At a recent meeting, Shannon Bender and Keith Martine tried something new: They stood the entire time. The two founders of Apostrophe, a New York City start-up that focuses on expanding access to art, knew their meetings had been running long. It didn’t seem to matter whom they were talking to — artists, or investors, […]
UBS faces big risks as it prepares to absorb its longtime archrival, Credit Suisse, the bank’s chairman warned shareholders at its annual meeting on Wednesday. In his first address to UBS shareholders since the takeover of Credit Suisse was announced on March 19, Colm Kelleher, the chairman, said that the $3.2 billion deal — brokered […]
Of all the professions, perhaps none is more commonly bound by contracts that define where else an employee can go work than local television news. The restrictions, known as noncompete clauses, have been a condition of the job for reporters, anchors, sportscasters and meteorologists for decades. More recently, they’ve spread to off-air roles like producers […]
Tesla sales rose 5 percent in the first three months of the year after it cut prices on its electric cars, helping to compensate for slowing economic growth and rising interest rates. Tesla said Sunday that it delivered nearly 423,000 vehicles from January through March, up from 405,000 in the last quarter of 2022. The […]
A federal appeals court on Friday affirmed a finding that Tesla illegally fired an employee involved in union organizing, and that the company’s chief executive, Elon Musk, had illegally threatened workers’ stock options if they chose to unionize. The opinion, by three judges on the U.S. Court of Appeals for the Fifth Circuit, allows the […]
Artificial intelligence (AI) is increasingly being integrated into workplaces across various industries, and it is having a significant impact on most jobs. While AI can improve efficiency, reduce costs, and enhance accuracy, it also poses a significant threat to many jobs, raising questions about the future of work. That introduction — we call them ledes […]
Tenants at 20 apartment complexes across Denver are now sharing their amenities with out-of-town guests, as building management is allowing residents to rent out their units as Airbnbs. Vacation rental company Airbnb has partnered with building owners in almost 40 cities “to make it easier for renters to find apartments that let them host part-time,” […]
When Howard Schultz of Starbucks testifies before a Senate committee on Wednesday about the company’s labor policies, he will no longer be its chief executive. But his presence will underscore his continuing sway over a company he has run on and off since the 1980s. The Capitol Hill appearance, which Mr. Schultz had resisted until […]
WASHINGTON — The Federal Reserve and other major global central banks on Sunday announced that they would work to make sure dollars remain readily available across the global financial system as bank blowups in America and banking issues in Europe create a strain. The Fed, the Bank of Canada, the Bank of England, the Bank […]
What’s Up? (March 12-18) Financial Panic After the Federal Deposit Insurance Corporation stepped in last weekend to take over Silicon Valley Bank and Signature Bank, panic rippled through the banking sector, touching off government interventions to prop up other suffering banking institutions. On Thursday, 11 of the country’s biggest banks combined resources to inject $30 […]