Month: December 2022

President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.

A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.

The state is undertaking the nation’s most ambitious effort so far to compensate for the economic legacy of slavery and racism.

Mr. Bankman-Fried and his colleagues spent more than $530 million to battle what they saw as the dangers of artificial intelligence. Now those efforts are reeling.

The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.

Garment workers in Myanmar earn less than $3 a day to produce soccer apparel for Adidas. Some say they were fired after asking factory owners for a raise.

The onetime crypto mogul also says he’s running out of funds, holed up in the Bahamas.

Mr. Musk, who had said the company was trying to sabotage Twitter, met with Apple’s chief executive, Tim Cook, on Wednesday.