Home Latest News Factbox: Elon Musk hints at an impending recession – Reuters

Factbox: Elon Musk hints at an impending recession – Reuters

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Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S., April 4, 2019. REUTERS/Shannon Stapleton
June 3 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Friday sent an email to his executives ordering a hiring freeze and job cuts, making the email his most direct message on the risks of a recession. read more
The billionaire has taken to Twitter several times in the recent past to share his thoughts on a possible recession.
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U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the Federal Reserve on an aggressive monetary policy tightening path to cool demand.
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