A voter-approved measure strips gig workers of basic protections enjoyed by employees in other businesses. What happened in California? Despite the state’s liberal reputation, voters there last week approved Proposition 22, a ballot initiative exempting many gig companies from state workplace laws and stripping their workers of basic, […]
Facebook said that the top 100 spenders contributed 16 percent of its $18.7 billion in revenue in the second quarter, which ended on June 30. During the first three weeks of July, Facebook said, overall ad revenue grew 10 percent over last year, a rate the company expects […]
Thousands of people in cities across the U.S. took to the streets over the weekend to protest violent tactics used by federal agents against protesters in Portland, Oregon. In Seattle, police declared a Black Lives Matter protest to be a riot and pepper-sprayed 2,000 people. In Austin, a motorist shot […]
The Senate relief bill would send money to Americans and greatly expand unemployment coverage. The Senate unanimously passed a $2 trillion economic rescue plan on Wednesday that will offer assistance to tens of millions of American households affected by the coronavirus. Its components include stimulus payments to individuals, […]
Not even Morehouse College administrators knew the announcement was coming. Addressing the college’s class of 2019, Robert F. Smith, a man who is richer than Oprah Winfrey, made a grand gesture straight out of the television mogul’s playbook. “My family is going to create a grant to eliminate […]
Lyft’s stock market debut has set up its founders, employees, early backers and even those who scored shares in the initial public offering Thursday night for quite a windfall. But not everyone who invested in the company is reaping the spoils. Shares of the ride-hailing company rose nearly […]
Mera Chung had known for weeks that her 30-year career in retail was coming to an end. But Chung, a vice president of design for Crazy 8, a division of Gymboree Group Inc., wasn’t prepared for what CEO Shaz Kahng and human resources chief Bridget Schickedanz would tell her late […]
Critics have derided WeWork as overvalued and vulnerable to the next downturn. But the company holds so many leases in so many cities, it might hold more power than its landlords. Real estate titans have long scoffed at WeWork, which in eight short years has managed to attain […]
Consumers will soon be able to freeze their credit files without charge. So if you have not yet frozen your files — a recommended step to foil identity theft — now is a good time to take action, consumer advocates say. Security freezes, often called credit freezes, are […]
