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Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighboring countries. The showdown pits the electric car maker's CEO Elon Musk, who’s staunchly anti-union, against the strongly held labor ideals of Scandinavian countries. None of Tesla's workers anywhere in the world are unionized, raising questions about whether strikes could spread to other parts of Europe where employees commonly have collective bargaining rights — notably in Germany, Tesla's most important market...
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Can the Magnificent 7 continue to rally into 2024? How the Magnificent 7's rise compares to the dot-com bubble. Why the rise in tech stocks highlights shortcomings for the markets...
Continue ReadingWeb3 gaming company Immutable has introduced a new wallet infrastructure called "Immutable Passport."...
Continue ReadingThe SPDR S&P Retail ETF has shot up 16% in the past three months alone, soundly outpacing the S 500...
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With tears in his eyes, Trevor Milton made his final plea to a judge in a court in Manhattan this week to try and avoid a prison term that, under federal guidelines, could be 27 years or longer...
Continue ReadingPlus, music royalty calculations come under scrutiny and new details of Microsoft’s partnership with OpenAI...
Continue ReadingSean Downey, who oversees ad sales to big customers in the Americas, said at a department-wide meeting last week that Google plans to restructure its ad sales teams without specifying whether the move would include layoffs, according to the report. Google intended to consolidate staff, including through possible layoffs, by reassigning employees at its large customer sales unit who oversee relationships with major advertisers, the report said, citing another person briefed on Google's plans. The planned reorganization comes as Google is relying more on machine-learning techniques to help customers buy more ads on its search engine, YouTube and other services, the report added...
Continue ReadingAlphabet-owned Google plans to reorganize a big part of its 30,000-person ad sales unit, The Information reported on Tuesday, citing a person with knowledge of the situation. Sean Downey, who oversees ad sales to big customers in the Americas, said at a department-wide meeting last week that Google plans to restructure its ad sales teams without specifying whether the move would include layoffs, according to the report. Google intended to consolidate staff, including through possible layoffs, by reassigning employees at its large customer sales unit who oversee relationships with major advertisers, the report said, citing another person briefed on Google's plans...
Continue ReadingAffirm will provide buy-now-pay-later services at Walmart self-checkout kiosks, Sunnova Energy surges after shares of the solar company are upgraded, and Enphase Energy is cutting 10% of its workforce...
Continue ReadingGoogle's $700 million antitrust settlement is part of a series of legal battles that are eroding Big Tech's control over checkout, cracking a door for other transaction processors and the bank-led Paze wallet from Zelle's developers...
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