Bloomberg The Port of Los Angeles, the US’s busiest, is preparing for the early arrival of 2022 peak season for cargo as retailers stock up on back-to-school and fast-fashion products despite high inventory levels, Executive Director Gene Seroka said. “The upstream orders coming from Asia — getting ready for an early arrival of peak-season goods — look strong; the ...

  Bloomberg Tesla Inc Chief Executive Officer (CEO) Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook. Musk tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That ...

  Bloomberg Czech inflation accelerated more than expected in May, supporting expectations of one more large interest rate hike before less hawkish leadership takes over the central bank. Consumer prices rose 16% from a year earlier, driven mainly by cost of housing and food, the statistics office in Prague said. The reading exceeded the median estimate of 15.5% in a ...