Dow Jones Futures Slide As Retailers Gap, Nordstrom Plunge On Earnings; Tesla Extends Losses

Dow Jones futures dropped 140 points Wednesday, as retailers Gap and Nordstrom plummeted on disappointing third-quarter results. Read More...


German union fears new Tesla works council will be top heavy

A works council being set up by Tesla staff at the company’s new Gruenheide plant near Berlin risks being unrepresentative as most of the employees hired so far are middle or senior managers, Germany’s largest union warned on Tuesday. IG Metall said seven Tesla employees, none of whom were its members, had called a meeting for Monday to choose a committee to run elections https://reut.rs/3oVsGf8 for a council that would remain in position for at least two years. “We’re happy there’s been a starting shot,” Birgit Dietze, head of IG Metall’s regional office for Berlin-Brandenburg-Saxony where Tesla’s factory https://reut.rs/30XbqxO is located, told Reuters.

Read More