Amazon warehouse workers get ‘big win’ with New York law on quotas

Amazon warehouse workers get ‘big win’ with New York law on quotas

A new law in New York will require companies that operate distribution centers to be more transparent about their work requirements, aiming to protect warehouse workers from possibly unlawful quotas. Gov. Kathy Hochul last week signed the Warehouse Worker Protection Act, which is modeled after a similar, first-in-the-nation law signed in California last year. The … Read more

Elon Musk’s Jet Has a Twitter Account Tracking It Again—With a 24-Hour Delay

Elon Musk’s Jet Has a Twitter Account Tracking It Again—With a 24-Hour Delay

Jack Sweeney, the college student whose Twitter account tracking Elon Musk’s private jet was suspended, is back on the social-media platform with a new jet-tracking account.  Mr. Sweeney, a University of Central Florida sophomore, created @ElonJetNextDay Thursday evening, he said. It follows the same set up as his original account, @ElonJet, except it shares the … Read more

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk ‘s immense wealth and borrowing power are now being tested as the Tesla Inc. TSLA -1.76% shares that have fueled his fortune have sharply declined while he rushes to stabilize his massive personal investment in Twitter Inc. The auto maker’s share value has nosedived 18% this week alone and more than 60% since … Read more

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk pledged to pause selling shares in Tesla Inc. TSLA -8.88% and said that a decision on a buyback of the company’s stock could be influenced by the severity of any economic downturn as he tried to ease concerns his purchase of Twitter was to the detriment of the electric-vehicle maker. Mr. Musk, on a … Read more

Tesla Bears Are Sitting on $15 Billion in Gains This Year

Tesla Bears Are Sitting on $15 Billion in Gains This Year

After years of wrong-way bets, investors shorting the shares of Elon Musk ‘s electric-vehicle maker are sitting on collective gains of $15 billion in 2022, according to data from S3 Partners.  Short sellers borrow shares and sell them with the hope of profiting by buying the stock back at a lower price later. Tesla shares … Read more

Elon Musk Seeks Additional Funds for Twitter

Elon Musk Seeks Additional Funds for Twitter

Elon Musk’s team has reached out for potential fresh investment for Twitter Inc. at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, said a representative for Mr. Musk contacted him … Read more

Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares

Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares

Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday.

Senate Passes Bill Banning TikTok From Government Devices

Senate Passes Bill Banning TikTok From Government Devices

WASHINGTON—The Senate passed by unanimous consent a bill that would ban federal employees from downloading or using the social-media app TikTok on government devices, in the face of mounting national-security concerns. The legislation would still have to pass the House and be signed by the president to become law. A similar bill passed the Senate … Read more

Food-Delivery Apps Press to Amend New York City Fee Caps

Food-Delivery Apps Press to Amend New York City Fee Caps

Delivery companies Grubhub and DoorDash Inc. DASH 2.33% are pushing for enactment of a bill in New York City that would amend the city’s cap on the fees they can charge restaurants—a measure the companies say is urgent as a new minimum wage for delivery workers takes effect next year. Grubhub retained a former state … Read more

Microsoft Tops the Best-Managed Companies of 2022

Microsoft Tops the Best-Managed Companies of 2022

The technology sector’s grip on the top spots in the annual Management Top 250 ranking slipped this year. Microsoft Corp. held its ground, ranking No. 1 in this measure of the best-run companies in the U.S. for the third straight year. But unlike last year, when tech companies took the first five spots in the … Read more