Business By Kristen Altus, Fox Business Published December 13, 2023, 5:07 PM ET These TikTokers have “a bone to pick with America” when it comes to their employment status. Young Gen Z and Millennial influencers are facing backlash – and support from some commentators – on social media over their inability to find jobs in … [Read more…]
Business By Shannon Thaler Published December 12, 2023, 2:50 PM ET One of Goldman Sachs’ highest-paid executives is leaving the bank early next year after raking in about $100 million over the last three years – even more than CEO David Solomon, according to a report. Ed Emerson – a 47-year-old trader who runs Goldman’s … [Read more…]
A jury ruled Monday that Google violated antitrust laws to deprive Epic Games and other developers of fees and restrict competition in its Play mobile app store. This could redefine the rules for how thousands of companies make money from Google’s smartphone operating system, Android. After deliberating for just over three hours, the nine-person federal … [Read more…]
He took care of the beef! A heroic supermarket butcher wouldn’t put up with a brazen bandit who tried to loot his Queens store and then beat up his special needs colleague. Ray Wilkins, 49, fought off the creep and held two NYPD cops, who handcuffed the heartless guy. Wilkins had just gotten off work … [Read more…]
On November 17, Silicon Valley was thrown into turmoil when Sam Altman, CEO of popular AI startup OpenAI, was suddenly ousted by the company’s board. After a five-day roller coaster ride that highlighted the increasingly heated battle over the future of artificial intelligence, Mr. Altman was reinstated and a new board was formed. Here’s a … [Read more…]
On Friday, the Food and Drug Administration approved the first gene-editing therapy ever used in humans to treat sickle cell anemia, a debilitating blood disorder caused by a single mutated gene. The agency also approved a second conventional gene therapy treatment for sickle cell disease that does not use gene editing. For the 100,000 sick … [Read more…]
WeWork has raised more than $11 billion in funding as a private company. Olive AI, a healthcare startup, raised $852 million. Convoy, a freight startup, has raised $900 million. And Veev, a homebuilding startup, raised $647 million. In the last six weeks, they have all filed for bankruptcy or closed. They are the latest failures … [Read more…]
An Ohio woman who threw a burrito bowl at a Chipotle worker and was convicted of assault has been given an unusual sentence that includes working at a fast-food restaurant for two months. In September, during a food rush and while a Parma restaurant was short-staffed, Emily Russell, the store manager at the time, said … [Read more…]
Smaller airlines that operate in the shadows of the country’s four dominant carriers are feeling increasing pressure to merge with others to gain access to more planes and airport gates. That dynamic was highlighted in federal court in Boston on Tuesday as JetBlue Airways tried to convince a judge to let it buy Spirit Airlines … [Read more…]
Why it matters: The state of the labor market influences interest rate policy. The labor market is being closely watched by the Federal Reserve as it considers its interest rate policy. A cooling labor market tends to fuel forecasts that the Fed will not raise interest rates further, which have risen to a range of … [Read more…]