Finance

Markets, economy, and industry.

  1. Industry

    Unions Score Late-May Wins Across REI, Netflix Animation, Seattle Hospitals, Nevada State Offices and Weyerhaeuser

    In late May, workers won votes and contracts across retail, entertainment, health care, public sector and timber — from REI to Netflix Animation.

    · #labor #unions #organizing #contracts

  2. Industry

    ECB to Send 'Dear CEO' Letter Urging Banks to Bolster Operational Resilience as AI Use Grows

    ECB will send a sector-wide 'dear CEO' letter urging banks to strengthen operational resilience as AI adoption rises and cyber risks intensify.

    · #ecb #banking #ai #cybersecurity #dora

  3. Industry

    SEC Proposes Rescinding 2024 Climate-Disclosure Rule, Opens Public Comment

    The SEC proposed on May 29 to rescind its 2024 climate-disclosure rule, shifting the fight from court defense to rulemaking and public comment.

    · #sec #climate #disclosure #rulemaking

  4. Industry

    FTC Sues Amare Global, Accusing Supplement Seller of False Mental‑Health Claims for Children and Deceptive Earnings Promises

    FTC sued Amare Global and three individuals, alleging the MLM falsely promoted supplements as treating depression, anxiety and ADHD in children and misled recruits about earnings.

    · #ftc #supplements #mlm #consumerprotection

  5. Industry

    FTC to Allow Ascension’s $3.9 Billion Acquisition of AmSurg Only After Sale of Seven Surgery Centers

    FTC will let Ascension buy AmSurg only if it sells seven ambulatory surgery centers across five U.S. metro areas to preserve local competition.

    · #antitrust #healthcare #ascension #amsurg #ftc

  6. Industry

    STB Accepts Revised Union Pacific–Norfolk Southern Merger Filing, Holds Review in Abeyance

    STB accepted Union Pacific and Norfolk Southern’s revised merger filing for consideration but put the review and environmental study on hold, seeking more info by July 27.

    · $UNP $NSC #rail #merger #transportation #stb

  7. Industry

    Massachusetts Certifies App Drivers Union, Giving 70,000 Uber and Lyft Drivers the Right to Bargain

    Massachusetts has certified the App Drivers Union as the statewide bargaining representative for about 70,000 Uber and Lyft drivers under a 2024 law.

    · #labor #rideshare #uber #lyft #massachusetts

  8. Industry

    Former Hodlnaut CEO Charged in Singapore Over Alleged False Claims About UST Losses

    Singapore police charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts, accusing him of misleading users about the company’s TerraUSD exposure after UST’s 2022 collapse.

    · #hodlnaut #terraust #crypto #fraud

  9. Industry

    New York Hotel Workers, Employers Reach Tentative 8-Year Deal With Record Wage Gains

    A tentative eight-year contract for roughly 25,000–27,000 New York hotel workers would boost wages, add paid parental leave, AI protections and housing funds.

    · #labor #hotels #newyork #union #wages

  10. Industry

    34 State Attorneys General Ask Court to Break Up Live Nation and Ticketmaster

    A bipartisan coalition of 34 state attorneys general asks a federal judge to force Live Nation to divest Ticketmaster and select amphitheaters.

    · $LYV #antitrust #livenation #ticketmaster #law

  11. Industry

    U.S., Boeing and Lockheed Set Seven-Year Plan to Triple PAC-3 Seeker Production

    U.S., Boeing and Lockheed set a seven-year framework to triple PAC-3 MSE seeker production, easing a key supply-chain bottleneck for Patriot interceptors.

    · $BA $LMT #defense #patriot #boeing #lockheed

  12. Industry

    Warren Challenges OCC Over Crypto National Trust Charters

    Sen. Elizabeth Warren requested OCC charter applications and legal analyses, arguing crypto trust charters let firms perform bank-like activities beyond legal limits.

    · $COIN #crypto #occ #regulation #elizabethwarren

  13. Industry

    GAO: DOE Nuclear Cleanup Office Lost One-Third of Staff Since FY2023, Now Faces 45% Vacancy Rate

    GAO finds Energy Department’s cleanup office lost a third of federal staff since FY2023, leaving about 45% vacancies in mission-critical cleanup roles.

    · #doe #nuclearwaste #workforce #environmentalcleanup #gaoreport

  14. Industry

    Federal Reserve Terminates 2023 Cease-and-Desist Order on UBS and Credit Suisse

    The Federal Reserve terminated its July 2023 cease-and-desist order related to the Archegos losses, closing a public enforcement case involving UBS and Credit Suisse.

    · $UBS #creditsuisse #ubs #federalreserve #archegos

  15. Industry

    SEC Moves to Rescind 2024 Climate-Disclosure Rule, Sends Proposal for White House Review

    The SEC submitted a proposed rescission of its 2024 climate-disclosure rule to OIRA on May 4, signaling a formal move to undo the rule and reopen review.

    · #sec #climate #regulation #disclosure

  16. Industry

    Samsung and Union Fail to Reach Deal After Mediation; 18-Day Strike Planned May 21

    Post-mediation talks broke down May 13, raising the risk of an 18‑day strike at Samsung, a key player in global memory-chip supply chains.

    · #samsung #labor #semiconductors #southkorea

  17. Industry

    Toyota posts higher sales and revenue in FY2026, but operating profit falls after U.S. tariffs cut ¥1.4 trillion

    Toyota sold 9.595 million vehicles in FY2026 and revenue rose to ¥50.685 trillion, but operating profit fell after U.S. tariffs cut about ¥1.4 trillion.

    · $TM #toyota #earnings #tariffs #automotive

  18. Industry

    Teamsters launch ULP strike at Breakthru Beverage’s St. Louis distribution center, halting some deliveries

    Teamsters say 100+ Breakthru Beverage drivers and warehouse workers in St. Louis have launched an unfair-labor-practice strike over contract disputes, halting some deliveries.

    · #labor #teamsters #breakthru #stlouis

  19. Industry

    Coinbase to cut about 700 jobs, citing market weakness and an ‘AI era’ restructure

    Coinbase will cut about 700 jobs—roughly 14%—and take $50–60M in restructuring charges amid weak crypto markets and a shift toward AI.

    · $COIN #coinbase #layoffs #crypto #restructuring