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News Articles: Business

Tesla shares have dropped over the past year, partly because investors worry that CEO Elon Musk is too distracted with his takeover of Twitter.

Tagged as: 

  • Business

Tesla's stock lost over $700 billion in value. Elon Musk's Twitter deal didn't help

The transformational automaker's market cap has dropped by a staggering amount over the past year. Blame new competition, sales that fell short of a lofty target — and a distracted CEO.

January 06, 2023
|
By:
  • Camila Domonoske
GPB News NPR

Tagged as: 

  • Business

The impact that new salary transparency laws could have

New laws are going into effect in several states that require employers to publish salary ranges for job openings.

January 05, 2023
|
By:
  • Stacey Vanek Smith
The U.S. Consumer Product Safety Commission says Peloton will pay a $19 million civil penalty after the fitness company neglected to inform the regulator about known safety incidents with its popular Tread+ exercise machine, seen above.

Tagged as: 

  • Business

Peloton agrees to pay a $19 million fine for delay in disclosing treadmill defects

The fitness company had received over 150 reports of safety incidents linked to its popular Tread+ machine — including the death of a child — before notifying regulators, a U.S. safety agency said.

January 05, 2023
|
By:
  • Emma Bowman
The new Sony PlayStation 5 gaming console is seen for sale on the first day of its launch, at an electronics shop in Kawasaki, Kanagawa prefecture on November 12, 2020.

Tagged as: 

  • Technology

Sony says its PlayStation 5 shortage is finally over, but it's still hard to buy

Over two years after the PlayStation 5 was released, Sony announced the shortage is finally over. Consumers should "have a much easier time" finding a console, an exec said.

January 05, 2023
|
By:
  • Roshan Fernandez
The FTC proposed a new rule banning noncompete agreements. Federal Trade Commission chair Lina M. Khan calls them exploitative and widespread.

Tagged as: 

  • Business

Millions of workers are subject to noncompete agreements. They could soon be banned

The Federal Trade Commission has proposed a new rule that bans the use of noncompete agreements, calling them an exploitative practice that suppresses wages and hampers innovation.

January 05, 2023
|
By:
  • Andrea Hsu
Bed Bath & Beyond warns that it's exploring all options, including filing for bankruptcy protection.

Tagged as: 

  • Business

Bed Bath & Beyond warns that it may go bankrupt

The struggling retailer says it's exploring all options, including restructuring and filing for bankruptcy relief.

January 05, 2023
|
By:
  • Alina Selyukh
The Food and Drug Administration announced it has  loosened some restrictions on the pill mifepristone, allowing it to be dispensed by more pharmacies and without an in-person exam.

Tagged as: 

  • Medical Treatments

Abortion pills should be easier to get. That doesn't mean that they will be

Changes by the FDA mean patients won't have to schedule in-person exams to get a prescription. That opens the door for more pharmacies to provide the medication. But not everyone will have access.

January 05, 2023
|
By:
  • Vanessa Romo and
  • Sydney Lupkin
GPB News NPR

Tagged as: 

  • Asia

Why women in India are dropping out of the workforce, even as the economy grows

As India's economy grows, women are dropping out of its workforce. That's stumped economists. Some say it's a sign of prosperity. In conservative India, if women can afford not to work, they don't.

January 05, 2023
|
By:
  • Lauren Frayer
A lunch at Onigiri Bongo includes mustard green and salmon flake onigiri, miso soup, pickles and green tea.

Tagged as: 

  • World

People in Tokyo wait in line 3 hours for a taste of these Japanese rice balls

Onigiri Bongo has served the humble onigiri, or rice ball, for 60 years. The current owner is the widow of the original owner, whom she married after discovering the restaurant as a newcomer to Tokyo.

January 05, 2023
|
By:
  • Anthony Kuhn
The lobster fishing industry in Maine caught more than 100 million pounds of the crustaceans in 2021 valued at more than $725 million.

Tagged as: 

  • National

Maine lobster industry wins reprieve but environmentalists say whales will die

The $1.7 trillion spending bill just signed into law contains a 6-year delay on new federal fishing regulations that would have kept lobster fishermen off the water in some areas for months at a time.

January 04, 2023
|
By:
  • Kevin Miller
Coinbase is a U.S.-based publicly traded cryptocurrency exchange.

Tagged as: 

  • Business

Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators

A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.

January 04, 2023
|
By:
  • Giulia Heyward
The Microsoft logo is pictured outside the headquarters in Paris, Jan. 8, 2021. A group of video game testers is forming Microsoft's first labor union in the U.S. and the largest in the video game industry. Communications Workers of America said Tuesday, Jan. 3, 2023, that about 300 quality assurance workers at Microsoft video game subsidiary ZeniMax Studios have voted to join the union.

Tagged as: 

  • Business

Video game testers approve the first union at Microsoft

Quality assurance workers at Microsoft's ZeniMax Studios began voting on a union in December. Microsoft pledged to remain neutral through the process and let employees decide if they want to join.

January 04, 2023
|
By:
  • Ayana Archie
Ken Block, pictured here at the 2017 World Rallycross Championship in Barcelona, Spain, died yesterday in a snowmobile accident, his company said.

Tagged as: 

  • Sports

Rally car driver and DC Shoes co-founder Ken Block dies in a snowmobile accident

Ken Block, an action sports legend who also co-founded Hoonigan Racing, died on Monday at age 55 after his snowmobile fell backwards on a steep slope.

January 04, 2023
|
By:
  • Emily Olson
Travelers are shown lining up at the check-in counters for Southwest Airlines in Denver International Airport, Friday, Dec. 30, 2022, in Denver.

Tagged as: 

  • Business

Southwest Airlines apologizes and then gives its customers frequent-flyer points

Southwest Airlines says it will award the travelers who were caught in the surge of canceled flights during the holidays 25,000 frequent-flyer points, an award worth more than $300 in flights.

January 04, 2023
|
By:
  • The Associated Press
Former FTX chief executive Sam Bankman-Fried arrives in a Manhattan federal court in New York on Jan. 3. Bankman-Fried pled not guilty to criminal fraud charges related to the spectacular collapse of his crypto exchange.

Tagged as: 

  • Business

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.

January 04, 2023
|
By:
  • David Gura
  • Load More

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