Tag: Pressure

Pressure group is questioning major name retailers on low-pay staff

Retail giants M&S, JD Sports and Sainsbury’s face questioning over low pay to some staff as a pressure group confronts their directors at AGMs this week. Photo: Pexels ShareAction, which campaigns for responsible investment, aims to quiz retailers’ policies over hourly rates of the lowest-paid workers in order to “protect living standards”, Moneyweek.com reported. Next and Tesco [...]read morePressure group is questioning major name retailers on low-pay staff

TechCrunch Minute: Spotify’s move to paywall lyrics is putting pressure on free users

Spotify’s slow movement to put lyrics behind its paid service wall in its music service are about as popular as you would expect. Precise details of the update are evolving but what we can say at this point is that it seems that Spotify has a new feature up its sleeve to try and get [...]read moreTechCrunch Minute: Spotify’s move to paywall lyrics is putting pressure on free users

Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance [...]read moreTesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

Mortgage volumes remain under pressure at Wells Fargo, JPMorgan

Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter [...]read moreMortgage volumes remain under pressure at Wells Fargo, JPMorgan

US, EU ratchet up pressure on Israel over Gaza ceasefire; UN vote planned | Israel War on Gaza News

Security Council expected to vote on Friday on US-drafted ceasefire resolution with talks to continue in Qatar. The United Nations Security Council is expected to vote as soon as Friday on a United States-drafted resolution calling for a ceasefire in Gaza as the European Union called for a “humanitarian pause”, adding to the pressure on [...]read moreUS, EU ratchet up pressure on Israel over Gaza ceasefire; UN vote planned | Israel War on Gaza News

The Federal Reserve Leaves Rates Untouched as Pressure Mounts on Inflation

In this article With inflation hovering slightly north of 3%, the Federal Reserve’s meeting this week and its decision to leave interest rates where they are were seen by many as inevitable. Inflation has dropped dramatically since its post-pandemic high of 9.1% in 2022 after the Fed hiked up rates, bringing an overheated real estate market [...]read moreThe Federal Reserve Leaves Rates Untouched as Pressure Mounts on Inflation

Australian spy chief under pressure to name ex-politician who ‘sold out’ | Politics News

The spy chief said a team from an unidentified country had cultivated and recruited a former Australian politician. Australia’s spy chief is facing calls to name a former politician accused of having “sold out” the country to a foreign power. Director-general of security for the Australian Security Intelligence Organisation (ASIO), Mike Burgess, said in an [...]read moreAustralian spy chief under pressure to name ex-politician who ‘sold out’ | Politics News

Water Pressure: Water Pressure Low in Peth Areas – Latest News | Pune News

Pune: Water was supplied at low pressure to areas like Bhavani Peth, Nana Peth, Guruwar Peth and parts of Swargate, Mukundnagar and Shankarsheth Road as the two-week-long repairs of pipelines started on Monday.Area residents claimed to have received less water on Monday. They said the administration needed to ensure that all areas received water properly [...]read moreWater Pressure: Water Pressure Low in Peth Areas – Latest News | Pune News

Rivian lays off 10% of workforce as EV pricing pressure mounts

Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles, putting even more pressure on future, more affordable EV called the R2. The company more than doubled the number of EVs it built and shipped in 2023 compared to 2022. But Rivian [...]read moreRivian lays off 10% of workforce as EV pricing pressure mounts

Lab-grown diamonds put natural gems under pressure

By AFP Published Feb 20, 2024 The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price. A pendant by Limelight Lab Grown Diamonds – Limelight Lab Grown Diamonds Man-made gems are reshaping [...]read moreLab-grown diamonds put natural gems under pressure