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What Does Tesla’s Big Layoff Mean for Production?

What Does Tesla’s Big Layoff Mean for Production?

Tuesday afternoon Tesla Inc.  (TSLA) went through with a layoff of ~9% of its workforce. CEO Elon Musk acknowledged the email leak — which is happening with regularity, so take that for what it’s worth — with a response of his own. He released his email to the public via Twitter Inc.  (TWTR) , explaining

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KKR Buying Envision Healthcare for $9.9 Billion

It’s a done deal. After a seven-month strategic review, healthcare services company Envision Healthcare Corp. (EVHC) said Monday, June 11, it has agreed to sell to private equity firm KKR & Co. (KKR) for about $9.9 billion, including the assumption or repayment of debt. The announcement came on the heels of a Reuters report on

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Trump, North Korea’s Kim Jong Un Hold Unprecedented Meeting

U.S. President Donald Trump and North Korean President Kim Jong Un met in Singapore Tuesday for an unprecedented summit which holds out hopes of reducing tension on the Korean peninsula and potentially ending the North’s nuclear weapons program. The two leaders shook hands at an exclusive hotel, marking the first time that a sitting U.S. president

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Tesla Just Hit a Pair of Big Milestones for the Model 3

While plenty of folks grab the popcorn to watch Tesla Inc.  (TSLA) CEO Elon Musk trade jabs with journalists on Twitter, Tesla’s Fremont factory just notched a couple of big production milestones for the Model 3. In a companywide email Thursday morning, Elon Musk congratulated employees for achieving a production rate of 500 Model 3 sedans a

Gap Drops

Gap Drops After Hours on Disappointing Earnings, Weak Same-Store Sales

A major quarterly slip for the Gap Inc. (GPS) . Shares of the San Francisco-based retailer dropped more than 8% in after-hours trading on Thursday, May 24, following a fiscal first-quarter earning report that showed companywide same-store sales rise just 1%, compared with 2% a year ago. Analysts were expecting a gain of 1.7%. Also

Asian markets quiet, awaiting upcoming economic data

Asia-Pacific stock moves were muted in early trading Wednesday, after most overseas benchmarks saw little change the previous day. Most markets in the region were closed Tuesday for the Labor Day holiday, and Japan will be closed Thursday and Friday. Investors on Wednesday are awaiting cues from U.S.-China trade negotiations, along with the release of

3M

3M Stock Tanks Despite First-Quarter Revenue Beat

3M Co. (MMM) beat analysts’ expectations on the top line and met them on the bottom line for the first quarter, reporting earnings Tuesday, April 24, of $2.50 per share on revenue of $8.3 billion, but the news was not taken well by investors. As a result of earnings, 3M shares closed down almost 7% Tuesday. The

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8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Amidst all the attention on Tesla’s (TSLA) struggles and insanely volatile stock this year, the share price under-performance of profitable automaker General Motors (GM) has gone overlooked. And it’s time management does something about it. Shares of the Corvette maker have tanked about 10% in 2018, lagging the Dow Jones Industrial Average’s 1.4% drop. Not helping

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