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Money & Markets

Biden calls on Congress to head off potential rail strike

OMAHA, Neb. — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, and House Speaker Nancy Pelosi said lawmakers would take up legislation this week to impose the deal that unions agreed to in ...

Consumers could pay price if railroads, unions can’t agree

OMAHA, Neb. — Consumers could see higher gas prices and shortages of some of their favorite groceries during the winter holiday season if railroads and all of their unions can’t agree on new contracts by an early-December deadline that had already been pushed back. The likelihood of a ...

Twitter risks fraying as engineers leave over Musk upheaval

Elon Musk’s managerial bomb-throwing at Twitter has so thinned the ranks of software engineers who keep the world’s de-facto public square up and running that industry insiders and programmers who were fired or resigned this week agree: Twitter may soon fray so badly it could actually ...

Elizabeth Holmes faces judgment day for her Theranos crimes

SAN JOSE, Calif. — A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. Holmes’ sentencing in the same San Jose, ...

Amazon begins mass layoffs among its corporate workforce

NEW YORK — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at ...

US offshore wind energy industry faces blowback from locals

OCEAN CITY, N.J. — It’s just one cable meant to bring electricity from an offshore wind farm to a former coal-burning power plant in southern New Jersey, but it symbolizes a big challenge facing the renewable energy industry. The cable has been fought over for nearly three years, with no ...