Listen to article (1 minute) Jack Dorsey has been notoriously hands-off. Recent events are forcing him to change. For years, his payments company, Block, was perceived as a success, even with him…
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Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams
Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally. The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud at the heart…
The Improbably Strong Economy – WSJ
The economy is still generating jobs. A year ago, a lot of economists and Federal Reserve policy makers thought that it would be shedding them by now. On Friday, the Labor Department…
His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.
Listen to article (2 minutes) In the fall of 2021 a consultant named Arturo Bejar sent Meta Platforms Chief Executive Mark Zuckerberg an unusual note. “I wanted to bring to your attention…
The AI Deals Enriching Silicon Valley’s Tech Giants
Amazon, Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are…
Why Your Neighborhood Pharmacy Isn't So Friendly Anymore
CVS and Walgreens pharmacy employees say they are overworked, understaffed, and more liable to make prescription errors due to the companies prioritizing profits. Source link
The UAW’s Next Challenge: Getting Workers to Vote Yes
United Auto Workers leaders bargained for months and called a historic strike before clinching tentative agreements with Detroit’s automakers. Now, rank-and-file workers get the final say. UAW members at local chapters across…
Maersk to Cut 10,000 Jobs as Shipping-Industry Boom Ends
Updated Nov. 3, 2023 8:16 am ET Shipping and logistics giant A.P. Moller-Maersk said it would cut more than 10,000 jobs, as a pandemic-fueled cargo boom has ended, leaving the industry with…
Citi to Cardholders: Go Paperless or Else
Some Citigroup credit-card customers are getting a stark warning from the bank: Go paperless or lose access to your online account. Banks and credit-card companies have been nudging customers to give up…
Three Concerns Facing Markets: Economy, Government Spending, the Fed
Wednesday provided a perfect demonstration of the three most important issues facing markets: the economy, government spending and the Federal Reserve. Ten-year Treasury yields posted their third-biggest daily drop since March, when…