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Yellen concerned about US commercial real estate but says stresses manageable

U.S. Treasury Secretary Janet Yellen on Tuesday said she is concerned about looming commercial real estate stresses on banks and property owners, but believes the situation is manageable with assistance from bank regulators. Yellen told a House Financial Services Committee hearing that refinancings of commercial real estate loans coming due amid higher interest rates and high vacancies due to shifting work patterns "is going to put a lot of stress on the owners of these properties." ...
United States David Lawder Andrea Ricci Mark Porter House Financial Services Committee Signature Bank
Source: yahoo.com

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U.S. safety agency deepens probe of Tesla power steering loss

WASHINGTON/SAN FRANCISCO (Reuters) -U.S. safety regulators on Friday upgraded their probe into Tesla vehicles over power steering loss to the status of an engineering analysis - a required step before the agency could demand a recall. Tesla shares, which dropped more than 25% in January alone, fell more than 3% on Friday. The National Highway Traffic Safety Administration (NHTSA) said the investigation covered about 334,000 Model 3 and Model Y vehicles from the 2023 model year.
San Francisco United States Nick Zieminski Hyunjoo Jin Akash Sriram Shinjini Ganguli
Source: aol.com

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