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FTC promises crackdown on companies taking advantage of gig workers

FTC promises crackdown on companies taking advantage of gig workers

Goldman Sachs Asset Management co-CIO for multi-asset solutions Maria Vassalou and Meridian Equity Partners senior managing partner Jonathan Corpina discuss how the Fed can reduce inflation without crashing markets on ‘The Claman Countdown.’ The Federal Trade Commission has outlined a new plan to hold gig companies accountable for taking advantage of their workers. In a …

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A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

Stocks slumped in the final hour, and after hours, FedEx issued the worst warning relative to expectations that one Deutsche Bank analyst has seen in 20 years. Not exactly TGIF this Friday. What the sellside is slowly realizing is not just that the Fed is going to be aggressive in September after the latest shocking …

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Elon Musk made his bid, and now he might actually have to lie in it

Elon Musk made his bid, and now he might actually have to lie in it

Well, Twitter shareholders have approved Elon Musk’s Twitter dot com acquisition, so that’s nice. Musk has, at this point, sent several letters trying to terminate the deal, and who knows, maybe he’ll send more. His pretext for backing out of the deal — I am not going to try to pretend that he really believes …

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Patagonia founder gives company away to environmental trusts

Patagonia founder gives company away to environmental trusts

1 of 2 FILE – Yvon Chouinard, the founder and chairman of Ventura-based Patagonia Inc., is photographed Sept. 28, 2005, in the original Chouinard Equipment blacksmith shop located in Ventura, Calif., where he once forged pitons for mountaineers. In a letter posted on the privately-held company’s website on Wednesday, Sept. 14, 2022, Chouinard said the …

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Ethereum Tumbles After 'Merge,' Bitcoin, Dogecoin Drop: Trader Sees 2nd-Biggest Crypto Sliding To $800 If This Happens - Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Ethereum Tumbles After ‘Merge,’ Bitcoin, Dogecoin Drop: Trader Sees 2nd-Biggest Crypto Sliding To $800 If This Happens – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Major coins fell sharply on Thursday evening as the global cryptocurrency market cap lost 4% to $960.8 billion at 8:15 am EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -2.8% 1.8% $19,677.82 Ethereum ETH/USD -10.35% -10.1% $1,469.05 Dogecoin DOGE/USD -3.9% -3.6% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % …

Ethereum Tumbles After ‘Merge,’ Bitcoin, Dogecoin Drop: Trader Sees 2nd-Biggest Crypto Sliding To $800 If This Happens – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD) Read More »

FTC sends a warning to Uber, Lyft, DoorDash and other 'gig-work' companies

FTC sends a warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency said are entitled to protection regardless of their worker classification. The commission adopted a policy statement that details issues gig workers face — including deceptive claims about their wages and hours, unfair contract terms …

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Ethereum Fork ETHPoW Gets Off to Rocky Start - Decrypt

Ethereum Fork ETHPoW Gets Off to Rocky Start – Decrypt

Hours after Ethereum successfully completed its historic merger to proof of stake, ETHPoW—the network’s rival offshoot, intended to preserve proof of work on a forked version of Ethereum—took its own mainnet live Thursday afternoon. The moment was pitched as a triumph for ETH miners left behind by Ethereum’s transition to a 99.99% more environmentally friendly, …

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US launches program to boost floating wind turbines

US launches program to boost floating wind turbines

On Thursday, the Biden administration announced the latest in its renewable energy efforts, this time focused on a technology that hasn’t really arrived yet: floating offshore wind turbines. Compared to turbines directly anchored on the seafloor, floating versions are estimated to cost about 50 percent more, placing large ocean areas off-limits to economic energy development. …

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Legendary investor Stanley Druckenmiller warns there is a "high probability" the stock market will be "flat" for an entire decade

Legendary investor Stanley Druckenmiller warns there is a “high probability” the stock market will be “flat” for an entire decade

After a hotter-than-expected inflation reading spooked investors on Tuesday, the Dow Jones industrial average sank over 1,200 points in the stock market’s worst showing since June 2020. That same day, Stanley Druckenmiller, one of Wall Street’s most respected minds, argued that the pain won’t be temporary—and that stocks face an entire decade of sideways trading …

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