A devastating tornado outbreak occurred in the Midwest on Friday, with a preliminary total of 79 tornadoes reported across six states. Most of these tornadoes hit Nebraska and Iowa, causing significant damage to homes and buildings. Omaha, Nebraska, Mayor Jean Stothert reported that there were no fatalities but several minor injuries as a destructive tornado
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Former Tesla executive, Drew Baglino, recently resigned from the company after 18 years and sold shares worth approximately $181.5 million. This move comes at a time when Tesla announced a 10% global workforce layoff due to a decrease in first-quarter deliveries and a decline in stock price. Baglino, who started as an engineer and rose
Thrasio, a prominent aggregator of Amazon third-party sellers, is facing turbulent times as its CEO, Greg Greeley, announced his resignation. Along with Greeley, five other senior executives are also departing from the company, including the finance chief, technology chief, head of human relations, chief commercial officer, and supply chain lead. Stephanie Fox, Thrasio’s chief operating
The world’s largest wealth fund, Norges Bank Investment Management (NBIM), has expressed concerns about the potential impact of a commodities rally on inflation expectations. Nicolai Tangen, the CEO of NBIM, highlighted the risks associated with soaring energy and raw material prices in financial markets. The recent surge in commodity prices, as indicated by the S&P
Jack Dorsey, the CEO of Block (formerly Square), has recently announced that the payments company is expanding its bitcoin mining ambitions. This expansion includes developing a full bitcoin mining system, in addition to designing chips. The goal of this project is to democratize access to bitcoin mining, making it easier for individuals to participate in
In a recent election, President Mohamed Muizzu’s ruling pro-China party secured a landslide victory, further solidifying their power in the Maldives. Winning 65 out of 93 parliamentary seats, the People’s National Congress is set to accelerate the country’s shift towards China while distancing itself from its traditional ally, India. The outcome of this election has
Tesla CEO Elon Musk recently sent an internal email to employees admitting that severance packages were incorrectly low for a number of laid-off workers. This mistake was brought to his attention during the company’s reorganization process. Musk apologized for the error and assured that it was being corrected immediately. Tesla announced earlier this week that
Tesla recently announced that it would be laying off 285 employees in the state of New York as part of a broader restructuring effort. Most of these employees were based at the company’s Buffalo factory, with a few others working at a store and service center in the area. The layoffs are part of a
In the fast-paced world of investing, it is crucial to constantly re-evaluate your portfolio to ensure that you are not overexposed to any one particular stock. Nvidia, a popular choice among investors for its impressive growth, has been the focus of much attention lately. However, with concerns of a potential pullback looming, it may be
As the National College Decision Day approaches, many college hopefuls are facing uncertainty due to delays in receiving their financial aid award letters. This delay is a result of ongoing issues with the new Free Application for Federal Student Aid (FAFSA). The Department of Education is still processing applications submitted early, as problems with applicants’