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NYC Mayor Eric Adams is asking tech execs to maintain companies within the metropolis
At a private dinner Wednesday at New York’s swanky Le Pavillon, New York City Mayor Eric Adams urged tech leaders to keep their businesses in the city, even as industry leaders raise concerns with city officials about rising rents and a rise in violent crime. Over steak, halibut, or pasta appetizers and plenty of wine,…
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Here is what’s included within the Biden framework for regulating crypto
U.S. President Joe Biden walks from Marine One to the White House after a trip from Michigan in Washington, the United States, September 14, 2022. Tom Brenner | Reuters The Biden White House just released its first-ever framework on what crypto regulation in the US should look like — including how the financial services industry…
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Patagonia’s founder donates the whole firm to the struggle in opposition to local weather change
Patagonia founder Yvon Chouinard, his wife and two adult children are giving away their ownership of the apparel manufacturer he founded some 50 years ago, dedicating all of the company’s profits to projects and organizations that protect wild lands, biodiversity and fight the climate crisis. According to the New York Times, the company is valued…
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Proper-wing events win Swedish election; Prime Minister Magdalena Andersson resigns
Andersson became Sweden’s first female prime minister last year and spearheaded the country’s historic bid to join NATO following Russia’s attack on Ukraine. Jessica Gow | AFP | Getty Images Swedish Prime Minister Magdalena Andersson has conceded defeat in the country’s hard-fought elections, paving the way for the far-right Sweden Democrats and allied parties to…
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Tesla is scuffling with Elon Musk’s strict return to workplace
Tesla Inc. CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) on August 29, 2019 in Shanghai, China. Aly Song | Reuters Tesla CEO Elon Musk enacted a strict return-to-the-office policy this spring and suddenly emailed employees on May 31 that they had to “spend at least 40 hours a week in the office.”…
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EU courtroom upholds antitrust judgment in opposition to Google, however reduces fantastic
The flag of the European Union can be seen with the Google logo. Jaap Arriens | OnlyPhoto | Getty Images The General Court of the European Union on Wednesday upheld an antitrust ruling against Google’s parent company Alphabet, but reduced the fine from €4.34 billion to €4.125 billion ($4.12 billion). The dispute between Google and…
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2-year Treasury yields shoot over 3.79%, the best since 2007
US Treasury yields shot higher on Tuesday as investors bet a hot inflation rate will keep the Federal Reserve aggressive in tightening monetary policy. The 2-year Treasury yield, the part of the curve most sensitive to Fed policy, rose more than 17 basis points to 3.748%. The yield temporarily rose to 3.794%, the highest level…
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Protected: How small companies are battling inflation and fears of a recession
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Proper-wing extremists win in hard-fought polls
Once a fringe party shunned by others across the political spectrum, preliminary results showed the Sweden Democrats garnered nearly 21% of the vote. Maya Suslin | AFP | Getty Images A group of right-wing political parties secured a razor-thin lead in Sweden’s general election, according to early results, and appear on course to defeat a…
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Starbucks is unveiling its “reinvention” technique at Tuesday’s investor day
Starbucks CEO Howard Schultz in New York City. Steven Ferdman | Getty Images Starbucks is expected to unveil a reinvention plan Tuesday as the coffee giant grapples with changing consumer behavior, outdated store designs and a union push in the United States The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned…
