The recovery operation for the enormous container ship that collided with and caused the collapse of Baltimore’s Francis Scott Key Bridge in March is currently underway. The Unified Command, consisting of various local and federal agencies, is carefully managing the complex procedure to move the ship away from the site. After eight weeks of being
US
Etsy, the popular e-commerce artisan marketplace, is currently facing a series of challenges as it struggles to cope with declining gross merchandise sales, a drop in its stock price, and high inflation rates. The company, which boasts 7 million sellers, recently reported disappointing first-quarter results that included a decrease in gross merchandise sales, stagnant marketplace
Recently, Tesla announced plans to cut approximately 600 more employees at its manufacturing facilities and engineering offices. These job cuts have affected a wide range of roles, from entry-level positions to directors, across various departments. The company cited weakening demand for Tesla EVs and increased competition as reasons for the restructuring. This move is part
Following a period of heightened scrutiny from the Federal Aviation Administration (FAA) due to several safety incidents, United Airlines has received clearance to add new aircraft and routes. The FAA has acknowledged the proactive safety measures taken by United and has allowed the carrier to restart its certification activities. The delay in obtaining FAA approval
Dell’s shares surged by more than 9% to hit an all-time high following a price target raise by Morgan Stanley and a positive outlook on the company’s potential sales in the artificial intelligence server market. Analyst Erik Woodring from Morgan Stanley highlighted Dell’s accelerating momentum, particularly in securing contracts to build AI servers, which he
The latest report on wholesale prices for April has shown an unexpected jump, which could potentially hinder any near-term interest rate cuts. This increase in the producer price index has raised concerns and implications for future monetary policy decisions by the Federal Reserve. Let’s delve deeper into the key highlights and ramifications of this development.
Entering the job market as a new college graduate is proving to be more challenging than ever before. According to a report from the National Association of Colleges and Employers, employers are planning to hire approximately 5.8% fewer new college graduates from this year’s class compared to the Class of 2023. This decline comes after
As speculation regarding rate cuts heightens, there is also an increasing discussion around the Federal Reserve’s communication strategy. Economists are divided on the number of rate cuts expected from the Fed in 2024, despite perceived dovish signals from Fed Chair Jerome Powell in his recent press conference and the Federal Open Market Committee’s latest statement.
Recent court documents have revealed that both Mina Colin Strother, former campaign manager and chief of staff for Rep. Henry Cuellar, and Florencio “Lencho” Rendon, a Texas businessman described as a close associate of Cuellar, have agreed to plead guilty and cooperate with the Justice Department’s bribery case against Cuellar. This development sheds light on
Tesla, the electric vehicle company led by CEO Elon Musk, has recently come under fire for alleged actions taken to prevent employees at its Buffalo, New York plant from unionizing. The National Labor Relations Board (NLRB) filed a complaint accusing Tesla of implementing policies that discouraged workers from forming or joining a union. Accusations of