Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
What happens when there's slow economic growth and high inflation? Economists call that "stagflation," and given the slowing growth in the first quarter of 2024 and the higher inflation in February and March, we may be reliving that ghastly economic phenomenon.
Maria Bello, 57, appears to already be married to her longtime fiancée, French chef Dominique Crenn, who is 56. They said they would marry in the spring of 2024 and look to have done so.
Bidenomics - Inflation Persists And Jobs Decay: Gingrich Authored by Newt Gingrich via The Epoch Times (emphasis ours), Last week brought bad news for the American people and President Joe Biden. Inflation persists and jobs are decaying. President Joe Biden speaks about Bidenomics at CS Wind, in Pueblo, Colo., on Nov. 29, 2023. (Michael Ciaglo/Getty Images) On inflation, the U.S. Bureau of Labor Statistics (BLS) reported prices rose 3.5 percent between March 2023 and March 2024....
A first-of-its-kind study shows conservation is worth investing in, researchers say.
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
Rep. Ro Khanna (D-Calif.) defended Speaker Mike Johnson (R-La.) on Sunday, saying he “deserves to keep his job” as he faces down a threat to remove him after backing aid for Ukraine and Israel. Rep. Marjorie Taylor Greene (R-Ga.) leads a group of three GOP members who have signed onto a motion to vacate the
Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and servicesConsumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly –...
"Cost reductions and increased productivity" needed, says Musk.
Literally the day after President Biden bragged, "We're following my blue collar blueprint to rebuild America, and guess what? It's working!", Bidenomics struck with a vengeance Thursday.
Two businessman have said the closure of a Yardley subway has left them 'struggling'