters: The U.S. labor market has proved remarkably resilient over the last year, as employers keep seeking workers despite a bumpy economic environment. The latest numbers affirm that strength, handily beating analysts' forecasts.
South America's Amazon region, while extremely poor, sits on hugely valuable natural resources. The resulting tensions between environmentalists and wealth seekers are exploding once again.
Driving the news: The president of Guyana, Mohamed Irfaan Ali, went viral this week for a video in which he lectured a BBC journalist on hypocrisy around climate change.
GUANGZHOU, China— Treasury Secretary Janet Yellen told U.S. executives in southern China on Friday that it's neither "practical nor desirable" to cut off economic relations with the country — even as the Biden administration is moving to contain huge business threats from China.
Why it matters: Yellen is aiming to strike a balance between calling out China for "unfair practices" she said were hurting American firms — while highlighting the importance of maintaining U.S.-China economic ties.
