money

Organizer of World Economic Forum in Davos Accused of Discrimination

A former employee of the World Economic Forum, the nonprofit organization behind the glittery annual gathering of business and political leaders in Davos, Switzerland, sued the group and its founder, Klaus Schwab, on Monday, accusing them of workplace discrimination. In…

Copenhagen Offers Rewards to Summer Visitors Who Act Responsibly

A new fee for Venice day trippers. A looming ban on vacation rentals in Barcelona. Restrictions on the sale of alcohol in Majorca. At a time when overwhelmed European destinations are slapping tourists with restrictions and fees, Copenhagen is trying…

Jane F. McAlevey, Who Empowered Workers Across the Globe, Dies at 59

After leading successful campaigns for the A.F.L.-C.I.O. and the Service Employees International Union from 1997 to 2008, Ms. McAlevey transitioned to consulting, coaching labor groups across the country on how to energize the rank and file, attract new members and…

$504 Million – The New York Times

The Biden administration this week awarded $504 million to 12 regions in states from New Mexico to New Hampshire with the goal of transforming overlooked communities into “tech hubs.” The grants reflect an effort to spread the production of critical…

Fresh Jobs Data Spurs Investors to Bet on September Fed Rate Cut

A fresh employment report on Friday showed that unemployment ticked up in June as wage growth cooled, signs that the labor market continued to moderate after years of remarkable strength. That could keep Federal Reserve officials wary as they watch…

Investors Bet on Rate Cuts as Recent Data Suggests Slowdown

Investors are poised for a report on Friday to show a slowdown in the pace of hiring in June, building on weak services and manufacturing data, and to firm up their expectations of interest rate cuts starting as soon as…

June Jobs Report May Hold Clues to Durability of Labor Market

The monthly employment report on Friday is projected to show that employers added 190,000 jobs in June, according to a Bloomberg survey of economists. That would be a downshift from the 272,000 jobs added in May. The economy remains solid…

Saks Owner Is Said to Acquire Neiman Marcus in High-End Retail Deal

In a move that will further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate high-end department store behemoth, two people close to…

Paramount and Skydance Are Said to Resume Merger Talks

Just weeks after Paramount’s controlling shareholder and Skydance abruptly ended deal talks, negotiations between the two sides have resumed, three people familiar with the situation said Tuesday. Paramount — the parent company of CBS, MTV and Nickelodeon — and Skydance,…

Etsy to Ban Sex Toys and Other ‘Mature’ Products in New Policy

The new policy, released by Etsy on Thursday and reported by Mashable on Friday, is the company’s attempt to “continue to keep our users safe,” Alice Wu, the head of Etsy’s trust and safety team, wrote in a public letter….