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Tesla To Cut 285 Jobs At Buffalo Plants; Musk Apologizes For 'incorrectly Low' Severance Packages

Electric vehicle maker Tesla Inc. revealed that it will lay off 285 workers from its Buffalo, New York workforce. The planned job cuts represent 14 percent of the total workforce of 2,032 workers in the region. The job cuts are part of the massive layoffs the company recently announced. In a related development, reports said citing an internal email sent to employees, that Tesla Chief Executive...
RTTNews | 899 hari yang lalu
Philly Fed Index Unexpectedly Indicates Faster Growth In April

Philly Fed Index Unexpectedly Indicates Faster Growth In April

Growth in Philadelphia-area manufacturing activity has unexpectedly seen a considerable acceleration in the month of April, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity jumped to 15.5 in April from 3.2 in March, with a positive reading indicating growth.
RTTNews | 900 hari yang lalu
U.S. Jobless Claims Unchanged From Slightly Upwardly Revised Level

U.S. Jobless Claims Unchanged From Slightly Upwardly Revised Level

First-time claims for U.S. unemployment benefits remained flat in the week ended April 13th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims came in at 212,000, unchanged from the previous week's revised level. Economists had expected jobless claims to rise to 215,000 from the 211,000 originally reported for the previous week.
RTTNews | 900 hari yang lalu
Philly Fed Index Unexpectedly Jumps To 15.5 In April

Philly Fed Index Unexpectedly Jumps To 15.5 In April

Growth in Philadelphia-area manufacturing activity has unexpectedly seen a considerable acceleration in the month of April, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.
RTTNews | 900 hari yang lalu
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U.S. Weekly Jobless Claims Unchanged At 212,000

U.S. Weekly Jobless Claims Unchanged At 212,000

First-time claims for U.S. unemployment benefits remained flat in the week ended April 13th, according to a report released by the Labor Department on Thursday.
RTTNews | 900 hari yang lalu
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

It's likely to be a somewhat subdued start for the Canadian market Thursday morning with investors tracking crude oil and metal prices. Concerns about the outlook for interest rates may weigh and limit market's upside.
RTTNews | 900 hari yang lalu
Ally Financial Q1 Results Top Estimates

Ally Financial Q1 Results Top Estimates

Ally Financial Inc. (ALLY), a bank holding company, reported Thursday that first-quarter net income attributable to shareholders decreased to $129 million or $0.42 per share from $291 million or $0.96 per share in the year-ago quarter.
RTTNews | 900 hari yang lalu

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