Uber said in a safety report on Thursday that sexual assaults in its ride-hailing vehicles were down significantly since its last report but that the rate of fatal car crashes had increased. The company said 3,824 sexual assaults were reported on its U.S. platform in 2019 and 2020, while 20 people were killed in assaults …
Uber Safety Report Says Sexual Assaults Down but Rate of Traffic Deaths Up Read More »
Americans’ income and spending failed to keep pace with rising prices in May, the latest sign that the fastest inflation in a generation is chipping away at the bedrock of the economic recovery. Consumer spending, adjusted for inflation, fell for the first time this year, declining 0.4 percent from April, the Commerce Department said Thursday. …
Income and Spending Rose Less Than Prices in May Read More »
A bank regulator in Puerto Rico says it has suspended the operations of a boutique online bank that has been the focus of an international tax-evasion investigation and is owned by Peter Schiff, the outspoken libertarian economist and money manager. The regulator, the Office of the Commissioner of Financial Institutions of Puerto Rico, issued the …
Regulator in Puerto Rico Suspends Euro Pacific Bank Operations Read More »
A former Wall Street star who was ousted from a top hedge fund amid allegations of sexual harassment at the start of the #MeToo movement has won a record defamation award against his former firm, D.E. Shaw, and four of the firm’s senior executives, according to a filing by a panel of arbitrators on Thursday. …
D.E. Shaw Ordered to Pay $52 Million in Defamation Case Read More »
A bank regulator in Puerto Rico says it has suspended the operations of a boutique online bank that has been the focus of an international tax-evasion investigation and is owned by Peter Schiff, the outspoken libertarian economist and money manager. The regulator, the Office of the Commissioner of Financial Institutions of Puerto Rico, issued the …
Euro Pacific Bank Operations Suspended by Puerto Rico Regulator Read More »
Since the Supreme Court’s ruling on abortion, some media companies have wrestled with a complex issue: how to balance their news coverage with the desire to expand their policies to protect reproductive health care for their employees. Vox Media’s chief executive, Jim Bankoff, consulted with his top editors to make sure the corporate response to …
Media companies expand health coverage after the Supreme Court abortion ruling. Read More »
Uniper, a German energy provider, is talking to the government about a possible bailout, the economy ministry said Thursday, making it the first major utility to seek help since the Russian natural gas giant Gazprom slashed deliveries to Germany two weeks ago. Uniper’s share price tumbled 20 percent after it revised a financial forecast, saying …
Germany’s Largest Importer of Russian Gas Is in Bailout Talks Read More »
Investments in advanced technologies are necessary to put Canadian auto suppliers in the pole position in the wake of plans by Stellantis and LG Energy Solution to build a $5-billion electric-vehicle battery plant in Windsor, Ont., industry experts say. It’s an inflection point for the sector, said Todd Deaville, R&D director at Magna International Inc. …
Smarter tools on the shop floor sharpen the bottom line for suppliers Read More »
MADRID — President Biden issued a grim warning to Americans after Russian troops invaded Ukraine in February: standing up to President Vladimir V. Putin could hurt the U.S. economy. “I will not pretend this will be painless,” he said in remarks delivered in the East Room of the White House. But few in Mr. Biden’s …
Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gas Read More »
The Federal Reserve’s preferred inflation gauge remained high but showed glimmers of moderation in May, data released Thursday showed, at a moment when central bankers are watching each incoming price data point worriedly and are rapidly raising interest rates to wrestle cost increases under control. The Personal Consumption Expenditures price measure, which the Fed officially …
The Fed’s Preferred Inflation Gauge Moderated Slightly in May. Read More »
