Tesla Cuts Salaries, Furloughs Workers Amid Pandemic Wind-Down
Tesla will cut salaries by as much as 30% and furlough workers in the wake of the electric carmaker’s forced production wind-down due to the coronavirus pandemic. Starting next Monday, U.S. employees at the electric car and solar battery system maker who hold director and vice president-level roles and above will see pay reductions of 20% to 30%, and "everyone else" will receive a pay cut of 10%
elon-musk tesla technology california lifestyle cars stocks jobs manufacturing investing virus coronavirus model-y model-3 evs
GoogleRelated Articles
TSA collects nearly $1M forgotten by passengers
The Transportation Security Administration collected nearly $1 million in unclaimed money passengers left behind after going through security checkpoints. “ It is always TSA’s goal to reunite travelers with items they have left behind at checkpoints.
lifestyle passengers tsa
Foxnews
Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person
Elon Musk’s financial upswing shows no signs of slowing. The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s fortune has grown by $57.2 billion this year, the second-biggest increase on the index after Amazon.com Inc. founder Jeff Bezos’s.
technology business markets wealth valuation sp-500-index amazoncom-inc tesla-inc pursuits elon-reeve-musk bernard-arnault mark-elliot-zuckerberg billionaires space-exploration-technologi
Bloomberg
Asian markets rise, though Nikkei sinks after Japan’s record contraction
Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. The Nikkei 225 in Tokyo NIK, -0.82% fell 0.8% after the data showed the world’s third-largest economy shrank 27.8% from a year earlier in the three months ending in June.
investing securities foreign-exchange-news commodity financial-market-news money forex-markets article_normal hang-seng-index nikkei-225-index investingsecurities commodityfinancial-market-news moneyforex-markets first_publish_headlineasian-markets-rise though-nikkei-sinks-after-japans-record-contraction headlineasian-markets-rise spasx-200-benchmark-index auxjo shanghai-composite-index cnshcomp hkhsi jpnik spnzx-50-gross-index nznz50gr ftse-straits-times-index sgsti taiwan-taiex twy9999
Marketwatch
Bank of England holds interest rate at 0.1%
In an important announcement on Thursday, the Bank of England held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, as the central bank cut rates twice from 0.75% since the beginning of the coronavirus pandemic
rates coronavirus interest boe
CNBC