Inside Airbnb, Employees Eager for Big Payouts Pushed It to Go Public

Inside Airbnb, Employees Eager for Big Payouts Pushed It to Go Public

SAN FRANCISCO — Last summer, several Airbnb employees wrote a letter to the online room-rental start-up’s founders.On behalf of more than a dozen employees, they pleaded to be able to sell their Airbnb stock options. Because Airbnb is privately held, its shares cannot be easily traded or cashed in. So …

G.M. Walkout Begins to Pinch Suppliers and Canada Plants

G.M. Walkout Begins to Pinch Suppliers and Canada Plants

The strike that has shut down General Motors plants in the United States since Monday is starting to ripple through the automaker’s supply chain, causing layoffs and production stoppages by parts makers and components manufacturers across the Midwest.“My whole plant is shut off,” said Robert Jacobson, chairman of United Auto …

Graduate Students, After Gains in Union Efforts, Face a Federal Setback

Graduate Students, After Gains in Union Efforts, Face a Federal Setback

It’s not clear how the N.L.R.B.’s proposed rule will affect universities where bargaining is underway. Mr. Swain said Harvard was reviewing the proposed rule to assess its implications. But the regulation could give universities the upper hand in negotiations.“This could be an additional reason that they could articulate or rely …

Uber and Lyft Drivers Gain Labor Clout, With Help From an App

Uber and Lyft Drivers Gain Labor Clout, With Help From an App

When California lawmakers passed a worker-protection bill essentially requiring Uber and Lyft to treat drivers as employees, it was thanks in part to a little-known group called Rideshare Drivers United.Uber and Lyft had hoped for a deal with organized labor exempting them from the measure, and the Teamsters and the …

Trump and California See Same Homeless Problem, but Not the Same Solutions

Trump and California See Same Homeless Problem, but Not the Same Solutions

SAN FRANCISCO — Open-air heroin use. Sidewalks smeared in human feces. Blocklong homeless camps and people with severe mental illnesses wading through traffic in socks and hospital clothes.You would be forgiven if you thought that those descriptions of California’s urban ills came from the mouth of the state’s biggest detractor, …

U.S. Outlines Plans to Scrutinize Chinese and Other Foreign Investment

U.S. Outlines Plans to Scrutinize Chinese and Other Foreign Investment

WASHINGTON — The Trump administration proposed new rules on Tuesday that would allow the United States to exert greater control over foreign investment by broadening the government’s authority to block technology and real estate transactions.The regulations, released by the Treasury Department, would add teeth to a 2018 law, the Foreign …

Fed Cuts Interest Rates by Another Quarter Point

Fed Cuts Interest Rates by Another Quarter Point

WASHINGTON — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy shows additional signs of weakening.For now, a growing number of Fed officials expect just …