TechCrunch
Elon Musk announces Tesla to move headquarters to Austin
Tesla CEO Elon Musk said the company would be moving its headquarters from Palo Alto, California to Austin, Texas, a city that has recently seen a flood of tech companies and remote workers. Musk announced the news at the 2021 Tesla, Inc. Annual Meeting of Stockholders, which took place at the Tesla Austin gigafactory, rather than in the Bay Area as it did in previous years. Musk also said Tesla would be continuing to expand activities in California, increasing its output at its Fremont gigafactory by 50%, although he didn’t elaborate on how he would achieve such a ramp up in production.
CBS-Sanfrancisco
Bay Area Residents React to Tesla’s Texas Move
Tesla announced that its headquarters will officially move from Palo Alto to Texas but the electric car manufacturer will continue to have a major presence in the Bay Area, CEO Elon Musk said. Juliette Goodrich reports. (10-7-21)
Barrons.com
6 Takeaways From Tesla’s Annual Meeting
Tesla held its annual meeting Thursday. The meeting had some interesting tidbits for investors besides the big news about the move to Austin, Texas.
CBS-Sanfrancisco
Elon Musk Announces Tesla Moving HQ to Texas
Tesla announced that its headquarters will officially move to Texas but the company will continue to have a major presence in the Bay Area, CEO Elon Musk said. (10-7-21)
Bloomberg
Ally of Japan’s Premier Calls for Capital Gains Tax Hike to 25%
(Bloomberg) — An ally of new Japanese Prime Minister Fumio Kishida said capital gains tax could be raised to 25% from the current 20% without affecting stock prices, just as the premier prepares to make his first policy speech in parliament. Most Read from BloombergBefore Interstates, America Got Around on InterurbansHow Singapore’s $50 Billion Financial District Will Change After Covid-19Tycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainAmazon Delivery Partners Ra
Bloomberg
AmCham Says Lobbying Hong Kong to Reopen Like ‘Talking to Wall’
(Bloomberg) — U.S. businesses say lobbying Hong Kong’s government about reopening its borders with the rest of the world has been fruitless, a sign of frustration with the city’s “Covid Zero” strategy that could undermine the city’s future as a global financial hub.Most Read from BloombergTycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainBefore Interstates, America Got Around on InterurbansNYC’s Waldorf Gets Plush Renovation, Becomes Icon of China’s OverreachHow Si
The Guardian
‘Death of 1,000 cuts’: Kellogg’s workers on why they’re striking
Union took issue with company’s threats to outsource jobs from the US to Mexico if workers refuse to accept their proposals Travis Huffman joins other BCTGM Local 3G union members in a strike against Kellogg’s at the plant on Porter Street in Battle Creek, Michigan, on Tuesday. Photograph: Usa Today Uspw/Reuters About 1,400 Kellogg’s workers at four US plants have gone on strike after their current union contracts expired and amid accusations that the cereal giant is offshoring jobs. The workers
AFP
Delta wave tossed wrench into US job market in September
The US economy was predicted to add hundreds of thousands of jobs last month but instead gained only 194,000 as the Delta variant of Covid-19 again denied President Joe Biden the soaring labor market he is banking on — at least for now.
Motley Fool
These Nasdaq Stocks Are Leading the Charge Thursday
As of 10 a.m. EDT, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up more than 1%, continuing its upward momentum from a nice bounce the previous day. It’s natural for U.S. investors to think of the Nasdaq Composite and its more selective peer, the Nasdaq-100 Index, as being composed of American companies. As a result, you’ll find several Chinese stocks inside the Nasdaq-100, and it was those stocks that helped lead the way for the overall market on Thursday morning.
Reuters
Fed closes in on November bond taper after jobs report
The Federal Reserve may move to begin reducing its support for the economy next month despite a sharp slowdown in jobs gains last month as the latest U.S. surge in COVID-19 cases crested and began to recede. Though employers added just 194,000 jobs in September, a report from the U.S. Labor Department showed, upward revisions to prior months’ data meant that all told the economy has now regained half of jobs deficit it faced in December, compared with pre-pandemic employment levels. Fed Chair Jerome Powell said last month that he’d only need to see a “decent” September U.S. jobs report to be ready to begin to taper in November.
Associated Press
Israel, Palestinian militants use bodies as bargaining chips
More than a year after his son was killed by Israeli forces under disputed circumstances in the occupied West Bank, Mustafa Erekat is still seeking his remains. It is one of dozens of cases in which Israel is holding the remains of Palestinians killed in conflict, citing the need to deter attacks and potentially exchange them for the remains of two Israeli soldiers held by the Palestinian militant group Hamas in the Gaza Strip. The Palestinians and human rights groups view the practice of holding bodies as a form of collective punishment that inflicts further suffering on bereaved families.
