Tesla (TSLA.O) CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters.
The average price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon, according to the Lundberg Survey, which comes as some analysts predict prices will climb above $6 a gallon by the end of the summer.
Wholesale inflation rose 11.2% annually in March, driven largely by an increase in the price of gasoline, the Bureau of Labor Statistics reported on Wednesday.
In his keynote address to the Bitcoin 2022 conference in Miami, venture capitalist Peter Thiel said environmental, social, and corporate governance (ESG) is “perhaps the real enemy” of the cryptocurrency, likening the movement to the Chinese Communist Party (CCP).
Bank of America said Tuesday it would eliminate insufficient funds fees and cut overdraft fees from $35 to $10—the latest move from a large bank away from the practice amid years of pressure from critics who say the fees unfairly target vulnerable communities.
