Carmakers need to be tech-savvy to get an edge in China’s EV market
Cutting prices no longer gets you very far in China’s electric car market. BYD’s sticker price of $11,000 for its lower-end electric vehicle
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.
(Reuters) -Walmart Inc announced on Tuesday that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three offices, a shift in strategy after initially endorsing virtual work during the pandemic. "We are asking the majority of associates working remotely, and the majority of associates within our offices in Dallas, Atlanta, and our Toronto Global Tech office, to relocate," Donna Morris, Walmart's chief people officer wrote in a memo to its U.S. campus associates on Tuesday. The world's largest retailer and the country's largest private employer, with 2.1 million workers globally, said most of the relocations will be to its headquarters in Bentonville, Arkansas, while some will move to its offices in the San Francisco Bay Area or Hoboken, New Jersey.
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”
Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.
SAN FRANCISCO (Reuters) -Tesla plans to lay off an additional 601 employees in California, it said in a notice to the state government, as the automaker undertakes a series of job cuts globally that began a month ago amid falling sales and intensifying price competition. Tesla CEO Elon Musk said on April 15 that the company would lay off more than 10% of its global workforce, which stood at over 140,000 in late 2023. The electric vehicle maker has conducted several rounds of job cuts since then, as Musk wanted to slash 20% of its headcount, according to people familiar with the matter.
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
Chinese EV makers are pushing back against the idea that their success in making affordable cars is due to state help.
In the realm of retirement savings, only a select few in the United States achieve the milestone of a $5 million nest egg. Data from the Employee Benefit Research Institute, based on the Federal Reserve’s Survey of Consumer Finances, reveals that a mere 0.1% of retirees manage to accumulate over $5 million in their retirement accounts, whereas only 3.2% amass over $1 million. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? Can you
A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that transport them to European dealerships. Business incentives and investing in infrastructure like the freight railway line have allowed Morocco to grow its automotive industry from virtually non-existent to Africa's largest in less than two decades.
(Bloomberg) -- Amazon.com Inc.’s newly named cloud chief, Matt Garman, inherits a $100-billion-a-year business that’s as profitable as it has ever been. He also faces the daunting task of retaining the cloud-computing pioneer’s edge in the artificial intelligence age.Most Read from BloombergFlood of China Used Cooking Oil Spurs Call to Hike US LeviesBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsHow One of the World's Oldest Hedge Funds Went BankruptTrump Vows ‘Day One’ Executive