News 

One of Tesla’s senior directors has left the company to work for Airbnb

“Before working at Tesla, Kim had worked as an executive at the software firm Solera and founded the frozen yogurt franchise Red Mango, his LinkedIn page says” writes Mark Matousek for businessinsider.com. Tesla is known for its high rate of executive turnover, and this year has seen the departure of senior employees in the automaker’s manufacturing, engineering, finance, sales, delivery, and communications divisions, among others.A Tesla representative said other employees have assumed Kim’s responsibilities. Source: businessinsider.com Share This:

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Sears is catching heat for dedicating over $25 million to exec bonuses while reportedly cutting off severance for laid-off store workers

“Meanwhile, laid-off Sears store employees have reported that they stopped receiving severance checks after the company filed for bankruptcy” writes Ine Cain for businessinsider.com. Sears has got people fuming over the fact that top executives stand to pick up major bonuses while laid-off Kmart and Sears store employees have seen their severance pay nixed.Last week, a bankruptcy court gave the company the go-ahead to set aside $25.3 million in bonuses for top executives, according the Chicago Tribune.The retailer argued that it required the money in order to get these execs…

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A former Goldman exec says the best thing he did in his career has paid off in spades

“And that’s the best thing you can have happen in your career.”” writes Dakin Campbell for businessinsider.com. Spilker, a former Goldman Sachs partner who’s now chairman of a small but fast-growing asset manager, said it’s the single best thing he did to get ahead during a 30-year Wall Street career. Source: businessinsider.com Share This:

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Crypto News 

Crypto.com Nets Ex-PayPal Exec to Increase Merchant Cryptocurrency Adoption

“Hong Kong-based cryptocurrency payment platform Crypto.com has hired a former PayPal executive, the company confirmed in a press release Dec. 11” writes William Suberg for cointelegraph.com. Crypto.com, which came into being after cryptocurrency debit card provider Monaco acquired the domain name for a reported $10 million in July, seeks to increase consumer and merchant adoption for point-of-sale (PoS) transactions.Tyson Hackwood will join the crypto firm as its senior vice president and head of global merchant acquisition.Despite the downturn in cryptocurrency prices throughout 2018, the number is tipped to expand beyond…

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Markets News 

Larry Kudlow: No guarantee that Trump won’t release Huawei exec as part of a trade deal with China

“Kudlow also rejected the idea that he and Peter Navarro, Trump’s top trade official in the White House, are sending confusing messages to the markets on China” reports washingtonexaminer.com. White House economic adviser Larry Kudlow said Sunday he can’t guarantee that President Trump won’t allow the CFO of a Chinese technology company to be released as part of a broader trade negotiation with China.Last week, Kudlow suggested Trump might extend the trade truce with China beyond 90 days, but Navarro indicated that was not on the table.Kudlow said that for…

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China says Canada’s detention of Huawei exec is ‘vile in nature’

“China summoned the Canadian ambassador to protest the detention of a top executive of leading Chinese tech giant Huawei, calling it “unreasonable, unconscionable, and vile in nature” and warning of “grave consequences” if she is not released” writes Ng Han Guan for cnbc.com. “China strongly urges the Canadian side to immediately release the detained Huawei executive … or face grave consequences that the Canadian side should be held accountable for,” Le said. Source: cnbc.com Share This:

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Futures Markets News Stocks 

Dow futures off 300 points as arrest of Huawei exec reignites trade worries

“While regular trading was closed Wednesday, there was a shortened session of electronic trading for stock-index futures that showed Dow futures bouncing 100 points” writes Markets Reporter for marketwatch.com. On Tuesday, the Dow DJIA, -3.10% sank 799.36 points, or 3.1%, to 25,027.07, while the S&P 500 index SPX, -3.24% dropped 90.31 points, or 3.2%, to 2,700.06.When futures reopened Thursday, the drop was so severe on S&P 500 futures that the Chicago Mercantile Exchange triggered circuit breakers to avoid worse losses.Gold prices GCG9, -0.16% ┬átraded steady, along with the ICE Dollar…

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