Fortis’ News of the Week:
- Tesla has continued their cost-cutting measures by laying off two key executives – one for the Supercharger network and the other who was head of new vehicle development.
- Nearly a third of all S&P 500 trades occur in a small window of time, the last 10 minutes right before market close.
- China and Russia are urged to follow US, France and Britain in committing all nuclear weapons control will be done by human hands, not AI.
- Walmart to continue their push of hiring non-college degree workers for higher paying corporate jobs at the company.
- Housing specifically built for renting is becoming more popular as home prices increase alongside high-interest rates.
