Business

Republican senators accuse the Biden administration of using $39 billion to build computer chip factories to advance “woke” ideas such as B. Requiring some recipients to provide childcare and encouraging the use of trade unionism. The government has countered that these elements of the funding guidelines announced on Tuesday will increase the likelihood of attracting companies to build the fabs…

The Securities and Exchange Commission is adding agents to its crypto-focused division as it continues to ramp up enforcement. The agency announced in May that it would add 20 employees to its Crypto Assets and Cyber ​​Unit, bringing the total number of employees in the unit to 50. CoinDesk reported that it has filled almost all of those positions and…

President Joe Biden’s administration is asking Congress to authorize more than $1.6 billion to clean up the mess of fraud against the government’s massive aid programs for the coronavirus pandemic. In a strategy announced Thursday, the government called for money and more time to pursue cases, create new ways to prevent identity theft and help people whose identities have been…

As the notion of a four-day work week gains traction, the benefits for working parents and those suffering from burnout have been touted. It’s also touted as a way to attract younger talent. But there’s another group who would particularly benefit from the shortened workweek, says one financial adviser: people who are nearing or in retirement. “The four-day work week…

Since September 1, 2022, the universal power of attorney card has been mandatory for all contentious elections – and now the battle for board seats is shaking things up at a growing number of companies. Signs of busy activism abound. In January, activist Nelson Peltz launched a proxy fight against Disney, the company’s first. He canceled it in February only…

On a winter weekday at Penn Station Shoe Repair and Shoe Shine, men hop onto shoeshine chairs and pull out newspapers and phones to read while shoeshine workers go to work applying polish and elbow grease to loafers, boots, and other leather footwear. When finished, these customers deposit $8 in cash at a counter that has a sign that reads,…

Elon Musk is no longer the richest person in the world after being overtaken – yet again – by French billionaire Bernard Arnault. On Tuesday, wealth reported that Arnault – founder of luxury goods conglomerate LVMH – had been overtaken in the rankings by Musk, whose net worth was boosted by the big rally in Tesla shares. However, shares of…

The US has approved more arms sales to Taiwan, including ammunition for F-16 fighter jets worth $619 million, a decision likely to be another point of friction between the US and China, which claims the island as its own territory. The State Department said in a statement Wednesday night that it had approved the sale of missiles for use with…

Soon after, wealth spoke to Dallas Fed economist Enrique Martínez-García. While the pandemic housing boom isn’t the same story as the prequel to the housing crash of the 2000s, he said, house prices quickly decoupled from underlying fundamentals. “This could be a real estate bubble. The evidence suggests it looks like a real estate bubble. A bit like a duck.…

A judge on the US National Labor Relations Board is ordering Starbucks and its CEO Howard Schultz to agree – on camera – not to suppress union activity after it was ruled that the coffee company illegally attempted to ban unionization at its stores in the United States to suppress Buffalo. On Wednesday, Michael Rosas, an NLRB judge, ruled that…