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☆ Walmart is laying off 1,500 workers, transforming a warehouse as it tries to compete with Amazon's marketplace
▼ + stars: | 2022-10-11 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Walmart is letting go of nearly 1,500 workers at one of its fulfillment centers in the Atlanta area, with the company repurposing the e-commerce facility to support third-party sellers. A Walmart blog post published on Monday said the company will turn the fulfillment center into "a dedicated facility supporting our growing Walmart Fulfillment Services (WFS) business." The company launched Walmart Fulfillment Services in 2020 to allow third-party-marketplace sellers to ship and store products using the retailer's warehouses. For comparison, Amazon said it has nearly 2 million third-party sellers on its marketplace. Yarbrough said Walmart may convert more fulfillment centers to focus on WFS as the company attracts more third-party sellers to its marketplace.

☆ Georgia Democratic Sen. Raphael Warnock blasts GOP opponent Herschel Walker over campaign tumult: 'We have seen some disturbing things'
▼ + stars: | 2022-10-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Raphael Warnock called out Herschel Walker after a campaign appearance on Friday, per the AJC. Warnock said that Walker's campaign tumult centered on abortion shows "a disturbing pattern." We've seen a disturbing pattern, and it raises real questions about who is actually ready to represent the people of Georgia," Warnock said of Walker. Georgia Republican Senate nominee Herschel Walker. He alluded to what he depicted as a Democratic-led smear campaign during a Thursday press coverage in Georgia.

Alums include 6 judges, Big Law partners, top law school professors, Hunter Biden, and a priest. Yale Law School is one of the most prestigious law schools in the world, and arguably one of the most powerful. Graduates of Yale Law are known for going into public service and academia, but alumni have also landed top positions at elite law firms and Fortune 500 companies. But Yale Law still carries cachet in the legal community, and many top law firms, schools, judges, and agencies hire its alumni. Here's a look at the careers of some notable alumni of the Yale Law Class of 1996, more than a quarter of a century years after their graduation.

☆ Opinion: The Fed doesn’t have a choice anymore. Get ready for a recession
▼ + stars: | 2022-10-07 | by ( Gad Levanon For Cnn Business Perspectives | ) edition.cnn.com time to read: +5 min

On the other hand, overall employment growth has been much stronger than normal. Why has employment growth remained so strong? And it’s likely that these represent structural changes to buying patterns that will keep demand high. Employment growth is likely to slow down from its historically high rates, but it will still remain solid in the coming months. The only option that leaves the Fed is to engineer a recession by continuing to raise interest rates.

☆ September job gains affirm that the Fed has a long way to go in inflation fight
▼ + stars: | 2022-10-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

But a surprising drop in the unemployment rate and another boost in worker wages sent a clear message to markets that more giant interest rate hikes are on the way. Everybody who seems to want a job is getting a job," said Ron Hetrick, senior economist at labor force data provider Lightcast. "But we've been getting into a situation where our low unemployment rate has absolutely been a significant driver of our inflation." A series of central bank rate increases has been aimed at reducing demand and thus loosening up a labor market where there are still 1.7 open jobs for every available worker. It all makes the inflation fight look ongoing, even with a slowdown in payroll growth.

☆ Gov. Kemp says suggesting the Atlanta Braves change their name is 'woke cancel culture,' but Native Americans have found Indian mascots offensive for decades
▼ + stars: | 2022-10-03 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Brian Kemp said calls to change the Atlanta Braves' name are "woke cancel culture." The White House said Monday that it's "important" to talk about the offensive team name. Native American activists have been fighting to change sports mascots and team names for decades. Many Native American leaders and groups have said they find the action offensive. According to the Ferris State University Jim Crow Museum, team mascots, phrases, and other traditions that reference Native Americans reinforce harmful stereotypes to non-Native people.

☆ Georgia lawmaker comes out as nonmonogamous: 'I'm in love with two wonderful people'
▼ + stars: | 2022-09-28 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +11 min

Kris Brown, Liliana Bakhtiari , and Sarah Al-Khayyal cast their vote in the 2021 Atlanta elections. Kris Brown, Liliana Bakhtiari, and Sarah Al-Khayyal hike through Arches National Park in Grand County, Utah. “There are many more ways to be nonmonogamous than there are ways to be polyamorous, and we invite and enjoy the fluidity of the term nonmonogamy,” Brown said. Liliana Bakhtiari, Sarah Al-Khayyal, and Kris Brown celebrate Christmas with Brown's family. Bakhtiari and Brown had three cats and one dog, and when Al-Khayyal joined the family she brought her two cats.

☆ In an age of 'quiet-quitting,' some money-hungry politicians are glorifying 7-day work weeks, sleepless nights, and burn-it-on-both-ends hustle culture
▼ + stars: | 2022-09-28 | by ( Hanna Kang | ) www.businessinsider.com time to read: +5 min

Marco Rubio, John Fetterman, and several other politicians have sent out fundraising emails that tout sleepless nights and no days off. But in an age of "quiet quitting" — rejecting hustle culture and subtly dialing it back at work — several politicians have sent out fundraising emails that talk about all-night work and "not taking days off," effectively glorifying working oneself to death. "We have less than 7 weeks to ensure I defeat Dr. freakin' Oz AND this race could literally make or break our Democratic Senate Majority. The latest fundraising email from Sen. Marco Rubio of Florida said his campaign manager, Mark Morgan, hasn't slept in days. "Failure is not an option," Herschel said in his fundraising email, in all caps.

☆ Larry Summers blasts UK tax cuts as 'utterly irresponsible' and warns of possible contagion
▼ + stars: | 2022-09-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The sudden sell-off in the pound and U.K. bond markets led economists to anticipate more aggressive interest rate hikes from the Bank of England . I was surprised when the new chancellor spoke over the weekend of the need for even more tax cuts," Summers said on Twitter. U.K. inflation unexpectedly fell to 9.9% in August, and analysts recalibrated their eye-watering expectations after the government stepped in to cap annual household energy bills. 'Emerging market currency crisis'Sterling has fallen by roughly 7-8% on a trade-weighted basis in less than two months, and strategists at Dutch bank ING noted Tuesday that traded volatility levels for the pound are "those you would expect during an emerging market currency crisis." The likening of the U.K. to an emerging market economy has become more prevalent among market commentators in recent days.

☆ Factbox: Eight U.S. Senate races to watch in November's midterm elections
▼ + stars: | 2022-09-27 | by ( Moira Warburton | ) www.reuters.com time to read: +6 min

Pennsylvania Lieutenant Governor and U.S. Senate candidate John Fetterman speaks during a rally in Philadelphia, Pennsylvania, U.S., September 24, 2022. The chamber is currently split 50-50 between Republicans and Democrats, who are able to control the agenda thanks to Vice President Kamala Harris' tie-breaking vote. The state is a former Republican stronghold where Democrats have made surprise gains in recent elections - Biden won the state by 0.3% in 2020. Masters' struggles have led Republicans to pull funding and analysts have shifted their predictions for the race in Kelly's favor. National groups have been pouring in money, and the topic of abortion is front and center since the state's Republican legislature banned all abortions after six weeks.

☆ MLB roundup: Jays keep Aaron Judge in park, top Yanks in 10
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +3 min

The hit off Clarke Schmidt (5-5) scored automatic runner Cavan Biggio from second base after right fielder Aaron Judge had prolonged the inning with a catch at the right field wall. Judge went 1-for-3 with two walks as he stayed at 60 homers, one shy of the American League record set by New York's Roger Maris in 1961. Register now for FREE unlimited access to Reuters.com RegisterThe Blue Jays opted to intentionally walk Judge with two outs and runners on first and second in the top of the 10th. Braves 8, Nationals 0Rookie Bryce Elder pitched a six-hitter and visiting Atlanta smacked three home runs to defeat host Washington. Martinez and Rob Refsnyder homered for the Red Sox, and Enrique Hernandez had two run-producing singles for three RBIs.

☆ MLB roundup: Guardians clinch AL Central title for first time since 2018
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +13 min

Hunter Dozier capped the Royals' scoring with an RBI single to make it 13-11 following Ryan O'Hearn's two-run double. Astros 6, Orioles 3 (11 innings)Christian Vazquez's two-run single capped a four-run 11th inning and visiting Houston defeated Baltimore. Jeimer Candelario followed Schoop's RBI single with a run-scoring single of his own. The White Sox's loss allowed the Cleveland Guardians to clinch their first American League Central title since 2018. Yadier Molina had an RBI single for the NL Central-leading Cardinals, who dropped consecutive games to the Dodgers after winning Friday.

☆ Vera Bradley's founders Pat and Barb look back on the last 40 years as they embark into the metaverse
▼ + stars: | 2022-09-24 | by ( Chloe Melas | ) edition.cnn.com time to read: +4 min

It was 1982 in Fort Wayne, Indiana, and Patricia R. Miller was stopping by to introduce herself to new neighbor Barbara Bradley Baekgaard. “The Kappa [Kappa Gamma women’s sorority] house at Michigan State, they kind of brag that they started the company,” Baekgaard said. “We went through all kinds of names, but Barb’s mother’s name was Vera Bradley. Over the next several decades Vera Bradley expanded to bedding, tech and home accessories. Even as the women look back at 40 years of Vera Bradley, the brand is looking ahead and pushing the boundaries of its duffel-bag roots.

☆ A majority of Georgia voters support President Biden's student-loan forgiveness plan, poll says
▼ + stars: | 2022-09-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

A new AJC poll showed that 54% of Georgia voters backed Biden's student-loan forgiveness plan. Warnock and Abrams back Biden's plan, while Kemp and Walker are opposed to the framework. The same poll showed Biden's job approval rating in the state at 37%, with 58% disapproving of his performance. Walker said during a recent campaign event that Biden's student-loan forgiveness plan was "not right." Abrams has praised Biden's plan and last month used the president's announcement to take a swipe at Kemp's policies.

☆ Raphael Warnock has a 5-point lead over Herschel Walker in high-stakes Georgia Senate contest, while Brian Kemp is ahead 6 points against Stacey Abrams in the governor's race: poll
▼ + stars: | 2022-09-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Warnock has a 47%-42% lead over Walker in the Georgia Senate race, per a new Marist Poll. In the poll, Warnock was backed by 94% of Democrats, while Walker earned 83% support among the GOP. Warnock performed strongly in the Atlanta metropolitan area; in the Atlanta suburbs, he edged out Walker by three-percentage points (47%-44%). (A recent CBS News/YouGov poll showed Warnock with a narrower 51%-49% edge over Walker.) Brian Kemp holds a six-point lead (50%-44%) over Democratic gubernatorial nominee Stacey Abrams among registered voters in a rematch of their 2018 contest.

☆ JetBlue ground operations workers seek union vote, major labor group says
▼ + stars: | 2022-09-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A major airline union said Friday that it has enough support among JetBlue Airways' roughly 3,000 fleet service staff to seek a unionization vote, in the latest move to organize workers. The International Association of Machinists and Aerospace Workers said it will file an application for a union vote with the National Mediation Board. A vote could create the third major work group at the New York-based airline to unionize. "The IAM has sufficient interest among JetBlue Fleet Service workers to conduct a union representation election," the union said in a statement. Most major airline workers are already largely represented by unions, though some carriers like JetBlue are less so than some competitors.

☆ Delta is bringing back 8 transatlantic routes next summer as it continues to rebuild its post-pandemic network — see the full list
▼ + stars: | 2022-09-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

On Friday, the Atlanta-based carrier announced eight transatlantic routes returning to its network next summer, including one that hasn't flown since 1993. Boxun Liu / EyeEm / Getty ImagesDelta will start flights between New York and Geneva on April 10 using a Boeing 767-400 aircraft. Getty ImagesDelta will start flights between New York and London Gatwick on April 10 using a Boeing 767-300ER aircraft. picture alliance / Getty ImagesDelta will start flights between New York and Berlin on May 25 using a Boeing 767-300ER aircraft. Getty ImagesDelta will start five-times-weekly flights between Los Angeles and Paris on May 8 using an Airbus A330-900neo aircraft.

☆ MLB roundup: Brewers' Kolten Wong swats 3 HRs vs. Reds
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +8 min

Sep 22, 2022; Cincinnati, Ohio, USA; Milwaukee Brewers second baseman Kolten Wong (16) hits a two-run home run in the second inning against the Cincinnati Reds at Great American Ball Park. Aaron Judge remained stuck at 60 homers, walking three times and reaching base for the 21st straight game. The Braves, who lost their second straight game, fell 1 1/2 games back of the idle New York Mets in the National League East. Cubs 3, Pirates 2Michael Hermosillo's RBI single in the seventh inning provided the deciding run and rookie Hayden Wesneski pitched an immaculate inning visiting Chicago downed Pittsburgh. Bobby Witt Jr. recorded his third straight multi-hit performance and Salvador Perez drove in a run for the seventh straight game for the Royals.

The appeals court also said it would agree to reverse a portion of the lower court's order that required the government to hand over records with classification markings for the special master's review. A Justice Department spokesperson did not have an immediate comment. Cannon, a Trump appointee herself, appointed Dearie to serve as special master in the case at Trump's request, despite the Justice Department's objections about a special master. While it voiced disagreement, however, the Justice Department did not appeal that portion of Cannon's order. It is not clear if prosecutors may separately seek to appeal other parts of Cannon's ruling on the special master appointment.

Dearie asked Trump's lawyers to submit by Sept. 30 a list of specific items in that inventory "that plaintiff asserts were not seized from the premises." He also has claimed, without providing evidence, both that he had declassified any documents found at Mar-a-Lago and that the FBI planted documents. On Trump's request, U.S. District Judge Aileen Cannon appointed Dearie to vet the materials. The Justice Department has said more than 11,000 documents were seized, including about 100 documents marked as classified. A federal appeals court ruled on wednesday that the Justice Department can resume reviewing those classified records in its criminal investigation.

Trump's lawyers, however, have stopped short of stating in court that he declassified the documents, though they have not conceded that they are classified. Trump's lawyers did not immediately respond to a request for comment. Dearie pressed Trump's lawyers to make clear whether they plan to assert that the records had been declassified as Trump claims. Trump's lawyers proposed Dearie to serve as special master. Dearie on Thursday asked trump's lawyers to provide any evidence backing this up.

☆ BlackRock bought a money manager to expand in private credit. Insiders say the deal has now led to an exodus of frustrated employees.
▼ + stars: | 2022-09-21 | by ( Danielle Walker | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

After BlackRock acquired private credit firm Tennenbaum Capital Partners, more than a dozen employees left the small investment team. Former BlackRock employees say underwhelming pay and unfulfilled promises that the team could raise its own special situations fund led to widespread frustration and departures. The departures come as BlackRock aims to compete more aggressively in private credit, a key part of its high-priority alternatives push. Still, in recent years management has made it clear that its private investment capabilities need to be an important engine of growth. "It's not to say that the private credit market is easy to manage talent.

REUTERS/File PhotoSept 21 (Reuters) - Florida on Wednesday asked the U.S. Supreme Court to revive a state law aimed at stopping social media companies from restricting users' political speech after a federal appeals court blocked it earlier this year. Circuit Court of Appeals, allowed a similar Texas law that had also been challenged by NetChoice to take effect. NetChoice general counsel Carl Szabo said in a statement that the group agreed the case should be heard by the Supreme Court, and was confident it would prevail. read moreAlso in May, the Supreme Court, by a 5-4 vote, temporarily blocked the Texas law while lower courts considered NetChoice's challenge. Conservative Justices Samuel Alito, Clarence Thomas and Neil Gorsuch said in a dissent that it was not clear how the First Amendment should apply to large social media companies.

Of the more than 11,000 documents seized by the FBI from Mar-a-Lago on Aug. 8, about 100 have classified markings. Register now for FREE unlimited access to Reuters.com Register"Plaintiff again implies that he could have declassified the records before leaving office. Federal prosecutors in their filing to the appeals court highlighted that Trump's attorneys had resisted Dearie's request. As one of his defenses, Trump has claimed on social media posts without evidence that he declassified the records. Trump is a former president and the records do not belong to him.

☆ Breakingviews: Fed makes inflation fight Joe Biden’s problem
▼ + stars: | 2022-09-21 | by ( John Foley | ) www.reuters.com time to read: +4 min

For now, the Fed thinks it can manage this without a hard landing. Even so, Powell is correct to say that inflation is worse than even a reversal in growth. Around half of small businesses now say inflation is their biggest challenge, according to the U.S. Chamber of Commerce, and the public agrees, a Pew survey showed in May. The Fed said in a statement that inflation remained elevated, echoing its previous statement in July, with “modest growth” in spending and production. In its updated set of economic projections, the Fed forecast 4.4% unemployment in 2024, compared with its previous forecast of 4.1%.

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