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NHTSA initiates two more Tesla crash investigations

Tesla vehicles are shown at a sales and service center in Vista, California, June 3, 2022. Mike Blake | ReutersThe National Highway Traffic Safety Administration has initiated two more special crash investigations into incidents that involved Tesla electric vehicles, and where the company’s advanced driver assistance systems are thought to have been a factor in …

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Somehow, Twitter Finds More Workers to Layoff

As tumbleweeds blow through the empty halls and vacant office spaces of Twitter headquarters, somehow, somewhere, Elon Musk found even more people to fire. The flailing social media company laid off half of its remaining public policy team this week, according to LinkedIn and Twitter posts from former department employee, Theodora Skeadas, as first reported …

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Dow Jones Futures Await Fed’s Favorite Inflation Report; Tesla rises late on the Elon Musk lead

Dow Jones futures tilted lower after hours, along with S&P 500 futures and Nasdaq futures. The Federal Reserve’s favorite inflation gauge is on tap Friday morning, while Tesla stock rose late on Elon Musk’s comments. X The stock market suffered heavy losses Thursday, wiping out Wednesday’s gains and more amid negative corporate news and economic …

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Guggenheim Partners financier Scott Minerd dies aged 63

Scott Minerd, the global chief investment officer at Guggenheim Partners, has died after suffering a heart attack during a regular workout, the Chicago based financial firm announced said on Thursday. A former competitive bodybuilder, Minerd joined Guggenheim shortly after its founding in 1999. He He became a well-known commentator on the markets, with pronouncements on …

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Biden administration overstated Q2 job growth by 1 million: Philadelphia Fed

The Biden administration overstated the number of jobs created in the US during the second quarter by more than 1 million, according to a report issued by the Philadelphia Fed. The Philadelphia Fed report found that just 10,500 net new jobs were created between March and June. That finding is in stark contrast to numbers …

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Ford, Tesla Investors Get Cold Water in the Face. Affordability is a problem. – Barron’s

Ford, Tesla Investors Get Cold Water in the Face. Affordability is a problem. Barron’sCarMax Finds the Used Car Tipping Point After Dismal Quarter JalopnikCarMax set to report Q3 earnings ahead of Thursday’s opening bell Yahoo FinanceCarMax (KMX) Q3 2023 Earnings Call Transcript The Motley FoolCarmax Reports Third Quarter Fiscal 2023 Results Business WireView Full Coverage …

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New United Airline pilot union chief resigns after uproar over derogatory posts

Check out what’s clicking on FoxBusiness.com The newly elected chairman of United Airlines’ pilot union has stepped down from his post after just two days at the helm amid controversy over derogatory posts he made on a message board for pilots. Capt. Neil Swindells was elected leader of the United chapter of the Air Line …

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Tesla, GM Among Car Makers Facing Senate Inquiry Into Possible Links to Uyghur Forced Labor – WSJ – The Wall Street Journal

Tesla, GM Among Car Makers Facing Senate Inquiry Into Possible Links to Uyghur Forced Labor – WSJ The Wall Street JournalU.S. Senate Finance Committee asks GM, Tesla, Toyota about Chinese supply chain ReutersSenate Panel Probes Carmakers’ Ties to Forced Labor in China BloombergTesla, GM, Ford questioned by US senator about Chinese supply chains and connections …

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S&P, Nasdaq, Dow slides on strong economic data; Micron hits chipmakers

Spencer Platt US stocks on Thursday had clawed back a chunk of their losses but were still on track to end deep in negative territory. Sentiment was weighed down by robust economic data that potentially gives room for the Federal Reserve to continue policy tightening. Micron Technology (MU) dragged down semiconductor stocks after announcing layoffs …

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