Cars Keep Getting Better. That Makes Disruption Harder.

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On Wednesday, Tesla Inc. announced its second-quarter results. Those results, along with Elon Musk’s apologies to analysts for his rudeness three months earlier, pushed its stock price up and 2025 bond yields down. During the earnings call, Musk and his colleagues said “improve” or “improvements” 14 times in describing everything from Tesla’s production lines to […]

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Tesla Is Cutting About 9% of Workers on Musk’s Profitability Push

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Elon Musk has finally been forced to rethink his vaulting ambitions for for months: Tesla has reached a pivotal moment. After misjudging how quickly the carmaker would be able to mass-manufacture an electric vehicle for the first time, the chief executive officer is pumping the brakes from years of hiring at breakneck speed. Difficult, but […]

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JPMorgan Brings Amazons Alexa to Wall Street Trading Floors

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Voice-activated assistant can now send reports from analysts Other firms such as New York Life using it to help employees asked the bank to compete in creating new products including a small-business credit card for its customers. The companies are also collaborating on a health-care venture.

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Wells Fargo Is the Go-To Bank for Gunmakers and the NRA

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Wells Fargo & Co. has emerged as the preferred financier for the U.S. gun industry. The bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012, when the gun control debate gained steam after the school shooting in Newtown, Connecticut, according to data compiled […]

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