Tesla
Tesla To Cut Number Of Salaried Employees By 10% But Hire More Hourly Workers
Tesla Chief Executive Elon Musk appeared to recant his words in a tweet response Saturday, stating that the amount of salaried personnel might not...
Retail
Walmart Using Its Stores As Fulfillment Centres As It Ups Competition With Amazon
Walmart's massive stores are recognized for their low-cost food, napkins, and clothing aisles. Those huge boxes are now e-commerce hubs, acting as delivery drone...
Ford
Ford CEO Jim Farley Predicts Rise In Consolidation Of the Electric Vehicles Sector
In the coming years, Jim Farley, CEO of Ford Motor Company, anticipates the automotive industry's continuous shift to electric cars to compel considerable consolidation...
IT & Tech
Broadcom to Transition VMware to Subscription-based Model Once It Closes its Acquisition
Broadcom Inc stated a week ago that it wanted to buy VMware for $61B in stock and cash. We don't yet know the changes Broadcom expects to...
Africa & Middle East
Egypt Signs Contract with Siemens Mobility to Construct High-Speed Railway Line
Egypt has entered a contract to build a 2000 kilometers high-speed railway with Siemens Mobility’s traffic and rail unit and a consortium of partners....
IT & Tech
Broadcom In Discussions To Purchase Cloud Solutions Firm VMware For $50 Billion
According to sources privy with the issue, Broadcom Inc. (NASDAQ: AVGO) is in discussions with cloud solutions firm VMware Inc. (NYSE: VMW) to acquire...
Google
Legislators Introduce Bipartisan Bill That will Require Google To Divest Its Ad Business
A proposed bipartisan bill targeting Google could force the search engine giant to split its online advertising business once it is passed.
Chair and ranking...
Tesla
Elon Musk Responds To Tesla Being Dropped From S&P 500 ESG Index
Tesla Inc.’s (NASDAQ: TSLA) CEO Elon Musk has replied harshly to reports that the electric car manufacturer had been removed from the broadly followed...
Twitter
Elon Musk Pokes Holes on Proposed Takeover of Twitter Over Number of Scam and Fake Accounts
Elon Musk has asked Twitter to offer additional information regarding fake and spam accounts on the platform. The billionaire has said that a deal...
Defense & Aerospace
JetBlue Planning Hostile $30 Per Share Cash Acquisition of Spirit Airlines
After its previous takeover bid was declined, JetBlue initiated a hostile purchase of Spirit Airlines. According to the New York-headquartered carrier, its $30 per...
Twitter
Elon Musk says he will lift Donald Trump’s Twitter Ban Once his $44 Billion Acquisition Closes
Tesla CEO Elon Musk says he could lift Twitter's block on former US President Donald Trump if his $44 billion bid to buy the social media...
Autos & Transportation
Rivian Automotive Tanks 21% After Ford Motor Sells Part Of Its Stake In The Start-Up
Rivian Automotive's stock hit rock bottom on Monday after CNBC reported that Ford Motor Company is selling 8 million shares of the electric car...