2 days ago
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Ted Benna, the retirement consultant widely credited with helping create the modern 401(k), now believes the retirement plan has fallen short for many lower-income workers.
Benna, now 84, believes many middle- and lower-income workers cannot afford to contribute to a 401(k), even when their employers offer one, in an interview with Bloomberg published on Tuesday.
"The 401(k) isn't working really well now for many middle- and lower-income employees," Benna told Bloomberg, adding that "many of them can't afford to have money taken out of their paycheck even if they have the opportunity to do so."
Don't Miss:
#lower #income #believes #afford
Ted Benna, the retirement consultant widely credited with helping create the modern 401(k), now believes the retirement plan has fallen short for many lower-income workers.
Benna, now 84, believes many middle- and lower-income workers cannot afford to contribute to a 401(k), even when their employers offer one, in an interview with Bloomberg published on Tuesday.
"The 401(k) isn't working really well now for many middle- and lower-income employees," Benna told Bloomberg, adding that "many of them can't afford to have money taken out of their paycheck even if they have the opportunity to do so."
Don't Miss:
#lower #income #believes #afford
2 days ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management addressed U.S. SG&A deleveraging by executing a headcount reduction of 700 employees and eliminating approximately $15 million in vendor contracts to align with current sales volumes.
New vehicle margins remained resilient at over $3,300 per unit in the U.S., supported by disciplined pricing despite broader market affordability concerns and high interest rates.
After-sales growth was driven by a strategic shift of underperforming collision center ******* e into higher-margin traditional service capacity and the addition of 130 new technicians.
The U.S. store rebranding initiative reached the 50% completion mark, aiming to consolidate marketing spend under a single brand voice to improve customer retention and acquisition efficiency.
#NVIDIA #Stock #Potential #Invest
Management addressed U.S. SG&A deleveraging by executing a headcount reduction of 700 employees and eliminating approximately $15 million in vendor contracts to align with current sales volumes.
New vehicle margins remained resilient at over $3,300 per unit in the U.S., supported by disciplined pricing despite broader market affordability concerns and high interest rates.
After-sales growth was driven by a strategic shift of underperforming collision center ******* e into higher-margin traditional service capacity and the addition of 130 new technicians.
The U.S. store rebranding initiative reached the 50% completion mark, aiming to consolidate marketing spend under a single brand voice to improve customer retention and acquisition efficiency.
#NVIDIA #Stock #Potential #Invest
2 days ago
For two years, BMW was the German automaker that seemed to have figured it out.
While Volkswagen was announcing 35,000 job cuts and Mercedes-Benz was launching its own redundancy program, BMW kept its head down and its numbers relatively clean.
It held onto combustion engine options when rivals were abandoning them. It avoided the kind of expensive strategy reversals that cost peers billions. Its electric sales were growing without the margin collapse that hit everyone else.
On July 29, CEO Milan Nedeljkovic and works council chairman Martin Kimmich stood in front of employees at a company-wide **** embly and delivered news that ended that narrative.
"The rules dictating the industry have substantially changed, and with it the foundation of BMW's business model," Nedeljkovic told staff.
#nedeljkovic #volkswagen #mercedes #Milan
While Volkswagen was announcing 35,000 job cuts and Mercedes-Benz was launching its own redundancy program, BMW kept its head down and its numbers relatively clean.
It held onto combustion engine options when rivals were abandoning them. It avoided the kind of expensive strategy reversals that cost peers billions. Its electric sales were growing without the margin collapse that hit everyone else.
On July 29, CEO Milan Nedeljkovic and works council chairman Martin Kimmich stood in front of employees at a company-wide **** embly and delivered news that ended that narrative.
"The rules dictating the industry have substantially changed, and with it the foundation of BMW's business model," Nedeljkovic told staff.
#nedeljkovic #volkswagen #mercedes #Milan
2 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Rio Grande LNG Phase 1 construction is tracking ahead of schedule, with Train 1 first LNG production now expected in the first half of 2027.
The company is transitioning from a development-stage entity to an operating company, evidenced by the secondment of over 100 operational employees to Bechtel.
Management attributes the accelerated timeline to Bechtel's construction efficiency, with Trains 1 and 2 reaching 74% completion as of June 2026.
The Iran conflict has fundamentally altered the global LNG supply outlook, removing approximately 7 million tons per month from the market due to the closure of the Strait of Hormuz.
#company #grande #phase
Rio Grande LNG Phase 1 construction is tracking ahead of schedule, with Train 1 first LNG production now expected in the first half of 2027.
The company is transitioning from a development-stage entity to an operating company, evidenced by the secondment of over 100 operational employees to Bechtel.
Management attributes the accelerated timeline to Bechtel's construction efficiency, with Trains 1 and 2 reaching 74% completion as of June 2026.
The Iran conflict has fundamentally altered the global LNG supply outlook, removing approximately 7 million tons per month from the market due to the closure of the Strait of Hormuz.
#company #grande #phase
2 days ago
By Nora Eckert
DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to 10 years, even though the country has erected numerous trade barriers to cars from China, according to three people who viewed the meeting.
Farley has been among the most vocal about how competitive Chinese auto giants like BYD are in the industry. Ford is preparing to roll out a family of affordable electric vehicles that it engineered from the ground up to match the cost and efficiency of the Chinese companies.
The Ford chief, along with other senior leaders, said in a question-and-answer portion of the town hall that it is more likely Chinese companies would enter the market at the latter end of that range. The comments come as the U.S. Senate is pushing to expand a ban on Chinese car sales in the world's second-largest and most lucrative auto market.
A Ford spokesperson declined to comment on discussions that took place during a private meeting with employees.
#employees #town #enter
DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to 10 years, even though the country has erected numerous trade barriers to cars from China, according to three people who viewed the meeting.
Farley has been among the most vocal about how competitive Chinese auto giants like BYD are in the industry. Ford is preparing to roll out a family of affordable electric vehicles that it engineered from the ground up to match the cost and efficiency of the Chinese companies.
The Ford chief, along with other senior leaders, said in a question-and-answer portion of the town hall that it is more likely Chinese companies would enter the market at the latter end of that range. The comments come as the U.S. Senate is pushing to expand a ban on Chinese car sales in the world's second-largest and most lucrative auto market.
A Ford spokesperson declined to comment on discussions that took place during a private meeting with employees.
#employees #town #enter
2 days ago
Just about everybody who works in Silicon Valley was sold the same dream: Take a low salary now, accept stock options, and work like a dog for a few years. Then, you can cash out when your unicorn goes public, and you'll retire before you hit age 30.
Well, that dream finally became a reality for a whole lot of ******* eX (SPCX) employees this summer. The company's blockbuster IPO was effectively one of the biggest wealth creation events the tech industry has ever seen. In fact, over 4,000 current and former employees were reportedly turned into overnight millionaires after years' worth of equity compensation suddenly became liquid.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ******* ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#dream #SpaceX
Well, that dream finally became a reality for a whole lot of ******* eX (SPCX) employees this summer. The company's blockbuster IPO was effectively one of the biggest wealth creation events the tech industry has ever seen. In fact, over 4,000 current and former employees were reportedly turned into overnight millionaires after years' worth of equity compensation suddenly became liquid.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ******* ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#dream #SpaceX
2 days ago
The latest turn in the legal fight for recognition of college athletes as employees who can form unions is taking place out west, with members of the Oregon State women's basketball team on Friday filing a petition for union representation with the state's Employment Relations Board.
The development is legally important for at least two reasons.
More from Sportico.com
Banks Are Rushing to Grab College Sports' Newest Ad ******* e
#college #oregon #employment
The development is legally important for at least two reasons.
More from Sportico.com
Banks Are Rushing to Grab College Sports' Newest Ad ******* e
#college #oregon #employment
3 days ago
By Nora Eckert
DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to 10 years, even though the country has erected numerous trade barriers to cars from China, according to three people who viewed the meeting.
Farley has been among the most vocal about how competitive Chinese auto giants like BYD are in the industry. Ford is preparing to roll out a family of affordable electric vehicles that it engineered from the ground up to match the cost and efficiency of the Chinese companies.
The Ford chief, along with other senior leaders, said in a question-and-answer portion of the town hall that it is more likely Chinese companies would enter the market at the latter end of that range. The comments come as the U.S. Senate is pushing to expand a ban on Chinese car sales in the world's second-largest and most lucrative auto market.
A Ford spokesperson declined to comment on discussions that took place during a private meeting with employees.
#chinese #ford #market
DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to 10 years, even though the country has erected numerous trade barriers to cars from China, according to three people who viewed the meeting.
Farley has been among the most vocal about how competitive Chinese auto giants like BYD are in the industry. Ford is preparing to roll out a family of affordable electric vehicles that it engineered from the ground up to match the cost and efficiency of the Chinese companies.
The Ford chief, along with other senior leaders, said in a question-and-answer portion of the town hall that it is more likely Chinese companies would enter the market at the latter end of that range. The comments come as the U.S. Senate is pushing to expand a ban on Chinese car sales in the world's second-largest and most lucrative auto market.
A Ford spokesperson declined to comment on discussions that took place during a private meeting with employees.
#chinese #ford #market
3 days ago
Prairie Farms Dairy is shutting two cheese manufacturing sites in Wisconsin, resulting in the loss of almost 100 jobs.
According to WARN notices filed by the company, production is ceasing at its Shullsburg Creamery and White Hill Cheese facility.
In separate notices sent to the Wisconsin Department of Workforce Development and the mayor of Shullsburg, Prairie Farms said it is "permanently ending operations and laying off all employees" at the two facilities.
At Shullsburg Creamery, the company said the closure affects the entire facility and production staff but the retail cheese store will remain unaffected.
The WARN filing shows 43 roles will be lost at the site, spanning packaging, production and cheese operations.
#production
According to WARN notices filed by the company, production is ceasing at its Shullsburg Creamery and White Hill Cheese facility.
In separate notices sent to the Wisconsin Department of Workforce Development and the mayor of Shullsburg, Prairie Farms said it is "permanently ending operations and laying off all employees" at the two facilities.
At Shullsburg Creamery, the company said the closure affects the entire facility and production staff but the retail cheese store will remain unaffected.
The WARN filing shows 43 roles will be lost at the site, spanning packaging, production and cheese operations.
#production
3 days ago
Insurance industry employees from around the region are competing on the diamond for a good cause Thursday.
Philadelphia Insurance Companies hosted its charity softball tournament at Fairmount Park.
The tournament is the culmination of the league's summer season, which is paired with a fundraising effort.
Proceeds benefit the Philadelphia Children's Alliance, which supports victims of child ****** abuse.
#fairmount #park
Philadelphia Insurance Companies hosted its charity softball tournament at Fairmount Park.
The tournament is the culmination of the league's summer season, which is paired with a fundraising effort.
Proceeds benefit the Philadelphia Children's Alliance, which supports victims of child ****** abuse.
#fairmount #park
3 days ago
CHICAGO — Kyle Whittingham is a tone-setter. At Michigan, he also has to be a stain remover. The 66-year-old former Utah frontman is tasked with ameliorating a program tainted by scandal.
Whittingham was hired by Warde Manuel, an athletic director who's now stepping down at the end of the calendar year after being implicated in an internal investigation "into the circumstances surrounding the conduct" of fired Wolverines football head coach Sherrone Moore. Manuel, according to an FAQ the school put out earlier this month about the investigation and its corresponding culture review, demonstrated "failures to quickly and effectively act on allegations of wrongdoing by Athletic Department employees."
Moore, notably, was arrested by police and fired by Michigan in December for what the university described as an "inappropriate relationship" with a staff member. He faced a collection of charges, including a charge of felony home invasion, although he dodged jail time by reaching a plea deal earlier this year.
The nefarious web extends further, of course, as Moore's two-season stint at the helm began when he officially took over for Jim Harbaugh, who was in charge of the Wolverines when they were marred by their infamous sign-stealing scheme. That ploy resulted in some casting a perverse shadow over the national ******* le Michigan won during the 2023 season. Even before that saga began, Harbaugh got caught up in recruiting violations at Michigan.
For years, Wolverines players have found themselves in a vacuum of controversy and uncertainty. Whittingham, after a 21-season tenure piloting the Utes, yearns to bring stability to Ann Arbor.
#moore #harbaugh #Athletic
Whittingham was hired by Warde Manuel, an athletic director who's now stepping down at the end of the calendar year after being implicated in an internal investigation "into the circumstances surrounding the conduct" of fired Wolverines football head coach Sherrone Moore. Manuel, according to an FAQ the school put out earlier this month about the investigation and its corresponding culture review, demonstrated "failures to quickly and effectively act on allegations of wrongdoing by Athletic Department employees."
Moore, notably, was arrested by police and fired by Michigan in December for what the university described as an "inappropriate relationship" with a staff member. He faced a collection of charges, including a charge of felony home invasion, although he dodged jail time by reaching a plea deal earlier this year.
The nefarious web extends further, of course, as Moore's two-season stint at the helm began when he officially took over for Jim Harbaugh, who was in charge of the Wolverines when they were marred by their infamous sign-stealing scheme. That ploy resulted in some casting a perverse shadow over the national ******* le Michigan won during the 2023 season. Even before that saga began, Harbaugh got caught up in recruiting violations at Michigan.
For years, Wolverines players have found themselves in a vacuum of controversy and uncertainty. Whittingham, after a 21-season tenure piloting the Utes, yearns to bring stability to Ann Arbor.
#moore #harbaugh #Athletic
3 days ago
With a market cap of $294.6 billion, RTX Corporation (RTX) is a global technology and aerospace leader with more than 180,000 employees, dedicated to advancing innovation in aviation, defense, and next-generation technologies. The company develops cutting-edge solutions that enhance global connectivity, strengthen security, and help customers address their most critical challenges.
Shares of the Arlington, Virginia-based company have significantly outperformed the broader market over the past 52 weeks. RTX stock has jumped 40.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16.3%. Moreover, shares of the company are up 19.2% on a YTD basis, compared to SPX's 8.5% rise.
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#company #next
Shares of the Arlington, Virginia-based company have significantly outperformed the broader market over the past 52 weeks. RTX stock has jumped 40.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16.3%. Moreover, shares of the company are up 19.2% on a YTD basis, compared to SPX's 8.5% rise.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
#company #next
3 days ago
North Carolina football opens fall training camp Thursday as the Tar Heels begin preparations for the 2026 season under head coach Bill Belichick.
The start of camp also comes as UNC navigates an off-field issue involving general manager Michael Lombardi. The school announced Monday that
Lombardi had been placed on leave but didn't provide a reason, noting that employees and athletes aren't permitted to address the topic "as is standard procedure with personnel matters."
University leaders said their focus remains on the football program and its student-athletes as an investigation involving the program's general manager continues.
"I'm disappointed that we're talking about this," Chancellor Lee Roberts said. "We should be focusing on our student athletes and on their success on the field ... so it's distressing to me and everyone else in the administration entrusted with leadership at this remarkable university, that this is something that we have to have to spend time on."
#athletes #lombardi #general #manager
The start of camp also comes as UNC navigates an off-field issue involving general manager Michael Lombardi. The school announced Monday that
Lombardi had been placed on leave but didn't provide a reason, noting that employees and athletes aren't permitted to address the topic "as is standard procedure with personnel matters."
University leaders said their focus remains on the football program and its student-athletes as an investigation involving the program's general manager continues.
"I'm disappointed that we're talking about this," Chancellor Lee Roberts said. "We should be focusing on our student athletes and on their success on the field ... so it's distressing to me and everyone else in the administration entrusted with leadership at this remarkable university, that this is something that we have to have to spend time on."
#athletes #lombardi #general #manager
3 days ago
Visa (NYSE:V) reported stronger-than-expected fiscal third-quarter results on Tuesday, with double-digit revenue growth supported by resilient consumer spending and continued strength in cross-border payment activity.
The global payments company posted adjusted earnings of $3.32 per share, exceeding **** ysts' consensus estimate of $3.22. Revenue increased to $11.6 billion, ahead of the expected $11.38 billion.
The results highlighted continued momentum in both consumer and commercial spending, with higher payment volumes, increased cross-border transactions and growth in processed payments helping Visa outperform Wall Street forecasts.
Despite the earnings beat, Visa shares traded modestly lower in pre-market trading on Wednesday as investors **** sed the company's announcement that it plans to reduce its workforce by approximately 2,600 employees, representing around 7% of its global staff.
The job reductions are expected to be concentrated within the company's technology and product teams.
#expected #revenue #Growth
The global payments company posted adjusted earnings of $3.32 per share, exceeding **** ysts' consensus estimate of $3.22. Revenue increased to $11.6 billion, ahead of the expected $11.38 billion.
The results highlighted continued momentum in both consumer and commercial spending, with higher payment volumes, increased cross-border transactions and growth in processed payments helping Visa outperform Wall Street forecasts.
Despite the earnings beat, Visa shares traded modestly lower in pre-market trading on Wednesday as investors **** sed the company's announcement that it plans to reduce its workforce by approximately 2,600 employees, representing around 7% of its global staff.
The job reductions are expected to be concentrated within the company's technology and product teams.
#expected #revenue #Growth
3 days ago
Katie Nolan seems about as excited to call Boomer Esiason a colleague as Frank Isola was when Kenny Beecham joined SiriusXM Radio earlier this year.
Last week, Audacy announced a new partnership to make WFAN and 41 other local radio stations available on SiriusXM, which means Esiason's morning show with co-host Gregg Giannotti will soon be heard on satellite radio in addition to their usual platforms. Esiason and Giannotti will not be broadcasting their show from SiriusXM, and they won't be SiriusXM employees, but the new partnership between Audacy and SiriusXM is enough for Katie Nolan to kinda sorta call them colleagues. For Nolan and her producer Isabella Joson, that's a bad thing.
"You and your arch-nemesis are going to be co-workers," Nolan told Joson. "Of course we're referring to Boomer Esason. Isabella, not a huge fan."
Nolan hosts Casuals on Mad Dog Sports Radio as a lead-in to The Stephen A. Smith Show. And to welcome Esiason to SiriusXM, Nolan played back some of the former NFL MVP's more polarizing takes, pretending HR wanted to make sure Joson would be able to maintain a safe workplace environment with their new colleague.
Nolan began with Esiason calling Chinese-American freestyle skier Eileen Gu "insufferable" after watching her at the Olympics earlier this year. From there, they played Esiason saying "pipe down" and "respect the flag" in response to Olympic athletes speaking out against ICE and the Trump administration. Nolan also went back to late last year, where Esiason reacted to Yankees radio voice Dave Sims cutting a promo for Dude Wipes by suggesting a Vagisil endorsement for Suzyn Waldman.
#radio
Last week, Audacy announced a new partnership to make WFAN and 41 other local radio stations available on SiriusXM, which means Esiason's morning show with co-host Gregg Giannotti will soon be heard on satellite radio in addition to their usual platforms. Esiason and Giannotti will not be broadcasting their show from SiriusXM, and they won't be SiriusXM employees, but the new partnership between Audacy and SiriusXM is enough for Katie Nolan to kinda sorta call them colleagues. For Nolan and her producer Isabella Joson, that's a bad thing.
"You and your arch-nemesis are going to be co-workers," Nolan told Joson. "Of course we're referring to Boomer Esason. Isabella, not a huge fan."
Nolan hosts Casuals on Mad Dog Sports Radio as a lead-in to The Stephen A. Smith Show. And to welcome Esiason to SiriusXM, Nolan played back some of the former NFL MVP's more polarizing takes, pretending HR wanted to make sure Joson would be able to maintain a safe workplace environment with their new colleague.
Nolan began with Esiason calling Chinese-American freestyle skier Eileen Gu "insufferable" after watching her at the Olympics earlier this year. From there, they played Esiason saying "pipe down" and "respect the flag" in response to Olympic athletes speaking out against ICE and the Trump administration. Nolan also went back to late last year, where Esiason reacted to Yankees radio voice Dave Sims cutting a promo for Dude Wipes by suggesting a Vagisil endorsement for Suzyn Waldman.
#radio
3 days ago
Anchor Ryan Clark was fired from ESPN during a live broadcast of his NFL Live show.
Recently, anchor Ryan Clark, 46, was fired from ESPN during a live broadcast of his NFL Live show. Many critiqued ESPN's decision to fire Clark mid-show, but the network defended its decision, citing fears that Clark would find out the news through the grapevine. In an episode of The Pivot Podcast post-firing, Clark claims he adjusted who he was to keep his job at ESPN, specifically stating that he felt he couldn't be "too Black."
ESPN declined an official comment regarding these claims, directing Forbes to a memo Chairman Jimmy Pitaro sent to employees on July 21 that stated the following: "Over the past several months, we've made significant progress integrating the NFL ***** ets that we acquired into ESPN. Throughout this process, we have taken the time to carefully evaluate our collective teams, resources and organizational structure to best position us for the future. As a result, we had to make some difficult decisions about job impacts that we will be communicating today. While most of the job impacts are tied to the acquisition, we will also notify colleagues in other parts of the company today that their positions have been impacted. We are committed to treating employees with compassion and respect and to providing support as they navigate this transition. Even in moments like these, the strength of ESPN comes from our people, our teamwork and our shared mission to serve sports fans."
In 2019, actor Gabrielle Union, who was a judge on the TV show America's Got Talent was told her hair was "too Black."
Clark is not unique in his experiences. Workplaces that make Black employees feel like they must tone down their Blackness are a persistent experience across different fields and industries. In 2019, it was reported that actor Gabrielle Union, who was a judge on the TV show America's Got Talent: The Champions, was told her hair was "too Black." That same year, actor Reagan Gomez-Preston alleged in a series of tweets that while filming for That 70s Show, she had to tone down her Blackness and was humiliated by a white male director who critiqued every scene, making remarks asking her for "less sass."
#espn #show #ryan
Recently, anchor Ryan Clark, 46, was fired from ESPN during a live broadcast of his NFL Live show. Many critiqued ESPN's decision to fire Clark mid-show, but the network defended its decision, citing fears that Clark would find out the news through the grapevine. In an episode of The Pivot Podcast post-firing, Clark claims he adjusted who he was to keep his job at ESPN, specifically stating that he felt he couldn't be "too Black."
ESPN declined an official comment regarding these claims, directing Forbes to a memo Chairman Jimmy Pitaro sent to employees on July 21 that stated the following: "Over the past several months, we've made significant progress integrating the NFL ***** ets that we acquired into ESPN. Throughout this process, we have taken the time to carefully evaluate our collective teams, resources and organizational structure to best position us for the future. As a result, we had to make some difficult decisions about job impacts that we will be communicating today. While most of the job impacts are tied to the acquisition, we will also notify colleagues in other parts of the company today that their positions have been impacted. We are committed to treating employees with compassion and respect and to providing support as they navigate this transition. Even in moments like these, the strength of ESPN comes from our people, our teamwork and our shared mission to serve sports fans."
In 2019, actor Gabrielle Union, who was a judge on the TV show America's Got Talent was told her hair was "too Black."
Clark is not unique in his experiences. Workplaces that make Black employees feel like they must tone down their Blackness are a persistent experience across different fields and industries. In 2019, it was reported that actor Gabrielle Union, who was a judge on the TV show America's Got Talent: The Champions, was told her hair was "too Black." That same year, actor Reagan Gomez-Preston alleged in a series of tweets that while filming for That 70s Show, she had to tone down her Blackness and was humiliated by a white male director who critiqued every scene, making remarks asking her for "less sass."
#espn #show #ryan
3 days ago
Howard Stern walked out of court with a smile, the law on his side.
The popular host has been in a legal battle with his former ***** istant, who was suing for $2.5 million with scathing accusations against him and his wife, Beth Stern. The disgruntled employee claimed that the power couple fostered a hostile work environment.
Howard Stern has been in the headlines previously after being called out by former employees who claimed they were underpaid and fired after requesting a raise.
HRC/ WENN.com/ MEGA
Stern has one less lawsuit to worry about after scoring a major win in court. The judge tossed his ex-assistant's entire lawsuit and ruled that the NDA at the center of their legal battle is to be upheld.
#claimed #beth
The popular host has been in a legal battle with his former ***** istant, who was suing for $2.5 million with scathing accusations against him and his wife, Beth Stern. The disgruntled employee claimed that the power couple fostered a hostile work environment.
Howard Stern has been in the headlines previously after being called out by former employees who claimed they were underpaid and fired after requesting a raise.
HRC/ WENN.com/ MEGA
Stern has one less lawsuit to worry about after scoring a major win in court. The judge tossed his ex-assistant's entire lawsuit and ruled that the NDA at the center of their legal battle is to be upheld.
#claimed #beth
4 days ago
WASHINGTON (AP) — President Donald Trump and the Justice Department are asking the Supreme Court to toss an $83 million defamation verdict won by writer E. Jean Carroll after she accused him of ****** ual ****** ault, saying he can't be sued for comments he made while he was president.
It's the second time Trump has asked the justices to nix damages awarded by a jury to Carroll, a longtime advice columnist and former TV talk show host. The Supreme Court refused in June to hear his appeal of another verdict, for $5 million, that found him liable for ****** ual abuse and defamation.
The latest case centers on comments Trump made during his first term as president. The Justice Department wants to invoke the Westfall Act, which shields government employees from being sued for doing their jobs.
"Absent this Court's intervention, the sitting President is facing nearly a hundred million dollars of personal liability for conduct that was well within the scope of his federal office," federal attorneys wrote. "That alone deserves this Court's attention."
The documents were reviewed Wednesday by The ****** ociated Press and expected to be formally docketed with the court shortly.
#Trump #justice #supreme #carroll
It's the second time Trump has asked the justices to nix damages awarded by a jury to Carroll, a longtime advice columnist and former TV talk show host. The Supreme Court refused in June to hear his appeal of another verdict, for $5 million, that found him liable for ****** ual abuse and defamation.
The latest case centers on comments Trump made during his first term as president. The Justice Department wants to invoke the Westfall Act, which shields government employees from being sued for doing their jobs.
"Absent this Court's intervention, the sitting President is facing nearly a hundred million dollars of personal liability for conduct that was well within the scope of his federal office," federal attorneys wrote. "That alone deserves this Court's attention."
The documents were reviewed Wednesday by The ****** ociated Press and expected to be formally docketed with the court shortly.
#Trump #justice #supreme #carroll
4 days ago
By Nate Raymond
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple ****** roaches, fly larvae and a ****** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#couple
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple ****** roaches, fly larvae and a ****** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#couple
4 days ago
By Nate Raymond
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple **** roaches, fly larvae and a **** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#million #couple #stalking
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple **** roaches, fly larvae and a **** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#million #couple #stalking
4 days ago
Boeing (BA) reported second quarter results on Tuesday that beat revenue and cash flow expectations, as rising jet deliveries pushed the planemaker to positive free cash flow, continuing CEO Kelly Ortberg's turnaround progress.
Boeing reported Q2 revenue of $24.6 billion, up 8% year over year and above the $24.26 billion consensus estimate from Bloomberg. However, Boeing's adjusted (or core) loss per share came in at $0.76, wider than the $0.28 loss expected.
But Boeing posted positive adjusted free cash flow of $631 million versus the negative $331.4 million that ****** ysts expected and the negative $200 million cash flow burn from a year ago. Operating cash flow came in at $1.4 billion, nearly double the $687.7 million consensus and up from just $227 million in the prior-year quarter. The company cited higher commercial deliveries and favorable working capital timing.
Boeing stock was up nearly 2% in early trade.
"While two quarters don't make a year, if we work together and stay focused on safety, quality and on-time performance — we'll improve our competitiveness and set ourselves up for a big second half," Ortberg said in a memo to employees.
#boeing #cash #second #revenue
Boeing reported Q2 revenue of $24.6 billion, up 8% year over year and above the $24.26 billion consensus estimate from Bloomberg. However, Boeing's adjusted (or core) loss per share came in at $0.76, wider than the $0.28 loss expected.
But Boeing posted positive adjusted free cash flow of $631 million versus the negative $331.4 million that ****** ysts expected and the negative $200 million cash flow burn from a year ago. Operating cash flow came in at $1.4 billion, nearly double the $687.7 million consensus and up from just $227 million in the prior-year quarter. The company cited higher commercial deliveries and favorable working capital timing.
Boeing stock was up nearly 2% in early trade.
"While two quarters don't make a year, if we work together and stay focused on safety, quality and on-time performance — we'll improve our competitiveness and set ourselves up for a big second half," Ortberg said in a memo to employees.
#boeing #cash #second #revenue
4 days ago
MADISON, Wis. (AP) — A Wisconsin appeals court on Wednesday restored a 2011 anti-union law that abolished collective bargaining rights, in a setback for unions and public workers. Unions are expected to appeal, sending the case to the Wisconsin Supreme Court, which is controlled by liberal justices.
The 2024 ruling striking down the law as unconstitutional had been on hold pending appeal, so Wednesday's reversal does not change the status quo. The law remains in effect, as it has been the past 15 years, as the legal fight continues.
Enactment of a 2011 anti-union state law, championed by Republicans, sparked weeks of protests and made Wisconsin the center of a national battle over union rights.
That law, known as Act 10, effectively ended most public employees′ ability to bargain for wage increases and other issues, and forced them to pay more for health insurance and retirement benefits.
Supporters of the law say it gives local governments more control over workers and the powers needed to cut costs. They argue that repealing the law, which allowed schools and local governments to raise money through higher employee contributions for benefits, would bankrupt those entities.
#union #court #rights #appeal
The 2024 ruling striking down the law as unconstitutional had been on hold pending appeal, so Wednesday's reversal does not change the status quo. The law remains in effect, as it has been the past 15 years, as the legal fight continues.
Enactment of a 2011 anti-union state law, championed by Republicans, sparked weeks of protests and made Wisconsin the center of a national battle over union rights.
That law, known as Act 10, effectively ended most public employees′ ability to bargain for wage increases and other issues, and forced them to pay more for health insurance and retirement benefits.
Supporters of the law say it gives local governments more control over workers and the powers needed to cut costs. They argue that repealing the law, which allowed schools and local governments to raise money through higher employee contributions for benefits, would bankrupt those entities.
#union #court #rights #appeal
5 days ago
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Billionaire Mark Cuban reveals how the nation's wealthiest can send the elevator back down and help Americans at every income level build wealth.
In a recent interview with Sarah McCammon on the "What It Takes" podcast, Cuban shared his views on AI, healthcare, and income inequality in America. The former "Shark Tank" investor, who, according to the Bloomberg Billionaire Index, has a net worth of $10.2 billion, said that one of the best ways to tackle income inequality is to give employees company stock.
"I would like to see it so that every single CEO/founder/entrepreneur does what I did, which was to give equity to every single employee," said Cuban. "Every company I've ever sold, I've given money to every single employee. Every time."
Read more: How much money is considered rich?
#cuban #single
Billionaire Mark Cuban reveals how the nation's wealthiest can send the elevator back down and help Americans at every income level build wealth.
In a recent interview with Sarah McCammon on the "What It Takes" podcast, Cuban shared his views on AI, healthcare, and income inequality in America. The former "Shark Tank" investor, who, according to the Bloomberg Billionaire Index, has a net worth of $10.2 billion, said that one of the best ways to tackle income inequality is to give employees company stock.
"I would like to see it so that every single CEO/founder/entrepreneur does what I did, which was to give equity to every single employee," said Cuban. "Every company I've ever sold, I've given money to every single employee. Every time."
Read more: How much money is considered rich?
#cuban #single
5 days ago
Michigan Wolverines head coach Kyle Whittingham sees only one way for college football to sustain itself as NIL grows every year. The rise in NIL has fueled conference realignment rumors as everyone seeks individual interests over conference priorities.
In his conversation with ESPN's Rich Eisen on Monday, Whittingham suggested converting college football into a minor league addition to the NFL. This was the Wolverines head coach's response when asked how he would improve the current state of college football, where money disparity has become a major issue:
"I think it's got to be a NFL minor league model where we have a salary cap and the players are employees," Whittingham said. "I think, as distasteful as some of that is, I don't think there's any other way that's better than that. And, right now, it's out of control. We're going to have probably a dozen teams in the next recruiting cycle with $50 million rosters."
With the Big Ten and SEC hosting some of the best teams in college football over the past decade, Whittingham was fueling a "super conference" as an alternative to the current system.
"And there's such a disparity between the haves and the have-nots, I think the only way to get that evened out and level the playing field is to go ahead and pattern it after a minor league NFL model or 'super league' if you will. You'll probably see 48-60 teams survive the cut and be on the right side of the line in the sand and proceed forward," the head coach continued.
#whittingham #Football
In his conversation with ESPN's Rich Eisen on Monday, Whittingham suggested converting college football into a minor league addition to the NFL. This was the Wolverines head coach's response when asked how he would improve the current state of college football, where money disparity has become a major issue:
"I think it's got to be a NFL minor league model where we have a salary cap and the players are employees," Whittingham said. "I think, as distasteful as some of that is, I don't think there's any other way that's better than that. And, right now, it's out of control. We're going to have probably a dozen teams in the next recruiting cycle with $50 million rosters."
With the Big Ten and SEC hosting some of the best teams in college football over the past decade, Whittingham was fueling a "super conference" as an alternative to the current system.
"And there's such a disparity between the haves and the have-nots, I think the only way to get that evened out and level the playing field is to go ahead and pattern it after a minor league NFL model or 'super league' if you will. You'll probably see 48-60 teams survive the cut and be on the right side of the line in the sand and proceed forward," the head coach continued.
#whittingham #Football
5 days ago
The European Commission (EC) has approved Saica Group's acquisition of Thimm Group plants in Germany, Poland, the Czech Republic and Romania.
The deal covers all activities in those four countries, comprising nine corrugated board plants. It also includes one preprint facility in Ilsenburg, Germany.
Saica said the operation will increase its corrugated cardboard production capacity by 1,200 million square metres and add around 2,500 employees.
The acquisition will support its objective of developing local markets and getting closer to customers, it added.
Saica Group president and CEO Susana Alejandro said: "We are very happy to integrate Thimm's team within Saica Group, its knowledge and skills are highly appreciated in the sector. At Saica Group, people makes the difference: they are what drives our organisation. We are convinced they will contribute to Saica's future and its success.
#plants
The deal covers all activities in those four countries, comprising nine corrugated board plants. It also includes one preprint facility in Ilsenburg, Germany.
Saica said the operation will increase its corrugated cardboard production capacity by 1,200 million square metres and add around 2,500 employees.
The acquisition will support its objective of developing local markets and getting closer to customers, it added.
Saica Group president and CEO Susana Alejandro said: "We are very happy to integrate Thimm's team within Saica Group, its knowledge and skills are highly appreciated in the sector. At Saica Group, people makes the difference: they are what drives our organisation. We are convinced they will contribute to Saica's future and its success.
#plants
5 days ago
By Nate Raymond
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple **** roaches, fly larvae and a **** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#million #couple #stalking #several
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple **** roaches, fly larvae and a **** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#million #couple #stalking #several
6 days ago
Celent has released a new report, entitled AI Everywhere for Value. Authored by senior ******* yst Alenka Grealish, the report concludes that the future of banking belongs to those who see AI and other digital capabilities as foundational for meaningful, intelligent engagement for both customers and employees.
Generative AI isn't a distant vision—it's already scaled and working inside US retail banks, powering more productive employees and richer, faster, and more personalised customer journeys.
Celent dives into several case studies that demonstrate real value being delivered among a global set of financial institutions, and we distil our observations into a set of actionable findings. Banks exploring their options for AI investment and business case development will find this flash report highly informative.
Empowering employees with AI capabilities at scale
Extending value levers beyond efficiency/productivity to revenues
Bank case studies that evidence ******* ulative value, and
#value #case #everywhere
Generative AI isn't a distant vision—it's already scaled and working inside US retail banks, powering more productive employees and richer, faster, and more personalised customer journeys.
Celent dives into several case studies that demonstrate real value being delivered among a global set of financial institutions, and we distil our observations into a set of actionable findings. Banks exploring their options for AI investment and business case development will find this flash report highly informative.
Empowering employees with AI capabilities at scale
Extending value levers beyond efficiency/productivity to revenues
Bank case studies that evidence ******* ulative value, and
#value #case #everywhere
9 days ago
Amazon (AMZN) confirmed on July 22 that it has eliminated positions within its Artificial General Intelligence division — the unit responsible for building large-scale AI models, autonomous agents, and tools such as Nova Act.
The company declined to reveal the exact number of employees affected, though workers involved in model customization, post-training, and data services were among those let go.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
The Biggest Risk to **** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
#july #artificial #general #intelligence
The company declined to reveal the exact number of employees affected, though workers involved in model customization, post-training, and data services were among those let go.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
The Biggest Risk to **** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
#july #artificial #general #intelligence
9 days ago
Brasada Capital Management, an investment management company, released its Q2 2026 investor letter. A copy of the letter is available to download here. The market landscape in the past quarter has been significantly influenced by the rapid advancements in artificial intelligence (AI), overshadowing other concerns like geopolitical conflicts. Currently, the AI boom is so substantial that it affects the entire market cycle. Key factors include a 400% increase in memory demand due to AI, a slow supply response that takes years to catch up, and minimal demand destruction. The Fund's investment strategy focuses on essential infrastructure that maintains competitive advantages, rather than chasing speculative momentum. The firm emphasizes secular long-term growth, regardless of which AI technologies prevail. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Brasada Capital Management highlighted Fastenal Company (NASDAQ:FAST). Fastenal Company (NASDAQ:FAST) is a leading industrial and construction supply distributor that offers fasteners, tools, safety equipment, and inventory management solutions. On July 22, 2026, Fastenal Company (NASDAQ:FAST) closed at $45.33 per share, reflecting a market capitalization of $52.02 billion. Fastenal Company (NASDAQ:FAST) posted a one-month return of -3.39%, while its shares lost 5.42% over the past 52 weeks.
Brasada Capital Management stated the following regarding Fastenal Company (NASDAQ:FAST) in its Q2 2026 investor update:
"Fastenal Company (NASDAQ:FAST) distributes a wide array of products including fasteners, tools, safety equipment, and janitorial supplies, but at its core Fastenal is an outsourced procurement and supply chain partner for the industrial sector, helping to seamlessly manage customer inventory. Fastenal embeds itself within its customers' operations through local branches, automated industrial vending machines, FASTBins equipped with RFID technology, and dedicated Onsite locations where full-time Fastenal employees work directly on the customer's manufacturing floor. By handling the complexities of sourcing and replenishment, Fastenal ensures parts are always available, allowing clients to focus on their core competencies without the risk of costly production delays caused by a missing screw.
What makes Fastenal a high-quality business is that their customers have come to depend on them for cheap, mission critical parts – any delay or having the wrong type of fastener in inventory can mean millions of dollars in costs for the manufacturers in the form of slowdowns, shutdowns, poor product quality, or recalls. If you're missing a $0.30 screw on a $10K or $10M machine, you're just not shipping that machine, and if you have too many of those screws laying around, you're likely wasting ***** e and money. As such, Fastenal commands premium pricing power, high returns on capital, and reoccurring revenue. On top of that, Fast
In its Q2 2026 investor letter, Brasada Capital Management highlighted Fastenal Company (NASDAQ:FAST). Fastenal Company (NASDAQ:FAST) is a leading industrial and construction supply distributor that offers fasteners, tools, safety equipment, and inventory management solutions. On July 22, 2026, Fastenal Company (NASDAQ:FAST) closed at $45.33 per share, reflecting a market capitalization of $52.02 billion. Fastenal Company (NASDAQ:FAST) posted a one-month return of -3.39%, while its shares lost 5.42% over the past 52 weeks.
Brasada Capital Management stated the following regarding Fastenal Company (NASDAQ:FAST) in its Q2 2026 investor update:
"Fastenal Company (NASDAQ:FAST) distributes a wide array of products including fasteners, tools, safety equipment, and janitorial supplies, but at its core Fastenal is an outsourced procurement and supply chain partner for the industrial sector, helping to seamlessly manage customer inventory. Fastenal embeds itself within its customers' operations through local branches, automated industrial vending machines, FASTBins equipped with RFID technology, and dedicated Onsite locations where full-time Fastenal employees work directly on the customer's manufacturing floor. By handling the complexities of sourcing and replenishment, Fastenal ensures parts are always available, allowing clients to focus on their core competencies without the risk of costly production delays caused by a missing screw.
What makes Fastenal a high-quality business is that their customers have come to depend on them for cheap, mission critical parts – any delay or having the wrong type of fastener in inventory can mean millions of dollars in costs for the manufacturers in the form of slowdowns, shutdowns, poor product quality, or recalls. If you're missing a $0.30 screw on a $10K or $10M machine, you're just not shipping that machine, and if you have too many of those screws laying around, you're likely wasting ***** e and money. As such, Fastenal commands premium pricing power, high returns on capital, and reoccurring revenue. On top of that, Fast
9 days ago
Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) is expanding its operations in Singapore as it prepares to grow across Asia.
The U.S. exchange plans to increase its workforce in Singapore by one-third to around 200 employees by the end of 2026.
The new hiring will focus on engineering, customer service, relationship management, and institutional sales, said Coinbase in a statement.
More From Cryptoprowl:
SBI Group, DigiFT, and Startale Group Advance Tokenized Capital Markets with JPYSC-Powered Settlement and Onchain Dividend Distribution
#group #asia #cryptoprowl
The U.S. exchange plans to increase its workforce in Singapore by one-third to around 200 employees by the end of 2026.
The new hiring will focus on engineering, customer service, relationship management, and institutional sales, said Coinbase in a statement.
More From Cryptoprowl:
SBI Group, DigiFT, and Startale Group Advance Tokenized Capital Markets with JPYSC-Powered Settlement and Onchain Dividend Distribution
#group #asia #cryptoprowl
