downturn

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his …

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Here's why this housing downturn is nothing like the last one

Here’s why this housing downturn is nothing like the last one

As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this has people asking: Is today’s housing market in the same predicament that it was over a decade ago, when …

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Crypto billionaire says Fed is driving current downturn

Crypto billionaire says Fed is driving current downturn

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik/Bloomberg via Getty Images hide caption toggle caption Lam Yik/Bloomberg via Getty Images Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik/Bloomberg via Getty Images …

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