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  • Politics
    Reuters

    US ban on worker noncompetes faces uphill legal battle

    The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies' power to adopt broad rules. The commission in unveiling the rule on Tuesday said agreements not to join employers' competitors or launch rival businesses suppress workers' wages and stunt their mobility and job opportunities. About 30 million people, or 20% of U.S. workers, have signed noncompetes, the agency said.

  • Business
    Reuters

    Airbus misses on operating profit, raises A350 output goal

    Airbus posted weaker than expected first-quarter operating profit and cashflow after hiring more staff to prepare for rising aircraft demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. Airbus reported 577 million euros in adjusted operating profit, down 25% on the year, revenue of 12.83 billion and a free cash outflow of 1.8 billion euros. Analysts were on average expecting operating profit of 789 million euros and an outflow of 1.3 billion euros, according to a company-compiled survey.

  • Business
    Yahoo Finance Video

    What's driving the economy right now: Stocks in Translation

    The Federal Reserve wants to get inflation down to its 2% target. That's why the central bank is likely to keep interest rates higher for much longer than most had initially expected. With inflation data rolling in hotter-than-expected, some analysts on Wall Street have weighed in thinking the Fed may not have as much of an impact on the market anymore. If that's the case, then which factors have a true impact on the economy? Yahoo Finance Reporter Jared Blikre is joined by Founder & CEO at Exante Data Inc. Jens Nordvig for the latest edition of Stocks In Translation to discuss AI, inflation, health of the US economy, and break down factors that affect the economy. For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino

  • News
    The Canadian Press

    Nova Scotia elver fisher says early signs of improved enforcement of fishery

    HALIFAX — A Nova Scotia commercial fisher says he sees early signs the federal government has increased its enforcement of illegal fishing for baby eels. Stanley King, of Atlantic Elver Fishery, reacted today to recent news that the federal Fisheries Department arrested five people from Maine for illegal fishing in Digby County, N.S. King says the department has “upped their game” this year, but he expects cases of unauthorized fishing to rise as the population of the tiny fish known as elvers i