Labor/Personnel Issues

FTC sends a warning to Uber, Lyft, DoorDash and other 'gig-work' companies

FTC sends a warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency said are entitled to protection regardless of their worker classification. The commission adopted a policy statement that details issues gig workers face — including deceptive claims about their wages and hours, unfair contract terms …

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Fed’s Powell sparked a 1,000-point rout in the Dow. Here's what investors should do next.

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style inflation …

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PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations …

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As Twitter rethinks its San Francisco footprint, a bigger $9 billion question hangs over the city's office market

As Twitter rethinks its San Francisco footprint, a bigger $9 billion question hangs over the city’s office market

Twitter Inc. put its large San Francisco office footprint on review for downsizing on Wednesday, and has nixed the opening of an office in Oakland, Calif., a person with direct knowledge of the matter said. The move clouds the future of the social-media site’s stylish San Francisco headquarters, a 1.1 million-square-foot trophy office complex at …

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Broadcom loses top software exec in the middle of VMware deal to head combined Citrix-Tibco company

Broadcom loses top software exec in the middle of VMware deal to head combined Citrix-Tibco company

Broadcom Inc.’s head of software Tom Krause is leaving the company in the middle of a $61 billion software acquisition he helped bring about, which analysts called “a surprise” and “not the greatest of news” Monday morning, to head a combined Citrix-Tibco company. In a Securities and Exchange Commission filing Monday, Broadcom AVGO, +0.62% said …

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Here's how much your Social Security check is likely to go up next year

Here’s how much your Social Security check is likely to go up next year

Good news — sort of. If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The average beneficiary may be in line to get as much as $180 more a month starting next January, …

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Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

DALLAS — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline for …

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Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances

Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances

Consumer inflation expectations are back at record highs, but people have no plans to slow their spending, according to a regional Federal Reserve bank survey released Monday. Households saw a 6.6% median inflation rate in the year ahead, tying a record high first set in March, according to the Federal Reserve Bank of New York’s …

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