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The attorneys who've been defending Rudy Giuliani in a case seeking to force him to turn over his assets to two former election worker he defamed are asking a judge permission to drop him as a client. “Mayor Giuliani has not been informed by Mr. Caruso of this action. Surely Mr. Caruso would talk to the mayor, or at the very least inform him of such a decision,” Goodman said. In court last week, Giuliani said he was unsure where his valuables were, a claim the judge called "farcical." Nathan told the judge he'd discovered that numerous items had been moved from Giuliani's apartment in recent weeks, despite the turnover order.

Persons: who've, Rudy Giuliani, Giuliani, Donald Trump, Ken Caruso, David Labkowski, Ted Goodman, Ruby Freeman, Shaye Moss, “ Mayor Giuliani, Caruso, ” Goodman, he'd, District Judge Lewis Liman, Aaron Nathan, Freeman, Moss, Liman, Joe DiMaggio, Lauren Bacall, Nathan Organizations: “, U.S, District, New, CTS Locations: Georgia, Giuliani's, New York

☆ Latino mobile home park residents denounce conditions, allege discrimination
▼ + stars: | 2024-11-14 | by ( Albinson Linares | Albinson Linares Is A Reporter For Noticias Telemundo Based In Mexico City. | ) www.nbcnews.com time to read: +13 min

The sewage is exposed to the air and causes a lot of nausea and headaches,” said Veronica Isabel Dahlberg, executive director of HOLA Ohio, a nonprofit group assisting Latino state residents, which has advised mobile home park residents who sued. It is very expensive,” said Yvonne Maldonado, a co-director of Manufactured Housing Action, a nonprofit group that focuses on such communities. “We have recently seen private equity enter the manufactured housing market," PESP housing research coordinator Madeline Bankson said. During hurricanes, the National Weather Service has said, 72% of deaths occur in homes, and of those, 54% occur in mobile homes. She also urged mobile home park residents to organize their communities and if there are complaints, to do it as a group, which is more effective.

Persons: Mariano Jacobo Piñón, ”, Vicente Hernández, Ricardo Rodríguez, Veronica Isabel Dahlberg, Mariano Jacobo Piñón's, ” Rodríguez, Melissa Solomon, Jones, Patrick J, Condon, Yvonne Maldonado, Maldonado, Ana Eugenia Báez, Báez, Andrea Chiriboga, Flor, Ascentia, Marko Vukovich, ” Vukovich, Esther Sullivan, Eva Marie Uzcategui, Madeline Bankson, Fannie Mae, Freddie Mac, Jeanne Shaheen, Richard Blumenthal, John Fetterman, ” Shaheen, Banks, Juan Pablo Garnham, Garnham Organizations: Fairgrounds United, Perry Mobile Home, Noticias Telemundo, Jones Estates Fairgrounds, Jones Estates Perry LLC, Jones Estates, Department of Housing, Urban, Survey, Residents, People Center, Foxridge, Colorado Mobile, Private, University of Colorado, Home Parks, The Washington, Getty, Prosperity, Federal Housing Administration, “, Telemundo, Princeton, National Weather Service Locations: Lake County , Ohio, Mexico, Ohio, Hernández, Lake County, Mobile, U.S, New York, Colorado, Foxridge, Arapahoe County , Colorado, Denver, Sarasota , Fla, Sens

☆ The average amount Americans have saved for retirement in every U.S. state—see how you compare
▼ + stars: | 2024-11-14 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

The average household retirement savings balance in Massachusetts is $448,500, according to an October study by DepositAccounts. On the other hand, Americans in Louisiana and Mississippi have the lowest average household retirement savings of $128,900 and $131,500, respectively. And Florida, a popular retirement destination, ranks 19th with average savings of $287,200. But remember, while averages can provide an interesting snapshot of retirement data, they don't always tell the whole story. Here are the average amounts households have saved for retirement by state, according to DepositAccounts.

Persons: IRAs, Keogh Organizations: CORE, of Columbia Locations: Massachusetts, U.S, Louisiana, Mississippi, Florida, Alaska , Delaware, of Columbia , New Hampshire , North Dakota, Rhode Island , South Dakota , Vermont, Wyoming

☆ 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

☆ South African government refuses to help hundreds of illegal miners in disused shaft
▼ + stars: | 2024-11-14 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

Food and water supplies to those underground have been halted by police seeking to force the illegal miners to come to the surface, according to Reuters. ‘We are going to smoke them out’Minister in the Presidency, Khumbudzo Ntshavheni, said on Wednesday that no help would be given to the illegal miners. According to Mathe, the police spokesperson, at least 1,172 illegal miners have so far surfaced voluntarily amid the pressure campaign. “Community members are stepping in and demanding to go and rescue these illegal miners themselves. Police have been escalating attempts to stamp out the activity of illegal miners, known locally as “zama zamas.” More than a billion dollars is lost to illegal mining in South Africa annually, according to the country’s Minerals Council.

Persons: Athlenda Mathe, Ntomboxolo Qwanti, Sabata Mokgwabone, Khumbudzo Ntshavheni, ”, Mametlwe Sebei, Ntshavheni’s, Sebei, Mathe Organizations: CNN, Reuters, South Africa’s Minerals, Agence France, Presse, AFP, North West, Associated Press, General Industries Workers Union, “, Police, country’s Minerals Locations: South Africa, South, Stilfontein, North West province, North

☆ Trump tapped Elon Musk to oversee government efficiency. Here's how he's cut costs at his own companies.
▼ + stars: | 2024-11-14 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Elon Musk will co-lead the Trump White House's Department of Government Efficiency. Musk is known for his intense work ethic and willingness to make drastic cuts to save costs. AdvertisementPresident-elect Donald Trump tapped Elon Musk to co-lead a new Department of Government Efficiency to reduce government spending along with businessman Vivek Ramaswamy. At companies like X, Tesla, and SpaceX, Musk is known for modeling an intense work ethic and making drastic workforce reductions to lower costs. AdvertisementMusk, X, Tesla, and SpaceX did not immediately respond to requests for comment.

Persons: Elon, —, Donald Trump, Elon Musk, Vivek Ramaswamy Organizations: Trump White House's Department, Government, SpaceX, Service, of Government, LinkedIn

☆ Bob's Red Mill is owned by its 700 employees. Its CEO says that is key to its success.
▼ + stars: | 2024-11-14 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Bob's Red Mill became employee-owned in 2020 with an Employee Stock Ownership Program or ESOP. Bob's Red Mill is one of about 6,500 American companies that operate with an Employee Stock Ownership Plan, or ESOP, according to the National Center for Employee Ownership (NCEO). Bob's Red Mill CEO Trey Winthrop said the ESOP boosts employee engagement. Bob's Red MillWhen an ESOP is formed, ownership shares are distributed to employees, giving them a financial stake in the success of the company. Related storiesESOPs boost employee engagement and can lead to hefty payoutsWinthrop, who was at Bob's Red Mill long before the ESOP, said being employee-owned boosts employee engagement and retention.

Persons: Mill, Trey Winthrop, Bob Moore, Winthrop, —, Moore, Bob, it's, doesn't Organizations: Service, National Center for Employee, ESOP Association Locations: Florida

☆ It's time to rethink what work-life balance really means
▼ + stars: | 2024-11-14 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

A work-life balance is a priority for many. But it may be more beneficial to balance energy and find personal "golden hours" for productivity. AdvertisementThe pursuit of a work-life balance is at the heart of so many workplace conversations. "I don't think work-life balance exists," Dilan Gomih, the founder and CEO of the workplace performance and wellness consultancy Dilagence, told Business Insider. However, provided work doesn't overtake all of your personal time, there may be some wisdom in rethinking the definition of work-life balance.

Persons: —, Zers, Jeff Bezos, Bezos, Veronica West, there's, Gomih, Breese Annable, Annable, West Organizations: Service, Vox's

☆ Elon Musk is a showman, not an accountant
▼ + stars: | 2024-11-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The merch will be 🔥🔥🔥”If you need more evidence of how silly this whole thing is, note (as many commentators did online) that the efficiency department is being overseen by two people. On the campaign trail last month, Musk was asked how much he thought he could cut from the nation’s $6.5 trillion budget. Musk would be lucky to find $200 billion in the federal budget, former Treasury Secretary Larry Summers said at the Economic Club of New York on Tuesday. Even Trump joked to House Republicans on Wednesday that he can’t get rid of Musk, a source in the room told CNN. And that means Musk himself, as Tesla’s largest individual shareholder, is $55 billion richer today than he was a week ago.

Persons: Donald Trump, Elon Musk, ”, he’s, Vivek Ramaswamy, ” Trump, Elon, Vivek, Trump, Musk, ments on Organizations: New, New York CNN, bro, “ Department, Government, Ford, United Airlines, Republican Congress Locations: New York, le

☆ Neom, Saudi Arabia's high-tech desert city, is heading for a dialed-down first stage as costs soar
▼ + stars: | 2024-11-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Amid rising costs, Saudi Arabia is scaling back Neom plans to focus on sports venues. The new city faces financial challenges, leadership changes, and scrutiny over human rights issues. AdvertisementSaudi Arabia is changing plans for mega-city Neom to cut costs and prioritize building for international sporting events. Governments and human rights groups have also scrutinized alleged human rights abuses, including of migrant workers building Neom. In July, Saudi Arabia rejected allegations that three men were sentenced to death because they criticized evictions to make way for the Neom project.

Persons: —, Neom, Francois Nel Organizations: Service, Reuters, Games, NEOM Beach, Neom Locations: Saudi Arabia, New York City, Saudi

☆ Instead of job killings, there's a strange AI hiring boom happening, according to Marc Andreessen
▼ + stars: | 2024-11-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

Instead of killing jobs, generative AI is fueling a surprising job boom, according to the venture capitalist Marc Andreessen. OpenAI and Google are struggling to significantly improve their next AI models, multiple media reports said this week. That's what makes these AI models smart, and without that, OpenAI and others are hitting a worrying wall. They're a function of the training data," Andreessen said. "And a big part of the AI hiring boom is actually hiring the experts to actually craft the answers to be able to train the AI."

Persons: Marc Andreessen, Horowitz, Andreessen, OpenAI, Ben Horowitz, Andreessen's Organizations: Google, AIs, Business, Andreessen Locations: chimed

☆ On-the-Job Training Is Broken. That Hurts Companies and Workers.
▼ + stars: | 2024-11-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +18 min

Workers are struggling to get a handle on their jobs, and this failure falls on everyone — companies, managers, human-resources departments, and, in some cases, the workers themselves. The chaos has left employers, managers, and employees wondering just how much time and money it's worth investing in training in the first place. It's tough to learn by osmosis over Slack, and the deluge of HR apps and training modules isn't filling in the gaps. As workers and managers are increasingly overextended, these types of unmeasured, softer activities can fall by the wayside. Gavin emphasized that it's not just on companies and managers to make sure employees are learning and getting onboarded but also on individual workers.

Persons: Gen, It's, what's, Gallup, Ana Goehner, Kenneth Matos, Matos, they're, it's, Ashley Herd, nonmanagers, Christy Pettit, Herd, Stephanie Wolf, she's, Wolf, that's, Phoebe Gavin, Gavin, I'd, hadn't, Michelle, Z, they've, Emily Stewart Organizations: Workers, Adobe, doer, Fortune, Business Locations: America, HiBob, RebuttalPR

☆ The real reason Starbucks is bringing back self-serve milk and sugar
▼ + stars: | 2024-11-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —Starbucks baristas can put eight shots of espresso into one cup. Starbucks’ self-serve stations had milk, sugar, sweeteners, spices and stirrers, just like at other coffee shops. This influx of mobile orders has sometimes strained Starbucks workers during rush hours. Gabby Jones/Bloomberg/Getty ImagesNiccol said bringing back self-serve stations will help Starbucks serve drinks in four minutes or less. “We’ll need to have proper staffing so that people are able to restock the condiment bar and make sure it’s clean and presentable.”

Persons: Amanda Poore’s, creamer, ”, Poore, David Garfield, “, Brian Niccol’s, Gabby Jones, Niccol, We’re, it’s, Amanda Rivera, Rivera Organizations: New, New York CNN, Starbucks, Bloomberg, Getty, Starbucks Workers Locations: New York, Seattle, Atlanta

☆ Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Sovereign AI is "more driven by the industry naming it that, than it is from the policymakers' side," Gow said. On Wednesday, Denmark laid out a landmark white paper outlining how companies can use AI in compliance with the incoming EU AI Act — the world's first major AI law. How regulation fueled a mindset shiftThat's not to say regulations haven't proven an important factor in getting tech giants to think more about building localized AI infrastructure within Europe. The concept of AI sovereignty is also getting buy-in from local European tech firms. Orange hasn't yet selected a partner for these sovereign AI model ambitions.

Persons: Dado Ruvic, Chris Gow, Anthropic's Claude, Filippo Sanesi, Sanesi, hasn't, —, Cisco's Gow, Rather, " Gow, Gow, It's, David Hogan, Hogan, OVHCloud's Sanesi, Qwant, Bruno Zerbib, Zerbib Organizations: Reuters, Portugal — Tech, CNBC, Data, of Justice, EU, General Data Protection, U.S, Sovereign, Nvidia, Orange Locations: Reuters LISBON, Portugal, Brussels, U.S, Europe, OVHCloud, Italy, Italia, Denmark, Berlin, Paris, French

☆ Wholesale inflation heated up again last month, reversing recent progress
▼ + stars: | 2024-11-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level. Still, one potential favorable sign for inflation-weary consumers: Wholesale food prices dropped 0.2% for the month. FactSet consensus forecasts called for a 0.2% monthly gain and for the annual rate to heat up to 2.3%. Economists projected a 0.2% monthly gain and a 3% annual rate. Thursday’s PPI trajectory mirrored that seen in the latest Consumer Price Index data released Wednesday.

Persons: Price, Eugenio Aleman, Raymond James ’, Thomas Simons, Jefferies, ” Simons, ” Oren Klachkin, Donald Trump’s, ”, Christopher Rupkey, Rupkey Organizations: CNN, of Labor Statistics, PPI, Federal Reserve, “, CPI, Nationwide

☆ High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
▼ + stars: | 2024-11-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic. “Grocery prices have skyrocketed,” he said. “Until we can — if we can — fix climate change, there’s no way that food prices can come down,” he told CNN. In the past, grocery prices have come down primarily when “the economy is under duress” and people don’t have enough money to pay for groceries. Absent these kinds of scenarios, Trump is unlikely to get the actual food prices we pay back to where they were during his first term.

Persons: Joe Biden, Donald Trump, Trump, ”, “, ” Trump, “ That’s, That’s, Phil Lempert, Vance, Lempert, Leo Feler, Feler, it’s “ Organizations: New, New York CNN, AP VoteCast, New York Economic Club, ”, Trump, CNN, University of California Locations: New York, Ukraine, Russia, Brazil, Mexico, Florida, California, China, Los Angeles

☆ Trump picks vaccine skeptic RFK Jr. for Health and Human Services secretary
▼ + stars: | 2024-11-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Independent Presidential candidate Robert F. Kennedy Jr. gives a keynote speech during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. President-elect Donald Trump said Thursday that he will nominate vaccine skeptic and conspiracy theorist Robert F. Kennedy Jr. as secretary of the Health and Human Services Department. Kennedy, 70, is the son of Robert F. Kennedy, the late U.S. attorney general and Democratic senator from New York who was assassinated in 1968 by a gunman in Los Angeles as he ran for president. "I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services," Trump wrote in a post on his Truth Social site Thursday. Stock prices of vaccine makers fell earlier Thursday on reports that Trump would tap Kennedy for the HHS post.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, John Kennedy, Trump, Matt Gaetz, Gaetz Organizations: Music City, Health, Human Services Department, Food and Drug Administration, National Institutes of Health, Centers for Disease Control, Democratic, United, Human Services, Public Health, HHS, NBC News, FDA, CDC, Republican, Department of Justice, Trump Locations: Nashville , Tennessee, U.S, New York, Los Angeles, combatting

☆ Hollywood Is Leaving Los Angeles: Remote Work Comes to TV, Movies
▼ + stars: | 2024-11-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +14 min

AdvertisementLately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. Actually being on a set is only one part of entertainment production. While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place.

Persons: Joe Gallegos Jr, he'd, Bailee Madison, Lukasiak, Pat Boone, Gallegos, JJ Abrams, HBO Max —, he's, It's, Patrick Adler, Taner Osman, couldn't, Tiffany FitzHenry, Lisa Brin, Brin, Noah Hawley, Maddy Bilder, Yorgos, Guy, Ryan Gosling, Emily Blunt, Tyler Mitchell, I've, Bilder, Adler, Otis, FitzHenry, hasn't, Keisha Perry, Cedric, I'm, She's, Lucia Moses Organizations: Netflix, HBO, of Labor Statistics, Westwood Economics, Planning Associates, Dallas, Miami, Hollywood, Bureau of Labor Statistics, Marvel, Otis, Creative, Lex Studios, Austin, Austin Film Society, Southwest, Sony, Universal Pictures, Ampere, Technology, ScreenIt, LA, Westwood, Gallegos, Business Insider's Media Locations: New Mexico, Los Angeles, Albuquerque, La La, Hollywood ., America, California, Atlanta, Hollywood, LA, Georgia, Kentucky, Lexington, New York, Ireland, Budapest, South Africa, Hungary, Australia, North America, Saudi Arabia, Miami

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

☆ How to prevent diabetes, according to a doctor
▼ + stars: | 2024-11-14 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

What steps can people take to prevent diabetes? Another risk factor for developing type 2 diabetes is the third form of diabetes, which is gestational diabetes. It usually goes away after the birth of the child, but having gestational diabetes increases the risk of the woman later developing type 2 diabetes as well as the risk of the child developing type 2 diabetes. miodrag ignjatovic/E+/Getty ImagesCNN: What steps can people take to prevent developing diabetes? Wen: Here’s how to prevent the most common form of diabetes, type 2 diabetes.

Persons: CNN —, —, Leana Wen, Wen, don’t, miodrag ignjatovic, it’s, We’ve Organizations: CNN, Diabetes, George Washington University, US Centers for Disease Control, Pacific Islanders, CDC Locations: United States, American, Americans

☆ Rudy Giuliani lawyers seek to quit defamation claim case over 'fundamental disagreement'
▼ + stars: | 2024-11-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. Lawyers representing Rudy Giuliani in a lawsuit related to a massive defamation judgment against him are seeking to quit the case in New York federal court, citing significant disagreements with the former Trump campaign attorney over how to handle the matter. Giuliani's spokesman, Ted Goodman, in a statement to CNBC, said, "Mayor Giuliani has not been informed by Mr. Caruso of this action." Giuliani represented Trump on the heels of the 2020 election, when the then-president was seeking to reverse his loss to President Joe Biden. Giuliani during that time falsely claimed that Ruby Freeman and Wandrea Moss committed ballot fraud at a Georgia vote-counting site.

Persons: Rudy Giuliani, Kenneth Caruso, David Labkowski, Donald Trump, Caruso, Judge Lewis Liman, Liman, Giuliani, Ted Goodman, Mayor Giuliani, Goodman, Joe Biden, Ruby Freeman, Wandrea Moss Organizations: New, Lawyers, Trump, New York City, CNBC, Washington , D.C, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Washington ,

☆ At Tesla, some are celebrating stock gains — others worry Elon will lose focus
▼ + stars: | 2024-11-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla employees are contending with a CEO whose list of commitments grows by the day. Most celebrated the company's surging stock price — it's up nearly 33% year to date — as Tesla stock makes up a significant share of most workers' compensation. Musk's growing list of commitmentsIn the runup to the election, Tesla CEO Elon Musk threw his money and influence behind Donald Trump. 🇺🇸🇺🇸🇺🇸 — Ashok Elluswamy (@aelluswamy) November 6, 2024Kimbal Musk, Elon Musk's brother and a Tesla board member, also appeared to celebrate the win. "On one hand, you want to celebrate the fact that the stock is up an insane amount," the employee said.

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, Trump's, Postelection, hasn't, Ashok Elluswamy, Elon, Don ’, cris, ric cars. At, vic Organizations: Elon, Tesla, Trump, PAC, America PAC, Department of Government, Palm, House Republicans, icl Locations: California, Texas, Palm Beach , Florida, Trump's, Mar, Palm Beach, Washington, DC, Palm

Inflation is drifting down in fits and starts, and so are restaurant menu prices. Diners are more likely to notice stabilizing menu prices at quick-service restaurants than at sit-down ones. But the rate at which all eateries changed their menu prices between the second and third quarters this year plummeted by 26%, the company said. Quick-service restaurants have benefited from slower growth in labor costs, Square found. The company estimates annual inflation faced by quick-service operators at 3.6% as of September, versus 4.3% for restaurants with table service.

Persons: ”, Kelly Esten, Ara Kharazian, Donald Trump, Joe Brusuelas, Trump Organizations: National Restaurant Association, “, Lightspeed Commerce, Wine Trade Alliance, RSM

☆ 3 new states passed paid sick leave for workers—here's where employees get the benefit
▼ + stars: | 2024-11-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

The U.S. is one of few developed nations without federal laws that provide workers paid time off, and just over a dozen states have their own laws to offer paid sick leave. But last week, Americans in more states – Alaska, Missouri and Nebraska – voted to pass new ballot measures that will bring paid sick leave requirements to their workplaces in 2025. Prior to the November election, 15 states and Washington, D.C., had their own paid sick leave laws, as do a number of cities and localities across the country. MarylandWorkers at businesses with 15 or more employees accrue one hour of paid sick leave for every 30 hours worked. Rhode IslandFull-time workers at businesses with 18 or more employees get up to 40 hours of paid sick leave per year.

Persons: Nebraska – Organizations: D.C, Bureau of Labor Statistics, Center for American, Arizona, California Workers, Colorado Workers, Connecticut Workers, Maryland Workers, Massachusetts Workers, Michigan Workers, Minnesota Workers, Nebraska, New Jersey Workers, New, New Mexico Workers, New York Workers, Workers, Oregon Workers, Vermont Workers, Washington Workers Locations: Alaska , Missouri, Nebraska, Washington, Alaska, California, Massachusetts, Missouri, New Mexico, Portland, Rhode

☆ The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
▼ + stars: | 2024-11-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “If he carries through on what he said during his campaign, there will be an inflation shock significantly greater than the one the country suffered in 2021,” Summers told Kate Bolduan on CNN News Central on Wednesday. “I hope that he will get the message from this election and adjust his programs so that it’s not inflationary,” Summers told CNN. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. They just didn’t want the consequences that came with it in terms of increased inflation,” Summers said.

Persons: Larry Summers, Donald Trump, Summers, Clinton, ” Summers, Kate Bolduan, That’s, Trump, Obama, “, ” Karoline Leavitt, ” Scott Bessent, ” Bessent, Axios, Trump “, Kamala Harris, Biden, I’ve, ” Organizations: New, New York CNN, Treasury, Federal Reserve, CNN News Central, CNN, Trump, Wall Street Journal Locations: New York, China, Ukraine

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