pm

  • Japanese yen hits new low against US dollar

    The exchange rate of the yen against the U.S. dollar in the Tokyo foreign exchange market fell to more than 153.8 yen per U.S. dollar on the 15th, a record low in nearly 34 years. Kyodo News reported that interest rate differentials between Japan and the United States prompted investors to sell Japanese yen and buy U.S. dollars. In addition, the latest developments in the situation in the Middle East have also enhanced the appeal of the U.S. dollar as a “safe haven asset.” The consular building of the Iranian Embassy in Syria was attacked by a missile on April 1, killing at least 13 people. Iran and Syria said the attack was carried out by Israel. Iran’s Islamic Revolutionary Guard Corps issued a statement in the early morning of the 14th, announcing that it had launched dozens of missiles and drones at Israeli targets. An Israeli military spokesman said that more than 300 drones and missiles were fired at Israel, and “99%” of them were intercepted. As of 3 pm on the 15th, the Japanese yen exchange rate was…

    US stock news April 15, 2024
  • Musk releases an all-employee letter announcing that Tesla will lay off 10% of its global workforce

    Musk sent an all-staff email this afternoon, saying Tesla will lay off 10% of its employees worldwide. Earlier, foreign media reported that some employees said the layoff rate may be as high as 20%. However, according to verification, Tesla’s official all-employee letter was released at around 3:00 pm on April 15th, Beijing time, confirming that the layoff ratio would be 10%. Some media asked Tesla store employees in China to confirm the news. The other party said that they had not received the notification yet, but it would not have an impact on the business. Tesla has more than 140,000 employees worldwide, according to a December filing with regulators. Entering April this year, a new round of “price war” among car companies has begun. According to incomplete statistics, more than 10 brands have successively launched preferential activities since April. In addition to price reductions, consumers are attracted through various methods such as price reductions for additional equipment, separation of vehicles and electricity, and replacement subsidies. With Xiaomi Motors’ first car officially launched, priced starting at 215,900 yuan, new entrants have…

    US stock news April 15, 2024