By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla's layoffs will also reportedly impact its international workers.On Sunday night, Tesla CEO Elon Musk said the company planned to cut "more than 10%" of its workforce, according to an interna ...

Elon Musk has been urged to lay out a vision for Tesla as senior staff leave amid layoffs.An analyst called the departure of one executive a "gut punch" to investor confidence.Musk announced that "more than 10%" of the workforce would be laid off. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By ...

China's economy expanded by a better-than-expected 5.3% in the first three months of 2024.But analysts are flagging sluggish home and retail sales as a sign of weak demand.The slowdown could hit the bottom line of big US companies such as Apple and Tesla. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

Tesla laid off over 10% of its workforce on Sunday night.Some factory employees only realized they were laid off when their badges didn't work, sources told BI.At the Nevada factory, the process of weeding out laid-off staff in line to enter caused around a 2-hour backup, one source said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while ...

McDonald's is bringing back bagel breakfast sandwiches to California restaurants.The popular menu item, plus a $15 million ad buy, could boost sales by 10%, according to Bloomberg.Franchisees have said price increases alone won't cover the cost of California's new fast food wage. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

Drew Baglino, Tesla's SVP of powertrain and electrical engineering, resigned from Tesla on Sunday.Baglino's departure came shortly before Tesla laid off 10% of its workforce.The executive had worked at Tesla for over 18 years. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, ...

Goldman Sachs reported first-quarter earnings on Monday that trounced Wall Street's forecasts.The investment bank generated over $14 billion in net revenue and $11.58 in earnings per share.Goldman reported strong growth in investment-banking fees and asset and wealth management. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

Apple's global iPhone shipments dropped by nearly 10% this quarter, a new research report said. Global smartphone shipments rose by 7.8%, as Chinese smartphone makers shipped more.Samsung surpassed Apple's shipments by 10 million units in the first three months of the year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the g ...

In 2016, Amazon launched a private-label brand, Wickedly Prime, to compete with Trader Joe's.The company hired a former senior manager at Trader Joe's snack division, per WSJ.The employee was hounded for data on Trader Joe's best-selling snacks and margins for each product. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the g ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla told employees who work on the Cybertruck that shifts will be shorter on the production line at the Austin Gigafactory, according to an internal messaged viewed by Business Insider.Previousl ...