9/8/22

The Federal Reserve chairman is serious about fighting inflation. And General Motors has a new “EV for everyone.” Quite a volatile session on Wall Street today as investors thought about remarks from The Federal Reserve.

The Dow gained 193 points to close at 31,774
The S&P finished the day up 26
The Nasdaq gained 70.

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When Fed Chairman Jerome Powell speaks, the world listens. It happened again today, when Powell said he’s strongly committed to fighting inflation. This is his last appearance before the Central Bank’s next meeting on the 20th, where they’re expected to continue the higher interest rate hikes.

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Have you ever logged into a website using your Facebook credentials? That option is disappearing. Companies are removing social logins from their websites over security concerns. One expert says “people started feeling like it’s a breach of their personal space.”

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Check this out. General Motors sure hopes the new Chevy Equinox EV will be your first electric vehicle. The mid-size SUV gets about 300 miles of range, and starts around $30,000. That seems to be the price point that should drive more EV adoption. That’s also $13,000 less than Ford’s Mustang Mach-E. The Equinox EV hits dealerships in fall of 2023.

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From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.