(Bloomberg) — US small-business owners dialed back hiring plans for a third-straight month in December and a smaller share had unfilled positions, as firms continued to face high labor costs and a lack of qualified candidates.
(Bloomberg) — Deere & Co., the world’s largest manufacturer of farm equipment, launched a new electric excavator amid rising demand to reduce emissions in heavy industry.
Genesis Global Trading Inc. has laid off more than 60 employees in its latest round of job cuts, amounting to roughly 30% of the troubled crypto-brokerage’s workforce.
Silvergate Capital Corp. made one of the US banking world’s biggest bets on crypto. Now it’s reeling from a run on deposits and a massive loss, intensifying fears the collapse of crypto exchange FTX may seep elsewhere into the financial system.
European energy prices halted their dramatic slide as traders focused on risks that could tighten the market, even with historically warm weather keeping a lid on demand.
The US government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.
(Bloomberg) — The US economy may experience a small economic contraction if the financial sector is able to avoid issues as the Federal Reserve raises rates to stem inflation, said Raghuram Rajan, a former governor of India’s central bank and ex-chief economist at the International Monetary Fund.
(Bloomberg) — Chilean President Gabriel Boric on Thursday announced a new package of social spending worth $2 billion as his approval levels fall and the economy shrinks.
Tesla Inc.’s board of directors is facing mounting pressure to prove just how prepared they are for the potential loss of Elon Musk, the erratic chief executive officer largely behind the breakneck rise and dramatic fall in the company’s valuation.
The European Central Bank should complete its interest-rate increases “by the summer” and then be prepared to hold for a potentially sustained period to tame inflation that remains too high, Governing Council member Francois Villeroy de Galhau said.
