Author archives: The Epoch Times

Elon Musk’s Net Worth Takes $50 Billion Hit in Two Days After CEO Contemplates Selling Off 10 Percent of Company Stock

The automaker’s decline in shares means Musk’s lead over Bezos as the world’s richest person has narrowed to $83 billion, as per Bloomberg.

GE to Split Into 3 Companies Focused on Aviation, Healthcare, Energy

In a Nov. 9 press release, the company said it plans to spin off GE Aviation, GE Healthcare, and the combined GE Renewable Energy, GE Power, and GE Digital into three separate “industry-leading, investment-grade public companies” in order “to realize t…

Hiring Difficulties May Be on Horizon as US Labor Force Participation Rate Remains Unchanged

The labor force participation rate was unchanged at 61.6 percent in October and has remained within narrow range of 61.4 percent to 61.7 percent since June 2020.

West Hollywood City Council Votes to Hike Minimum Wage to $17.64 an Hour Starting Next Year

The rate will first take effect Jan. 1 for hospitality workers and will “create a phased approach for minimum wage increases for large businesses and small businesses with adjustments every six months to create consistency in the minimum wage citywide …

Coinbase Allows Users to Borrow up to $1 Million, Using Bitcoin as Collateral

Coinbase users can borrow as much as 40 percent of the value of the Bitcoin in their account, up to $1,000,000, and can use either their bank account or PayPal to access the cash with no fees.