Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Tesla CEO Elon Musk said there were unresolved issues with the Twitter deal, including the debt portion of the deal and the number of spam users.ALY SONG/Reuters Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted … Read more

$150 oil won’t cripple economy, market: JP Morgan’s Marko Kolanovic

0 oil won’t cripple economy, market: JP Morgan’s Marko Kolanovic

JP Morgan’s Marko Kolanovic predicts oil is surging higher—but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the US economy is strong enough to handle oil prices as high as $150 a barrel. “There could be some potential further spikes in oil, especially given… … Read more

Jamie Dimon: “The Cold War Is Back” And Commodity Turmoil Could Get “Much Worse”

Jamie Dimon: “The Cold War Is Back” And Commodity Turmoil Could Get “Much Worse”

Like the old saying goes: Hindsight is 20/20. That’s especially true for financial markets and the Federal Reserve. So, while investors wait to see whether the Fed will signal the possibility of a 75 bp rate hike at its next meeting, JPM CEO Jamie Dimon is telling Bloomberg (and its audience) that investors should take … Read more