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Ride-sharing giants Uber and Lyft have reached an agreement to settle a significant wage theft case in New York. The New York Attorney General’s office led the investigation, which revealed that both companies had systematically deprived their drivers of rightful wages and benefits. The settlements, totaling $328 million, will impact over 100,000 c…

New York, November 2 (Reuters) - Elon Musk has urged a federal judge not to compel him to testify in the U.S. Securities and Exchange Commission’s (SEC) investigation into his $44 billion acquisition of the social media platform Twitter. Musk submitted his objections to the court in San Francisco, where the SEC filed a lawsuit on October 5, seeking…

In a recent report, Apple announced its fiscal fourth-quarter earnings, surpassing analyst expectations in terms of sales and earnings per Apple share. However, the tech giant revealed that its overall sales have experienced a decline for the fourth consecutive quarter. All of Apple’s hardware businesses, except the iPhone, reported year-over-year …

In a recent ADP report released on Wednesday, private sector payroll growth in October displayed a modest uptick but failed to meet market expectations, raising concerns about the state of the labor market. The data suggests that the employment landscape might be heading for darker times. ADP, a prominent payrolls processing firm, revealed that …

WASHINGTON (AP) — The Federal Reserve is expected to maintain its current key interest rate, as the U.S. economy exhibits resilience while grappling with mounting challenges, including surging interest rates, international instability, and anxious investors. In the third quarter, the U.S. experienced significant economic growth driven by strong …

The U.S. Securities and Exchange Commission (SEC) revealed on Monday its intent to file charges against SolarWinds' Chief Information Security Officer, Timothy Brown. He stands accused of fraudulent activities related to alleged misrepresentation of the company's cybersecurity practices and failure to disclose known risks to investors. The SEC comp…

In a scathing critique of the recent tentative agreement between the United Auto Workers (UAW) and Ford, a former industry heavyweight has accused the labor union of disregarding the concerns of automakers and employing coercive tactics in labor negotiations. Bob Lutz, a seasoned industry veteran with experience at all three of the "Big Three" a…

As the new week dawns in Asian markets, investors find themselves in a state of relative calm, with Australian retail sales being the lone item on the economic calendar for the Asian and Pacific region on Monday. However, this tranquility is expected to be short-lived, as the week ahead promises to be a rollercoaster ride for both global and Asian …

In recent developments, the housing market is facing a chilling trend as mortgage rates surge, inching perilously close to the 8% mark, and driving many prospective homebuyers to step back from the market. According to data released by Freddie Mac on Thursday, the average 30-year mortgage rate made a significant leap from 7.63% to 7.79% within t…

In a courtroom drama that unfolded on Thursday, Sam Bankman-Fried, the central figure in a high-stakes fraud trial, found himself under intense scrutiny during cross-examination. As the proceedings played out, Bankman-Fried's responses were often characterized by vagueness and meandering ambiguity, frequently punctuated by phrases like "not entirel…