Tiffany surges, Michale Kors slides as market tries to regain footing
Can the market regain it's footing after yesterday's big slide?
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Benzinga•Keep Calm And Get Ready: Here's What To Do During A Stock Market Correction
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Investor's Business Daily•Nvidia Unveils New Buy Point, AI Deal With Google. But Worries Linger.
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Investor's Business Daily•What went wrong with US inflation
(Bloomberg) -- This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina
Bloomberg•Tesla layoffs include 14% of Buffalo workers, WARN notice shows
Under pressure from falling sales and an intensifying price war for EVs, Tesla announced its latest round of jobs cuts on Monday in an internal memo that was seen by Reuters. The notice on Wednesday was issued under the Worker Adjustment and Retraining Notification (WARN) Act which requires employers to provide a 60-day notice before layoffs. Tesla has a total of 2,032 employees across the two impacted sites in Buffalo, meaning that the cuts will affect about 14% of its workers there.
Reuters•