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Dec 22 (Reuters) - Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for another two years. Musk has previously made promises about not selling Tesla stock before subsequently selling it. "I needed to sell some stock to make sure, like, there's powder dry...to account for a worst case scenario," the billionaire said. Musk said that Tesla is close to picking the location of its new "Gigafactory." "(Twitter) is maybe 10% of the complexity of Tesla," Musk said.

Dec 22 (Reuters) - Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk's distraction with Twitter and his stock sales. "I won't sell stock until I don't know probably two years from now. Musk has previously made promises about not selling Tesla stock before subsequently selling it. "(Twitter) is maybe 10% of the complexity of Tesla," Musk said.

The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday, slowing down from four back-to-back 75 bps hikes, although Fed Chair Jerome Powell said recent signs of slowing inflation have not brought any confidence yet that the fight had been won. The Fed's policy-setting committee projected it would continue raising rates to above 5% in 2023, a level not seen since a steep economic downturn in 2007. Money market participants currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% by May next year, before falling to around 4.4% by year-end. Wall Street's main indexes have staged a strong recovery since hitting 2022 lows in October on hopes of a less aggressive Fed, but the rally stalled in December due to mixed economic data and worrying corporate forecasts. Tesla Inc (TSLA.O) fell 2.9% after CEO Elon Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion this year and frustrating investors as the company's shares wallow at two-year lows.

☆ Futures slide as hawkish Fed quashes policy pivot hopes
▼ + stars: | 2022-12-15 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

Investors currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% by May next year, before falling to around 4.4% by year-end. Both central banks are expected to hike borrowing costs by 50 bps. Shares of megacap companies, including Apple (AAPL.O), Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and Nvidia Corp , fell between 1.1% and 2.1% in premarket trading. Trade Desk Inc (TTD.O) slipped 4.1% after Jefferies downgraded its rating for the adtech firm to "hold" from "buy". Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Savio D'Souza and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

The sale is the second big chunk of stock he has cashed out since his $44 billion purchase of Twitter in October. I've spoken to a lot of investors who have Tesla shares and they're absolutely furious at Elon." There was no immediate response to a Reuters request for comment from Tesla and from Musk emailed outside business hours. The value of Musk's total selling over the past year comes to nearly $40 billion. Tesla investor Ross Gerber, a strong supporter of Musk, said on Twitter that Tesla should announce a buy back "to take advantage to (sic) the low share price Elon has created."

☆ Morning Bid: Still a ways to go?
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +5 min

For markets navigating the barrage of major central bank interest rate rises this week - there's a ways to go, much as Fed chief Jerome Powell insists about the tightening cycle. Central banks in the Philippines, Norway and Taiwan also raised rates by 50bp, 25bp and 12.5bp respectively. But the policy message all around is that more pain is coming unless there's further evidence of sky-high inflation rates returning to 2% targets. Peak Fed rates implied in futures markets on Thursday remain 20bp below that official Fed projection and year-end market pricing is some 70bp below it. The economy there lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months.

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence LoSINGAPORE, Oct 24 (Reuters) - Suspected Bank of Japan (BOJ) intervention gave only brief respite to the Japanese yen as the dollar stayed strong on Monday, while sterling wavered as former finance minister Rishi Sunak emerged as frontrunner to become Britain's prime minister. That triggered a rally of more than 7 yen for the Japanese currency to 144.50 per dollar. Damien Boey, chief macro strategist at Sydney-based investment firm Barrenjoey, said the Japanese yen was still not close to fair value. Sterling also see-sawed on news former prime minister Boris Johnson had dropped out of running for British prime minister and was last up 0.2% at $1.1320, trimming earlier agains.

☆ Working at SNL as an NBC page was chaotic but super fun. Here's what the notoriously competitive interview process was like.
▼ + stars: | 2022-08-09 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +17 min

Michelle Tokunaga had no idea what an NBC page was before she applied for the job in New York City. This as-told-to essay is based on a conversation with Michelle Tokunaga, a former NBC page who now works for Comcast in New York City. I had no idea what the NBC Page Program was or what a page even did when I applied to the prestigious 12-month fellowship. After a few more weeks of waiting, I got an email saying I'd gotten into the page program in October. They're trusting you to work SNL or The Tonight show — you have to be able to think on your feet under pressure.

I started by asking a financial advisor for help, then opening a SEP IRA and funding it little by little. Every time someone brought up the idea of a retirement account, I rolled my eyes and tuned them out. I asked for helpWhen I decided to start saving seriously for retirement, I didn't know what to do first. I considered all my retirement account optionsI was always so intimidated by how many retirement account options there were. This allowed me to build up year one of my SEP IRA and play a bit of catch-up.

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