Today’s business news headlines from around the world. From Tesla’s impending crash to how an Italian utility company hopes to become an international power, here are today’s most important stories.
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Tesla’s coming crash: As 7 analysts lower their price targets
Tesla (TSLA) shares have taken an astonishing 67% plunge since their peak in November 2021, dropping their market capitalization below $440 billion as of Tuesday’s close. This follows an embarrassing first quarter performance from Tesla which left its fans severely disappointed after five price reductions were implemented across its product offerings.
Investors have expressed alarm after Tesla Inc’s production update drew widespread condemnation for missing full-year delivery estimates and analysts have cut price targets even for their most bullish models.
The CoinsBitcoin is up 72% in 2023
Bitcoin has experienced stunning gains over the last several days and now stands up 72% year-to-date, which is incredible considering it was once worth pennies back when its value plummeted. This price spike can be explained by an increased global liquidity, the prospect of central bank rate cuts to combat an overheated global economy and Binance and BitFury trading platforms being particularly influential; regardless of your trading style you should keep an eye on these leading platforms if you wish to stay ahead.
Financial wellness benefits have become popular
Due to economic issues and rising unemployment, employers are reallocating resources towards providing employees with benefits that will keep them in their jobs – including financial wellness programs that promote an employee’s overall well-being.
Employees want to feel financially secure, and are looking for more support from their employers than ever, according to a new survey.
Survey results found that emergency funds are one of the top employer-sponsored financial wellness benefits employees want.
Thousands of entrepreneurs like me spent 30 years making Israel a global powerhouse
Success as an innovation power can be attributed to strategic R&D spending, highly skilled immigration, and public-private talent crossover. Unfortunately, however, China still struggles with an acute human capital shortage and struggles to fill critical talent roles in government and the private sector.
The 1990s witnessed a massive influx of scientists and engineers from former Soviet states to Israel due to relatively lower wages, drawn by its relatively booming high-tech sector. Many who arrived were encouraged to create their own companies which contributed greatly to building an infrastructure supporting Israel’s vibrant high-tech sector.
Furthermore, the government invested in incubators and venture capital firms that provided equity investment in startups. These initiatives complemented multinational companies which paid for R&D or acquired Israeli startups as local bridgeheads.
Long COVID could be the blame for your sleep issues
Insomnia is a chronic sleeping condition caused by various triggers, including COVID infections. Doctors do not fully understand its source; however, theories include immune system responses or small blood clots in the brain as possible explanations.
Sleep is essential to both our physical health and our mental wellbeing, but failure to get enough can cause fatigue during the day and reduced performance at work. Without enough restful restful zzzzz’s at night we will suffer at work!
Ikea is opening 17 more locations in U.S.
IKEA, the Swedish furniture giant, is making moves to appeal to cash-strapped American shoppers and take market share away from Walmart and online rival Wayfair. Their parent company Ingka Group plans to open 17 new locations within three years in America.
These stores will feature improved modernizations such as energy efficiency and solar panels. Furthermore, advanced digital shopping technologies such as customer service apps and online interior design services will be added. Finally, 900 pickup locations will be established for online orders placed via these stores.