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Tesla Executive Rich Otto Resigns, Takes Swipe at Elon Musk Saying Series of Layoffs ‘Hurt Morale’

Tesla Executive Rich Otto Resigns, Takes Swipe at Elon Musk Saying Series of Layoffs ‘Hurt Morale’

Tesla's head of product launches resigned from the Elon Musk-led electric car firm last week—and he signed off by slamming Musk's vast layoffs announced only weeks earlier, claiming they're "rocking the company and its morale."


Trump Media Investor Found Guilty of Insider-Trading Case Ahead of Merger

A federal jury in New York convicted an investor on Thursday of insider trading in a shell company's shares ahead of its October 2021 merger announcement with Trump Media.

Air Vanuatu Files for Bankruptcy Protection After Canceling All International Flights, Leaving Thousands of Tourists Stranded

Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.

Despite Biden Administration Pause, Billions of Dollars Worth of US Weaponry Still Due to Go to Israel

Despite the Biden administration's pause on one bomb shipment and review of others due to concerns over potential civilian casualties, Israel is still set to receive US weaponry worth billions of dollars.


Latest News

Donald Trump Net Worth Reaches an All-Time High After Truth Social Stock Jumps Over 10%
Shares of Trump Media soared over 10% on Monday, reaching levels not seen since late March and boosting the net worth of former President Donald Trump to an all-time high.
Last Chance for Teachers to Avail Discounts as Hawaii’s 2024 Teacher Appreciation Week Ends
Several stores are participating in Hawaii’s celebration of Teachers Appreciation Week, most of which will end on May 10.
Nestle's Nescafe Is Brewing $196 Million Investment in Brazil to Tap Into Rising Coffee Demand Among Young Caffeine Lovers
Nestle is reportedly planning to invest 1 billion reais ($196.5 million) in Brazil over the next two years to boost production capacity and out-of-home sales of its Nescafe products.
Canada Slaps Binance With $4.38 Million Fine for Violating Anti-Money Laundering and Terrorist Financing Laws
Canada's financial watchdog has slapped Binance with a fine of nearly $4.38 million for violating anti-money laundering and terrorist financing laws.
Brad Smith
A House committee calls Microsoft's Brad Smith to testify later this month about software flaws that enabled hackers to access government officials' email accounts.
Bill Ackman Slammed for Anti-Woke Stance at Milken Event
A cohort of panelists and audience members berated Pershing Square CEO Bill Ackman in a small session at the Milken Institute Global Conference this year for his opposition to DEI initiatives.
Boeing's Statements on Safety Practices Being Investigated by SEC After Side Panel Breaks Off Plane
The SEC has launched an investigation into Boeing's statements regarding its safety practices following an incident involving a 737 Max 9 aircraft in January.
Server General Launches Data-Encrypted Cloud Migration Service
Server General has launched its Google Cloud-ready data encryption service Transfer General, which claims to have constant data encryptions, even during cloud migrations, at speeds up to 100 gigabytes per second.
2 Warner Bros. Discovery Board Members Step Down After DOJ Disclosed Antitrust Probe
Warner Bros. Discovery disclosed a larger-than-expected quarterly loss, owing to decreased cable TV advertising income and Hollywood strikes.
Nearly 800,000 BetterHelp Customers to Receive Refund Notices Following $7.8 Million Data Privacy Settlement
Around 800,000 BetterHelp customers are set to receive refund notices following a settlement with the FTC, with each refund amounting to nearly $10.