Business

According to Upwork’s new survey of 3,000 adults, 39% of American professionals were freelancers last year, either part-time or full-time. That equates to 60 million Americans, up 3 percentage points since 2021 and a record high since Upwork began conducting this survey from 2014. In 2021, only 36% of the workforce was freelance. But in 2022, as people continued to…

Federal prosecutors have charged FTX founder Sam Bankman-Fried with conspiracy to wire and securities fraud, conspiracy to defraud the US and violations of campaign finance regulations. Additional charges include wire fraud, securities fraud and money laundering. The indictment was unsealed Tuesday by prosecutors in the Southern District of New York. Officials claim SBF has a long history of criminal activity,…

Hillaire Long used to like the pace of her work and life. Sure, trying to do everything can be relentless at times; but all were with her in the rat race. Then the pandemic showed her an alternative way of working — one she couldn’t partake in. And she was jealous. Long, 37, lives with her boyfriend, who works as…

Like many nurses these days, Alex Scala got a big raise when she recently switched jobs. Scala was also given a welcome mix of responsibilities when she joined the Pittsburgh-based Allegheny Health Network. She signed with a newly created team working in shifts in different departments at the system’s 14 hospitals. After working as a registered nurse at another facility,…

As inflation and the rising cost of living force young adults to move back home with their parents, many are turning to Gucci, Chanel and Louis Vuitton to lift their spirits. Record numbers of young adults living at home with their parents are driving growth in luxury goods in the US and West, Morgan Stanley analysts say in their latest…

An SEC complaint filed on Tuesday alleges that Sam Bankman-Fried has raised more than $1.8 billion from stock investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets . The civil lawsuit states that Bankman-Fried diverted client funds to Alameda Research LLC, its private crypto fund, without telling them. The complaint also states that…

Shame on your company’s HR department for the next two days. FIFA doesn’t care about deadlines, meetings or responsibilities. And it ignores all company schedules. Scheduling the World Cup semifinals midweek is the global equivalent of the NFL’s decision to play the AFC and NFC championship games on a Tuesday afternoon. Portugal (and Rolando) is out. Argentina (and Messi) are…

Sam Bankman-Fried, the former CEO of collapsed cryptocurrency exchange FTX, was arrested by Bahamas law enforcement Monday night. “SBF’s arrest follows receipt of formal notification from the United States that it has filed criminal charges against SBF and will likely seek his extradition,” the Bahamas government said in a statement Monday night. Bankman-Fried’s arrest is the first step in a…

Twitter has resumed sales of its premium offering, Twitter Blue, which gives users a blue verification badge next to their name, after a week-long hiatus because some subscribers were using the paid service to impersonate known accounts. After several postponements, the social network announced in a blog entry that Twitter Blue is now available. Users who pay $8 a month…

Two years after the first countries approved the Pfizer/BioNTech COVID vaccine for home use, China will finally approve the mRNA vaccine domestically — but there’s a catch. On Friday, China confirmed in a press conference that it would give German nationals the BioNTech COVID vaccine, which uses mRNA technology, in exchange for German health authorities on Wednesday approving China’s Sinovac…