 |
|
|
|||||
Elon Musk, a billionaire entrepreneur, is known for his extreme cost-cutting measures. He implemented these strategies at Tesla, SpaceX, and Twitter. Musk's methods often involved mass layoffs, cutting perks, and negotiating lower prices from vendors. He will now apply his cost-cutting approach to the US government as head of the Department of Government Efficiency.
Category:
News and Media
Oil prices dropped over 2% on Friday, driven by concerns about weakening demand from China and the potential for slower interest rate cuts by the U.S. Federal Reserve. China's factory output slowed, and its demand for oil decreased, while U.S. economic data was stronger than anticipated, potentially influencing the Fed's decision on rate cuts.
Category:
News and Media
Gold prices were heading for their most significant weekly drop in over three years as the dollar strengthened due to expectations of less aggressive interest rate cuts by the U.S. Federal Reserve. This rise in the dollar made gold less appealing to investors holding other currencies.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||