© Reuters. By Daniel Shvartsman Investing.com — Stock markets ended the first week of June on a down note, as a strong U.S. jobs report made clear the Federal Reserve and other central banks can continue their monetary tightening policy, at the expense of risk assets. This week brings CPI reports in the U.S., as…
The tough time that the crypto sphere is going through is not about to go away. Judging by the recent decisions announced by the big names in the sector, it is even logical to say that what industry sources call “crypto winter” will continue for several more weeks, at least, even if volatility is the…
Elon Musk doesn’t like unions and does not hide it. He is opposed to the creation of a union at Tesla, and will do anything to make unionization efforts fail. His favorite argument is that the manufacturer of electric vehicles offers among the most attractive working conditions and wages and benefits. His aversion to unions…
© Reuters. Charting the Global Economy: Inflation Hits a Record in Europe (Bloomberg) — Record inflation in the euro zone is seen fueling the European Central Bank’s tightening debate at this coming week’s policy meeting, where officials are expected to end asset purchases and lay the ground for an interest-rate liftoff next month. In the…
Share to FacebookShare to TwitterShare to LinkedinTopline Tesla CEO Elon Musk’s ultimatum for employees to return to the office for at least 40 hours per week—or else—started a Twitter spat with Atlassian’s billionaire CEO Scott Farquhar, who said Tesla’s directive was “like something out of the 1950s” and suggested he would be happy for Tesla…
Share to FacebookShare to TwitterShare to LinkedinTopline Tesla CEO Elon Musk wants to lay off around 10% of Tesla’s workforce due to his concerns about the state of the global economy, Reuters reported on Friday citing an internal email sent to company executives, a move that could see thousands of workers at the electric car…
TEHRAN, Iran (AP) — Iran’s Supreme Leader Ayatollah Ali Khamenei acknowledged Saturday that Iran took the oil from two Greek tankers last month in helicopter-launched raids in the Persian Gulf.The confiscations were retaliation for Greece’s role in the U.S. seizure of crude oil from an Iranian-flagged tanker the same week in the Mediterranean Sea over…
Big tech is experiencing a big shift in C-Suite talent as high ranking executives from some of the world’s largest companies take their leave. Amazon is the latest company to announce a big shift as Consumer Chief Dave Clark resigns from Amazon (AMZN) – Get Amazon.com, Inc. Report after 23 years at with company. Clark’s resignation…
© Reuters. FILE PHOTO: The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts By Lewis Krauskopf NEW YORK (Reuters) – A rally that lifted U.S. stocks from the…
2/2 © Reuters. Passersby wearing protective face masks are seen in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato 2/2 By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell as U.S. Treasury yields reached two-week highs on Friday…
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