Congress may make it easier to set money aside for emergency expenses

Thomas Barwick | Digitalvision | Getty Images Many families struggle to come up with the cash when faced with an unexpected $400 expense. That lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Now Congress has a window … Read more

Biden administration loosens Trump-era ESG rules for 401(k) plans

Justin Paget | Digitalvision | Getty Images The Biden administration on Tuesday issued a final rule that makes it easier for employers to consider climate change and other so-called environment, social and governance factors when picking investment funds for their 401(k) plans. The U.S. Department of Labor rule, which takes effect in 60 days, undoes … Read more

If rail strike begins, every union will honor picket line, says BLET

Shipping containers sit at a railway facility waiting to be transferred. Scott Olson | Getty Images One of the largest rail labor unions, the Brotherhood of Locomotive Engineers and Trainmen (BLET), will honor the Brotherhood of Railroad Signalmen (BRS) strike date of December 5, the first date upon which a rail union to reject the … Read more

Twitter Workers Say Farewell After Musk Ultimatum Over Terms of Employment Passes

Tech Company follows up with practical details after billionaire challenges remaining employees to be ‘hardcore’ or leave: ‘This is not a phishing attempt’

Musk tells Twitter employees they can still receive stock

In this illustration, Elon Musk’s Twitter account is displayed on the screen of a mobile phone with the Twitter logo in the background. A whistleblower’s complaint that Twitter misled federal regulators about the company’s security risks could provide Elon Musk with fresh ammunition in his bid to get out of buying the company for $44 … Read more

Amazon Set to Lay Off Thousands of Corporate Workers

Amazon Set to Lay Off Thousands of Corporate Workers

Elon Musk’s latest email to Twitter employees addresses working late

Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters On Friday, Twitter‘s new owner Elon Musk sent a companywide email to employees of the social media giant thanking them for working long hours since he took over on Oct. 28. Musk said he had … Read more

Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the … Read more

Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

WSJ News Exclusive Tech Layoffs are to begin on Wednesday morning, the CEO told hundreds of executives on Tuesday

The unemployment rate for Black men fell in October, but so did labor force participation

A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The unemployment rate for Black men ticked down in October while it rose for most other groups, but that may be because workers are dropping out of the labor force. The October nonfarm payrolls print … Read more