Former Tesla executive Drew Baglino made headlines when he announced his resignation earlier this month. Along with this announcement, it was revealed that Baglino sold shares in the electric vehicle company worth approximately $181.5 million, as reported in a filing with the SEC. Baglino, who had been with Tesla since 2006, decided to sell about
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Thrasio, the leading aggregator of Amazon third-party sellers, is currently facing a major shakeup within its top leadership team. CEO Greg Greeley, along with five other senior executives, have recently announced their departure from the company. This news comes just months after Thrasio filed for bankruptcy, signaling even further turmoil within the organization. In an
The CEO of the world’s largest wealth fund, Nicolai Tangen, recently expressed concerns about the current state of financial markets. He highlighted the impact of soaring energy and raw material prices on the inflation outlook. Tangen pointed out that a commodities rally could lead to higher end-product prices, ultimately affecting inflation expectations. The S&P GSCI
Jack Dorsey, the CEO of payments company Block, has announced the expansion of their bitcoin mining ambitions. The company, formerly known as Square, has revealed plans to move beyond just designing chips to developing a full bitcoin mining system. This new system includes a standalone three-nanometer bitcoin mining chip along with a custom-designed mining system.
In a significant development, Maldives President Mohamed Muizzu’s ruling People’s National Congress secured a landslide victory in the recent parliamentary election. Preliminary results indicate that the party won 65 out of 93 seats, consolidating its power in the Indian Ocean archipelago. This outcome is expected to mark a turning point in the country’s foreign policy,
As President Joe Biden introduced his Plan B for student loan forgiveness, the discussion around making some college education free was reignited. The move to make community college tuition-free in an effort to eliminate the need for loans was met with mixed reactions. While some experts argue that loan forgiveness is merely a temporary solution
The tragic incident that occurred outside the courthouse where former President Donald Trump’s hush money trial was taking place has left many in shock and disbelief. A man, identified as Maxwell Azzarello of St. Augustine, Florida, set himself on fire in what can only be described as a horrifying act. The sequence of events leading
The jury selection process in the former President’s hush money trial in New York was a meticulous procedure that involved screening nearly 200 potential jurors to ensure a fair and impartial trial. The prosecutors and defense team went through great lengths to narrow down the pool of potential jurors to 12, plus an alternate, by
Tesla CEO Elon Musk recently sent an internal email to employees, admitting that some severance packages provided to laid-off workers were inaccurately low. He expressed his apologies for the mistake and assured staff that the issue is being promptly addressed. This revelation sheds light on the internal challenges that Tesla is currently facing amidst its
The recent announcement of Tesla laying off 285 employees in New York as part of a broader restructuring has sent shockwaves through the industry. This decision comes on the heels of CEO Elon Musk’s company-wide memo detailing a reduction of more than 10% of its global workforce. While the layoffs were primarily concentrated at the