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Porsche To Cut Over A Third Of German Jobs As Auto Crisis Deepens
Porsche To Cut Over A Third Of German Jobs As Auto Crisis Deepens
Via Remix News,
Porsche is preparing to cut more than one in three jobs in Germany under a cost-cutting measure intended to protect its remaining workforce and existing production sites until 2035.
The Stuttgart-based sports car manufacturer will eliminate a further 5,000 positions at its main Zuffenhausen plant and Weissach development center. Combined with reductions already announced, around 8,900 employees are expected to leave the company.
The cuts are due to be carried out without compulsory redundancies, primarily through natural...
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Apr 7, 2026 / Tyler Durden
Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025
Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025
After several weeks of decidedly ugly auction which saw a notable drop in foreign demand amid what we reported a week ago was rampant selling of US debt by foreign central banks, moments ago the Treasury sold 3Y notes in what may have been the best auction since the start of the war.
Just after 1pm, the US treasury sold $58BN in 3Y notes at a high yield of 3.897%, up sharply from 3.579% a month...
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Nov 6, 2026 / Tyler Durden
Galloway: Getting A Job Is A "Nuclear Detonation Of Therapy" For Most Young Men - And A Stanford Psychiatrist Agrees
Galloway: Getting A Job Is A "Nuclear Detonation Of Therapy" For Most Young Men - And A Stanford Psychiatrist Agrees
NYU Stern professor Scott Galloway, who drew fire this week for calling Elon Musk a "traitor to the West," says for most of the young men he works with, a job, friends and a girlfriend would do more than therapy - and Stanford addiction psychiatrist Anna Lembke told him on his podcast that he is right. His book Notes on Being a Man argues that young men are in crisis.
Scott...
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Nov 5, 2026 / Tyler Durden
House Democrats Eye Their Own Crypto Market Structure Bill With A Bigger SEC Role After Sweep
House Democrats Eye Their Own Crypto Market Structure Bill With A Bigger SEC Role After Sweep
Authored by Micah Zimmerman via Bitcoin Magazine,House Democrats are discussing a plan to turn Rep. Maxine Waters' Crypto Investor and Consumer Bill of Rights into their own crypto market structure bill next Congress, with ideas that include a bigger role for the SEC and a smaller one for the CFTC, Eleanor Terrett reported Wednesday.🚨SCOOP: House Democrats are discussing plans to expand the Crypto Investor and Consumer Bill of Rights, @RepMaxineWaters' amendment to the Clarity...
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