After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.
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A series of lawsuits, including two filed in federal court in Nevada, claimed homeowners were forced to pay artificially inflated real estate agent commissions.
At one point, Credit Suisse shares lost more than a quarter of their value, hitting a record low.
Stocks tumbled in the U.S. and Europe as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control.
Homebuyers are pulling back in Southern Nevada and around the U.S. as higher mortgage rates wipe out the cheap money that fueled America’s unexpected housing boom after the pandemic hit.