Author: Press Room
Check out the companies making headlines in midday trading. Tesla — Shares fell 2.8% after an internal memo said the electric vehicle maker is planning to lay off more than 10% of its global workforce . “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” CEO Elon Musk said in the memo. Tesla had almost 141,000 employees as of December 2023. Goldman Sachs — Shares climbed 3.4% after the investment bank beat Wall Street’s first-quarter earnings expectations , reporting a 28%…
Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and clean energy company. CEO Elon Musk thanked both departing execs on X, the social network he owns and runs as chief technology officer.The news comes after Tesla said it is laying off more than 10% of its workforce.Baglino had worked with Tesla since its early years, starting as a firmware and electrical engineer in 2006. He most recently reported directly to Musk as the company’s senior vice president for powertrain and energy engineering.Patel joined Tesla in 2016 after working as a senior advisor…
Tesla is reportedly cutting more than 10% of its global staff of 140,000. The cuts for the company, which had nearly doubled its overall headcount since the end of 2020, is just the latest example of the effects of more competition and softer demand in the electric car sector. An email that CEO Elon Musk sent to staff over the weekend attributed the planned job cuts to the need for “cost reductions and increasing productivity,” according to a report from Reuters. It did not mention anything about the slowdown in demand for electric vehicles or about Tesla sales. “We have…
Last updated: April 15, 2024 11:27 EDT | 5 min read Solana Price Prediction as SOL Drops 5% – Can It Recover From Its Recent Crash? / Source: Cryptonews With the Solana (SOL) price having dropped by around 5% on Monday as macro headwinds come in, traders are questioning whether the token might be able to recover from its recent crash.The Solana price was last around $144, down sharply from earlier session highs above $156. However, the token is up 17% from its Saturday lows just above $120.SOL dropped suddenly last week amid a widespread altcoin sell-off on concerns about…
Halfway to the weekend! A legendary piece of social-media history is returning: the Facebook Poke. Best of luck in all your Poke wars.In today’s big story, we’re looking at why the economy has most consumers feeling like they are stuck in place.But first, don’t move a muscle.If this was forwarded to you, sign up here.The big storyEconomic freezeFor better or worse, we’re all stuck in our current economic situations.A “trapped in place” economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can’t make any major life changes, writes Business Insider’s Emily Stewart.The housing market…
Advertising tech companies are rushing to move away from third-party cookies.They’re also developing new products for hot areas like streaming TV and retail media.Business Insider identified 33 up-and-coming adtech talent.With big challenges like the death of third-party cookies and new opportunities from areas like retail media and streaming TV, adtech companies are in a race for the industry’s top talent.Big adtech firms, startups, publishers, and retailers are competing for staff to grab a cut of the ad money that big streamers like Netflix, Disney, and Amazon are making as advertisers shift budgets away from linear TV. And they’re hoping to…
Listen below or on the go on Apple Podcasts and Spotify Further conflict could boost oil prices and keep U.S. inflation high. (0:16) Netflix highlights earnings this week. (2:57) Piper Sandler picks Triple Select Stocks. (3:30) The following is an abridged transcript: Geopolitics will be top of mind for the markets this week following the missile and drone attack by Iran on Israel. Stocks in Israel showed resilience The Tel Aviv benchmark TA-35 rose +0.3%. An “attack from Iran was anticipated,” IBI chief economist Rafi Gozlan told The Times of Israel. “Investors are now in a wait-and-see position to see…
Just after dark on Saturday in Tehran, the commander of the Revolutionary Guards picked up a phone and issued an order to begin “Operation True Promise” — an unprecedented aerial assault by the Islamic republic on the Jewish state. Before Major General Hossein Salami read out the names of the senior Iranian military officials whose killings, in a suspected Israeli air strike on April 1 in Damascus, the guards were seeking to avenge, he chanted a verse from the Koran.“Fight them!” he said. “Allah will chastise them at your hands, and He will lay them low and give you victory…
Top WH official: We don’t believe Iran attack is start of a broader war White House National Security Communications Adviser John Kirby tells CNN’s Jake Tapper that Iran’s attack on Israel “truly was unprecedented” but says the White House doesn’t believe it’s the start of a broader war in the region, “nor do we believe it has to be.” Read the full article here
RIO DE JANEIRO (Reuters) – Pop superstar Madonna will hold a concert on the sandy shores of Copacabana Beach in Rio de Janeiro, the companies behind the event confirmed on Friday. “Brazil, I’m coming soon,” the “Material Girl” and “Vogue” singer said in a video released earlier this week by local lender Itau Unibanco. More details about Madonna’s concert will come out in a press conference on Monday, according to an invitation sent to journalists on Friday by Itau and Dutch beermaker Heineken (AS:), which has a large presence in Brazil. The local hotel industry cheered the reports. “New Year’s…
