Tesla CEO Elon Musk said the company doesn’t expect to begin producing its new electric semitrailer truck in larger volumes until the end of next year.

Gov. Maura Healey launched a new green housing fund Tuesday as part of her efforts to address the state’s housing crisis and meet its climate goals.
The Massachusetts Community Climate Bank is starting with $50M in seed funding provided by the state’s Department of Environmental Protection, and it is expected to attract investment from both the private and federal sectors, according to a press release.

Consumer prices rose at the slowest pace in more than two years, an encouraging sign for policymakers as they plot their next interest rate move.

After years of unbridled rent growth, a reckoning is on the horizon for U.S. landlords as a softening apartment market and rising expenses push the ball closer to the tenants’ court.
New-lease asking rents rose just under 2% during the 12-month period ending in May, down from the double-digit increases seen a year ago and representing the largest deceleration in recent history, according to data aggregated by The Wall Street Journal from six national property data sources.

Short Hills Capital Managing Partner Steve Weiss warned of the potential impact of commercial real estate’s wall of debt on CNBC’s Halftime Report, citing the size of the wall and how soon it would need to be refinanced.
“You’re going to see a trillion that’s got to be refinanced not that far away from now,” Weiss said.
Moreover, the collapses of Silicon Valley Bank and First Republic Bank were just the beginning, and the other shoe hasn’t dropped for other banks yet, he said.
“Leases haven’t ended,” Weiss said. “People haven’t walked away from their leases. That’s going to happen.”
Short Hills Capital is an alternative investment…

FTX founder Sam Bankman-Fried wants to make his case to the Bahamas that some of the U.S. fraud charges he faces over the collapse of the crypto-exchange violate the terms of his extradition.

The S&P 500 has climbed more than 20 percent from a 2022 low, a marker of a new phase of exuberance in the markets.

Could inflation come down quickly enough to keep the Fed at bay?

Wage growth has increased faster than expected, and investors are betting the Bank of England will have to keep interest rates higher for longer.

Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an encouraging sign as the Fed plots its next interest rate move.