Caroline Ellison testified that FTX cofounder Sam Bankman-Fried told her to steal money from FTX’s customers and use them to repay firms that had lent money to Alameda Research, the crypto trading firm Ellison was…
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Business
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Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the month,…
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Business
‘Kill us or send us home’: Amazon workers in Saudi Arabia say they were exploited by labor supply and recruiting firms
This story was reported in collaboration with the International Consortium of Investigative Journalists, Arab Reporters for Investigative Journalism and The Guardian. Momtaj Mansur flew to Saudi Arabia in September 2021, excited to work at one of the…
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Workers at Mack Trucks have gone on strike Monday after rejecting a proposed contract between the company and the United Auto Workers union. The union released a letter on X, formerly known as Twitter, that…
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Business
More than 75,000 workers to strike at hundreds of Kaiser Permanente health facilities across U.S.
Workers at Kaiser Permanente — the nation’s largest health care nonprofit organization — began a strike Wednesday morning that is set to within hours see more than 75,000 union members walk out of hospitals and…
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Abercrombie & Fitch says it is investigating allegations that ex-CEO Mike Jeffries, who led the company for more than 20 years and defined its modern image, exploited men at sex parties he hosted. BBC News…
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Walmart says people who get weight loss drugs like Wegovy at its pharmacies are buying a bit less food at its stores. Walmart’s U.S. CEO, John Furner, told Bloomberg News that the company is seeing…
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In the housing market today, it feels like what goes up doesn’t have to come down. It looked like home prices were finally cooling off late last year after price spikes that began during the…
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The criminal cyberattack on MGM Resorts in Las Vegas last month resulted in the company’s losing around $100 million, it said in a filing Thursday evening with the Securities and Exchange Commission. The admission is…
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Two of Sam Bankman-Fried’s former friends from MIT, who also worked at crypto exchange FTX while living with the company co-founder in the Bahamas, took the stand in a Manhattan courtroom this week to testify against…