Tesla shares surge after Elon Musk secures deal with China’s Baidu
Tesla shares surged after chief executive Elon Musk struck a deal with China’s search and mapping group Baidu paving the way for the US
“It wouldn’t surprise me if they see an outflow of clients over the next six months,” one user told MarketWatch.
Since the vast majority of retirees won’t live to 95, some experts say people might be spending far too cautiously and not fully enjoying their retirement. “There isn’t just one number; the key is providing better guidance,” says David Blanchett, head of retirement research for PGIM DC Solutions and author of a recent paper on “guided spending rates.” Much of the new research aims to go beyond a legendary guideline in retirement advice: the 4% rule.
The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job. Junior banker Leo Lukenas III died of an acute coronary artery thrombus, a type of blood clot, the New York Office of the Chief Medical Examiner said last week. Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, a managing partner at GrayFox Recruitment, told Reuters in an interview.
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”
The carmaker threatened to fire a law firm over Charles Elson’s objections to the CEO’s proposed pay package, an email suggests.
Farm income is expected to slide 25.5% to $116.1 billion this year from 2023, according to the U.S. Department of Agriculture, set for a second consecutive annual drop, as corn and soy prices plummet and production costs increase. Higher interest rates have also piled pressure on farmers, leaving equipment dealers with bloated inventories, prompting some to offer discounts or even auction off machines at lower prices, forcing Deere and peers to cut production. The world's largest farm equipment maker now expects fiscal 2024 net income of about $7 billion, down sharply from its prior expectations of $7.50 billion to $7.75 billion.
RIO DE JANEIRO (Reuters) -The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter. President Luiz Inacio Lula da Silva - who used Petrobras to spur domestic shipbuilding and major refinery projects during his earlier 2002-2010 presidency - has tapped the four-decade petroleum industry veteran to reboot that vision, sources said. Petrobras shares tumbled on Wednesday on news of the CEO swap, as investors balked at the prospect of more intense capital spending that may mean sacrificing the generous dividends of recent years.
The electric vehicle maker faces a wave of union action in the Nordic region, backing Swedish IF Metall's mechanics who have been on strike since last year, demanding a collective agreement covering wages and other conditions. The unions have, among other things, prevented Tesla from importing cars via Swedish ports, and have launched a postal blockade to make access to licence plates for new vehicles more difficult.
No longer is the nation’s capital always the trial venue of choice for the Justice Department and FTC as they file antitrust suits against the biggest names in Silicon Valley.
Glencore chief executive Gary Nagle issued a robust defence of South Africa’s mining sector as speculation continued that the Swiss commodity...