BUSINESS

High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed

Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election.Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election. United States Politics and Government, Presidential Election of 2024, United States Economy, Interest Rates, Inflation (Economics), Federal […]

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Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns

The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales. Tesla Motors Inc, Company Reports, Electric and

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‘It Is Desolate’: China’s Glut of Unused Car Factories

Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse. Electric and Hybrid Vehicles, Automobiles, Factories and

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FTC Bans Worker Noncompete Clauses

The rule would prohibit companies from limiting their employees’ ability to work for rivals, a change that could increase competition and boost wages.The rule would prohibit companies from limiting their employees’ ability to work for rivals, a change that could increase competition and boost wages. Federal Trade Commission, Labor and Jobs, Noncompete Clause, Wages and Salaries Read

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The Way Advisers Handle Your Retirement Money Is About to Change

More investment professionals will be required to act in their customers’ best interest when providing advice about their retirement money.More investment professionals will be required to act in their customers’ best interest when providing advice about their retirement money. Personal Finances, Labor Department (US), Regulation and Deregulation of Industry, Retirement, Financial Planners, 401(k), 403(b) and 457

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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726. Bechtolsheim,

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Supreme Court to Hear Starbucks Challenge to Labor Ruling

The case, which stems from the firing of seven Starbucks workers in Memphis, seeks to limit the National Labor Relations Board’s ability to obtain a court intervention in labor cases.The case, which stems from the firing of seven Starbucks workers in Memphis, seeks to limit the National Labor Relations Board’s ability to obtain a court

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G.M. Reports Big Jump in Profit on Gasoline Car Sales

General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America. Electric and Hybrid Vehicles, Automobiles, Oil (Petroleum)

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