The Federal Trade Commission has voted to ban almost all noncompete agreements between companies and their employees. The ban also applies to any existing noncompete agreements. Editor-in-Chief at Investopedia, Caleb Silver, breaks down what this means for employees and businesses.
Category Archives: business
What to know when shopping for your next insurance plan
From the home you own to the items you keep inside, there is plenty to keep in mind when shopping for insurance policies. NBC News senior investigative correspondent Vicky Nguyen joins TODAY to break down the different kinds of coverage plans.
Student demonstrators arrested coast-to-coast; Netanyahu compares campus protests to Nazi Germany
Columbia protest encampment to continue after deadline to clear out passes
U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
U.S. prosecutors are seeking an above-guidance sentence of 36 months for the former CEO of cryptocurrency exchange Binance on charges of enabling money laundering, according to a sentencing memorandum out late Tuesday.
Airlines must cough up cancellation cash and can no longer hide fees under new federal rule
A federal rule announced Wednesday will require airlines to quickly give cash refunds — without lengthy arguments — to passengers whose flights have been canceled or seriously delayed, the Biden administration said.
Tesla sees biggest drop in revenue in over a decade
Elon Musk’s company Tesla has seen its biggest drop in revenue in over a decade by nine percent, according to the company’s recent first quarter earnings report. This comes after the company faced several layoffs.
Biden administration bans noncompete agreements, setting up legal showdown with business groups
The Biden administration has issued a nationwide ban on the ability of employers to make their workers sign noncompete agreements, a move regulators said would help boost employee pay but which is set to be challenged in court by business groups.
Day 6 of Trump’s hush money trial focuses on details of ‘catch-and-kill’ scheme
Testimony in Donald Trump’s historic hush money case resumed Tuesday, with prosecutors urging the court to hold the former president in contempt for attacking witnesses and others, and former tabloid impresario David Pecker returning to the stand with details that linked Trump’s circle to a slew of salacious stories.
Tesla’s affordability push eases growing doubts about its performance and Musk’s focus
Doubts persist for Tesla as demand for electric vehicles slows, and as some critics contend that Elon Musk seems to be devoting more energy to other projects.
Congress is finally set to approve a TikTok ban. But it could still be years before it takes effect.
TikTok’s fate has never been more in doubt since the House of Representatives recently approved a bill that forces its parent company to find a buyer or face a U.S. ban.