Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
Elon Musk and Tesla are set to face a jury in a shareholder class action that claims the CEO manipulated Tesla’s stock in 2018.
Financial News
Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations
Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.
Crypto lender Genesis Trading lays off 30% of workforce
Barry Silbert’s Genesis Trading reduced headcount by 30%, or 60 jobs, as the crypto lender fends off a potential bankruptcy filing after the collapse of FTX.
Fed officials see higher rates for ‘some time’ ahead
Policymakers expressed the importance of keeping restrictive policy in place while inflation holds unacceptably high.
Tesla shares tumble more than 12% following deliveries report
Some Wall Street analysts think Tesla’s delivery numbers spell trouble for the electric vehicle maker. Others see a buying opportunity for the company in 2023.
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Highly immune evasive omicron XBB.1.5 variant is quickly becoming dominant in U.S. as it doubles weekly
XBB.1.5 now represents about 41% of new cases nationwide in the U.S., according to CDC data.
Solana’s slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022
DeFi crypto Solana has struggled in 2022, between outages and exposure to FTX, but will 2023 hold more of the same, or be a boon for the Ethereum competitor?
Bahamian regulator says it seized $3.5 billion of FTX crypto assets for ‘safekeeping’
The Securities Commission of The Bahamas said it moved $3.5 billion from FTX’s Bahamian subsidiary, FTX Digital Markets, into its own digital wallets.
Pelé, Brazilian soccer star and only player to win the World Cup three times, dies at age 82
Brazilian soccer icon Pelé has died at age 82, his daughter announced.