President Joe Biden touts May’s jobs report, even as he admits it’s overshadowed by record-high inflation. And as Elon Musk warns about the economy, Biden brushes it off.
To break down the latest jobs report, and what to expect in the labor market moving forward, we’ll hear from Bankrate’s chief financial analyst.
The Biden administration’s oil reserve releases are under scrutiny. Republicans have raised concerns about how they may impact U.S. national security.
In an email titled “pause all hiring worldwide,” Tesla CEO Elon Musk said he has a “super bad feeling about the economy.” The email was obtained by Reuters. In another email to employees on Friday, Musk said Tesla will be reducing salaried headcount by 10 percent. He added that the job cuts do not apply to anyone actually building cars, battery packs, or installing solar….