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
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As an investor, it is essential to always be on the lookout for opportunities to diversify your portfolio and mitigate risks. One way to do this is by considering steady growth stocks that have a low correlation to high-flying stocks like Nvidia. Trivariate Research’s Adam Parker recently highlighted the importance of looking for alternatives to
The college admission cycle this year has been particularly difficult for students due to financial uncertainties. National College Decision Day is rapidly approaching, but many students are still unsure about their financial situation. The Free Application for Federal Student Aid has been plagued with problems, causing delays in the processing of financial aid award letters.
The recent closure of airspace in the Middle East due to Iran’s launch of drones towards Israel has had a significant impact on flights in the region. United Airlines, which had just resumed service to Tel Aviv after previous suspensions, was forced to cancel its Newark to Tel Aviv flight. Jordan and Iraq also closed
Former President Donald Trump and House Speaker Mike Johnson’s recent pitch for new legislation to crack down on noncitizen voting is based on misleading claims and unnecessary measures. The proposal to require documentary proof of citizenship to register to vote is redundant given that it is already illegal for noncitizens to vote in both state
As Tesla CEO Elon Musk announced plans to reveal a new robotaxi product in August, it has come to light that Tesla has not applied for the necessary permits from two California agencies that regulate robotaxis. The lack of permits raises questions about the timeline for getting a robotaxi service up and running in the
On Thursday, Apple shares experienced a significant 4.3% increase, reaching a share price of $175.04. This marks Apple’s best performance since May 5, 2023. The surge in Apple’s stock price occurred amidst a strong day for technology stocks, particularly those in the artificial intelligence sector, as the Nasdaq Composite rose by 1.77%. It is important
Despite facing external and internal doubts and pressures over the past year, Alibaba underwent a historic overhaul with sweeping management changes. The company’s goal was to return to growth under the leadership of founder Jack Ma. Ma recently praised the company’s reorganization, highlighting the birth of a strong and courageous team within Alibaba. This restructuring
Defense Secretary Lloyd Austin’s recent comments regarding the ongoing conflict between Israel and Hamas have raised eyebrows and sparked controversy. During a Senate Armed Services Committee hearing, Austin stated that the U.S. has not seen any evidence of genocide being committed by Israel in Gaza. This assertion is troubling given the mounting evidence of civilian
Tesla recently settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two, who lost his life in a tragic accident involving his Model X SUV with Autopilot features activated. The incident took place near Mountain View, California, in 2018, when Huang’s vehicle crashed into a highway