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☆ Markets broaden as investors sell tech winners, but further turbulence may be on the way
▼ + stars: | 2024-07-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week. .SPX 5D mountain The S & P 500's performance in the past five trading days. The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility. The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high. History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.

Persons: Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald Organizations: Axonic Capital, Deutsche Bank, Nasdaq

CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.

Persons: ”, Kent Barnett, —, Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, “, Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, “, Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles

☆ Forecast: Very hot. What your employer should be doing to protect you on high-heat days
▼ + stars: | 2024-06-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Along with stifling days comes the risk of developing dangerous heat-related conditions, such as dehydration, heat stress, heat exhaustion, heat stroke and other hazards. What responsibilities does your employer have to prevent you from suffering a heat-related illness? While some states have specific laws governing occupational heat exposure, there is no heat-specific federal regulation mandating how employers must prevent heat illness in the workplace. They recommend companies:Have a heat illness prevention plan. Monitor workers for signs and symptoms of heat illness.

Persons: ”, Jason Krasno, “, they’ve, Alka Ramchandani, Raj Organizations: New, New York CNN, Safety, Health Administration, OSHA, National Institute for Occupational Safety, Health Locations: New York, North America, Montpelier , Vermont, Syracuse , New York, Pittsburgh, Krasno, OSH

☆ FTC is sued by business groups over its ban on noncompete agreements, which may delay enforcement
▼ + stars: | 2024-04-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

Another lawsuit was filed in federal court in the Northern District of Texas by business tax services firm Ryan. “The FTC contends that by using regulation they can simply declare common business practices to be ‘unfair methods of competition’ and thus illegal. “If the FTC can regulate noncompete agreements, then they can decide to regulate or even ban any other business practice. Long delays may be on tap before the rule takes effectThe FTC rule isn’t set to go into effect until 120 days from the day it is published in the Federal Register. In the near term, “I’m generally telling clients to take a wait-and-see approach with respect to the FTC rule while court challenges play out in the next few weeks,” Turinsky said.

Persons: Ryan, ”, Daniel Turinsky, DLA Piper, Lina Khan, Jake Tapper ”, isn’t, —, ” Turinsky, James Witz, ” Witz Organizations: New, New York CNN, Federal Trade Commission, US Chamber of Commerce, Business, Eastern District of Texas, Northern District of, US Chamber, FTC, Chamber, Longview Chamber, Commerce, Federal Locations: New York, United States, Eastern District, Northern District, Northern District of Texas, Longview, Longview , Texas, Texas, Littler

☆ Tesla erases references to DEI from its new 10-K following Elon Musk’s criticisms
▼ + stars: | 2024-02-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla CEO Elon Musk has a new social media target: Diversity, Equity and Inclusion. Following Musk’s recent critical posts about DEI policies and racial discrimination lawsuits against Tesla, the electric car company has omitted all language regarding minority workers and outreach to minority communities in its 10-K filing with the SEC made January 29. In Musk’s eyes, DEI is “just as morally wrong as any other racism and sexism,” he tweeted in December. And as recently as 2020, Tesla had been publishing its own corporate DEI reports, reaffirming its commitment to the mission. CNN has reached out to Tesla for comment, though the company does not usually respond to press requests.

Persons: Elon Musk, Tesla, ”, It’s, George Floyd’s, Harvard’s, Claudine Gay, Gonzalo Fuentes, Bill Ackman, Musk, ” Musk, Owen Diaz, Mark Cuban, “, Catherine Thorbecke, Nicquel Terry Ellis Organizations: New, New York CNN, Equity, SEC, Bloomberg, Tesla, Black Colleges, Universities, ”, Asian Pacific Islanders, Minneapolis, CNN, SpaceX, Twitter, Viva Technology, Reuters Billionaire, Harvard, DEI, California Department of Fair, Housing, Fremont, Dallas Mavericks Locations: New York, America, Paris, France, Fremont , California, Fremont, United States, ” Cuban

☆ Teenage phenomenon Luke Littler wins Bahrain Masters title and throws rare perfect nine-darter
▼ + stars: | 2024-01-20 | by ( Homero De La Fuente | Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Teenage darts sensation Luke Littler etched his name into the history books by capturing his first World Series title at the Bahrain Darts Masters on Friday, just hours after he had become the youngest ever player to throw a perfect nine-darter. “You tell me,” Littler replied when he was asked by broadcaster ITV what he had achieved. Luke Littler celebrates his nine-darter. Official PDC/X“No one probably believes it, but I’ve not thrown a dart since the world final. And he can now count his favorite soccer team, Manchester United, among his many fans after the club congratulated him on winning his first World Series title on X, formerly Twitter.

Persons: Luke Littler, Michael van Gerwen, Littler, Nathan Aspinall, Phil Taylor, ” Littler, Nathan, I’ve, Luke Humphries, Littler’s Organizations: CNN, Bahrain Darts, PDC, World Matchplay, ITV, Darts, kebabs, Manchester United

☆ 16-year-old storms to final of world darts championship with £500,000 prize at stake
▼ + stars: | 2024-01-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Luke Littler made it to the final of the 2023/24 Paddy Power World Darts Championship at Alexandra Palace. LONDON — A 16-year-old named Luke Littler on Wednesday will compete in the final of the PDC World Darts Championship hoping to become the youngest ever winner of the sport's premier tournament. Coming into the world championship, Littler was ranked 164 by the Professional Darts Corporation (PDC), the governing body in charge of the tournament. On his course to the final, he has knocked out some highly-ranked names in the sport including five-time world champion Raymond van Barneveld. If Littler is victorious, he will be the youngest ever winner of the World Darts Championship.

Persons: Luke Littler, Paddy, Littler, Brit Luke Humphries, Rob Cross, Raymond van Barneveld, Michael van Gerwen Organizations: Alexandra, PDC, Professional Darts Corporation, Darts Locations: London

☆ Astronomers find seven planets being 'fried' by their star
▼ + stars: | 2023-11-06 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Astronomers using data obtained by NASA's now-retired Kepler space telescope have identified seven planets orbiting a star in our Milky Way galaxy, with all of them suffering the wrath of their star - radiant energy - even more brutally than Mercury. This is the second-most planets so far discovered around any star beyond our solar system. All seven are larger than Earth, the biggest of our solar system's four rocky planets, but littler than Neptune, the smallest of our solar system's four gas planets. Scientists have to date identified more than 5,500 exoplanets - planets outside our solar system - and spotted hundreds of stars with multiple exoplanets. "The chance of life on any of these seven planets is indeed pretty remote," Lissauer said.

Persons: NASA's, Jack Lissauer, Kepler, Lissauer, Will Dunham, Rosalba O'Brien Organizations: NASA's Ames Research Center, Planetary Science, Thomson Locations: California

Schultz had met with a group of employees from Starbucks locations in Long Beach, California, to discuss concerns about working conditions. Lawyers for Starbucks Workers United, which is organizing the company's workers and filed a complaint on behalf of Hall, did not immediately respond to a request for comment. Starbucks and Schultz have faced allegations of widespread illegal union-busting from workers, labor groups and Democratic lawmakers. Hall then asked Schultz about allegations of illegal labor practices in complaints pending at the NLRB, according to the filings. SenatorsStarbucks must disclose spending on response to union campaign, judge rulesReporting by Daniel WiessnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Howard Schultz, Julia Nikhinson, barista, Brian Gee, Schultz, Hall, ” Gee, Gee, Jonathan Levine, Littler Mendelson, Gabe Frumkin, Barnard Iglitzin, Lindsay Parker Read, rehire, Daniel Wiessner Organizations: Starbucks, Health, Education, Labor, Capitol, REUTERS, Former Starbucks Corp, National Labor Relations, Madison Hall, Starbucks Workers, Workers, Democratic, NLRB, U.S . Department of Labor, Starbucks Corp, National Labor Relations Board, U.S, Senators Starbucks, Thomson Locations: Washington ., California, Los Angeles, Long Beach , California, U.S, Long Beach

☆ Wesleyan University ends legacy admissions after Supreme Court decision on affirmative action
▼ + stars: | 2023-07-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

More Americans disagree with legacy admissionsToday, fewer Americans agree with legacy admissions. "This preferential treatment overwhelmingly goes to white applicants and harms efforts to diversify color," added Michael Kippins, litigation fellow at Lawyers for Civil Rights. The NAACP called on more than 1,600 U.S. public and private colleges and universities to commit to increasing the representation of historically underrepresented students and end the practice of legacy admissions. The reality is we've reached a pretty good consensus on the use of identity in college admissions. Legacy admissions 'could be deemed unconstitutional'Since the practice of legacy admissions has indirect racial implications, these challenges may have legal merit, according to Jeanine Conley Daves, an attorney at New York-based firm Littler.

Persons: Wesleyan University Joanne Rathe, Ivan Espinoza, Madrigal, Michael Kippins, Ivory Toldson, Alvin Tillery, Don Harris, Harris, John Roberts, Jeanine Conley Daves Organizations: Wesleyan University, Boston Globe, Harvard University, Civil Rights, Pew Research, Harvard, NAACP, Northwestern University's Center, Diversity, Diversity and Democracy, Supreme, Temple University School of Law Locations: Massachusetts, New York

☆ Mattel launches taller Barbie aimed at children as young as 3
▼ + stars: | 2023-01-12 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

Love her or loathe her, Barbie has been transformed again, this time into a version for children as young as 3. I think doll play allows children to really practice storytelling skills, perspective taking and social interactions,” LeVos said. McKnight made it clear that My First Barbie will not be a separate, parallel Barbie universe. Andrea Werner, a pediatric occupational therapist in West Hartford, Connecticut, and mother of a preschooler and an infant, supports doll play as developmentally valuable. “Companies will always be trying to sell consumers the next best thing.”Kohchi isn’t entirely sold on My First Barbie as appropriate.

☆ Flu, RSV, Covid: 6 ways employers can deal with a potential wave of absences
▼ + stars: | 2022-11-16 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

Despite concerns about staff calling out, most employers no longer require anyone to wear a mask at work. Be honest about what company policies incentivizeOffering paid sick leave is a good way to ensure employees feel comfortable calling in sick. Yet a lot of employers don’t provide paid sick leave and they may just offer a few paid personal days. “That doesn’t give people flexibility to stay home [when they’re sick],” Mishra said. Employers may minimize employee absences if they can subsidize back-up day care options for working parents, Mishra noted.

Nov 14 (Reuters) - Squire Patton Boggs on Monday said it will open an office in Dublin next year, becoming the latest international law firm to expand into Ireland. Agnew was a founding partner of Pinsent Masons' Dublin office. A Squire Patton Boggs spokesperson said the firm is currently looking at space in Dublin's central business district. Agnew said in an email that the exact timing of his departure from Pinsent Masons "has still to be agreed." Squire Patton Boggs was created in 2014 by the merger of Washington, D.C.-founded Patton Boggs and Cleveland-founded Squire Sanders.

☆ Worker complaints alleging anti-union shutdowns rise as organizing surges
▼ + stars: | 2022-11-04 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +13 min

The company, G&D Integrated, had closed the factory, saying it had suddenly lost its decade-old contract with a Japanese company, workers said. Starbucks closed multiple stores this year following union activity. Trader Joe’s, for example, abruptly closed a wine shop in the center of New York City where workers had been organizing. Demonstrators protest outside a closed Starbucks in Seattle on July 16. More than 40 percent of the stores had union campaigns, according to data from Starbucks Workers United, the union that has been organizing the workers.

☆ Posh ice cream, craft beer in vogue as Chinese downsize their love of luxury
▼ + stars: | 2022-10-13 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

SHANGHAI, Oct 14 (Reuters) - Chinese consumers are typically known for lavish spending on high-end handbags, clothes and accessories that sustain Western luxury brands. Brands that have jumped on the trend include Kweichow Moutai (600519.SS), best known for $300 bottles of baijiu, the Chinese spirit popular at banquets. It debuted baijiu-infused ice cream at $10 a cup in May, racking up 2.5 million yuan ($350,000) of sales on the first day. Chinese consumers are "spoiling themselves with those little things and they're loving something novel," said Mark Tanner, founder of marketing agency China Skinny. "When times aren't so good, people want to feel better, guilty pleasures like ice cream can help," said Low.

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