In a shocking turn of events, political operatives connected to Rep. Henry Cuellar, D-Texas, have agreed to plead guilty and cooperate with the Justice Department’s bribery case against Cuellar. The court documents unsealed this week reveal that Mina Colin Strother, Cuellar’s former campaign manager and chief of staff, along with Florencio “Lencho” Rendon, a Texas
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Tesla’s alleged efforts to prevent unionization among its workers in Buffalo, New York have come under fire. The National Labor Relations Board filed a complaint accusing Tesla of creating an acceptable use policy for workplace technology that effectively discouraged employees from organizing or engaging in concerted activities to form a union. The policy in question
Stocks that have been spun off from larger corporate parents have been shining brightly in the investment world this year. With a total of 15 companies completing spinoffs in 2024, including the notable General Electric aviation and energy split, investors have seen impressive returns. One standout example is the rally of over 23% in shares
The dream of home ownership seems to be drifting further away for renters, as per a recent survey conducted by the New York Federal Reserve. The study reveals a bleak picture, with only 13.4% of renters expressing hopes of one day owning a home. This percentage is significantly lower than the 20.8% high recorded in
Warren Buffett, the legendary investor and founder of Berkshire Hathaway, recently addressed shareholders about the future leadership of the conglomerate. With the passing of his close friend and business partner Charlie Munger, there has been increased speculation about who will take the reins once Buffett is no longer able to lead the company. At 94
Efforts to regulate productivity quotas in warehouse settings are gaining momentum, with Democratic Senator Ed Markey introducing new legislation to address the issue. The Warehouse Worker Protection Act seeks to increase transparency and accountability among employers to protect workers from unsafe working conditions. The use of productivity quotas by companies like Amazon has raised concerns
In the world of finance, the decisions made by the Federal Reserve hold significant weight and can have far-reaching implications. One such decision that has been speculated upon is the potential for a rate cut by the Federal Reserve in order to assist the U.S. government in covering interest payments on the national debt. This
The trend of prioritizing growth over profit has been a common theme for Amazon investors for the majority of the company’s existence. However, the tide seems to be turning as the company reported a significant milestone in its first-quarter earnings report. With Amazon’s operating margin reaching double digits for the first time on record, it
As the debate around environmentally conscious investments intensifies, Norway’s $1.6 trillion sovereign wealth fund is standing firm in its commitment to advocate for investments based on environmental, social, and governance (ESG) factors. This comes at a time when such investments have become a politically polarized issue, with Republican lawmakers criticizing ESG as a form of
The tech industry, once considered the epitome of growth and opportunity, is now facing a wave of layoffs that is unprecedented in scale. Despite the soaring earnings of tech giants like Alphabet and Microsoft, more than 263,000 jobs were lost in the tech sector in 2023 alone, according to Layoffs.fyi. The trend has continued in