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Why Are Energy Prices So High? Some Experts Blame Deregulation.

California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.  » mehr lesen

Need an Onion? These Indian Apps Will Deliver It in Minutes.

Fueled by billions of dollars in investments, Indian companies are rushing to cut delivery prices and wait times, relying on an army of low-paid, harried drivers.  » mehr lesen

Supply Problems Hurt Auto Sales in 2022. Now Demand Is Weakening.

A global semiconductor shortage is easing, which could allow carmakers to lift production this year. But higher interest rates could keep sales low.  » mehr lesen

Coinbase Reaches $100 Million Settlement With New York Regulators

The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.  » mehr lesen

Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.  » mehr lesen

Labor Market Strength Persisted Heading Into the Holidays

Government data from November showed job openings remained high, with rates of quitting and layoffs holding steady.  » mehr lesen

Fed Officials Fretted That Markets Would Misread Rate Slowdown

Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from the Federal Reserve’s December meeting showed.  » mehr lesen

Former CNN Digital Chief Named Publisher of Atlanta Journal-Constitution

Andrew Morse, who was an architect of CNN+, plans to team up with Axios to expand the newspaper’s digital business.  » mehr lesen

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