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Tesla slashed Model S and X staff in recent layoffs

Joe Mcdermott Jan 23, 2019 0
New details are emerging about Tesla's second round of layoffsin just seven months. Deep cuts occurred in its sales, delivery and Model S and Model X production teams, according to current and newly laid off workers. These people also…

Showdown: Trump pledges ‘alternative’ event after Pelosi blocks State of the Union

Joe Mcdermott Jan 23, 2019 0
Democrats will block President Donald Trump from giving his State of the Union address in the House chamber until the partial government shutdown ends, House Speaker Nancy Pelosi said Wednesday. After Pelosi's announcement, the president…

Watch now: ETF Edge on emerging markets, gold and the potential bitcoin ETF

Joe Mcdermott Jan 23, 2019 0
Host Bob Pisani and guests Tim Seymour of Seymour Asset Management and Andrew McOrmond of WallachBeth discuss the best way to get in the global rally and whether a bitcoin ETF is off the table. CNBC's ETF Edge is dedicated to the…

DAMAC chairman calls bottom for Dubai property market, sees value in Brexit

Joe Mcdermott Jan 23, 2019 0
A major Emirati property developer believes Dubai's property market has bottomed out — but says there remain at least two more tough years ahead before a full rebound. "2018 has been a difficult year, prices have come down, sales have come…

Earnings season: So far, big companies are giving reassuring 2019 guidance

Joe Mcdermott Jan 23, 2019 0
The big concern as earnings season began was the outlook for this year’s growth. The big stocks reporting on Wednesday have all provided reassuring guidance for 2019, including Dow components United Technologies and IBM, both above…

WTO director: Trump and Abe are right, we could do better

Joe Mcdermott Jan 23, 2019 0
The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better. Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the…

Voters want to end the government shutdown — and more of them think Trump should compromise

Joe Mcdermott Jan 23, 2019 0
Americans want a way out of a record-breaking government shutdown that dragged into its 33rd day on Wednesday. More of them believe President Donald Trump should compromise to end the partial closure than think congressional Democrats…

More homes are for sale, but fewer are affordable

Joe Mcdermott Jan 23, 2019 0
After falling to record lows, the supply of homes on the market is finally rising. But a growing share of those homes are still out of reach to most buyers. In hot markets like Seattle, San Jose, California, Las Vegas and Portland, Oregon,…

Apple and Microsoft’s CEOs were pictured at dinner with Brazil’s far-right president in…

Joe Mcdermott Jan 23, 2019 0
Apple CEO Tim Cook and Microsoft CEO Satya Nadella were seen at the same dinner table as Brazil's far-right President Jair Bolsonaro in a picture that surfaced on Twitter. TweetThe unlikely group convened at an event on Tuesday for…

Egypt wants an Apple hub despite ongoing fight over iPhone prices

Joe Mcdermott Jan 23, 2019 0
Egypt would like to see a more direct physical presence from tech giant Appleeven as the two are caught up in conflict over local iPhone sales, the country's Prime Minister Mostafa Madbouli said Wednesday. "I think Egypt is a big market…
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