Author: Press Room

The pitch from Smoothstack, a technology-focused staffing agency, is simple: Earn money while you train, get deployed to an IT job at a top tech company, start working and launch your career.  But the reality is more complicated, a lawsuit alleges. Throughout this process, Smoothstack underpays workers while they train and even once they start working at one of the company’s clients, which include Fortune 500 companies, the lawsuit, filed last week in federal court in Alexandria, Va., claims. If a worker tries to leave Smoothstack… Read the full article here

The Biden administration is nearing plans to push tougher regulations of earth-warming greenhouse gas emissions from existing and newly built power plants, according to reports Saturday. It’s a step that widens previous stalled intentions to clamp down on the emissions from any new power plant to come on line but that would have let most operational coal- and natural gas-burning plants to be grandfathered in, according to the New York Times and other outlets, who were briefed on the Environmental Protection Agency’s (EPA)… Read the full article here

© Reuters. FILE PHOTO: A Tesla vehicle drives past Tesla’s primary vehicle factory in Fremont, California, U.S. May 11, 2020. REUTERS/Stephen Lam/File Photo By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla’s market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday. Tesla (NASDAQ:) Inc controlled 59.6% of the battery electric market in California from January to March, down from 72.7% for all of 2022 and the lowest since 2017, according to Reuters calculations based on data from the California Energy Commission. Rivals such as…

A look at the day ahead in U.S. and global markets from Mike Dolan Throwing another curve ball into an already confusing inflation picture, prices have retreated sharply again this week and take some of the edge off renewed anxiety in interest rate markets. Both and West Texas Intermediate crude futures dropped another 1% on Thursday $1.02 to their lowest since late March, just before a surprise OPEC+ production cut announcement. Although oil prices have not yet reversed all their gains from OPEC move, Brent is down more than 5% over the past week and the year-on-year deflation in oil…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar was little changed to slightly higher against major currencies on Friday, as business activity data suggested that the world’s largest economy remained resilient, supporting expectations of another 25-basis-point interest rate increase by the Federal Reserve at next month’s policy meeting. Against commodity currencies, the greenback gained as well. Overall, the was on track for its first weekly gain in nearly two months on rate increase expectations for May. Data showed on Friday that S&P Global (NYSE:)’s flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased…

Google’s top executive took home quite a bit of money last year. Sundar Pichai, the CEO of Google and Google’s parent company Alphabet, made nearly $226 million in 2022, according to a new filing from Alphabet. The majority of the pay came from stock holdings, valued at more than $218 million. The rest of the compensation came from a $2 million base salary and more than $5 million for a private security detail. It is a big boost for Pichai, who made just over $6 million in 2021 and $7.4 million in 2020. Pichai’s stock boosts come every three years,…

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The European Union Parliament has passed into law its MiCA act, and big-time industry player and CEO of Binance Changpeng Zhao is raising support following the new crypto regulations.EU introduces Markets in Crypto-assets Law, MiCAThe European Union Parliament has passed a bill into law to combat its long-standing battle against the crypto market. For a long time, the crypto industry has gone without regulations and has been a concern for several regulatory bodies.In a bid to curb this menace, several regulatory bodies across the EU, the UK, and the US have since continued to clamp down on crypto exchanges and services.The…

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Warren Buffett says he worries more about nuclear war or another pandemic than his own company. He told CNBC “I never go to bed worried about Berkshire” Hathaway as he can always change something.  Buffett’s friends including Bill Gates partly credit his success to his optimism and self-confidence. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Warren Buffett said he worried more about the prospect of catastrophic global events than the success of his own company when he goes to bed at night.The billionaire…