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December 13, 2025
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January 9, 2024

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Biden administration issues rule that could curb ‘gig’ work, contracting

The Cheap Investor2 years ago2 years ago04 mins

By Daniel Wiessner (Reuters) -The U.S. Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractors, in a move that has riled business groups and will likely prompt legal challenges. The rule is widely expected to increase labor costs for…

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Meta to restrict more content for teens as regulatory pressure mounts

The Cheap Investor2 years ago2 years ago03 mins

(Reuters) – Meta Platforms said on Tuesday it would hide more content from teens on Instagram and Facebook, after regulators around the globe pressed the social media giant to protect children from harmful content on its apps. All teens will now be placed into the most restrictive content control settings on the apps and additional…

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Exxon’s faces hurdles in $2.5 billion exit from California offshore

The Cheap Investor2 years ago2 years ago03 mins

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil’s write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay…

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