Wednesday, March 29, 2023
March 29, 2023

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Fisher Investments: Camas offices won’t close over HQ shift to Texas

March 28, 2023, 9:40am Business

Fisher Investments will not close its Camas offices as it moves its corporate headquarters to Texas, but the financial advisory firm said it will allow staffing numbers in Camas to… Read story

Microsoft Seattle-area layoffs top 2,700 with tech giant’s latest cuts

March 28, 2023, 8:08am Business

Microsoft has laid off 559 workers from its Bellevue and Redmond operations Monday, bringing the total of Seattle-area cuts to 2,743, or more than a quarter of the 10,000 cuts… Read story

A protester waves a sign that read "unionize" near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022.

New Starbucks CEO inherits Schultz-drafted future and labor worries

A protester waves a sign that read "unionize" near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022.

March 28, 2023, 2:00pm Business

When Howard Schultz returned to be Starbucks CEO for the third time last year, he made it clear he wasn’t staying. Last week, he stepped down, handing over the role to Laxman Narasimhan. Read story

A display shows news about the interest rate while traders work on the floor at the New York Stock Exchange in New York, Wednesday, March 22, 2023.

Stocks mostly hold steady as Wall Street regains stability

A display shows news about the interest rate while traders work on the floor at the New York Stock Exchange in New York, Wednesday, March 22, 2023.

March 28, 2023, 1:04pm Business

Stocks were mixed Tuesday as Wall Street regains some stability at the tail end of what’s been a turmoil-filled month. Read story

President Joe Biden greets employees as he tours semiconductor manufacturer Wolfspeed Inc., in Durham, N.C., Tuesday, March 28, 2023.

In North Carolina, Biden to compare economic plan with GOP’s

President Joe Biden greets employees as he tours semiconductor manufacturer Wolfspeed Inc., in Durham, N.C., Tuesday, March 28, 2023.

March 28, 2023, 12:48pm Business

President Joe Biden visited an expanding North Carolina semiconductor manufacturer on Tuesday as he launches an effort to spotlight the impact legislation passed earlier in his administration is having on the U.S. economy and contrast his vision with that of Republicans on budget priorities. Read story

U.S. renewable electricity surpassed coal in 2022

March 28, 2023, 11:31am Business

Electricity generated from renewables surpassed coal in the United States for the first time in 2022, the U.S. Energy Information Administration announced Monday. Read story

Patrick Chapman, 27, prepares for customers Thursday, March 2, 2023, at The Golden Scoop, an Overland Park, Kan., ice cream and coffee shop that employs workers with developmental disabilities, paying them more than minimum wage. But some disabled workers employed at so-called sheltered workshops are earning far less than minimum wage, an issue that has captured the attention of lawmakers in the state. Disability rights advocates say the practice is discriminatory and more than a dozen states have banned such wages.

Push in states for $20 minimum wage as inflation persists

Patrick Chapman, 27, prepares for customers Thursday, March 2, 2023, at The Golden Scoop, an Overland Park, Kan., ice cream and coffee shop that employs workers with developmental disabilities, paying them more than minimum wage. But some disabled workers employed at so-called sheltered workshops are earning far less than minimum wage, an issue that has captured the attention of lawmakers in the state. Disability rights advocates say the practice is discriminatory and more than a dozen states have banned such wages.

March 28, 2023, 10:30am Business

Just years after labor activists persuaded a handful of states to raise their minimum wage to $15 per hour, workers initially thrilled with the pay bump are finding their hard-won gains erased by inflation. Read story

Treasury Secretary Janet Yellen testifies before the House Appropriations Committee on Budget and Oversight hearing to examine proposed budget estimates and justification for the 2024 fiscal year on Capitol Hill Thursday, March 23, 2023, in Washington.

U.S. makes corporate transparency commitment with 20 nations

Treasury Secretary Janet Yellen testifies before the House Appropriations Committee on Budget and Oversight hearing to examine proposed budget estimates and justification for the 2024 fiscal year on Capitol Hill Thursday, March 23, 2023, in Washington.

March 28, 2023, 9:55am Business

Treasury Secretary Janet Yellen will announce America’s commitment to enhancing corporate transparency along with more than 20 other countries at the Summit for Democracy on Tuesday. Read story

FILE - Sen. Sherrod Brown, D-Ohio, speaks during a Senate Commerce, Science, and Transportation Committee hearing on improving rail safety in response to the East Palestine, Ohio train derailment, on Capitol Hill in Washington, March 22, 2023.

Fed official: Bank rules under review in wake of SVB failure

FILE - Sen. Sherrod Brown, D-Ohio, speaks during a Senate Commerce, Science, and Transportation Committee hearing on improving rail safety in response to the East Palestine, Ohio train derailment, on Capitol Hill in Washington, March 22, 2023.

March 28, 2023, 9:50am Business

The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems. Read story

FILE - FTX founder Sam Bankman-Fried, left, arrives at Manhattan federal court on Feb. 16, 2023, in New York. In a proposal submitted Friday, March 3, 2023, prosecutors and attorneys for Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device that's not a smartphone while on bail.

Bankman-Fried charged with paying $40M bribe to China

FILE - FTX founder Sam Bankman-Fried, left, arrives at Manhattan federal court on Feb. 16, 2023, in New York. In a proposal submitted Friday, March 3, 2023, prosecutors and attorneys for Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device that's not a smartphone while on bail.

March 28, 2023, 8:18am Business

FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed Tuesday. Read story