U.S. rents surge, leaving behind generation of younger workers

U.S. rents surge, leaving behind generation of younger workers

Sept 21 (Reuters) – The cost of renting a home in the United States is surging and young workers have felt the sharpest pain, many of them taking on additional jobs or roommates to afford housing costs. Household rents in 2021 jumped 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The … Read more

Wall Street ends in a hole after Powell’s Wyoming speech

Wall Street ends in a hole after Powell’s Wyoming speech

Fed will keep tightening until inflation controlled – Powell Core PCE increases 0.1% in July vs. 0.6% rise in June Dell, Affirm tumble on weaker forecasts Indexes down: Dow 3.03%, S&P 3.37%, Nasdaq 3.94% Lower for the week: Dow 4.2%, S&P 4%, Nasdaq 4.4% Aug 26 (Reuters) – Wall Street ended Friday with all three … Read more

Musk seeks documents from Jack Dorsey in fight over Twitter deal

Musk seeks documents from Jack Dorsey in fight over Twitter deal

WILMINGTON, Del., Aug 22 (Reuters) – Billionaire entrepreneur Elon Musk is seeking documents from Twitter Inc(TWTR.N) co-founder Jack Dorsey as the CEO of Tesla and SpaceX pursues his legal fight to walk away from his $44 billion deal for the social media company, according to a court filing. Dorsey, who resigned as Twitter’s chief executive … Read more

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some … Read more

The Biden administration is meeting with the electric car industry with Musk, Barra

The Biden administration is meeting with the electric car industry with Musk, Barra

WASHINGTON, April 6 (Reuters) – The Biden administration said senior officials held a meeting on Wednesday with big pictures, including Tesla (TSLA.O) CEO Elon Musk and General Motors (GM.N) CEO Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad agreement that charging stations and vehicles should be … Read more