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Venture Firms Scale Back Megafunds
The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. Source link
United Pilots Would Get Raises of Up to 40% Under Preliminary Deal
The pact follows agreements at Delta and American that included significant raises for pilots. Source link
The Big Question for Managers on AI: Who Gets the Job of Figuring It Out?
Companies create committees and teams to seize on the potential of artificial intelligence as executives debate how best to handle the technology. Source link
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for
Unions Park Their Cash at This Bank. Will They Stick Around?
Amalgamated has big paper losses and a large number of uninsured deposits. Source link
Weeks of Extreme Heat Strain Small Businesses and Economy
July 15, 2023 12:01 am ET Listen to article (2 minutes) Heat waves stretching across large parts of the globe are straining power grids and
FTC Loses Latest Bid to Halt Microsoft-Activision Merger
An appeals court ruling clears a path for the $75 billion acquisition to close while litigation continues. Source link
Picket Lines Get a New Dose of Star Power
As actors join a major strike against Hollywood studios, the spotlight turns to character actors and extras: “We’re not talking about the Tom Cruises of