Autonomous Driving Solutions Key to Tesla’s Market Cap Growth

Elon Musk, the renowned CEO of SpaceX and Tesla, made an appearance at the Viva Technology conference in Paris on June 16, 2023. The conference was dedicated to innovation and startups, held at the Porte de Versailles exhibition centre. Musk’s presence drew attention from the audience and media, highlighting his influential role in the tech …

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ADP Reports May Private Payroll Surge of 278,000, Surpassing Expectations

The U.S. labor market exceeded expectations once again in May, with companies adding jobs at a remarkable pace, according to a recent report from ADP, a payroll processing firm. In the private sector, employment grew by a seasonally adjusted 278,000 in May, surpassing the Dow Jones estimate of 180,000. Although slightly lower than the revised …

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New York Fed survey reveals lowest inflation outlook in two years

Shell gas station prices are displayed in Austin, Texas on May 30, 2023. Brandon Bell | Getty Images A New York Federal Reserve survey released on Monday indicates that consumers are becoming more optimistic about a decrease in inflation. The May edition of the central bank’s Survey of Consumer Expectations reveals a 0.3 percentage point …

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FDA advisors recommend targeting XBB variant with Covid vaccines this fall.

A woman receives a booster dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination centre in Antwerp, Belgium, February 1, 2022. Johanna Geron | Reuters The U.S. Food and Drug Administration’s independent panel of advisors on Thursday recommended updating Covid shots for the fall and winter to target one specific variant – the …

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May sees the lowest inflation rate in 2 years at 4% per annum

The inflation rate in May reached its lowest level in over two years, according to a report from the Labor Department. This development is expected to relieve pressure on the Federal Reserve to continue increasing interest rates. The consumer price index (CPI), which measures changes in goods and services, only rose by 0.1% for the …

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Company slashes workforce by 130 individuals, equating to a 7% reduction.

Sonos, the popular wireless speaker company, has announced that it will be letting go of approximately 130 employees, or 7% of its workforce. In a recent filing, Sonos CEO Patrick Spence stated that the layoffs were necessary in order to overcome ongoing challenges and reevaluate the company’s program spend. As of October 2022, Sonos employed …

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339,000 Payrolls Increased in May 2023’s Jobs Report

The latest report from the Labor Department shows that the US economy is still creating new jobs at an impressive rate, despite several challenges. In May, nonfarm payrolls increased by 339,000, beating the Dow Jones estimate of 190,000 and marking the 29th consecutive month of positive job growth. The jobless rate rose to 3.7%, although …

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