Legislation

Railroad strike, and the economic damage it would cause, looms closer | CNN Business

Railroad strike, and the economic damage it would cause, looms closer | CNN Business

New York CNN Business  —  A freight railroad strike, and the economic upheaval it could cause, is getting closer and closer to reality. While two more rail unions reached tentative agreements with railroad management on new contracts Tuesday, the two most important unions — representing the engineers and conductors who make up the two-person crews …

Railroad strike, and the economic damage it would cause, looms closer | CNN Business Read More »

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business

Washington, DC CNN Business  —  President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax credit. Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more …

EV credits are now harder to come by. These buyers snuck in deals under the wire. | CNN Business Read More »

FTC weighs sweeping new rules on 'commercial surveillance' and Big Data | CNN Business

FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data | CNN Business

Washington CNN Business  —  The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans. On Thursday, the FTC announced it is accepting …

FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data | CNN Business Read More »

New crypto oversight legislation arrives as industry shakes

New crypto oversight legislation arrives as industry shakes

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry. The latest bipartisan proposal came Wednesday …

New crypto oversight legislation arrives as industry shakes Read More »

Protecting Social Security benefits from rising inflation is high on voters' wish lists, survey finds

Protecting Social Security benefits from rising inflation is high on voters’ wish lists, survey finds

A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security …

Protecting Social Security benefits from rising inflation is high on voters’ wish lists, survey finds Read More »

EU Approves Landmark Legislation to Regulate Apple and Other Big Tech Firms

EU Approves Landmark Legislation to Regulate Apple and Other Big Tech Firms

European Union lawmakers have approved landmark legislation to heavily regulate Apple, Google, Meta, and other big tech firms. The Digital Markets Act (DMA) and Digital Services Act (DSA) were proposed by the European Commission in December 2020. Now, collected in a “Digital Services Package,” the legislation has been formally adopted by the European Parliament and …

EU Approves Landmark Legislation to Regulate Apple and Other Big Tech Firms Read More »

Bayer at ‘end of rope’ in Roundup cases, St. Louis attorney says

Bayer at ‘end of rope’ in Roundup cases, St. Louis attorney says

WASHINGTON — The U.S. Supreme Court on Tuesday rejected a bid by biotech giant Bayer to end thousands of lawsuits alleging its Roundup weedkiller causes cancer, likely costing the company billions of dollars in settlements. The decision is another key defeat for Bayer. Together, the setbacks are expected to eliminate a legal standstill in unresolved …

Bayer at ‘end of rope’ in Roundup cases, St. Louis attorney says Read More »

401(k) savers will see a 'wake-up call' in their next statement, says law professor. Here's what to look for

401(k) savers will see a ‘wake-up call’ in their next statement, says law professor. Here’s what to look for

Blackcat | E+ | Getty Images You may get a nasty surprise when you open your next 401(k) statement. These statements generally arrive each quarter, either online or by mail. They provide basic information to savers about their investments and the size of their nest egg, for example. Starting in a few weeks, the notices …

401(k) savers will see a ‘wake-up call’ in their next statement, says law professor. Here’s what to look for Read More »