Layoffs at John Deere reveal how Trump’s trade war is bleeding jobs
Sunday, Aug. 24, 2025 | 2 a.m.
Many Americans are familiar with the “Waffle House Index” — the notion that the severity of a hurricane can be quickly assessed by whether the local Waffle House restaurant is closed. John Deere, the dominant manufacturer of agricultural heavy equipment, serves as a similar barometer of the economic health of America’s agricultural sector and the severity of economic storms created by shortsighted public policies.
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Read MoreThe Burst
The Biggest Danger For Tesla
- The National Highway Traffic Safety Association (NHTSA) discovered that Tesla’s Autopilot led to more crashes by disabling its software seconds before inevitable collisions.
- Elon Musk seems more interested in keeping his name in headlines than focusing on his businesses.
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Read MoreThe Ivy
Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
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