Outer space is getting crowded, with both commercial endeavors and secretive military projects. And it’s going to be up to the newest United States military branch, the Space Force, to protect A...
Tag: Economy
Corporate America Turns Up Volume on Warnings About Economy
(Bloomberg) — Corporate America is ratcheting up its warnings about the US economy. Most Read from Bloomberg Executives from Jamie Dimon and Elon Musk to Gary Friedman, the head of furniture ret...
Tesla Stock Plunge Erases $65 Billion In Value After Elon Musk Flags ‘Super Bad Feeling’ About Economy
Topline Tesla shares plummeted Tuesday after CEO Elon Musk reportedly told executives he needed to scale back hiring and cut jobs due to growing concerns over the economy, adding to worries about the ...
Americans’ Economic Anxiety Shouldn’t Surprise Anyone
SANTA YNEZ, CA – MAY 29: Gas prices at a Mobil service station were at $6.40 per gallon with Diesel … [+] fuel selling for $6.42 per gallon during the Memorial Weekend traval holiday as vi...
Elon Musk Has ‘Super Bad Feeling’ About The Economy – Terrible News For Crypto?
Elon Musk, the Tesla big boss, sent an email to executives announcing layoffs and a global recruiting freeze. Multiple news sites reported on Friday that he ascribed the decision to a “super bad feeli...
Turning Point Therapeutics, Lululemon, RH and others
Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be a...
Elon Musk Reportedly Wants To Lay Off 10% Of Tesla’s Workforce As He Frets About The Economy
Topline 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 comp...
How will Tesla’s stock react after the EV giant opts to cut jobs amid fears over economy?
Tesla’s (NASDAQ: TSLA) CEO Elon Musk said he has a “super bad” feeling about the economy; therefore, staff needed to be cut by 10%. An internal email that was seen by Reuters has shed light on this. ...
Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes
Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed po...
Blockchain Economy Istanbul Makes Grand Impact With Top Names
The World’s Top Blockchain Event To Have On Your Radar is approaching! After 2 years of the Covid-19 pandemic, Blockchain Economy Summit is again back in Istanbul on July 27-28, 2022 in one of Istanbu...
Smead Capital’s CIO says global economy is beginning to look like in 1970s; Here’s why
Bill Smead, Smead Capital’s Chief Investment Officer, is well-known for his down-to-earth demeanor and the value funds his company offers, with roughly over 10%, since their inception. However, speak...
Hormel, Ciena, GameStop and more
Check out the companies making headlines before the bell: Hormel (HRL) – Hormel added 1.7% in premarket trading after beating top and bottom-line estimates for its latest quarter. The company behind t...
First time on a yacht? Avoid these 7 amateur mistakes
While most of the travel industry struggled to get back on its feet, the yachting industry had a different problem during the pandemic: serving everyone wanting to charter a boat. Like the rise in pri...
Oraichain Launches Rebranded DINO Hub To Transform The Web3 Creator Economy With Data & AI
– Advertisement – Tortola, British Virgin Islands, 1st June 2022, Chainwire Oraichain, the world’s first AI Layer 1 for Data Economy and Oracle services, announced today the arrival of DIN...
Stock futures are little changed as investors dwell on health of the economy
U.S. stock futures were flat Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 13 points, or 0.04%. S&P 500 futu...
The Fed’s Mary Daly says rate hikes should continue until inflation is tamed
San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level. Those moves likely would entail multipl...
No Relief In Sight For Gas Prices Or Biden
LONG BEACH, CALIFORNIA – MARCH 07 : In this composite image taken at the same gasoline station … [+] 43-years apart, the price differences are reflected decades later. Top photo, taken May...
American Eagle Outfitters, Unilever, Nio and more
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy — Energy sto...
Yamana Gold, Credit Suisse, Unilever and more
Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $6.7 billion. Yamana ...
China Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy
China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spen...
China to Airdrop $4.5 Million in e-CNY to Shenzhen Residents to Bolster Local Economy
The Chinese authorities will reportedly give away 30 million yuan ($4.5 million) in e-CNY to Shenzhen’s residents on Monday in a bid to boost its pandemic-hit economy. The latest endeavor has also sho...
Stock futures rise following last week’s bounce
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE U.S. stock futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures ...
Biden Will Meet With Fed’s Powell Tuesday to Discuss Economy
Text size President Joe Biden has said getting inflation under control is his “top priority.” Anna Moneymaker/Getty Images President Joe Biden is set to meet with Federal Reserve Chair Jerome Powell o...
China will gift digital yuan to its citizens to boost the economy after the lockdown
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shang...
Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Fe...
China to gift citizens 90M digital yuan via lottery to restart economy
? Want to work with us? CryptoSlate is hiring for a handful of positions! Three Chinese provinces have announced plans to disburse roughly 90 million yuan among citizens in the form of digital yuan (e...