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10 days ago by scottw
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I worked diligently on the once-living flesh. Used the metal grater, made sure to shred down any big chunk into thi…
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Tesla grew rapidly and now it's cutting 4,000 employees: CHARTS - Business Insider
Tesla added twice as many employees in 2018 as it now plans to cut (TSLA) June 13, 2018 at 05:15PM https://ift.tt/2JDZJT1

Tesla CEO Elon Musk confirmed on Tuesday that the company will be laying off 9% of its employees in order to save costs and streamline organizational processes.

This year, Tesla added 8,000 employees to bring its total to 46,000 according to various reports. At 9%, it's cutting a little over 4,000 employees — half as many as it hired in 2018. In the email to employees, Musk said Tesla's rapid growth over the last 10 years, as depicted by this chart from Statista, is to blame for a "duplication of roles and some job functions that [...] made sense in the past, [but] are difficult to justify today."

Musk added that the layoffs will affect mostly salaried employees rather than production workers, meaning it won't affect production targets for its Model 3, which Tesla launched almost a year ago.

Tesla's CEO recently rejected the idea that the company was in need of additional cash from public markets to stay afloat, even after it has experienced unexpectedly high production costs for its newest model. Investors have expressed concern about the company's cash burn in the past, but these layoffs show that Tesla executives are starting to think its time to be more prudent with spending. 

SEE ALSO: Americans spent a record $36 billion on video games last year, and demographics show that number is expected to go up in 2018

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NOW WATCH: How Apple can fix HomePod and Siri

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10 days ago by leconeyc
Goldman Sachs: Investors not positioned for Fed, trade recommendation - Business Insider
GOLDMAN SACHS: Investors aren't positioned properly for the Fed's rate decision. Here's a trade to take advantage of their negligence. June 13, 2018 at 05:15PM https://ift.tt/2JOSBT6

The Federal Reserve is widely expected to hike interest rates by another 25 basis points Wednesday, to a range between 1.75% and 2%.

Goldman Sachs has crunched the numbers and found that investors are underpositioned for possible price moves in bank stocks.

The Federal Reserve is widely expected to raise interest rates by another 25 basis points Wednesday, and naturally the entire investment community will be watching with great interest.

The sheer fact that the hike has been so well telegraphed by the Fed suggests that market moves will be minimal. But that won't necessarily apply to bank stocks, which have historically moved 1.3% on Federal Open Market Committee meetings, according to Goldman Sachs data.

In fact, Goldman has studied price fluctuations around FOMC meetings over the past seven years and found that traders of bank stocks are woefully unprepared for the volatility that may ensue.

This chart shows that dynamic in play. It compares the total return for exchange-traded funds tracking financial firms in the S&P 500 and the KBW Bank indexes and finds that both have underperformed over the past two months, controlling for moves in macro assets.

Coupled with its findings around FOMC-driven volatility, Goldman concludes that investors are underestimating the possibility of a relief rally in financial stocks — particularly banks. It makes sense when you consider that higher interest rates are widely expected to boost interest income for banks, which then filters down to their respective bottom lines.

So what's a trader to do? Take long positions on large-cap US banks, Goldman recommends.

"Based on the significant underperformance over the past month in the XLF and BKX, it appears investors have broadly exited positions in large-cap financials," a group of Goldman strategists wrote in a client note on Tuesday, before the start of the two-day meeting. "Bank investors are underpositioned ahead of FOMC."

SEE ALSO: The world's biggest investors are freaking out about massive corporate debt burdens — and their concerns could be foreshadowing the next meltdown

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NOW WATCH: Why so many fast food logos are red

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10 days ago by leconeyc
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Google is expanding its footprint in Africa with a new AI research center in Ghana June 13, 2018 at 05:14PM https://ift.tt/2JC0dsY Ethiopia, development, Africa, Addis Ababa, foreign investment Young women pass by a construction site in Addis Ababa in 2014. Ethiopia is one of ... via FDI in Ghana https://ift.tt/2DRmP1J
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10 days ago by leconeyc
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Defending The Environmental Defenders June 13, 2018 at 05:14PM https://ift.tt/2JC0agM “Philippines, along with rest of South-East Asia, is abundant in natural resources, thus becoming a hotspot for foreign investors, especially in mining, ... via FDI in Ghana https://ift.tt/2DRmP1J
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10 days ago by leconeyc
Municipale à Abobo, RDR-Pourquoi  Jeanne Peuhmond n'a pas été choisie - Pole Afrique.info | Indépendant et non partisan, Un autre regard sur la politique africaine.
Municipale à Abobo, RDR-Pourquoi Jeanne Peuhmond n'a pas été choisie June 13, 2018 at 05:07PM https://ift.tt/2JxWxsd

Municipale à Abobo, RDR-Pourquoi Jeanne Peuhmond n'a pas été choisie  poleafrique.info

Hamed Bakayoko, candidat du RDR aux municipales à Abobo  Afrique Sur 7

Municipales 2018 : Hamed Bakayoko, une pilule qui passe difficilement à Abobo  Cotedivoire.news

Abobo: Le RDR choisit Hamed Bakayoko comme candidat aux municipales, les aveux de Mme Jeanne Peuhmond  Linfodrome.ciFull coverage

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10 days ago by leconeyc
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Very frequently, when fat women try to talk about fat oppression, a guy will show up to be like-- WELL. You're in l…
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Very frequently, when fat women try to talk about fat oppression, a guy will show up to be like-- WELL. You're in l…
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Lawrence Ferlinghetti, who was on our minds daily as we summoned the elders at Bowling with Grace last Thursday, wa…
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Bisexual people don't all have equal attraction to the genders they're into. It's not like someone used a measuring…
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10 days ago by mathewi
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Read this thread. Puts a classic experiment in a new light in a very important way
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10 days ago by darren.meyer
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via EarthPorn: Amazing images of light and landscape http://bit.ly/2Hjajco
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10 days ago by aebraddy
(429) https://twitter.com/i/web/status/1007011059679531009
More action! We voted for members of the legislative branch to serve as a check and balanc…
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10 days ago by dshaw
Intel chip flaw: Math unit may spill crypto secrets to apps – modern Linux, Windows, BSDs immune • The Register
Intel chip flaw: Math unit potentially spills kernel crypto secrets to apps – modern Linux, Windows, OpenBSD immune
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10 days ago by geeknik
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RT : This is what oligarchy looks like. This is what greed is doing to our country.

Amazon (whose CEO, Jeff Bezos, is t…
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10 days ago by jcoffey42
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My typeface GS Frank - Now licensed to Fox Sports ✌️✌️✌️
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10 days ago by pelles
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Themenabend "LSD und Architektur"
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10 days ago by toco
bt-nap: Bluetooth Network Access Point
Depending on your needs, you can choose to setup the system as a server, a client or a nap (network access point). A server provides access to the system. This setup is the right choice if you are running a standalone system and want to query settings or control it e.g. from a browser. This is an ideal setup to use with smartphones and tablets (at least under Android), because once paired the smartphone/tablet will automatically use the bluetooth-connection for networking.
bluetooth  accesspoint  raspberrypi  networking  wireless  router 
10 days ago by cyberchucktx
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wow hurts when your father abandons the way of life that he raised you to honor and respect
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10 days ago by antifuchs
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wow hurts when your father abandons the way of life that he raised you to honor and respect
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10 days ago by danmanchester
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Because this is the hell reality?
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10 days ago by brokenbottleboy
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10 days ago by iagdotme
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“Bitcoin miners use bitcoin as a “synthetic battery” of sorts, converting otherwise unproductive or wasted electric…
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10 days ago by TaylorPearson
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The adventures of Ninja Cat and Cobra Chicken
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10 days ago by hopeless
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Hey TV journalists: When y'all ask Republicans if they're scared of criticizing/breaking with Trump and they say "n…
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Hey TV journalists: When y'all ask Republicans if they're scared of criticizing/breaking with Trump and they say "n…
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10 days ago by p3k
How Fortnite is transforming the gaming industry - The Verge
Fortnite’s free-to-play model, combined with the inherent popularity of the battle royale genre and Epic’s breakneck update cycle, has turned Fortnite into a mega-hit. Now, nearly every big publisher is looking for ways to capitalize on the trend while trying to adapt at the same velocity as Epic.
Fortnite  gaming  trends  battleroyale  review  TheVerge  2018 
10 days ago by inspiral
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Starting soon! Join , , and Mark Miller at 2:30pm PT for a panel discussion at the…
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10 days ago by jaxzin
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@copyconstruct: "Why, then, is achieving this hard? So hard it’s only be historically practiced at late internet companies like Google ... #velocityconf https://t.co/EaZ7k2Nvlc"

Why, then, is achieving this hard? So hard it’s only be historically practiced at late internet companies like Google ... #velocityconf pic.twitter.com/EaZ7k2Nvlc

— Cindy Sridharan (@copyconstruct) June 13, 2018
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10 days ago by icco
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So about that "Lazy FPU" vulnerability (CVE-2018-3665)... this probably ought to be a blog post, but the embargo ju…
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10 days ago by moderation
Twitter
So about that "Lazy FPU" vulnerability (CVE-2018-3665)... this probably ought to be a blog post, but the embargo ju…
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10 days ago by gmodena
Twitter
@namniart: "I created a thing named Daily Analysis Dashboard (or DAD for short) at work, and the references to it are as amazing as you'd expect."

I created a thing named Daily Analysis Dashboard (or DAD for short) at work, and the references to it are as amazing as you'd expect.

— Austin Hendrix (@namniart) June 13, 2018
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10 days ago by icco
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A new episode of All the President’s Lawyers from and me: “A huge, writhing intertwined mass of lawsuits.”…
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10 days ago by fkbarrett
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Die Zahl der fehlerhaften -Bescheide im -Skandal sinkt also auf ganze 578. Im gleichen Jahr nahmen Jobcen…
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10 days ago by stilkov
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Die Zahl der fehlerhaften -Bescheide im -Skandal sinkt also auf ganze 578. Im gleichen Jahr nahmen Jobcen…
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10 days ago by toco
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i don't know how to raise this in a way that's sensitive to all of the wonderful people i know who are writers, des…
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10 days ago by roens
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Text based ipc is a nightmare
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10 days ago by nchaimov
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RT : 9 out 10 of the top ten poorest areas in Northern Europe are in the UK. The richest is inner London.
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10 days ago by futuraprime
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Pastor friends: A truly great marriage is one of the greatest ways to model the truth of the gospel to your people…
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10 days ago by jacobmorse
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RT : When you get a moment, download 's latest show. He's joined by his pals , and they play tune…
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RT : Having gathered the thoughts, over the past couple of weeks, of many Brits living in the continental EU - the hurt,…
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10 days ago by Preoccupations
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RT : Opening remarks at the Energizing Futures conference in Tampere. How do we meet increasing demand for energy in a s…
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10 days ago by body-tech23
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Most common products used within docker containers are:
1. nginx
2. redis
3.
4.…
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10 days ago by n8foo
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Most common products used within docker containers are:
1. nginx
2. redis
3.
4.…
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10 days ago by rukku
Melissa Zimdars Exposed: The Truth About The "Fake News" List From Its Creator
In the aftermath of the 2016 US Presidential election, "fake news" was blamed as a major reason for Donald Trump's upset victory over Hillary Clinton. A wide…
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10 days ago by mathewi
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RT : "I may not BE the ground floor of SALESFORCE TOWER, but I do come with a BIG TECH LOBBY."
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10 days ago by edenman
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RT : Stanford prison experiment demolished.
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10 days ago by newsmary
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Every mother, every woman, every parent, every person of goodwill MUST stand up to this and say “no.” It’s cruel an…
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10 days ago by ryanpitts
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Every mother, every woman, every parent, every person of goodwill MUST stand up to this and say “no.” It’s cruel an…
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