Southwest Airlines Gears Up for a Normal Flight Schedule on Friday After Mass Cancellations

Southwest Airlines Gears Up for a Normal Flight Schedule on Friday After Mass Cancellations

Southwest Airlines Co. LUV 3.70% executives said the airline is gearing up to resume its full flying schedule on Friday, removing limits on ticket sales and rebuilding crew schedules after an operational meltdown led it to cancel thousands of flights over the past week.  Executives also pledged to continue work to update technology systems that … Read more

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

A long-term illness crisis is threatening the UK economy

A long-term illness crisis is threatening the UK economy

A queue of ambulances outside the Royal London Hospital emergency department on Nov. 24, 2022, in London. In the U.K., the number of “economically inactive” people — those neither working nor looking for a job — between the ages of 16 and 64 rose by more than 630,000 since 2019. Leon Neal/Getty Images LONDON — … Read more

Laid Off Tech Workers Quickly Find New Jobs

Laid Off Tech Workers Quickly Find New Jobs

Most laid off tech workers are finding jobs shortly after beginning their search, a new survey shows, as employers continue to scoop up workers in a tight labor market. About 79% of workers recently hired after a tech-company layoff or termination landed their new job within three months of starting their search, according to a … Read more

Tesla Extends Shutdown at Shanghai Plant in Rare Christmas Suspension

Tesla Extends Shutdown at Shanghai Plant in Rare Christmas Suspension

SINGAPORE— Tesla Inc. suspended car production at its Shanghai plant on Saturday, extending a planned eight-day production halt at its largest worldwide plant by car output, according to people familiar with the matter. The decision to extend the work halt comes as Tesla faces a wave of Covid-19 infections among its workers and suppliers, the … Read more

TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week

TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week

Self-driving trucking company TuSimple Holdings Inc. TSP -3.75% plans to cut potentially at least half of its workforce next week, people familiar with the matter said, as it scales back efforts to build and test autonomous truck-driving systems. A staff reduction of that size would likely affect at least 700 employees, the people said. As … Read more

88% of employers offer a Roth 401(k). How to take advantage

88% of employers offer a Roth 401(k). How to take advantage

Maskot | Maskot | Getty Images The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. About 88% of 401(k) plans allowed employees to save in a Roth account in 2021, up from 86% in 2020 and from 49% in 2011, … 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

SpaceX, Tesla, and Boring Company execs helping Musk at Twitter

SpaceX, Tesla, and Boring Company execs helping Musk at Twitter

Elon Musk led a $44 billion acquisition of Twitter and appointed himself CEO there in late October. Ever since, he has enlisted high-ranking executives and engineers from his other businesses, including SpaceX, Tesla and The Boring Company, to help out at the social media company, according to internal records obtained by CNBC and conversations with … Read more

Walmart, JPMorgan, GM CEOs talk about possible slowdown

Walmart, JPMorgan, GM CEOs talk about possible slowdown

General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in … Read more