00:00 Speaker A
It’s time for your finances. Market minute, stocks slip as the Fed kicks off its two-day policy meeting. Investors keep an eye on how President Trump’s tariffs could influence the Fed’s next move. Tesla shares under pressure as Europe remains a tough market for the EV maker. Data points to demand weakness amid a model Y changeover and CEO Elon Musk, polarizing role in the Trump administration. Latest data out of the UK found Tesla registrations falling 62% in April compared to a year earlier. Tesla’s UK underperformance follows weakness in other key regions. Germany’s KBA trade group reporting registrations dipping 46% in that country. Meanwhile, Upwork shares surging after topping first quarter earnings and revenue estimates. The online recruitment services company also raised its full-year forecast per just and EBITDA beating Wall Street’s expectations. That’s your Yahoo Finance market minute. For more on what’s trending, scan the QR code below.