Tesla is getting rid of 3,332 jobs in California and 2,688 jobs in Austin, Texas, according to notices filed as part of the Worker...

The renowned 'Magnificent 7' of U.S. megacap tech stocks has experienced a significant retreat as first-quarter earnings updates commence this week, notably with AI-chip leader Nvidia NVDA.O plunging 10% on Friday amid a tense week for the sector. Global markets stabilized more broadly on Monday following a weekend in the Middle East without further missile exchanges between Israel and Iran, a situation already anticipated since Friday. However, the post-weekend shift away from 'safety trades' has resulted in U.S. crude prices CLc1 dropping to their lowest level this month, and gold prices XAU= declining by 1%. With four of the Magnificent 7 scheduled to report corporate updates this week - Tesla TSLA.O, Meta META.O, Microsoft MSFT.O, and Alphabet GOOGL.O...

Amidst a gathering storm of global tensions, Jamie Dimon, the CEO of JPMorgan Chase, delivered a stark warning during a recent address at the Economic Club of New York. Describing the current geopolitical terrain as the most intricate and perilous since the aftermath of World War II, Dimon highlighted the invasion of Ukraine by Russian forces and the ensuing nuclear brinkmanship, alongside simmering conflicts such as the volatile situation in Israel. These geopolitical tensions, he emphasized, have far-reaching ramifications, impacting not only oil, gas, and trade but also the intricate web of military alliances. Dimon's concerns extend beyond mere economic indicators. He stressed that the intricate dance of global powers, particularly the complex relationship between the United States...