Supreme Court Deliberates On Starbucks’ Dispute With Labor Board: REPORT
The Supreme Court began deliberating on Starbucks’ conflict with a federal labor board Tuesday, multiple outlets reported. The Supreme Court took up a case focusing on Starbucks’ challenge to the National Labor Relations Board’s (NLRB) authority to reinstate seven workers fired for trying to unionize, according to The Washington Post. During the Supreme Court’s initial […]
The Oil And Gas Industry Might Be What’s Keeping Biden’s Economy Humming On Paper Despite ‘Regulatory Assault’
Oil and gas production is stubbornly hanging on as a key source of economic growth amid a “regulatory assault” from the Biden administration that seeks to wean the U.S. off of fossil fuels, experts told the Daily Caller News Foundation. Real U.S. gross domestic product (GDP) grew 2.5% in 2023, with the states experiencing the […]
Biden Admin Resurrects Failed Obama-Era Policy To Increase Overtime Pay Eligibility
The Biden administration finalized a new rule on Monday that increases the overtime pay threshold for salary workers, despite a similar rule being struck down by a federal judge during the Obama administration. Starting on July 1, 2024, the Department of Labor (DOL) is increasing its annual salary threshold for those eligible to receive time-and-a-half […]
Biden Regulator Passes Rule With Massive Implications For Millions Of Workers
The Federal Trade Commission (FTC) issued a final rule Tuesday banning noncompete agreements nationwide, affecting millions of Americans. Regulators argue that banning noncompetes will promote competition by giving workers greater ability to switch jobs, increasing innovation and leading to more businesses being created, according to an announcement from the FTC. The FTC estimates that around […]
Biden Admin Weighs California’s Latest Green Gambit That Could Set Off Chain Reaction Of Economic Pain
The Biden administration could allow California to implement a rule designed to push green locomotives, but a growing list of stakeholders are warning that the regulation would severely impact the state’s economy and the national rail industry. The Environmental Protection Agency (EPA) could soon determine whether it will allow the California Air Resources Board (CARB) […]
Stock market ‘correction’ isn’t over yet, JPMorgan warns
Former Gartman Letter editor Dennis Gartman and Rebecca Walser, president of Walther Wealth Management, assess the impact of the Israeli war on the U.S. market and discuss earnings and products in “Morning with Mary” . The recent economic downturn is us stock market JPMorgan strategists say this is likely the beginning of another decline. Marko […]
Biden Regulators Take Aim At Yet Another Multi-Billion Dollar Deal In Antitrust Crackdown
The Federal Trade Commission (FTC) on Monday sued to stop another multi-billion dollar merger on anticompetitive grounds, this time between fashion giants Tapestry, Inc. and Capri Holdings Limited. Tapestry, owner of brands Coach and Kate Spade, sought to acquire Capri, owner of brands Michael Kors and Versace, in a $8.5 billion deal first announced in […]
Tesla’s day of reckoning as first-quarter earnings set to be released
Jeff Sica of Circle Squared Alternative Investments weighs in on Big Tech’s earnings and talks about Barney & Company’s Tesla stock. Tesla is scheduled to report first-quarter results after the market closes on Tuesday, but the electric vehicle (EV) maker faces liquidation from investors following a massive sales mishap. The company’s vehicle deliveries in the […]
Western Financial Firms Slash Operations In China As Concerns About Country’s Lagging Economy Grow
Western financial firms are cutting their operations in China as the country’s economy fails to show significant signs of improvement, weighing on companies’ profits, Reuters reported Monday. Fidelity International Ltd., Morgan Stanley and Legal & General are among the financial firms that have either suspended plans for expansion or cut jobs focused on the region […]
Retail Clothing Giant Files For Bankruptcy, Will Close More Than 100 Stores
Express Inc., a fashion retailer, filed for Chapter 11 bankruptcy Monday in a Delaware court and announced its plans to close over 100 stores, Reuters reported. The business was once a rival to other major fashion retailers like Zara and H&M, ABC News reported. (RELATED: Major Retailer Files For Bankruptcy As Americans Cut Back On […]