U.S. Senate passes Biden’s mega health, climate bill; House to vote next

[ad_1] The U. S. Senate has approved President Joe Biden $740 billion economic package  — aka the Inflation Reduction Act  — after Vice President Kamala Harris cast the tie-breaking vote The U. S. Senate has approved President Joe Biden $740 billion economic package  — aka the Inflation Reduction Act  — after Vice President Kamala Harris […]

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Meta slashes hiring plans, girds for ‘fierce’ headwinds

[ad_1] Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in […]

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Tesla’s run of record deliveries may be reaching the end of the road

[ad_1] Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Tesla Inc is expected to end its nearly […]

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Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

[ad_1] Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Elon Musk, CEO of Tesla, said […]

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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 […]

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