(CNBC)Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most of these employees worked at the company’s Buffalo factory and a handful at a store and service center in the area per the filing. To read this article ..read more

(CNBC) Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. To read this article ..read more

(CNBC) If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be interest rate reductions anytime soon. Now, Wall Street is wondering if the central bank will cut at all this year. To read this article ..read more

(Hedgeweek) An increasing proportion of new hedge fund managers are launching with an incentive allocation hurdle, guaranteeing investors a baseline return before the manager earns a performance fee, according to the 2023 edition of the Seward & Kissel New Manager Hedge Fund Study. To read this article ..read more

Hedgeweek) Schonfeld Strategic Advisors, the multi-strategy hedge fund firm born in 2015 out of Steven Schonfeld’s proprietary trading-firm-turned family office, still hasn’t raised the $3bn it has been looking to raise since late last year, according to a report by Bloomberg. To read this article ..read more

(Hedgeweek) The Financial Stability Board (FSB) has proposed a new package of measures aimed at helping hedge funds and other non-banking sector investors better cope with margin and collateral calls in times of market stress, according to report by Bloomberg. To read this article ..read more

(Hedgeweek) Element Capital Management, the global macro hedge fund firm founded by Jeff Talpins, is planning to return around $4bn in external capital to clients as it looks to improve performance and focus on managing its own funds, according to a report by Reuters. To read this article ..read more

(CNBC) Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But that’s not how investors treated the latest news out of Tesla. Shares of the electric vehicle maker dropped almost 6% on Monday and another 2.7% on Tuesday, falling to their lowest since April of last year. To read this article ..read more

(CNBC) Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows solid growth and continued strength in the labor market, but also a lack of further progress so far this year on returning to our 2% inflation goal.” To read this article ..read more

(Hedgeweek) Hedge fund founder Sanjay Shah has been accused of masterminding a “meticulously pre-planned” cum-ex trading scheme that defrauded the Danish government of £1.4bn ($1.7bn) at a civil court case in London brought by Danish tax agency Skat. To read this article ..read more