Dampen

Tesla to increase wages for hourly workers at Nevada Gigafactory in January, move could dampen union interest

Security gate in front of the Tesla Motors Gigafactory site east of Reno, Nevada. David Calvert | The Washington Post | Getty Images Tesla has informed workers at its Sparks, Nevada, battery factory that some hourly wage workers there will receive pay increases of about 10% starting in early January 2024. According to internal materials … [Read more…]

Target Beats Dampen Earnings Estimates, But Student Loans and Higher Interest Rates Slow Sales

It could have been worse, and it’s not like Wall Street expected much anyway. In short, this is Target’s third-quarter earnings as of Wednesday morning. After nearly two years of brutal results due to execution errors, rising retail theft and increasingly cautious consumer sentiment, Target has crushed analysts’ lowered estimates for sales, margins and profit. … [Read more…]