Former Tesla executive Drew Baglino recently announced his resignation from the electric vehicle company, along with selling approximately $181.5 million worth of Tesla shares in a filing with the SEC. This move came shortly after Tesla revealed plans to lay off 10% of its workforce and experienced a drop in first-quarter deliveries and stock price.
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Thrasio, once a titan in the world of Amazon third-party sellers, is now facing a mass exodus of its top executives, including CEO Greg Greeley. This comes on the heels of the company declaring bankruptcy earlier this year. Along with Greeley, five other senior executives, including the CFO, CTO, and Chief Commercial Officer, are also
The recent surge in commodity prices has raised concerns among investors and financial experts about its potential impact on inflation and monetary policy decisions. As the CEO of the Norges Bank Investment Management (NBIM) highlighted, the rising energy and raw material prices could lead to higher end-product prices, which in turn could fuel inflation. This
Jack Dorsey, the CEO of Block (formerly Square), recently announced that the company is taking its bitcoin mining efforts to the next level. They are not only designing chips but will also be developing a full bitcoin mining system. This move signifies Block’s commitment to making bitcoin mining more accessible and decentralized. In a recent
The recent landslide victory of Maldives President Mohamed Muizzu’s ruling pro-China party has solidified its dominance in the country’s political landscape. With the People’s National Congress winning 65 out of 93 parliamentary seats, the outcome of the election is poised to have far-reaching implications for the region. By moving closer to China, the Indian Ocean
President Joe Biden recently shared his Plan B for student loan forgiveness, which included a vision to provide free community college education to students. However, many experts argue that loan forgiveness is merely a temporary solution to the larger issue of college affordability. While loan forgiveness may benefit those with existing debt, free college appeals
The tragic incident of a man setting himself on fire outside the courthouse where former President Donald Trump’s hush money trial was taking place has shocked the nation. The man, identified as Maxwell Azzarello, lost his life in a horrifying act of self-immolation. The incident took place in the designated protest area outside the courthouse
The jury selection process in former President Donald Trump’s hush money trial in New York was a meticulous and time-consuming procedure. The prosecution and defense teams had to interrogate a pool of nearly 200 individuals to select 12 jurors and an alternate who would be able to render a fair and impartial verdict. The selected
In a recent internal email sent out by Tesla CEO Elon Musk, it was brought to light that the company had erroneously sent out severance packages that were too low to a number of laid-off workers. This mistake was acknowledged by Musk himself, apologizing for the error and ensuring that it would be corrected immediately.
Tesla, the electric vehicle manufacturer, has announced that it will be laying off 285 employees in the state of New York as part of a broader restructuring plan. This decision comes after CEO Elon Musk sent out a company-wide memo stating that more than 10% of the global workforce would be reduced. The majority of