Recently, Tesla announced that it would be cutting approximately 600 more employees from its manufacturing facilities and engineering offices in California. These job cuts spanned a wide range of positions, from entry-level roles to directors, and affected various departments such as factory workers, software developers, and robotics engineers. This move was part of Tesla’s ongoing
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After facing increased scrutiny from the Federal Aviation Administration due to safety incidents earlier in the year, United Airlines has received clearance to add new aircraft and routes. This recent development comes after the FAA had put a hold on the airline’s certification activities, including launching new routes to destinations like Faro, Portugal. In a
The recent surge in Dell shares by over 9% to an all-time high can be attributed to Morgan Stanley’s optimistic outlook on the company’s future. Analyst Erik Woodring raised Dell’s price target and highlighted the growing demand for artificial intelligence servers as a key driver of sales. According to Woodring, Dell is gaining momentum, particularly
The recent surge in wholesale prices has raised concerns about the possibility of interest rate cuts in the near future. According to the Labor Department’s Bureau of Labor Statistics, wholesale prices increased by 0.5% in April, exceeding the Dow Jones estimate of 0.3%. While this may indicate rising inflationary pressures, it also poses challenges for
As new college graduates prepare to enter the workforce, they are faced with a job market that is less promising than in previous years. Employers are planning to hire about 5.8% fewer new college graduates from this year’s class compared to the previous year, according to a report from the National Association of Colleges and
As the anticipation for signals around rate cuts intensifies, the debate around how the Federal Reserve communicates with the public has become more intense. Economists are split on the number of rate cuts to expect from the Fed in 2024, despite what was perceived as dovish signals from Fed Chair Jerome Powell in his latest
Recent developments in the case against Rep. Henry Cuellar, D-Texas, have revealed that his former campaign manager and a close associate have agreed to plead guilty and cooperate with the Justice Department’s bribery investigation. Mina Colin Strother and Florencio “Lencho” Rendon signed plea deals in March, signaling potential trouble for Cuellar. Cuellar and his wife,
Tesla is facing accusations from the National Labor Relations Board of implementing measures to hinder employees at its Buffalo, New York facility from unionizing. The NLRB’s regional director for Buffalo, Linda Leslie, filed a complaint outlining how Tesla’s acceptable use policy for workplace technology in 2023 aimed to discourage workers from forming or joining a
Belgium’s AB InBev saw a 5% increase in its shares on Wednesday following the release of its first quarter financial results. Despite a 0.6% decrease in volumes sold, the world’s largest brewer managed to achieve a 2.6% increase in revenue to $14.55 billion, slightly surpassing analyst expectations. Additionally, the company reported higher underlying profit of
In the world of investing, stocks that have been spun off from larger corporate parents have emerged as some of the most consistent winners of this year. These spinoffs offer investors a unique opportunity to capitalize on unlocked and potentially underappreciated value in the market. According to Morgan Stanley, spinoffs have historically outperformed the broader