U.S. Added 428,000 Jobs In April—Beating Expectations As Hot Labor Market Spurs Fed Rate Hikes
Business

U.S. Added 428,000 Jobs In April—Beating Expectations As Hot Labor Market Spurs Fed Rate Hikes

Topline The U.S. added back another 428,000 jobs in April, performing better than economists expected as the strong labor market recovery encourages Federal Reserve officials to more aggressively raise interest rates in their fight against inflation—even as stocks tumble over the potential implications for earnings growth. Workers assemble cars at the renovated Ford’s Chicago Assembly… […]

Tesla reports sequentially lower quarterly gross margin
Business

Tesla reports sequentially lower quarterly gross margin

July 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price war on automaker rivals squeezes the company’s own margins.The company has slashed prices several times in the United States, China and other markets since late last… […]