Elon Musk warns of major layoffs at Tesla

The head of the electric carmaker says he has a “super bad feeling” about the economy Tesla owner and CEO Elon Musk plans to cut 10% of the company’s workforce due to a “super bad feeling” he has about the economy, Reuters reported on Friday, citing an email form Musk to executives titled “pause all hiring…

399
Like
Save
Shut crypto down – JPMorgan boss

Digital assets facilitate illegal activities and should be banned, Jamie Dimon says Cryptocurrencies should be outlawed, JPMorgan CEO Jamie Dimon said at the US Senate Banking Committee’s annual Wall Street oversight hearing on Wednesday.

399
Like
Save
Russia issues strong warning to leaving firms

Enterprises of foreign companies that have pulled out of Russia may be subjected to bankruptcy proceedings, according to Russian Finance Minister Anton Siluanov. He said on Monday that the insolvency procedure for such businesses could take from three to six months.

399
Like
Save