Business

Twitter owner Elon Musk’s newfound reputation as a troublesome tenant is beginning to have an impact in the real world as his social media company’s troubles spill over. One of his landlords who is suing for $136,250 in lost rent, Columbia Property Trust, is now in default on loans tied to its offices at 650 California Street in San Francisco,…

After Iceland, New Zealand and Japan, the UK has just completed the world’s largest attempt at a four-day workweek. The 6-month pilot brought in over 60 companies and nearly 3,000 feedback on the “100:80:100” work model: 100% pay for 80% of the time in exchange for 100% productivity – and it was a major breakthrough. The results – which will…

Facebook’s parent company Meta is cracking down on inflammatory content with a new set of rules – but it’s now prepared to give persistent offenders plenty of opportunities to see their mistakes. In its latest move, the social media company explains why a user has violated content guidelines up to seven times. After the eighth violation, the user’s account will…

Domino’s Pizza fell at its hardest in more than a decade, as supply problems and slowing demand meant fourth-quarter sales fell short of Wall Street expectations and prompted management to cut sales growth targets. Shares of the pizza chain fell 12% on Thursday, its steepest drop since 2010, while Papa John’s International Inc., which also reported weak sales in North…

Live Nation Entertainment, which has been accused of anti-competitive practices by politicians, proposed reforms to the global concert business and said they would benefit fans who were struggling to get tickets to top acts like Taylor Swift. Elected officials should give artists more control over ticket sales and limit scalper activity, the management of the world’s largest concert promoter said…

Every two minutes, a woman dies from preventable causes related to pregnancy and childbirth, according to a new report from multiple organizations including the United Nations and the World Health Organization. “While pregnancy should be a time of great hope and a positive experience for all women, tragically it still remains a shockingly dangerous experience for millions of people around…

President Joe Biden received more than $46,000 in gifts from foreign leaders in his first year in office, according to an annual report by the US State Department’s Chief Protocol Officer. Foreign officials presented Biden with 22 gifts worth more than $100, including four pen-related gifts, the report said. The gifts ranged in value from $433 to $12,000 — both…

Online payments giant Block on Thursday reported strong fourth-quarter revenue and gross profit growth, as its mainstays, digital wallet CashApp and business payments platform Square, posted big gains. The company had gross profit of $1.66 billion in the fourth quarter of 2022, an increase of nearly 40% from nearly $1.2 billion in the fourth quarter of 2021. Revenue was $4.65…

The White House is urging congressional Republicans to increase fines imposed on railroad companies for safety violations as a Feb. 3 flaming train derailment in Ohio has become a political lightning rod. There are still safety and health concerns among residents of eastern Palestine after dozens of wagons being pulled by Norfolk Southern went off the tracks, releasing chemicals into…

The digital asset industry shed more than 2,000 jobs in the first two months of 2023 as companies continued to cut costs even as crypto prices partially recovered. U.S. cryptocurrency exchange Coinbase Global Inc. hinted this week that more layoffs could be on the way after cutting 20% ​​of its workforce in January. Other exchanges including Crypto.com, Huobi Global, Gemini…