Month: July 2022

In trying to terminate his $44 billion takeover deal, Tesla boss sets stage for what could become one of the oddest courtroom battles in corporate-takeover history.

The company paused production at its Sturgis, Mich., facility after storms last month flooded part of it.

Russia’s main natural-gas artery to Europe is about to close for maintenance. Governments on the continent worry the shutdown will be permanent, while manufacturers are preparing for possible gas rationing that would force them to shut production.

Quarterly reports kick off this week with big financial companies. Some investors say corporate-profit forecasts are overly optimistic.

High-profile tech companies have announced plans to slow hiring or cut jobs, and are in some cases warning employees to brace themselves for tougher times.

Employers continued to snap up workers in June—though at a slower pace than earlier in the year—in an economy that is otherwise cooling rapidly.

The latest strong employment figures keep the Federal Reserve on track to raise interest rates by 0.75 percentage point at its meeting later this month to cool high inflation.

Private employers continued to hire across all major U.S. industries in June, including for jobs at offices, stores, restaurants, technology companies and healthcare providers.