Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.This article is an on-site version of our Working It newsletter. Sign up here to get the newsletter sent directly to your inbox every WednesdayHello and welcome to working on it.I'm Bethan, deputy work and careers editor at the Financial Times, and I'll be replacing Isabelle this week.I spent most of the last month away from the office, on a short vacation. It was great: I traveled, gathered inspiration for future projects and improved my language skills. I came back with a…
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Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Disney appears to have staved off a board challenge from activist investor Nelson Peltz, handing victory to CEO Bob Iger, ending one of the most expensive and closely watched board battles in history. The entertainment giant received enough shareholder support to beat Peltz in his bid for a board seat, according to two people familiar with the matter, with major investors including Vanguard and BlackRock backing Disney. All 12 of Disney's nominees to the board are scheduled to be elected, these people…
Private sector job growth expanded in March at the fastest pace since July 2023, indicating continued prosperity in the U.S. labor market, payroll processing company ADP said Wednesday.Companies added 184,000 workers on a monthly basis, up from an upwardly revised February gain of 155,000 workers, which was also the Dow Jones estimate for March.In addition to the strong rebound in employment, ADP reported that wages for workers who remained in their jobs increased 5.1% from a year ago, the same rate as February after showing steady easing going back to 2023. Those who change jobs saw a 10% gain. %,…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Gold prices rose to all-time highs on Wednesday as traders responded to signals that the US Federal Reserve is preparing to cut interest rates later this year even as inflation remains above the central bank's target.Safe-haven assets have risen 15 percent since mid-February to reach $2,288 an ounce on Wednesday, also supported by concerns about the potential escalation of conflict in the Middle East. It later pared gains to trade 0.2 percent higher on the day at $2,284 an ounce.Two Federal Reserve…
To give AI-focused female academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch is launching an interview series focusing on the remarkable women who have contributed to the AI revolution. We will publish many articles throughout the year as AI continues to flourish, highlighting key works that often go unrecognized. Read more profiles here. Cathy Vidal is an American intellectual property attorney and former engineer who serves as Director of the United States Patent and Trademark Office (USPTO). Vidal began her career as an engineer at General Electric and Lockheed Martin, where she worked in…
Rafael Bostic in Jackson Hole, WyomingDavid A. Grosjean | CNBCAtlanta Fed President Rafael Bostic expressed concern Wednesday about the pace of inflation and indicated he does not believe interest rate cuts should occur until later in the year.In an interview with CNBC, the central bank official said that strong productivity, a rebounding supply chain and a resilient labor market suggest that inflation will fall “much more slowly than many expected.”“If the economy develops as I expect, and that will see continued strength in GDP and unemployment and a slow decline in inflation over the course of the year, I think…
A teller holds banknotes in Turkish lira and US dollars at a currency exchange office in Ankara, Turkey, December 16, 2021.Cagla Gurdogan | ReutersTurkey's annual inflation rate rose to 68.5% for March, up from February's reading of 67.1%, according to a Turkish Statistical Institute report released on Wednesday.The monthly rise in consumer prices was 3.16%, led by education, communications, hotels, restaurants and cafes, which saw monthly increases of 13%, 5.6% and 3.9%, respectively.On an annual basis, education again saw the highest cost inflation at 104% year-on-year, followed by hotels, restaurants and cafes at 95% and health at 80%.Turkey has launched…
Tesla CEO Elon Musk speaks at the Atreju political conference organized by Fratelli d'Italia (Brothers of Italy), in Rome, Italy, on December 15, 2023.Antonio Masello | Getty ImagesTesla Per Lekander, a hedge fund manager who has been shorting Elon Musk's electric car maker since 2020, told CNBC on Wednesday that the company could “collapse” while its stock price could fall to $14.His comments come after Tesla announced deliveries of 386,810 vehicles in the first quarter of the year, far below even the lowest market estimates.“This was really the beginning of the end for the Tesla bubble, which was probably the…
A former Los Angeles County sheriff's deputy said he was fired after refusing to participate in law enforcement gang activity, according to a lawsuit filed in Los Angeles County Superior Court.Federico Carlo, the former lawman behind the lawsuit, claims he was wrongly accused of giving a Nazi salute and sharing a sexually explicit photo, then was “suddenly fired” by a “tattooed gang member deputy” who is now the acting leader supervising the training. And employees.The acting commander, Capt. John Pat McDonald, did not respond to a request for comment, and the department did not respond to questions about whether he…
Two women hold an umbrella while sitting at an outdoor table at a cafe on April 01, 2024 in Rome, Italy. Emmanuel Cremachi | Getty Images News | Getty ImagesInflation in the 20-nation euro zone fell to 2.4% in March, according to preliminary figures published by the European Union's statistics agency on Wednesday, boosting expectations for the start of interest rate cuts in the summer.Economists polled by Reuters had expected the rate to stabilize compared to the previous month at 2.6 percent.Core inflation, excluding energy, food, alcohol and tobacco, fell from 3.1% to 2.9%, also below expectations.However, inflation in services…