Fed Releases Latest Beige Book; Telsa is Building Battery Factory in Nevada
Stocks end the day once again mixed. Tesla (TSLA) is planning on building its new $4 billion battery Gigafactory in Nevada. This factory will employ nearly 6,500 near Reno. The Federal Reserve released the latest version of its beige book today and stated that economy expanded at a modest to moderate pace over the past 6 weeks. The booming auto and tourism industries primarily drove growth over the past couple of weeks. The Beige Book also reported that economic activity expanded in all 12 districts for the second straight time.
Word on the Street
Published on Sep 3, 2014By InvestorGuide Staff