Former Tesla executive Drew Baglino recently made headlines with his resignation from the electric vehicle company. However, what caught the most attention was the staggering amount of shares he sold – around $181.5 million worth. This move came as a shock to many, especially considering his long-standing history with Tesla, having joined the company back
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Thrasio, once a highflier in the world of Amazon third-party sellers, is facing a monumental shift in its leadership team. The CEO, Greg Greeley, along with five other senior executives, has announced their departure from the company. This mass exodus comes on the heels of Thrasio’s recent bankruptcy filing, signaling troubled waters ahead for the
The chief executive of the world’s largest wealth fund, Nicolai Tangen, recently expressed concerns regarding the impact of soaring commodity prices on the inflation outlook. Tangen, CEO of Norges Bank Investment Management (NBIM), highlighted that the steep increase in energy and raw material costs could pose a significant challenge for major central banks as they
Jack Dorsey, the CEO of Block (formerly Square), recently announced that the company is broadening its bitcoin mining aspirations. This expansion involves not only designing chips but also developing a complete bitcoin mining system. In a post made on Tuesday, Block revealed that they have successfully created their own standalone three-nanometer bitcoin mining chip and
In a recent election in the Maldives, President Mohamed Muizzu’s ruling pro-China party, the People’s National Congress, secured a landslide victory by winning 65 out of 93 parliamentary seats. This outcome is expected to solidify the country’s shift towards China and mark a departure from its traditional alliance with India. The official results are yet
President Joe Biden recently unveiled his Plan B for student loan forgiveness, emphasizing his desire to make community college tuition-free. This move was part of his $7.3 trillion budget for fiscal 2025. The President’s commitment to free college education has sparked a debate on the best approach to combat the college affordability crisis. Critics argue
In a tragic turn of events on Friday, a man by the name of Maxwell Azzarello set himself on fire outside the courthouse where former President Donald Trump’s hush money trial was being held. The incident took place in New York City, and sadly, Azzarello succumbed to his injuries. The man was identified as being
The selection of the 12 jurors and one alternate in former President Donald Trump’s hush money trial in New York was quite meticulous. Initially, there was a pool of nearly 200 potential jurors who were asked detailed questions about their personal history, social media habits, political views, and ability to remain impartial throughout the trial.
Elon Musk, the CEO of Tesla, recently apologized to his staff for sending out severance packages that were too low to some laid-off employees. This mistake raises concerns about the company’s handling of layoffs and the treatment of its workforce during a time of reorganization. Tesla announced that it would be cutting more than 10%
Tesla recently announced a layoff of 285 employees in the state of New York as part of a broader restructuring effort. The majority of these employees were based at the company’s Buffalo factory, with a few in a nearby store and service center. CEO Elon Musk sent a company-wide memo earlier in the week stating