Market Shrugs off Iran Attack, Mass Layoffs at Tesla
The widely anticipated Iranian attack on Israel finally happened on Saturday and markets are largely ignoring the event. The attack was telegraphed in advance, damage was minimal, and Iran immediately signaled that the retaliation was over suggesting a "face-saving" operation that is not as likely to escalate into all-out war as some had fear. Meanwhile Tesla has announced mass layoffs affecting thousands as the EV bubble continues to burst.
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