Despite a relatively surprisingly nice jobs report Friday.. Tesla CEO Elon Musk recently told executives that his electric carmaker needs to cut staff by 10% because he has a “super bad feeling” about where the economy was heading. MORE.. The email, titled “pause all hiring worldwide,” was sent to executives on Thursday and is the … Read moreElon Musk has a super bad feeling on the economy
Major trucking fleets across the eastern half of the US are preparing for an “imminent” diesel shortage, according to logistics firm FreightWaves. Founder and CEO of FreightWaves Craig Fuller said “3 very large fleets” are preparing for diesel pumps at fuel stations to run dry. Drivers of these fleets received notifications about fuel shortages that … Read moreSummer shortage: The supply chain nightmare is going to get worse.. imminent warnings of diesel shortages on the East coast
Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and backed by $72 million in venture capital funding. She’s acutely aware of the desperation in those outreaches, which have intensified in recent weeks amid an ongoing nationwide … Read moreBaby formula shortage nightmare: “This is a crisis. We can’t flip a switch and make a lot more formula”
The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note.