Money

SpaceX sacked workers for insulting Elon Musk, union claims

Published

2 years ago

January 4, 2024

SpaceX has found itself in hot water as allegations of wrongful termination emerge.

The company allegedly fired employees who openly criticized CEO Elon Musk, branding him an ’embarrassment.’ Now, labor authorities are stepping in to investigate this controversial action.

The saga unfolded when a group of SpaceX workers, disheartened by Musk’s public comments and behavior, took to social media to voice their discontent.

They labeled the billionaire entrepreneur an ’embarrassment’ to the company and raised concerns about his leadership. In response, SpaceX reportedly terminated their employment, sparking outrage within the workforce.

Violated labour laws

The National Labor Relations Board (NLRB) has taken an interest in the case, aiming to determine whether SpaceX violated labor laws by punishing employees for expressing their opinions about Musk.

This raises important questions about the boundaries of free speech within corporate environments and the power dynamics between employers and their staff.

Could this incident set a precedent for how companies handle employees’ criticism of their top executives? The NLRB’s investigation will undoubtedly shed light on this matter.

As SpaceX and Elon Musk face scrutiny, the outcome of this case may have far-reaching implications for workplace dynamics and the protection of employees’ right to voice their opinions.

Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

1 day ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

1 day ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

2 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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