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☆ Bitcoin drops below $25,000, Tether's stablecoin falls under its dollar peg
▼ + stars: | 2023-06-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Cryptocurrency prices fell after the Federal Reserve's June meeting, with bitcoin falling below $25,000 for the first time since March. On Thursday, bitcoin was lower by around 4% at $24,866.92, according to Coin Metrics, while ether fell more than 5% to $1,632.47. And selling pressure weighed on Tether (USDT), which lost its peg to the U.S. dollar on most exchanges Thursday, falling to 99 cents in its biggest drop since November. "Given how thin trading volumes are at the moment, a sizable (but not massive) sell order is enough to set off liquidations."

Persons: bitcoin, Altcoins, Polygon's, Cardano's, Stocks, Michael Safai Organizations: Chartered, Federal, Metrics, U.S, Federal Reserve

☆ 21-year-old flies 600 miles a week to avoid paying $3,500-a-month New York rent—here's how much she saves
▼ + stars: | 2023-06-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Since early June, Celentano has commuted by plane once a week to her summer internship at Ogilvy Health in Parsippany, New Jersey, from her parent's house in Charleston, South Carolina. Celentano didn't want to join the legions of summer interns fighting for affordable housing in and around New York City. And her job only requires her to be in the office — about a 45-minute drive from downtown Manhattan — once, sometimes twice, per week. For Celentano, commuting four-plus hours by plane weekly was a much easier pill to swallow than paying New York rent for three months on an intern's salary. "I didn't think twice about it," Celentano, a rising senior at the University of Virginia, tells CNBC Make It.

Persons: Sophia Celentano's, she'll, Celentano, — Organizations: Charleston International Airport, Ogilvy Health, University of Virginia, CNBC, Companies Locations: Parsippany , New Jersey, Charleston , South Carolina, New York City, Manhattan, New York, Charleston

☆ MLB roundup: A's top Rays on 'reverse boycott' night
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +11 min

Jose Abreu notched his 1,500th career hit and became the fourth player in franchise history to score 1,000 runs. Nationals starter Patrick Corbin (4-7) allowed two runs on four hits in five innings. Giants starter Alex Cobb allowed two runs on five hits and two walks in four innings. Ortiz was charged with four runs and also allowed six hits over 5 1/3 innings for the Pirates. Mariners 9, Marlins 3George Kirby pitched six strong innings and Mike Ford hit two home runs as Seattle defeated visiting Miami.

Persons: Ramon Laureano, Cary Edmondson, Hogan Harris, John Fisher, Laureano, Colin Poche, Carlos Perez's grounder, Isaac Paredes, Harris, Shintaro Fujinami, Hunter Brown, Mauricio Dubon, Kyle Tucker, Martin Maldonado, Chas McCormick, Brown, Jose Abreu, Patrick Corbin, Michael Conforto, Louis, J.D, Davis, Mitch Haniger, Mike Yastrzemski, Patrick Bailey, Alex Cobb, Keaton Winn, Jack Flaherty, Gunnar Henderson, Henderson, Adam Frazier, Ryan O'Hearn, Aaron Hicks, Baltimore's Dean Kremer, Chris Bassitt, Will Smith, David Peralta, Tony Gonsolin, Lance Lynn, Gary Sanchez, Fernando Tatis Jr, Joe Musgrove, Josh Hader, Tanner Bibee, Juan Soto, Tatis, Manny Machado's flyout, Xander Bogaerts, Jake Cronenworth, Sanchez, Padre, Bryson Stott, Kyle Schwarber, Nick Castellanos, Alex Bohm, Bryce Harper, Zack Wheeler, Wheeler, Corbin Carroll, Christian Walker, Zach Davies, Carlos Correa, Michael A, Taylor, Devin Williams, Edouard Julien, Willi Castro, Donovan Solano's, Correa, Williams, Randal Grichuk, Grichuk's, Justin Garza, Coco Montes, Nolan Jones, Jurickson Profar, Rafael Devers, Daniel Bard, Pierce Johnson, Josh Donaldson, DJ LeMahieu, Brandon Nimmo, Jeff McNeil, Drew Smith, Ron Marinaccio, Josh Walker, Hunter Renfroe, Zach Neto, Shohei Ohtani, Jimmy Herget, Carlos Estevez, Nathaniel Lowe, Corey Seager, Owen White, Elly De La Cruz, Spencer Steer's, Kevin Newman's, Stuart Fairchild, TJ Friedl, Jordan Lyles, Lyles, Ian Happ, Jameson Taillon, Happ, Luis L, Ortiz, Jack Suwinski, Christopher Morel, George Kirby, Mike Ford, Cal Raleigh, Jose Caballero, Garrett Cooper, Chris Flexen Organizations: Oakland Athletics, Tampa Bay Rays, Oakland, Alameda County Coliseum, Astros, Houston, Washington, Giants, Cardinals, San Francisco, St, Orioles, Blue Jays, Baltimore, Toronto, American, Dodgers, White Sox, Padres, Guardians, Cleveland, Phillies, Diamondbacks, Philadelphia, Brewers, Minnesota, Milwaukee, Twins, Red Sox, Boston, Rockies, Yankees, Mets, Big Apple, Rangers, Angels, Los Angeles, Reds, Royals, Cincinnati Reds, Kansas City, The Reds, Cubs, Pirates, Chicago, Pittsburgh, Mariners, Marlins, Seattle, Miami, Cal, Kirby, Thomson Locations: Oakland , California, USA, Vegas, Angeles, Chicago, Cincinnati, Philadelphia, Seattle, San Diego, Cleveland, Phoenix, Arizona, Minneapolis, Minnesota, Colorado, Grichuk, Arlington , Texas, Pittsburgh, Raleigh, Ford

☆ Coinbase is the latest target of the SEC’s crypto crackdown—how U.S. investors may be affected
▼ + stars: | 2023-06-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +6 min

On June 13, the U.S. Securities and Exchange Commission sued Coinbase, the second-largest crypto exchange by volume, according to CoinMarketCap.com. The federal regulator alleges Coinbase operated its crypto asset trading platform as an unregistered national securities exchange and broker, per the June 13 press release. The SEC also alleges at least 13 crypto assets that Coinbase made available to customers, including Solana and Cardano's tokens, qualify as "crypto asset securities," according to the complaint. This comes just one day after the SEC sued Binance, the world's largest crypto exchange, and its billionaire founder, Changpeng Zhao. Trading crypto on an exchange versus peer-to-peer

Persons: Coinbase, Coinbase's, Brian Armstrong, Paul Grewal, we'll, Binance, Changpeng Zhao, Zhao, Gary Gensler, Chen Arad, they've, Arad, Omid, Malekan, wasn't, Bitcoin, There's, bitcoin Organizations: The U.S, U.S . Securities, Exchange Commission, SEC, CNBC, Twitter, Solidus Labs, NBC, Columbia Business School, Architecting, Money, U.S, Commodity, Futures, Metrics Locations: Paris, France, The, Solana, U.S, Arad

☆ Crypto prices stabilize after plunging on SEC crackdown jitters
▼ + stars: | 2023-06-12 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

The Binance website on a laptop arranged in the Brooklyn borough of New York, US, on Wednesday, June 7, 2023. The list of digital tokens deemed as unregistered securities by the Securities and Exchange Commission now spans over $120 billion of crypto after the US agencys lawsuits against Binance Holdings Ltd. and Coinbase Global Inc. The SEC sued Coinbase and Binance last week, accusing both of selling unregistered securities, among other charges. On Tuesday, the U.S. regulator alleged that Coinbase was operating as an unregistered exchange and broker, and that 13 assets listed on its platform were considered crypto asset securities. On Monday, it also accused Binance of inflating trading volumes, diverting customer funds and misleading customers about its controls, among others.

Persons: Gabby Jones, Coinbase, Ripple's XRP, Binance's, Binance Organizations: Securities and Exchange Commission, Binance Holdings, Coinbase Global Inc, Bloomberg, Getty, U.S . Securities, Exchange Commission, SEC, Polygon's Locations: Brooklyn, New York, U.S

☆ The moon's pull is so strong it may trigger earthquakes on Earth. Scientists are still baffled by its power.
▼ + stars: | 2023-06-10 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

A small handful of experts claim to have evidence that our satellite produces forces that can trigger earthquakes. The moon's effect on earthquakes was hiddenScientists have long pondered whether the moon's tides could be linked to earthquakes. And it seems that in some cases, the moon did help trigger earthquakes around the world. By digging into these datasets, a few studies have suggested a link between Earth tides and earthquakes. Rather, it is when the rock is on the very brink of collapse that the moon's small tug could push it past that final tipping point.

Persons: —, Vi Nguyen, Chris Scholtz, Scholtz, Juan, Scholz, C.H, Tan, Nat Commun, Davide Zaccagnino, Zaccagnino Organizations: Service, NASA, Columbia Climate School, Pictures, NOAA, US, Nature Communications, Sapienza University of Rome Locations: Fuca, Earthquakes

☆ Crypto tokens plunged this week after Gensler stepped up SEC crackdown
▼ + stars: | 2023-06-09 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

SEC Chair Gary Gensler stepped up his attack on the crypto industry this week, suing Coinbase and Binance for securities violations and casting doubt on the future of token trading. In alleging that Coinbase was acting as an unregistered broker and exchange, the Securities and Exchange Commission said at least 13 crypto assets available to the company's customers were considered "crypto asset securities." They include Solana's SOL token, Cardano's ADA token, Polygon's MATIC coin and Protocol Labs' Filecoin token (FIL). Binance's BNB token, ranked fourth, fell 16%. "The investing public has the benefit of U.S. securities laws," Gensler said in an interview with CNBC's "Squawk on the Street" on Tuesday.

Persons: Gary Gensler, Coinbase, Crypto.com, Binance's, Joe Biden, Sam Bankman, Gensler, CNBC's Organizations: U.S . Securities, Exchange Commission, Banking, Housing, Urban Affairs, SEC, CNBC, Securities and Exchange Commission, ADA, Labs, Polygon, Solana Locations: Cardano, Solana

☆ Crypto tokens plunged this week after Gensler stepped up SEC's industrywide crackdown
▼ + stars: | 2023-06-09 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

SEC Chair Gary Gensler stepped up his attack on the crypto industry this week, suing Coinbase and Binance for securities violations and casting doubt on the future of token trading. They include Solana's SOL token, Cardano's ADA token, Polygon's MATIC coin and Protocol Labs' Filecoin token (FIL). "No other coins are affected and your crypto is still safe on Robinhood," the company said in a post. Binance's BNB token, ranked fourth, fell 16%. "The investing public has the benefit of U.S. securities laws," Gensler said in an interview with CNBC's "Squawk on the Street" on Tuesday.

Persons: Gary Gensler, Coinbase, Crypto.com, Binance's, Biden, Sam Bankman, Gensler, CNBC's Organizations: U.S . Securities, Exchange Commission, Banking, Housing, Urban Affairs, SEC, CNBC, ADA, Labs, Polygon, Solana Locations: Cardano, Solana

☆ Philippines raises alert level at rumbling volcano after rockfall, quakes
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

MANILA, June 8 (Reuters) - The Philippines raised the alert level at the popular Mayon volcano by a notch on Thursday, after detecting volcanic earthquakes and hundreds of rockfall events. At "alert level 3" on a scale of 5, Mayon has increased chances of lava flows and a potential for explosive activity within weeks or even days, it added. The agency had elevated Mayon to "alert level 2" on June 5. There are no major industries around the volcano, with most farming activities in the area consisting of subsistence crops. The most destructive eruption came in February, 1841 when lava flows buried a town and killed 1,200 people.

Persons: Mayon, Neil Jerome Morales, Kanupriya Kapoor Organizations: Thomson Locations: MANILA, Philippines, Albay

☆ SEC sues Coinbase over exchange and staking programs, stock drops 13%
▼ + stars: | 2023-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Coinbase stock had already fallen 9% on Monday, after the SEC unveiled charges against rival crypto exchange Binance and its founder Changpeng Zhao. Coinbase's flagship prime brokerage, exchange and staking programs violate securities laws, the regulator alleged in its complaint. The SEC has alleged that at least 13 crypto assets available to Coinbase customers were considered "crypto asset securities" by the regulator. Coinbase's institutional service, Prime, its retail exchange product, and its self-custody Wallet service all offered one or more crypto asset security, the SEC said in its complaint. Coinbase's staking program was also identified as a investment contract and as an unregistered security: The SEC had already taken similar action to force the closure of crypto exchange Kraken's staking service.

Persons: Changpeng Zhao, Gary Gensler, Gensler, Coinbase, Paul Grewal, we'll, Coinbase's Organizations: Securities, Exchange Commission, SEC, CNBC, New York Stock Exchange, Labs, Coinbase, Regulators Locations: New York

[1/5] A student practices smiling with a mirror at a smile training course at Sokei Art School in Tokyo, Japan, May 30, 2023. Only 8% said they had stopped wearing masks altogether. Tellingly, roughly a quarter of the art school students who took the class kept their masks on during the lesson. Her trademarked "Hollywood Style Smiling Technique" method comprises "crescent eyes", "round cheeks" and shaping the edges of the mouth to bare eight pearly whites in the upper row. With a surge in inbound tourists, Japanese people need to communicate with foreigners with more than just their eyes, she added.

Persons: Kim Kyung, Hoon TOKYO, Keiko Kawano's, Himawari Yoshida, Young, Kawano, Anton Bridge, Tom Bateman, Chang, Ran Kim, Edwina Gibbs Organizations: Sokei Art School, REUTERS, NHK, Thomson Locations: Tokyo, Japan

☆ Village garbage man helped unearth ancient bronze statues in Tuscany
▼ + stars: | 2023-06-02 | by ( Alvise Armellini | ) www.reuters.com time to read: +5 min

About two dozen bronze statues from the third century BC to the first century AD, extracted from the ruins of an ancient spa, will go on display in Rome's Quirinale Palace from June 22, after months of restoration. When the discovery was announced in November, experts called it the biggest collection of ancient bronze statues ever found in Italy and hailed it as a breakthrough that would "rewrite history". The statues were found in 2021 and 2022 in the hilltop village of San Casciano dei Bagni, still home to popular thermal baths, where archaeologists had long suspected ancient ruins could be discovered. Digging started in 2019 on a small plot of land next to the village's Renaissance-era public baths, but weeks of excavations revealed "only traces of some walls", San Casciano Mayor Agnese Carletti said. Then former bin man and amateur local historian Stefano Petrini had "a flash" of intuition, remembering that years earlier he had seen bits of ancient Roman columns on a wall on the other side of the public baths.

Persons: dei, Casciano Mayor Agnese Carletti, Stefano Petrini, San, Petrini, Emanuele Mariotti, Maria Giuseppina Valeri, Laura Rivaroli, Roman, San Casciano dei, Ada Salvi, Salvi, Mariotti, Marcius Grabillo, Janet Lawrence Organizations: Casciano Mayor, Culture Ministry, Grosseto, Arezzo, Thomson Locations: Rome, Italy, Tuscany, Quirinale, San, Casciano, San Casciano's, San Casciano, Tuscan, Siena

☆ Stratasys receives $1.21 bln unsolicited buyout proposal from 3D Systems
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - Stratasys Ltd (SSYS.O) said on Thursday that it had received an unsolicited buyout proposal from rival 3D Systems Corp (DDD.N), valuing the industrial 3D printer at about $1.21 billion. Stratasys shares were up 10.1% at $16.04, while 3D Systems was up 2.6% at $8.55 in premarket trading on Friday. 3D Systems has proposed to acquire Stratasys for $7.50 in cash and 1.2507 of its newly issued stock for each share of the target company, which translates to $17.92 on a per-share basis. Stratasys said its board would "carefully review" the newly received non-binding proposal, adding that the Desktop Metal deal is still expected to close in the fourth quarter of this year. 3D Systems on Friday confirmed its bid for Stratasys and said that if the deal goes through, it will bring $100 million in cost synergies.

Persons: Stratasys, Jaiveer Singh, Shilpi Majumdar, Anil D'Silva, Shounak Organizations: Stratasys, 3D Systems Corp, Systems, Metal Inc, Thomson Locations: Rehovot, Israel, Bengaluru

☆ Japan's Kitano says he held back in bloody samurai film 'Kubi'
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

CANNES, May 26 (Reuters) - Japanese director Takeshi Kitano said that he held back in showing too much blood and gore in "Kubi", his new ultraviolent samurai film that features beheadings faster than can be counted. Kitano said that the violence reflected how battles were fought at the time and that the film actually held back. "The way they fought ... it's very barbaric, so we tried to limit ourselves from showing too much," said Kitano. The samurai of "Kubi" are, in Kitano's eyes, not so different from the yakuza crime syndicate members portrayed in his previous film that showed at Cannes, 2010's "The Outrage". The samurai are trying to get to the top of the food chain by being the toughest fighters, "but they are not smart.

☆ Argentine shoemakers and tailors buckle under 109% inflation
▼ + stars: | 2023-05-17 | by ( Horacio Soria | ) www.reuters.com time to read: +3 min

Argentina is battling one of the highest inflation rates in the world, with prices growing faster at any time since 1991, raising the specter of hyperinflation and full-blown economic crisis. What it meant for small businesses like his, he said, was supplier prices changing almost daily. The clothing and footwear sector experienced the highest monthly inflation of all categories in April at 10.8%, data from statistics agency INDEC show. In a clothing market in the capital, traders pointed to higher import prices, given volatile exchange rates. "I never used to fix clothes, but people fix clothes now because they cannot afford to buy them."

☆ Video shows passengers in driverless car reacting to police officer gesturing to pull over: 'We're sorry, this car won't let us move!'
▼ + stars: | 2023-04-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A video of a driverless car reacting to a police officer generated nearly 14 million views on TikTok. A video of a driverless car reacting to a police officer is going viral on TikTok. In the TikTok video, which has generated nearly 14 million views, a police officer can be seen attempting to guide a driverless Waymo car to the side of the road. "It knew how to respond and essentially try to avoid the parade," Romano said. Romano said the police officer was not upset with him as it was very obvious the car was driverless.

☆ A mother reportedly got a scam call saying her daughter had been kidnapped and she'd have to pay a ransom. The 'kidnapper' cloned the daughter's voice using AI.
▼ + stars: | 2023-04-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A scammer reportedly used AI to clone a girl's voice in an attempt to get money from her mother. When she answered it, she could hear her 15-year-old daughter crying and saying things like, "mom, I messed up." DeStefano said that a man's voice then came on the line, telling her daughter to put her head back and lie down. "Listen here, I've got your daughter," the scammer reportedly said, according to DeStefano's account of the call. The voice "100%" belonged to her daughter, she told the local news site.

☆ Goldman Sachs reshuffles equities unit executives after top trader Montesano's exit
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - Goldman Sachs Group Inc (GS.N) on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month, according to a memo seen by Reuters. Cyril Goddeeris will continue to lead global equity financing, which includes his responsibilities as co-head of global prime services and head of global securities lending and synthetic trading. Dimitrios Nikolakopoulos will lead global equity structured products. Dmitri Potishko and Erdit Hoxha will be co-heads of global flow derivatives and emerging markets trading. Travis Chmelka, who joined the firm in 2004 and was named managing director in 2013 and partner in 2020, will head Americas Flow Derivatives.

☆ Some people living near Colombian volcano loathe to evacuate
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

[1/4] The Arenas crater is seen after the authorities declared an orange alert at the Nevado del Ruiz volcano and asked the population for a preventive evacuation in Herveo, Colombia April 5, 2023. REUTERS/Andres Camilo ValenciaBOGOTA, April 6 (Reuters) - Colombia's government is trying to speed up the evacuation of some 2,500 families living closest to the Nevado del Ruiz volcano, which is being monitored for a possible eruption, but some residents are refusing to leave. The volcano's eruption in 1985 killed more than 25,000 people in Colombia's biggest-ever natural disaster, with avalanches of earth and rock fragments burying entire settlements. "It doesn't scare me because it already exploded," said Evelio Ortiz, a potato farmer who survived the 1985 eruption with his wife and five children. The Nevado del Ruiz is a stratovolcano or composite volcano.

☆ Some people living near Colombian volcano are loath to evacuate
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

☆ Stratasys rejects Nano Dimension's $1.1 bln offer for remaining stake
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

March 22 (Reuters) - Stratasys Ltd (SSYS.O) said on Wednesday its board had rejected smaller peer Nano Dimension Ltd's (2N5By.F) $1.1 billion offer to acquire the stake it does not already own in the Israeli 3D printer maker. Following a review, the board concluded that Nano's proposal substantially undervalued the company, Stratasys said. Nano Dimension currently owns about 14.5% of Stratasys's outstanding shares and is the largest shareholder in the company founded over 30 years ago. The company had disclosed a 12.12% stake in July last year, shortly after which Stratasys adopted a limited shareholder rights plan or "poison pill". Reporting by Kannaki Deka in Bengaluru; Editing by Savio D'Souza and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Gen Z Investing in Real Estate, Buying Homes Early, Learning From Millennials' Mistakes
▼ + stars: | 2023-03-21 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Unlike millennials before them, Gen Zers have grown up during a boom in home prices. In a 2020 survey by Gen Z Planet, a research and advisory firm, 87% of Gen Z respondents said they wanted to own a home in the future, while just 63% of millennial respondents said the same. The survey suggested that 68% of Gen Zers viewed homeownership as a way to build wealth, compared with 60% of millennials. But the ranks of Gen Z homeowners will almost certainly grow in the coming years as they scale corporate ladders and amass savings. All this new technology and information is fueling the real-estate-mogul dreams of ambitious Gen Z investors.

☆ More pain for the crypto industry means a chance for startups to pivot
▼ + stars: | 2023-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

After an awful 2022 that saw one of the industry's high-profile figures implode, the crypto market is looking for a bounceback. McDermott laid out to Insider's Bianca Chan and Dakin Campbell how tough times for crypto startups mean more realistic valuations and, in some cases, a reevaluation of the business model. Once of the most common critiques I hear about crypto is "It's a solution looking for a problem." The most recent crypto winter could force startups to be a bit more pragmatic about the specific problem they are looking to address. "If you can solve fraud in crypto, you can solve fraud in basically any part of finance," Meier told Insider.

☆ Kroger is the latest retailer to spend big on employee wages as the job market tightens
▼ + stars: | 2023-03-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Kroger is latest retailer to say it will spend more this year on worker wages as companies fight to keep employees in a tight labor market. The grocery chain will spend $770 million more on employee pay and benefits in 2023, it said after reporting earnings on Thursday. Kroger operates stores under 19 different names, including Ralph's in Southern California and Mariano's in Chicago. The Ohio-based grocer follows companies like Home Depot and Walmart in committing to raise wages this year. Walmart said in January that it would increase its minimum wage to $14 from the previous $12-an-hour rate.

☆ As the 4-day workweek gains traction, Congressman Mark Takano is reintroducing his proposal to make it law
▼ + stars: | 2023-03-01 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Takano is reintroducing his act to make the standard workweek just 32 hours long. Takano has reintroduced his 32 Hour Workweek Act, which would tweak the Fair Labor Standards Act (FLSA) to make the standard workweek 32 hours, instead of the 40 it's currently at. It's not the first time that Takano has pushed to make the working week shorter. "So a four-day work week is something that connects a lot of Americans." Last month, Maryland lawmakers introduced the Four-Day Workweek Act of 2023, which would reduce an employee's workweek to 32 hours without cutting their pay while giving employers a tax credit.

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