5 things to know before the stock market opens Monday, May 9

5 things to know before the stock market opens Monday, May 9

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures over drop 2% as stocks continue to sell off Traders on the floor of the NYSE, May 6, 2022. Source: NYSE The Nasdaq was poised to lead Wall Street lower again Monday, with futures tied … Read more

Elon Musk Sounds The Alarm About Japan

Elon Musk Has an Original Way to Outshine Warren Buffett

He is charismatic and unpredictable. His personality divides. Some people describe him as the most revolutionary CEO of recent years. Others see in him a CEO who is the mirror of an era dominated by trends that follow one another at the speed of a short video on TikTok. We stick all the labels on … Read more

President Biden’s Executive Order On Bitcoin

President Biden’s Executive Order On Bitcoin

Joseph Stafford is a partner at the law firm Wilson Elser and provides counseling to clients in the Intellectual Property, Regulatory Compliance and Corporate/D&O Risk Management practice areas. By signing an executive order (EO) on cryptocurrencies, President Biden has signaled an openness to the technology’s potentially positive impacts. This is a significant and encouraging development … Read more

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, NY, issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National … Read more

Star Trek Strange New Worlds Uses Ukrainian Protest Footage as Alien Riot

Star Trek Strange New Worlds Uses Ukrainian Protest Footage as Alien Riot

Strange New Worlds‘ debut episode makes some choice uses of archival footage.screenshot: Paramount Star Trek: Strange New Worlds heads to the franchise’s past to tell adventure stories for a bright, optimistic future—but its very first episode has looked to our own recent history to provide a proxy that has some very unfortunate connotations. Part of … Read more

Elon Musk denies claim Trump encouraged him to buy Twitter

Elon Musk denies claim Trump encouraged him to buy Twitter

Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Staehle | picture alliance via Getty Images Elon Musk on Friday flatly denied a claim by the head of ex-President Donald Trump’s new social media company that Trump had encouraged Musk’s bid … Read more

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON—Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses is distributed … Read more

New York City could bring back mask mandate, vaccine checks

New York City could bring back mask mandate, vaccine checks

Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, US March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, … Read more

Data broker SafeGraph stops selling abortion-provider information

Data broker SafeGraph stops selling abortion-provider information

People protest after the leak of a draft majority opinion written by Justice Samuel Alito, preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in New York City, US, May 3, 2022. Yana Paskova | Reuters The online data-location broker SafeGraph said it has … Read more

U.S. Trade Deficit Widens to Record $109.8 Billion as Imports Surge

U.S. Trade Deficit Widens to Record $109.8 Billion as Imports Surge

Inflation, supply imbalances and strong demand for imported goods widened the US trade deficit to a record in March, with clothing, computers, and vehicles driving the surge. The trade gap in goods and services widened by 22.3% in March from the prior month to a seasonally adjusted $109.8 billion, the Commerce Department said Wednesday. Before … Read more