Tesla China CEO Says Shanghai Gigafactory Is "Golden Key" To Optimus Robot Production

Elon Demands Investigation Into Reid Hoffman’s "Ice Cream For The Girls" Epstein Ties Authored by Steve Watson via modernity.news, Elon Musk has ramped up his assault on LinkedIn co-founder Reid Hoffman, demanding a full investigation into the Democrat mega-donor’s disturbing Epstein connections—including buying “ice cream… for the girls” and offering PR help as the child trafficking scandal erupted. This latest clash exposes Hoffman’s role in Epstein’s elite circle, where he exchanged over 1,700 emails, called the sex offender a “very close friend,” and stayed at all three notorious properties, while funneling millions...

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years... Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline... But, while initial claims rose, continuing jobless claims tumbled to the lowest level since May 2024... Source: Bloomberg Soft survey data continues to signal a stressed labor market, while...

US Producer Prices Cooler Than Expected In March Despite Surge In Energy Costs The month-over-month change in producer prices had accelerated for five straight months ahead of today's March data, which is expected to surge thanks to Iran-war impacts on energy costs. Against expectations of a 1.1% MoM rise, March's Headline PPI shocked everyone by rising only 0.5% MoM (equal to the revised lower 0.5% MoM rise in both of the last two months). This pushed PPI up 4.0% YoY (the highest since Feb 2023) but well below the +4.6% YoY...