Economy

Financial and business news

Tesla is reducing its workforce by 7 percent — more than 3,000 jobs, according to a recent staffing estimate — as the company continues its efforts to bring lower-cost electric vehicles to market.

CEO Elon Musk announced the layoffs on Friday in an email to staff, saying the company is facing "an extremely difficult challenge."

Copyright 2019 Fresh Air. To see more, visit Fresh Air.

'All These Small Moments': Twee Grows, In Brooklyn

53 minutes ago

Some movies are so earnest and ask so little of you that criticizing them feels like kicking a puppy. From now on, we could call such movies All These Small Moments. A Brooklyn-set indie dramedy from a first-time director, told in slight fragments, about that most timeless of domestic struggles – the slow breakup of a family – this Tribeca Film Festival selection practically whimpers as it strains to endear itself to you. Or that sound might just be the soft acoustic guitar that plays under every scene.

Top officials at Tribune Publishing, which owns the Chicago Tribune, The Baltimore Sun and the New York Daily News, are leaving after a wave of controversies. Those affected include the newspaper chain's CEO and the two top officials of its digital arm, according to a memo sent to staffers Thursday from the new CEO, newspaper executive Timothy Knight.

Part 4 of the TED Radio Hour episode Approaching With Kindness.

About Christine Porath's TED Talk

It's free to be kind, yet managers often ignore the value of appreciation. Christine Porath argues that workers and companies experience real costs when there is incivility in the workplace.

About Christine Porath

Fyre Festival just keeps delivering drama.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

Microsoft is investing $500 million to help develop affordable housing and address homelessness in the Seattle area as the growth of tech companies in the region continues to flood the real estate market with high-salaried workers, leaving many other people behind.

John Clifton Bogle — "Jack" Bogle, the founder of the Vanguard Group — passed away yesterday, at the age of 89. He was a giant in the financial industry but in a way, his legacy is not about what he did for the financial sector, but rather about the ways that he tried to prevent the financial sector from ripping people off.

On today's Indicator, Cardiff talks with Katherine Bell, the editor-in-chief of Barron's, which covered Jack Bogle's ideas and career extensively over the years, and in fact published Bogle's last major interview.

Framed through a narrow crack in an adjacent doorway, the opening scene of The Heiresses, a subtle and perceptive character study from Paraguay, plays out from the perspective of a middle-aged woman as strangers pick their way through her dining room. Many of the items are for sale, due to a financial crisis that's threatening her upper-class lifestyle, and the first-person camera seems to quake with anxiety.

Although it's about the Warsaw Ghetto, nearly all of whose inhabitants were murdered, Who Will Write Our History is a tale of survival. So it's fitting that the documentary begins with the 1946 return to Warsaw of Rachel Auerbach, who was among the one percent of Polish Jews the Nazis didn't manage to kill between 1939 and 1945.

Updated at 6:57 p.m. ET

President Trump appears to be retaliating against House Speaker Nancy Pelosi for suggesting he postpone his State of the Union address amid the ongoing partial government shutdown by postponing at the last minute her planned trip to Afghanistan.

Gas is relatively cheap these days. Enjoy those low prices, but don't get used to them, analysts say.

An oversupply of oil on the world market has triggered a steady slide in gas prices, bringing Americans some of the cheapest gas in years as 2019 kicked off.

Nationally, regular was averaging around $2.25 per gallon at the start of January — the lowest price for this time of year since 2016, according to AAA.

It's welcome news for drivers. Just last summer, gas prices were at four-year highs.

A new law in California allows home cooks to prepare and sell meals out of their personal digs as of January 1. But would-be household hash slingers shouldn't grab their aprons and chef hats just yet. The law — the first of its kind in the country — has a major caveat: counties have to opt in, and so far, none have. But some Bay Area and Central California counties are considering it.

Pages