Tesla’s stock remains under pressure as company cuts prices for many models
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As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.CNBC - Business - California -
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices ...NBC News - Top stories - California -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
‘We know consumers are feeling pressured’: Target to cut prices on 5,000 items ahead of Memorial Day weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.MarketWatch - Business -
Protesters vow to keep up pressure on Tesla as it expands German gigafactory
Town of Grünheide approved the US automaker’s plan on Thursday to double the capacity of the site, despite opposition. Environmental protesters vowed to keep up the pressure on Tesla after failing to stop plans by Elon Musk’s company from ...The Guardian - World - Tesla -
Netanyahu under pressure to detail post-war plans for Gaza
Israel's Prime Minister Benjamin Netanyahu is under pressure from both the U.S. and his country's parliament to explain what will happen in Gaza after the war against Hamas.CBS News - World - Israel -
FAA under new pressure to examine size, safety of airplane seats
Airline carriers have been shrinking seats for years, prompting Congress in 2018 to order the FAA to set new standards to ensure passengers can evacuate in 90 seconds or less, but their testing was widely criticized. Now, as part of the FAA ...CBS News - Top stories -
Many remember solid economy under Trump, but his record also full of hype, debt
Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hypeABC News - Top stories -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Damage Control for Tesla as European Leasing Companies React to Falling Fleet Values
Major car rental firms and leasing firms have complained about Tesla's servicing and repairs for years.Inc. - Business -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
Target to cut prices on 5,000 items in bid to lure cash-strapped customers
Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.CBS News - Top stories -
Biden takes credit for Target grocery price cuts: 'They're answering the call'
Target announced price cuts on roughly 5,000 items, which Biden says is because of his administration's pressure campaign.CNBC - Business - Joe Biden -
Companies warn against immigration cuts as Trump plans crackdown
Business groups say US economy remains dependent on foreign workers as migration becomes election issueFinancial Times - World - Donald Trump -
NBA Draft Combine 2024 winners and losers: Bronny James performs under pressure; Zach Edey is bigger, but slow
As the NBA Draft Combine winds down, here are the biggest winners and losers from this week in ChicagoCBS Sports - Sports - NBA -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Oil prices drift lower but remain stuck in narrow range as market struggles to find catalysts
U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.CNBC - Business -
European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
Target cutting prices on thousands of basic items: Here's which items will cost less
The retail chain said customers will see lower prices on items ranging from milk to diapers.ABC News - Top stories -
Target’s price cuts imply earnings may be a concern — but UBS says don’t worry
“Our take is that these actions are a sign of strength, not a signal of vulnerability,” a UBS analyst wrote about the retailer’s price cuts.MarketWatch - Business -
Under Armour’s stock buoyed by hopes for restructuring as founder Kevin Plank returns, pledges renewed focus on men
Under Armour Inc.’s stock rose Thursday after the athletic-apparel maker approved a restructuring plan and beat analyst estimates for fourth-quarter adjusted earnings.MarketWatch - Business -
Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
These are some of the stocks posting the largest moves in premarket trading.CNBC - Business - Stock Market -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Cathie Wood’s ETFs have been buying up stock in this online-gaming company
Roblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes them much more attractive.MarketWatch - Business -
Keywords Studios’ stock surges as videogame company mulls improved £2 billion bid from EQT
The Swedish private -quity giant is considering acquiring Keywords Studios for 2,550 pence per share, in what would mark a 73% premium on its closing price Friday.MarketWatch - Business -
Too Many Credit Cards? Here's How Visa Plans to Change That
The credit card company plans numerous technological innovationsthat will widen payment options and reduce the number of cards people carry in their wallets.Inc. - Business -
Many Armies Struggle for Recruits. In Sweden They Turn Them Away.
American and European militaries are straining to reinforce their ranks to deter Russia. Sweden’s answer is to conscript only the brightest and best.The Wall Street Journal - World -
OpenAI pauses use of voice that many compared to Scarlett Johannson's
OpenAI said Monday that it is pausing use of a voice in its projects that many people have compared to Scarlett Johansson's in the sci-fi dystopia movie “Her.”NBC News - Top stories -
Why do so many weddings have a ‘no photos’ rule?
Although couples love banning phone pictures on their big day, there’s joy in taking amateur snaps. The first time I attended a friend’s wedding was in spring 2007, a month and a half before the first iPhone went on sale. I was still in college at ...The Guardian - World -
Ubisoft's COD-Like Shooter XDefiant Is Unplayable For Many On Launch Day
Ubisoft's brand-new Call of Duty-like shooter XDefiant, which was designed in part by former longtime Call of Duty boss Mark Rubin, launched today--and it encountered major issues right out of the gate.. Players are reporting that they are unable ...GameSpot - Tech -
Tesla’s Controversial Factory Expansion Is Approved
After anti-Tesla activists clashed with police in Germany last week, local councillors today backed Elon Musk’s plan to make Tesla’s only European Gigafactory even bigger.Wired - Tech -
The Kind of Climate Models That Insurers Need
Economics can help with a joined-up understanding of climate risks as the insurance industry reinvents itself.The Wall Street Journal - World - Climate -
From RAGs to Vectors:HowBusinessesAre CustomizingAI Models
Here’s a guide to popular tools and techniques businesses rely on to take generative AI to the next level.The Wall Street Journal - World -
Is Your Company Ready for Interdependence?
Independence is great, but interdependence is what's really rewardingInc. - Business -
How Companies Dodge Tariffs
Protectionist trade policies are popular on both the left and right. But some economists say they’re likely to backfire.The New York Times - Business -
Singer Libianca on the pressure to take sides in Cameroon war
The star of viral hit People talks to the BBC about getting death threats for waving a Cameroonian flag.BBC News - Top stories -
Israel continues operation in Rafah amid growing pressure
Israel continued its attacks in Gaza, including in the southern Gaza city of Rafah, despite growing international pressure to limit the scope of the offensive. Imtiaz Tyab has more.CBS News - World - Israel -
FDIC Chair Martin Gruenberg to resign as pressure mounts
Federal Deposit Insurance Corp. Chair Martin Gruenberg says he will resign once the banking regulator finds a successor.MarketWatch - Business -
Italian taxi drivers’ strike raises pressure on Meloni government
Action comes after government minister met delegation of executives from ride-hailing app UberFinancial Times - World