Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’

[ad_1] Musk in an email to Tesla executives on Thursday said he has a “super bad feeling” about the U.S. economy and needed to cut jobs by about 10%. Musk in an email to Tesla executives on Thursday said he has a “super bad feeling” about the U.S. economy and needed to cut jobs by […]

Continue Reading

Joe Biden says U.S. recession not inevitable, pain to last ‘some time’

[ad_1] ‘This is going to be a haul,’ U.S. President says ‘This is going to be a haul,’ U.S. President says United States President Joe Biden said that he does not believe a economic recession in the U.S. is inevitable despite record high inflation and supply shortages partly caused by Russia’s invasion of Ukraine. Speaking […]

Continue Reading

Fed raises key rate by a half-point in bid to tame inflation

[ad_1] The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point The Federal Reserve intensified […]

Continue Reading