Here are three things people are talking about in the market this week.
What’s faster than a Tesla truck?
Maybe Thor. Thor’s line of trucks, which are meant for short hauls exclusively, are due to hit the street as early as 2019. Tesla still hasn’t built the assembly line for their fleet, so when the rubber hits the road is still TBD.
What this means for you: If you’re into trucking, a lot. But, for the rest of us, this is exciting because it means the electric vehicles are becoming the norm.
Interest rates are going up, up, and up.
As promised, the Federal Reserve will raise the federal interest rate to 1.5% in phases throughout 2018. By raising and lowering the interest rate, the Fed controls access (and essentially the value) of money.
What this means for you: Money will now be more expensive for banks to borrow from the Fed, and they will charge you more to access it. Expect loan rates, mortgage rates, and the price of some consumer goods to rise.
Is your MD being paid to write an RX?
Soon we’ll know for sure. The Interfaith Center on Corporate Responsibility presented shareholder proposals to several big Pharma players urging them to spell out the connection between drug prices and executive compensation.
What this means for you: Transparency in medication recommendation, pricing, and delivery. Always a good thing.