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President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules.
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By Sha Hua HONG KONG The delivery man doused himself in gasoline and set himself on fire. Engulfed in flames, he protested for what he said were unpaid fees from a business tied to Chinese technology giant Alibaba Group Holding Ltd. I want my blood- and sweat-money back, said the man, Liu Jin, covered in ash, as police officers tried to rush him to the hospital on Monday, a widely shared video posted on social media showed. The 48-year-old Mr. Liu, who survived but suffered severe burns, is one of the millions of workers in China s tech sector whose plight has ignited online denunciations of the country s internet giants by internet users and state media. The outcry shines a spotlight on the grueling working conditions and hard-edge labor practices that many blue- and white-collar workers face as the internet companies they work for battle over users.