- Anna's DayBreak News
- Posts
- Elon Musk's $56 Billion Payday Quashed, January Layoff Bloodbath and JPMorgan's Bubble Alert
Elon Musk's $56 Billion Payday Quashed, January Layoff Bloodbath and JPMorgan's Bubble Alert
Anna Eisenberg
January 30, 2024
Anna's Daybreak News
Wednesday, 5:19 AM
January 31, 2023
Good morning news friend! Join the frenzy of headlines and ride the wave of current events. 📰🌟
Apple Moves Fast As iPhone Demand Cools Down
Apple is forecasting a drop in shipments for its iPhone 15 and the upcoming iPhone 16 by up to 15%. The company's shares dipped by 2% on Tuesday.
Meanwhile, Apple aims to break ground with the Vision Pro, a device set to reshape the future of augmented reality (AR) and extended reality (XR).
They also introduced the AR Kit, a software suite designed to help developers expand the capacities of these emerging technologies.
Source: Read More
Apple is forecasting a drop in shipments for its iPhone 15 and the upcoming iPhone 16 by up to 15%. The company's shares dipped by 2% on Tuesday.
Meanwhile, Apple aims to break ground with the Vision Pro, a device set to reshape the future of augmented reality (AR) and extended reality (XR).
They also introduced the AR Kit, a software suite designed to help developers expand the capacities of these emerging technologies.
Source: Read More
January Layoff Bloodbath: PayPal, Meta, and UPS Slash Thousands
PayPal is cutting about 9% of its workforce. Alex Chriss (PayPal CEO) is tackling increased competition and falling profits.
Other giants like Meta, Amazon and Google also reduced staff numbers. Now, tech layoffs are more targeted. Smaller tech firms are cutting even deeper to survive.
Finally, UPS is shedding 12,000 jobs and contemplating selling its Coyote truck load brokerage. UPS expects to save $1 billion with these cuts.
Source: Read More
PayPal is cutting about 9% of its workforce. Alex Chriss (PayPal CEO) is tackling increased competition and falling profits.
Other giants like Meta, Amazon and Google also reduced staff numbers. Now, tech layoffs are more targeted. Smaller tech firms are cutting even deeper to survive.
Finally, UPS is shedding 12,000 jobs and contemplating selling its Coyote truck load brokerage. UPS expects to save $1 billion with these cuts.
Source: Read More
Do you think the US will be able to avoid a recession? |
Elon's $56 Billion Payday Quashed
A Delaware judge has nullified a $56 billion pay package from Tesla for Elon Musk.
Labelling the sum "unfathomable," the court ruled that the compensation deal wasn't fair to Tesla shareholders.
Furthermore, the judge declared that directors on Tesla's board lacked independence, raising questions about their ability to negotiate such an agreement.
Following the ruling, which Musk can appeal, Tesla's shares fell. This arrived amidst signals of slowing growth in the EV sector.
Source: Read More
A Delaware judge has nullified a $56 billion pay package from Tesla for Elon Musk.
Labelling the sum "unfathomable," the court ruled that the compensation deal wasn't fair to Tesla shareholders.
Furthermore, the judge declared that directors on Tesla's board lacked independence, raising questions about their ability to negotiate such an agreement.
Following the ruling, which Musk can appeal, Tesla's shares fell. This arrived amidst signals of slowing growth in the EV sector.
Source: Read More
JPMorgan's Bubble Alert
JPMorgan is comparing the current market to the risky days of the dot-com bubble.
The biggest 10 stocks, including the Magnificent Seven (Google, Meta, Nvidia, Microsoft, Apple, Tesla), now dominate 29.3% of the MSCI USA Index. This concentration mirrors the peak levels of the year 2000.
Meanwhile, Nassim Nicholas Taleb (author of "The Black Swan") is pointing to the ballooning US deficit as a catastrophic sign.
Taleb argues that political gridlock and the habit of raising the debt ceiling are sending the country into a 'death spiral' of debt.
Source: Read More
JPMorgan is comparing the current market to the risky days of the dot-com bubble.
The biggest 10 stocks, including the Magnificent Seven (Google, Meta, Nvidia, Microsoft, Apple, Tesla), now dominate 29.3% of the MSCI USA Index. This concentration mirrors the peak levels of the year 2000.
Meanwhile, Nassim Nicholas Taleb (author of "The Black Swan") is pointing to the ballooning US deficit as a catastrophic sign.
Taleb argues that political gridlock and the habit of raising the debt ceiling are sending the country into a 'death spiral' of debt.
Source: Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |