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  • Sep 06, 2024

Amazon says in a federal lawsuit that the NLRB's structure is unconstitutional

Amazon is challenging the structure of the National Labor Relations Board in a lawsuit that also accuses the agency of improperly influencing the outcome of a union election at a company warehouse more than two years ago. The complaint, filed Thursday at a federal court in San Antonio, mirrors legal arguments the tech giant made in front of the agency earlier this year after NLRB prosecutors accused the company of maintaining policies that made it challenging for workers to organize and retaliating against some who did so. In the new legal filing, attorneys for Amazon pointed back to a lawsuit the agency filed against the company in March 2022, roughly a week before voting for a union election was set to begin at a company warehouse in the New York borough of Staten Island.

  • Sep 06, 2024

Fed’s Waller Says Jobs Data ‘Requires Action,’ Open to Big Cut

(Bloomberg) -- Federal Reserve Governor Christopher Waller said it’s important for the US central bank to begin cutting interest rates this month amid rising risks of further weakening in the labor market.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainMadrid to Ban E-Scooter Rentals,

  • Sep 06, 2024

Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

The broad-market CoinDesk 20 index was down 3% over the past 24 hours, with BTC, ETH, XRP, ADA posting declines of as much as 4%. Fed governor Waller said he will advocate for "front-loading rate cuts if that is appropriate." A smaller, 25 basis-point cut would be more beneficial for asset prices, Fundstrat's Sean Farrell noted.

  • Sep 06, 2024

Former Uruguay Bank Chief Who Beat Inflation Pivots to Growth

(Bloomberg) -- Diego Labat tamed chronically high inflation in Uruguay as its central banker. Now he wants a shot at boosting the South American country’s lackluster growth as finance chief if voters give the ruling coalition another five-year mandate in October’s election.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start

  • Sep 06, 2024

Expert Untangles VPNs as Brazil’s Twitter Ban Sparks New Interest

Last week, the government of Brazil banned X, formerly Twitter, cutting off millions of users from the Elon Musk-owned social network. It is one of the more high-profile examples of restrictions placed on platforms, and disputes around the world span a multitude of reasons: free speech (at least in the U.S.), political dissent, copyright, and illegal activity. While alternate social media platforms like Bluesky saw a surge in new users from Brazil after the ban, some still insistent on using X h...

  • Sep 06, 2024

Expert Untangles VPNs as Brazil’s Twitter Ban Sparks New Interest

Last week, the government of Brazil banned X, formerly Twitter, cutting off millions of users from the Elon Musk-owned social network. It is one of the more high-profile examples of restrictions placed on platforms, and disputes around the world span a multitude of reasons: free speech (at least in the U.S.), political dissent, copyright, and illegal activity. While alternate social media platforms like Bluesky saw a surge in new users from Brazil after the ban, some still insistent on using X h...

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