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[hfe_template id='11223'] [ad_1] The world’s top 10 richest billionaires saw their combined net worth rise by $135 billion on Wednesday, according to the Bloomberg Billionaires Index, after US President Donald Trump announced a 90-day pause on his proposed tariff hikes for most countries. “I have authorized a 90-day PAUSE,” Trump said, acknowledging over 75 countries that are currently negotiating trade terms and have not retaliated against his recent tariff escalations. Treasury Secretary Scott Bessent later clarified that while the US would pause its ‘reciprocal’ tariffs on key trading partners, a 10% blanket duty on nearly all imports would remain in effect. Existing tariffs on autos, steel, and aluminium also continue unchanged. However, Trump said he would raise duties on Chinese imports to 125% from the 104% level imposed earlier this week. The move sent Wall Street's "Magnificent Seven" stocks surging again and tacking on more than $1.5 trillion in m...

[hfe_template id='11223'] [ad_1] Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals. "Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance," Musk said in an email, according to the two people who reviewed it and are based in China and the U.S., respectively. They declined to be named as the memo is for internal use. "There will also be an ongoing program to award spot option grants for anyone who does something outstanding for the...