Tesla, the renowned electric vehicle manufacturer, has recently announced “market adjustment” pay increases for its factory workers across the United States. According to reports, notices were posted at the company’s vehicle assembly plant in Fremont, California, notifying employees of the pay rate modifications. It has been confirmed by an anonymous employee in Fremont that the
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The surge of technology conglomerates acquiring smaller companies has become increasingly common in recent years. One such acquisition that has attracted significant attention is Amazon’s planned $1.7 billion purchase of iRobot, the makers of the Roomba robotic vacuum cleaner. However, concerns over antitrust issues in the European Union (EU) have led to a decline in
Boeing CEO Dave Calhoun expressed his regret and acknowledged the company’s mistake after a door plug on a 737 Max 9 aircraft blew out during an Alaska Airlines flight. The incident resulted in a gaping hole in the fuselage, leading to the grounding of all 737 Max 9 jets by federal regulations. The Federal Aviation
In the midst of optimism surrounding the possibility of a soft landing for the economy, a Deutsche Bank economist warns that the danger of a recession has not passed. Jim Reid, the bank’s head of global economics, argues that such optimism is common before an economic downturn. While many point to a strong labor market
Amid rising tensions in the Middle East, Secretary of Defense Lloyd Austin’s hospitalization has raised concerns within the administration. This article explores the details surrounding Austin’s hospitalization, the delayed communication within the White House’s National Security Council, and the potential impact of his absence on ongoing military operations in the region. Secretary of Defense Lloyd
Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced its plans to enter the world of crypto-linked derivatives trading in the European Union (EU). The company has exclusively revealed to CNBC that it has entered into an agreement to acquire an unnamed holding company that possesses a MiFID II license, which
An open letter written by eight employees of Elon Musk’s defense contractor, SpaceX, has led to a complaint filed by the U.S. National Labor Relations Board (NLRB). The letter, which criticized Musk’s behavior and accused the company of selectively allowing sexual harassment, was initially circulated internally at SpaceX. It detailed the employees’ concerns about Musk’s
The Federal Reserve has indicated that interest rate cuts are likely to occur in 2024, according to meeting minutes released on Wednesday. While the exact timing of these cuts remains uncertain, members of the rate-setting Federal Open Market Committee (FOMC) agreed to maintain the benchmark rate at a range between 5.25% and 5.5% during the
Shares of Moderna surged more than 15% on Tuesday following an upgrade by Oppenheimer, who now rates the stock as “outperform.” The investment firm believes that Moderna, known for its Covid vaccine, has the potential to market five different products by 2026. This upgrade comes after a challenging year for the company in 2023, where
Baby formula maker Reckitt Benckiser’s Mead Johnson Nutrition has issued a voluntary recall of certain batches of their baby formula powder, Nutramigen. The recall is due to potential bacterial contamination, which poses a risk to infants who are allergic to cow’s milk. This article will discuss the details of the recall and the potential health