Elon Musk's announcement of layoffs exceeding 10% of Tesla's workforce led to a 1.20% decline in the company's stock during premarket trading, with investors expressing concerns over the decision's impact on the company's stability and future.
Industry
China’s Economy Surpasses Expectations With Strong Growth in First Quarter of 2024
The first quarter of 2024 saw China's GDP grow 5.3% year-over-year, above expectations. Employees work on an engine assembly line at an engine manufacturing factory in Qingzhou, in China's eastern Shandong province on April 16, 2024.
Trump Media’s First Auditor Quits After Just a Few Months on the Job: Report
The first auditor appointed by former President Donald Trump's social media company has reportedly resigned after just a brief tenure.
Tesla Executives Drew Baglino, Rohan Patel Leave as the Company Lays Off 14,000 Workers
Two Tesla executives, Drew Baglino and Rohan Patel, are stepping down from their posts after the company announced steep layoffs.
Adobe Launches New Acrobat AI Assistant, But It's Not Free — Here’s What You Need to Know
Adobe has unveiled a new artificial intelligence-powered product called Acrobat AI Assistant. Adobe has unveiled a new artificial intelligence-powered product called Acrobat AI Assistant, designed to assist users in understanding digital documents.
Latest News
India's tea and rice exporters to the Middle East saw their stock values collapse on worries of logistical issues and higher costs due to geopolitical tensions.
Industry records show that storms and extreme rain caused a record £573 million ($715 million) in UK home insurance claims last year.
A group representing the legal marijuana market cautioned New York cannabis regulators that a large increase in pot retailers might harm licensed companies.
Apple has faced a significant setback in its iPhone shipments, experiencing a larger-than-projected 10% decline in the March quarter.
Indian Prime Minister Narendra Modi pledged to make India a global manufacturing hub and construct infrastructure as companies leave China.
Several major Arab airlines have been forced to cancel their flight schedules over the weekend following Iran's strikes on Israel.
A potential increase in oil prices is expected following the recent attack on Israel by Iran, although the extent of possibilities gains hinges on the response.
Fortune 500 companies increasingly prioritize diversity, equity, and inclusion (DEI) initiatives as job seekers place greater importance on diversity. Here's everything to know about DEI and how it affects businesses.
Bitcoin experienced a significant drop in value following reports of Iran's alleged retaliatory attack involving numerous drones on Israel.
