Letter from Google CEO to Employees: 12,000 jobs to be cut

Car-Shopping Websites Report Uptick In EV Interest Following Gasoline Price Shock March brought the biggest fuel price shock Americans have experienced on record, or at least according to AAA data going back to the early 2000s. A fuel price shock changes consumer behavior, especially for low-income households, by forcing folks to drive less, combine trips, cancel discretionary travel, or shift to carpooling and public transit. For those who have the financial flexibility to do so, a fuel price shock may push some consumers toward smaller cars, hybrids, and EVs and away from...

"It's Really Illiquid": Goldman COO Warns Retail About Private Credit And The "Perception Of Liquidity" Speaking at Semafor’s World Economy event in Washington, D.C., President and COO of Goldman Sachs John Waldron warned that some managers have oversold how easy it is to get money out—especially to retail investors, who’ve helped balloon the market into a $1.7 trillion behemoth just as the space faces growing scrutiny and tighter conditions, according to Semafor. “Not everybody has marketed their product as clearly as, certainly we would like to see with the clarity that...

China's Quiet Gains During US-Israel War On Iran Authored by Hamza Zaman via RealClearDefense, The Iran conflict continues to protract despite President Trump’s assumption of a quick and easy victory. The goals of regime change and the decimation of the Iranian ballistic missile program remain unfulfilled, and the closure of the Strait of Hormuz further adds to the strategic qualms of the Western powers. The GCC states are also facing significant damage to their services industry, transport infrastructure and energy sector. While both sides suffer great losses in this protracted conflict, America’s biggest geopolitical...