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☆ Homebuilders fear Trump's mass deportations would inflate costs and make it even harder to hire
▼ + stars: | 2024-11-14 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Homebuilders and economists have said a deeper labor shortage could cause housing costs to spike. The issue is the construction labor force, whose 500,000-worker shortage is already making conditions more challenging. Related Video Musk visits border, calls for Trump-style wallForeign-born workers make up about a quarter of the construction workforce. They argue that the surge in home costs is largely a result of the nationwide housing shortage, and immigrants are a key part of building housing. AdvertisementDuring the pandemic, many older, experienced workers retired, and the pipeline of younger US-born workers isn't sufficient, homebuilders say.

Persons: Homebuilding execs, Donald Trump's, —, Eric Finnigan, John Burns, Ben Metcalf, Jim Tobin, JD Vance, Trump, Vance, Barack Obama, Obama, Joe Biden, Tom Homan, Chad Blocker, Homebuilders, Dennis Webb Organizations: Service, Trump, University of California, National Association of Home Builders, Immigration, Biden Locations: Berkeley, Los Angeles, Phoenix

☆ Fed’s Powell: Rate cuts are still underway
▼ + stars: | 2024-11-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Powell said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to remain in place, at least in the short run. “We are moving policy over time to a more neutral setting,” Powell said in prepared remarks for an event in Dallas. It’s also too soon for Fed officials to conclude that October data is indicative of any new trend. While additional hot inflation reports could be factored in to the Fed’s decisions, officials are also looking at the US labor market closely. There’s also been tension between Trump and Powell, whom the president-elect first nominated in 2017 to steer the central bank.

Persons: Jerome Powell, Powell, ” Powell, Donald Trump, Trump’s, It’s, Price, “, —, There’s Organizations: Washington CNN — Federal, Republican, Fed Locations: Dallas, stoke, Trump

On the day after the election, Nov. 6, X experienced its largest user exodus since Elon Musk bought the platform in 2022. NBC News spoke to six people who have joined or committed to using Threads and Bluesky in place of X after the election because of Musk. In the past five days, Wurtz said people she used to follow on X have started to trickle over to Threads. “I have a private personal account for friends and family and a public account for Taylor Swift, so nobody drowns in my Taylor Swift content,” Polo said. Currently, X users can go to the site’s settings and opt out.

Persons: Elon Musk, Don Lemon, Donald Trump, Musk, Kara Wurtz, Louis, ” Wurtz, “, I’m, Wurtz, Wurtz isn’t, Adam Mosseri, Bluesky, ”, Mosseri, David Carr, X, Polo, Swifties, Taylor Swift, ” Polo, Elon, Rory Mir, ” Mir, José Vilson, “ I’m, ” Laura Sell, Sell, “ It’s, Micah Lee, Dr, Jorge Caballero, ” Caballero, it’s Organizations: Elon, Guardian, NBC, Trump, Twitter, NBC News, Bluesky, Electronic Frontier Foundation, Duke University Press Locations: Similarweb, United States, Canada, Bluesky

☆ What the recall of progressives in the Bay Area says about Asian American views on crime
▼ + stars: | 2024-11-13 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

The recall last week of two Bay Area officials who both championed progressive crime policies reflects long-held frustrations around a previous increase in violence targeting the Asian American community, experts say. The vote is indicative of Asian Americans’ rightward shift toward tougher crime policies like much of the state, analysts say. From March 2020 to December 2021, Asian Americans and Pacific Islanders across the country reported nearly 11,000 hate incidents, including verbal and physical abuse, being coughed at or spat on, and facing discrimination in the workplace. “And a lot of people say, ‘Oh, we’ve moved on from that era.’ I don’t think Asian Americans have,” said James Zarsadiaz, author of “Resisting Change in Suburbia,” whose research focuses on Asian American conservatism. In San Francisco, for example, officials received 60 reports of hate crimes against Asian Americans in 2021, compared with the nine in 2020.

Persons: Sheng Thao, Pamela Price, Kamala Harris, Donald Trump, San Francisco Mayor London Breed, Levi Strauss, Daniel Lurie, Chesa Boudin, we’ve, ”, James Zarsadiaz, Russell Jeung, that’s, ” Jeung, “, it’s, Thao, Price, Thao’s, ” Price, Jasper Wu, Price’s, Venus Gist, Zarsadiaz, “ It’s, they’ve, ” Zarsadiaz, “ They’re, there’s Organizations: American, Oakland, Bay Area, San Francisco Mayor London, Democrat, San, Pacific Islanders, San Francisco State University, Oakland Police Department, FBI, NBC, Asian, University of San Locations: Alameda County, Oakland, Bay, San Francisco’s, Americans, California, Alameda, American, San Francisco, University of San Francisco

☆ How Trump policies may boost and burden energy stocks and crude oil, all at the same time
▼ + stars: | 2024-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

While oil stocks tend to follow the direction of crude prices, the energy sector has gained 3.6% since election day, slightly outpacing the S & P 500. Conflicting signals The crude futures market and the oil and gas stocks appear to be taking different messages from Trump's victory. Since the election, natural gas stocks have been big winners on the prospect of more pipeline permitting. The oilfield services companies are also major beneficiaries under a Trump administration, West said. Oil surplus headwind More ominously, an oil and gas production boom under Trump would lower crude oil prices and likely act as a headwind for the industry.

Persons: Donald Trump's, Brent, Andrew Dittmar, Trump, Dittmar, Biden, James West, EQT, Kinder Morgan, West, Baker Hughes, Halliburton, Lee Zeldin, Zeldin, Russia —, Morgan Stanley, Wells, Roger Read, Darren Woods, I'm, Woods, CNBC's Organizations: West Texas Intermediate, Enverus Energy Intelligence, Republican, White, American Petroleum Institute, Oil, Gas, ETF, Interior Department . Offshore drillers, Noble Corporation, Evercore ISI, Pipeline, Williams Companies, Cheniere Energy, Industries, Trump, SLB, New, New York GOP, Environmental Protection Agency, Fox News, Biden, EPA, " Companies, Investors, Department of Energy, CNBC, Exxon Mobil, Exxon, Chevron, White House, Capitol, ISI Locations: China, Gulf of Mexico, Tidewater, Transocean, Gulf, Trump, New York, U.S, Saudi Arabia, Russia, Wells Fargo

☆ Deportations actually dropped under Trump during first presidency
▼ + stars: | 2024-11-11 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Given his rhetoric demonizing undocumented immigrants and his promise to engage in mass deportations when he returns to the White House in January, it’s kind of shocking that deportations actually dropped in the four years Donald Trump was president. Appearing Monday on Fox News, Homan said Trump 2.0 will be like his first term but with more deportations. During his first term, Trump also promised mass deportations. But that’s about half the 2.9 million deportations undertaken during Barack Obama’s first term and fewer than the 1.9 million deportations during Obama’s second term. It’s on par with Biden’s 1.49 million deportations, according to updated calculations Bush-Joseph shared with me.

Persons: CNN —, Donald Trump, It’s, Joe Biden’s, Trump, Tom Homan, Homan, “ It’s, it’s, Biden, ” Homan, Obama, Kathleen Bush, Joseph, Barack Obama’s, Bush, The Trump, ” Bush, David Bier, Bier, ” Bier, ‘, John Sandweg, CNN Sandweg, We’re, ’ you’re, ” Sandweg, ” Organizations: CNN, White, Customs, Fox News, Trump, Migration Policy, Obama’s, Cato Institute, ICE Locations: Mexico

☆ ETF world buzzing about new cash flooding into funds seen winning from Trump trades
▼ + stars: | 2024-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."

Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico

☆ Katie Stockton says bitcoin could be headed to $98,000 next after some short-term consolidation
▼ + stars: | 2024-11-11 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

We recommend letting bitcoin digest its strong gains of late in a short-term consolidation phase before adding exposure. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: bitcoin, Katie Stockton Organizations: Trump, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: bitcoin

☆ We asked Americans what they’d heard about Trump and Harris throughout the campaign. Here’s what they told us
▼ + stars: | 2024-11-10 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +6 min

Georgetown University, University of Michigan and s3mc.orgGeorgetown University, University of Michigan and s3mc.orgWhat also stands out in the charts over time is the lack of a sustained narrative about either candidate. On average, over the 20 weeks The Breakthrough survey was fielded this year, roughly 76% of US adults said weekly they’d heard at least some news about Trump. In the 15 full weeks of data following Harris’ entry into the race, a slightly smaller share – about 71% on average – said they’d heard something about her. Sentiments expressed by political independents when talking about the news surrounding Trump were negative throughout the campaign. Their sentiment when discussing what they’d heard about Harris, which was close to neutral at the start of her candidacy, declined modestly throughout the fall, undercutting her advantage over Trump on that metric.

Persons: Donald Trump, Kamala Harris, Trump’s, Joe Biden, Harris, ”, Harris –, SSRS, Trump, Gallup’s Frank Newport, “, …, Hillary Clinton, they’d, Biden, –, undercutting, Jennifer Agiesta, Edward Wu Organizations: CNN, Trump’s, Trump, Georgetown University, University of Michigan Locations: Puerto Rico

☆ Private jet usage is way up for 2 reasons
▼ + stars: | 2024-11-10 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

Private jet travel has surged in recent years, and two big changes explain why. Meanwhile, more affordable options for on-demand private jets multiplied. Two big factors led to that spike in private flights: The pandemic and a spate of more affordable options for flying private. But soon, private jet travel surged even as commercial flying remained depressed. Meanwhile, fractional ownership of private planes, fly-share services, subscriptions to private jet companies, and other on-demand private flying options have also grown much more popular and made private flying more accessible and affordable.

Persons: —, That's Organizations: Service, NGO Transport, Environment Locations: Nature, New York City, Miami

☆ LinkedIn has seen an increase in users who list preferred pronouns despite 'woke' backlash
▼ + stars: | 2024-11-10 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

LinkedIn has seen a 29% increase this year in users who list their preferred pronouns. AdvertisementDetractors might consider it woke, but more professionals are including their preferred pronouns on their LinkedIn profiles. LinkedIn added space for users to include their preferred pronouns in their profiles in March 2021. Cooper, who said she doesn't indicate preferred pronouns, said that for some people sharing their pronouns can signal support for marginalized groups. She said that, ultimately, while some people find comfort in sharing their preferred pronouns, what that says about a person might be limited.

Persons: —, John Deere, Davidson, it's, Michael West, Kathryn Bond Stockton, Stockton, Minjae Ormes, Davina Cooper, Cooper, she's, John Organizations: LinkedIn, Service, Harley, University of Utah, King's College London Locations: Australia

☆ A worsening kind of Russian warfare was on display in the US presidential election, but it's a much bigger problem
▼ + stars: | 2024-11-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Russia's hybrid warfare tactics against the US and Europe are reaching new levels. AdvertisementRussian disinformation and interference — hybrid warfare tactics — are on the rise and again showed up in the US presidential election, but this is a problem for more than just America. Russian tactics were on full display in the 2024 US presidential election. AdvertisementMore than an American problemThis hybrid warfare is a broader problem for other Western countries, too. Moldova's pro-EU incumbent president, Maia Sandu, won reelection despite Russian efforts to sway the election.

Persons: —, Mark Rutte, Clinton, Mikhail Svetlov, it's, Doug Livermore, Donald Trump, Lev Radin, Trump, Livermore, Russia's, Maia Sandu, Daniel MIHAILESCU, Harris, Kamala Harris, Joe Biden, aren't Organizations: Service, NATO, FBI, State, intel, Getty, Irregular Warfare, National Intelligence Council, US intel, Infrastructure Security Agency, Ukraine, Moldovan, Union, Xinhua News Agency Locations: Europe, Russia, Moscow, Russian, Washington, China, Iran, US, Republic of Georgia's, France, Germany, AFP, Beijing, North Korea, America

☆ We asked 3 migration firms about what they're hearing in the first 48 hours after the election
▼ + stars: | 2024-11-08 | by ( Maria Noyen | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Business Insider spoke to three residency and citizenship consultancies about what they heard in the 48 hours after the election was called. Advertisement"Americans normally will take an average of three weeks to four weeks to review the documents before signing anything," Arton said. This time, it's different: "They're signing it the same day." While demand has risen steadily, Galst said clients' tone this week took on particular urgency — they're no longer just shopping around for options. "In the last 24 hours, I've heard real urgency," Galst said.

Persons: —, Donald Trump readies, They've, Steve Ballmer, Armand Arton, He's, Arton, they're, Partners Judi Galst, Galst, I've, it's, Pela Terra Organizations: Democratic, Service, White, Business, Arton, Henley, Partners, Henley & Partners, US Nationals, Gaza, Hamas Locations: Montreal, New York, Connecticut, California, London, Palestinian, Portugal, Caribbean, Ireland, Germany, Austria, Poland, Florida, American, Europe

☆ Democrats wished the election was about jobs. Trump's win showed it was about prices.
▼ + stars: | 2024-11-08 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

While Democrats touted job growth under Biden, Trump won over voters facing high prices. "I am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low, low, low crime and surging incomes for citizens of every race, religion, color, and creed," Trump said during remarks in September. BI adjusted 2021 amounts using Census-division-level inflation to understand how much real wages have changed across the US. Rhode Island had the highest real wage growth, just one of around a dozen states that saw an increase. Real wages massively fell in costly Washington, DC; even before adjusting for inflation wages were roughly flat.

Persons: Trump, —, Donald Trump, Joe Biden, Kamala Harris, Biden, Biden's, Jed Kolko, Matthew Yglesias, Harris, Kolko, they'll Organizations: Biden, Counties, Trump, Service, Federal, The New York Times, BI, stoke Locations: Trump, Rhode, New York, Maryland, Washington

☆ What Trump's election victory means for job seekers
▼ + stars: | 2024-11-07 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Executives focused on hiring told Business Insider that the newfound clarity is already making some employers more willing to post jobs. "Our phone was basically ringing off the hook with companies looking to hire," Lief Larson, CEO of Salesfolks, a staffing firm focused on sales roles, told BI. "We're seeing a pretty healthy number of roles planning to be posted in January, probably more than we even expected," Volberg told BI. A postelection rush to hireAaron Cleavinger, a managing partner at Murdoch Mason Executive Search Group, told BI that he's been "inundated" with new search requests from clients since the election. Rahbar said reductions to immigration could hurt industries beyond agriculture and construction, including tech.

Persons: Donald Trump's, —, haven't, Lief Larson, Tim Glowa, Michelle Volberg, who's, Volberg, she's, that's, Kathleen Lin Hurtubise, Hurtubise, Jason Leverant, Leverant, reshoring, Elon Musk, Aaron Cleavinger, they're, Cleavinger, Peter Rahbar, Rahbar Organizations: Service, Aloha Hospitality Professionals, AtWork Group, Tesla, Murdoch

Trump defeated Democratic candidate Vice President Kamala Harris, and Republicans claimed a majority of the Senate in elections this week. "We know kind of where the world is headed in a Trump environment because we've seen it before," said Jeffrey Solomon, president of TD Cowen, on CNBC's "Money Movers" Wednesday. One M&A advisor, who also spoke to CNBC anonymously, noted that Trump's disdain for Big Tech companies — historically active deal-makers — might keep them on the sidelines. Apparent GOP opposition to the CHIPS Act means that semiconductor consolidation might be challenging, the advisor noted, while cautioning it is still too early to know what a Trump presidency would mean. That advisor noted that smaller banks had been getting gobbled up for "some time," but that the pace and size of those acquisitions would likely ramp up under a Trump presidency.

Persons: Donald Trum, Ronda Churchill, Donald Trump, Kamala Harris, Jeffrey Solomon, TD Cowen, Solomon, Trump, Lina Khan, Khan, Howard Gutman, Jonathan Miller, —, Jared Holz, Mizuho, Sen, Elizabeth Warren, David Zaslav, David Grogan Organizations: Republican, Nevada GOP, Afp, Getty, Trump, Democratic, Republicans, Biden administration's Department of Justice, Federal Trade Commission, CNBC, Dow Jones, MorganFranklin Consulting, Big Tech, Qualcomm, Intel, Integrated Media, Pharmaceutical, Biotech, Illumina, FTC, Maze Therapeutics, Sanofi, Senate, DOJ, Allen & Company Sun Valley Conference Locations: Florida, Nevada, Las Vegas , Nevada, Ronda, Trump, Sun Valley , Idaho

☆ Stock futures are little changed as Wall Street looks to extend postelection rally: Live updates
▼ + stars: | 2024-11-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. U.S. stock futures hovered near the flatline Thursday night after the S&P 500 and Nasdaq Composite hit records in a postelection rally and investors weighed the Federal Reserve's latest interest rate cut. S&P 500 futures and futures tied to the Dow Jones Industrial Average added just 0.03% and 0.05% each. The moves higher continue the market rally from Wednesday in the wake of President-elect Donald Trump's victory, during which the Dow and S&P 500 rose to their best days since November 2022. The postelection surge put all three of the major averages are on pace for strong weekly gains, with the S&P 500 up about 4.3% and the Dow higher by nearly 4%.

Persons: Dow, Donald Trump's, Jerome Powell, Scott Helfstein, Trump Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Dow, Global, Republican, Fed Locations: New York City . U.S, Thursday's

☆ More young people are getting colorectal cancer. Being active at these times of day could lower the risk.
▼ + stars: | 2024-11-07 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Exercising at specific times of day could lower colorectal cancer risk, a new study found. Colorectal cancer rates have fallen since the '80s, but have risen in under-55s by 1 to 2% yearly since the mid-'90s. Previous studies have found that people who exercise regularly have a lower colorectal cancer risk than those who don't. After five years, 529 of the participants were diagnosed with colorectal cancer, also known as bowel cancer. "Every movement counts for reducing colorectal cancer risk, meaning that doing any amount of physical activity is better than none," Orange said.

Persons: —, Michael Leitzmann, Sam Orange, It's, Michael Shusterman, NYU Langone's Organizations: Service, BMC Medicine, University of Regensburg, University of Newcastle, International, of Cancer, American Cancer Society, Society, NYU, NYU Langone's Perlmutter Cancer Center Locations: Germany, UK, Long

☆ How atheist chaplains provide spiritual care for nonbelievers
▼ + stars: | 2024-11-07 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +12 min

In these conversations with patients who are wary of religion, Callahan slips in another detail: He’s an atheist himself. Callahan is one of a growing number of openly atheist chaplains working in institutions around the country. Though the term “atheist chaplain” might sound like an oxymoron, he doesn’t see a contradiction between his beliefs and the work of tending to the human spirit. Other atheist chaplains don’t shy away from religion at all, instead helping people explore faith and spirituality in nontraditional ways. There may be few atheist and nonreligious chaplains right now, but as Callahan sees it, their numbers only stand to grow.

Persons: Jason Callahan, Callahan, —, nonbeliever, ”, David, Muhammad Ali, Malcolm X, Tupac Shakur, “, ” Callahan, haven’t, Michael Skaggs, Greg Epstein, ” Epstein, Epstein, he’s, wouldn’t, don’t, Vanessa Gomez, Skaggs, agnostics, Gomez, Brake, “ There’s Organizations: CNN, Pew Research, Virginia Commonwealth University Massey Cancer Center, VCU, “ Chaplaincy, Christianity Chaplaincy, Harvard University, MIT, Harvard, Adobe Stock, Technology, University of Southern, Adobe Locations: Christianity, New York, Flushing , Queens, University of Southern California

☆ The four best bank stocks to own amid the Trump trade, according to top analyst Graseck
▼ + stars: | 2024-11-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

A Donald Trump presidency and Republican-controlled Senate could boost big banks, according to Morgan Stanley analyst Betsy Graseck. The analyst highlighted four big banks investors should look toward: Citigroup, Goldman Sachs , Wells Fargo and Bank of America . The acceleration in capital markets should benefit all the big banks, and Goldman Sachs is set to benefit the most, she noted. Meanwhile, Citigroup is most exposed to tailwinds from higher excess capital levels as a Republican-led government is unlikely to raise current capital requirements. She estimates this will result in an $86 billion jump in current excess capital for the big banks in the firm's coverage.

Persons: Donald Trump, Morgan Stanley, Betsy Graseck, financials, Financials, Graseck, Goldman Sachs, Wells, Goldman Organizations: Republican, Trump, House Republicans, Citigroup, Bank of America Locations: Wells Fargo, Basel

☆ A free AI tool can help you apply to hundreds of jobs per day. Users said there are risks, but they're worth it.
▼ + stars: | 2024-11-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

An AI tool called AIHawk is helping some job seekers apply for hundreds of jobs a day on LinkedIn. Some users told BI the program added false information into their resumesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA new AI tool released in August is helping some people quickly apply for roles on LinkedIn. Related Video "We've been using AI all along." AdvertisementAIHawk is free but users found problemsAIHawk is one of many AI job application tools on the market.

Persons: —, Federico Elia, AIHawk, Elia, who's, they've, There's, Anthony Ettinger, Ettinger, he's, Roth, Uber, hasn't, he'll, Tommi hasn't, Alexander Alonso, Alonso, Github — Elia, Guilherme, I've Organizations: LinkedIn, Service, Roth IRA, BI, Society for Human Resource Management Locations: Italy, Silicon Valley, Mexico City, Brazil

☆ The NLRB filed a complaint against Apple. The former engineer who cofounded #AppleToo explains why it's important.
▼ + stars: | 2024-11-06 | by ( Helen Li | ) www.businessinsider.com time to read: +9 min

The NLRB filed a complaint against Apple, alleging labor law violations and retaliation. AdvertisementA culture of silenceScarlett's case is among other ongoing unfair labor practice complaints by former Apple employees. The future of labor organizing in Silicon ValleyThe NLRB has received an uptick in unfair labor practice filings from tech workers. "When we talk about labor law, we're really talking about unions and hourly labor, like retail, front line, and service workers," Scarlett said. Movements like #AppleToo reflect a greater push from tech workers, who expect more employer transparency.

Persons: Cher Scarlett, Scarlett, —, I'm, Bernie Sanders, Howard Schultz, Apple, Slack, – they're, Evan Starr, we're, Matthew Bodie, They're Organizations: NLRB, Apple, Service, Labor Relations, National Labor Relations, SEC, University of Maryland, Employees, Microsoft, Google, The New York Times, University of Minnesota Law School, Activision Blizzard, Mozilla Locations: Oakland, California, Silicon Valley, USA

☆ Top analyst Mayo says Trump 'is regulatory game changer,' names one bank to benefit most
▼ + stars: | 2024-11-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Donald Trump 's decisive victory to regain the White House could serve as a "regulatory game changer" for Wall Street banks, according to Wells Fargo. Equity analyst Mike Mayo wrote early on Wednesday that a second Trump administration could yield "more free markets, less harsh oversight," while also reducing regulatory risk. GS YTD mountain Goldman Sachs stock. "More free markets imply that investment banking revenues have a chance at exceeding 2021 levels over the next few years," Mayo said. Shares of Goldman Sachs surged more than 12%, while peers Citigroup , Bank of America and Wells Fargo all gained more than 7% each.

Persons: Donald Trump, Mike Mayo, Trump, Trump's, Goldman Sachs, Mayo, Wells Fargo Organizations: Equity, Goldman, Citigroup, Bank of America, Wells Locations: Wells Fargo, Goldman Sachs, Wisconsin, Pennsylvania

☆ It's not getting any easier for fast-food chains
▼ + stars: | 2024-11-05 | by ( Mary Hanbury | Nora Redmond | ) www.businessinsider.com time to read: +2 min

Both KFC and Burger King saw sales fall in the US in Q3. On Tuesday, Burger King owner Restaurant Brands International and the parent company of KFC followed in its footsteps. AdvertisementMeanwhile, Restaurant Brands International, which owns chains including Burger King, Tim Hortons, and Popeyes, reported a weaker-than-expected 0.3% increase in same-store sales across the group for Q3. McDonald's, KFC, and Burger King are among those trying to lure back diners with new value menu deals. Some consumers say they're increasingly turning to independent restaurants, casual dining chains, or home cooking to get a better deal.

Persons: It's, —, McDonald's, Burger, Taco Bell, Burger King, Tim Hortons Organizations: KFC, Burger King, Service, Restaurant Brands, ! Brands, Taco, Burger, Taco Bell Locations: Popeyes

☆ A booming Montana city's struggle with homelessness is a warning — and a model — for the West
▼ + stars: | 2024-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHousing costs and the homeless population have soared in the Western Montana city of Missoula this year. Between 2021 and 2023, the city's two main shelters saw a 53% increase in the number of nights of shelter provided to Missoulans experiencing homelessness. Advocates for those experiencing homelessness say there's much more work to be done. Local lawmakers say the city needs more state and federal funds to aid those experiencing homelessness. Building more housing is key to solving homelessnessAffordability is at the root of homelessness in Missoula and across the US.

Persons: —, Jill Bonny, they're, Bonny, It's, Eliza Relman, Bob Campbell, Campbell, who's Organizations: Service, Poverello Center, Sun, Poverello, New Hope Ministries, Business, Marine Corps Locations: Missoula, Western Montana, Montana, It's

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