Tesla Sales Slow as the Pandemic Hobbles Production
The decline in deliveries by the electric carmaker in the second quarter was the first drop since the beginning of 2020. The main reason was factory shutdowns in China. go to Article >
As the US prepares for a recession, more companies announce massive layoffs; Robinhood slashes an additional 23% of its staff
Slowing business growth and economic recession fears are forcing corporations to find cost-cutting solutions. As a result, the summer of 2022 has become the season of massive nationwide job cuts.Robinhood, a California-based financial service... read more
As Fed battles inflation demon with aggressive rate hikes, economy hangs in balance
With prices rising at their fastest pace in a generation, the Federal Reserve hopes another aggressive rate hike will help it get high inflation under control. Wall Street expects the Fed will raise its benchmark interest rate by an additional... read more
Yellen believes U.S. will get on board with global minimum corporate tax — eventually
Updated July 19, 2022 at 9:43 AM ET Treasury Secretary Janet Yellen is wrapping up a weeklong trip to the Indo-Pacific, her first since taking over the role. She represented the U.S. at G-20 finance minister meetings in Bali before making... read more
Tesla Sales Slow as Pandemic Hobbles Production
Deliveries by the electric carmaker fell in the second quarter because of factory shutdowns in China. read more
Tesla’s 2Q sales drop amid supply chain, pandemic problems
Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles. read more
Tesla's 2Q sales drop amid supply chain, pandemic problems
Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles read more
Tesla’s 2Q sales drop amid supply chain, pandemic problems
Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles. … Click to Continue » read more
Tesla's 2Q sales drop amid supply chain, pandemic problems
Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles read more
Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs
Tesla CEO Elon Musk has a "super bad feeling" about the economy – so much so that he's directing company executives to freeze hiring and cut staff, according to an internal email seen by Reuters. In the email reportedly titled "pause all hiring... read more
The U.S. needs more homes, but builders may be slowing construction
Rising interest rates and record home prices are making it impossible for many Americans to buy a house, and that's making builders less confident that if they build a home they'll be able to sell it. That could be a very big problem because the... read more
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