@bernardtayet:The FED has increased the interest rates, and will continue to raise this year. Rising rates, to many investors, are beneficial to banks. Banks can earn more interest income by increasing mortgage loans interests like what our three local banks did recently. $DBS GROUP HOLDINGS LTD(D05.SI)$$UNITED OVERSEAS BANK LIMITED(U11.SI)$$OVERSEA-CHINESE BANKING CORP(O39.SI)$ have also revised and repriced their mortgage loan rates higher.However, continuing rising rates may be too much and too fast of a good thing for our banks. Non performance loans may increase due to default by existing borrowers. Businesses may find it too costly to borro

@Ben Ang:Former Tesla (NASDAQ:TSLA) Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notice of the job cuts.The lawsuit was filed late Sunday in Texas by two workers who said they were terminated from Tesla's gigafactory plant in Sparks, Nevada in June. According to the suit, more than 500 employees were terminated at the Nevada factory.