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Elon Musk Revealed That He Has Ended The Practice Of Remote Work At Tesla.
Business

Elon Musk Revealed That He Has Ended The Practice Of Remote Work At Tesla.

Elon Musk, Tesla chief executive, has encouraged his workforce to return to work onsite, reverting a policy of working remotely. Tesla recently announced a policy that requires employees to be in the office on an ongoing basis. The policy was shared via leaked emails, one of which appeared to be addressed to executives. Tesla did not respond to a request for comment on the messages, one of which appeared to be addressed to executives. People who are unwilling to abide by the new rules can "pretend to work somewhere else" Mr Musk said on Twitter, when asked about the policy. "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week," he wrote in one of the emails. In a leaked email, Elon Musk said that employees working at Tesla's offices in California shoul...
Sheryl Sandberg Decided To Step Down As COO Of Facebook-Parent Over Two Years After Its Creation.
Business

Sheryl Sandberg Decided To Step Down As COO Of Facebook-Parent Over Two Years After Its Creation.

Sheryl Sandberg, who served as COO of Facebook-parent Meta, announced her resignation from the company on Wednesday. In a Facebook post, Sandberg did not disclose the reason for her departure from the company, which will take place in the fall of 2019. Sandberg said she plans to focus on her philanthropic work going forward, having worked for the company for 14 years. In the early days of social media, the debate was much different than it is today. To say that it has not always been easy would be an understatement. But it should be hard. The products we make have a huge impact, so we have the responsibility to build them in a way that protects privacy and keeps people safe." Sandberg will remain on Meta's board of directors after announcing that she will step down as the company'...
Gasoline Prices Hit A New Record High.
Business

Gasoline Prices Hit A New Record High.

Americans who are traveling this holiday weekend are experiencing unprecedented prices at the gas pump. On Monday, the national average for regular gasoline rose to $4.62 a gallon, according to AAA. That's up by a penny from Sunday and 44 cents more expensive than a month ago. Gas prices are up sharply from last Memorial Day weekend, when the average cost of a gallon was $3.05, according to AAA. Currently, 7 states are averaging $5-a-gallon gas, with Illinois (rounded up from $4.996) being the most recent addition to that list. New York and Arizona are just pennies away from hitting that milestone. And there are no states where gas prices average less than $4.10 a gallon. Despite high gas prices, AAA estimates that 34.9 million people will be traveling by car this holiday weeke...
Vice President Biden is scheduled to speak with Federal Reserve Chair Powell
Business

Vice President Biden is scheduled to speak with Federal Reserve Chair Powell

On Tuesday, Vice President Biden is scheduled to speak with Federal Reserve Chair Powell about the current inflation crisis.   President Joe Biden plans to discuss high inflation with Federal Reserve Chairman Jerome Powell at a meeting on Tuesday, a White House official tells CNN. Biden is scheduled to meet with Powell at a time when prices are rising rapidly on everything from gasoline and food to housing, making it more difficult for Americans to make ends meet. The president plans to congratulate Federal Reserve Chairman Jerome Powell on his recent confirmation by the US Senate to another four-year term as chairman of the central bank, a White House official said.  
Exportral Upturn In Cost Of Living Sparks Concerns Related To Food.
Business

Exportral Upturn In Cost Of Living Sparks Concerns Related To Food.

Malaysia is temporarily suspending the shipment of chickens at the beginning of June due to a shortage of orders in their country.   Specifically in Southeast Asia, India prohibits the export of wheat, while the Indonesian government prohibits the export of palm oil.   As the world is headed for its worst food emergency in decades following Russia's occupation of Ukraine, the world stands relatively little hope.   One specialist on agricultural issues has pointed out concerns about critics' plans to increase "food nationalism" by governments in the area.   Over the past year, chicken prices in Malaysia have considerably risen. Some stores have imposed limits on how much they will allow customers to buy to save their supplies.   On Mond...