06 Market

Go to Article
Excerpt from www.thenation.com

Mercedes put on an “A-level boss fight.”  Which was only to be expected. So how can the union win next time?

Mercedes employees Austin Brooks, David Johnston, and Jacob Ryan attend a rally in Tuscaloosa, Alabama, on May 5, 2024. (Kim Chandler / AP Photo)

Late last Friday afternoon, Shawn Fain, president of the UAW, addressed workers at the Mercedes SUV plant in Vance, Alabama, after the union failed in a representation election (2,054 votes in favor, 2,642 against) many had expected them to win. He told them, “Justice isn’t about one vote or one campaign. It’s about getting a voice, getting your fair share.”

Go to Article
Excerpt from www.benzinga.com


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Ford Motor Co. (NYSE:F) has reportedly provided its support for the Biden administration’s initiative to significantly reduce vehicle emissions by 2032.

Go to Article
Excerpt from www.foxbusiness.com

 

Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are “about ready to crack” on Monday, adding that the Biden administration’s alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up.

“What I’ve seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they’re about ready to crack,” he told FOX Business’ Maria Bartiromo.

Go to Article
Excerpt from timesofindia.indiatimes.com

Chinese tech giants Alibaba and Baidu have reduced the prices of their large-language models (LLMs). Other companies and developers in China use these models to train their generative artificial intelligence (AI) products. This move comes as a price war in the cloud computing sector heats up in China.

According to a report by the news agency Reuters, Alibaba’s cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. For example, the report claims that after the price cut, the company’s Qwen-Long model will cost only 0.0005 yuan per 1,000 tokens (units of data processed by the LLM). This price cut will reportedly bring down the cost from 0.02 yuan (Rs 0.23) per 1,000 tokens.

Go to Article
Excerpt from worldscreen.com

Nielsen has launched a new cross-platform media measurement tool, which found that The Walt Disney Company accounted for 11.5 percent of all TV viewing in the U.S. last month, ahead of YouTube at 9.6 percent.

More than 40 percent of Disney’s share was attributable to Disney+ and Hulu, per the Nielsen’s first report of The Media Distributor Gauge. Behind YouTube in third place was NBCUniversal at 8.9 percent, with Paramount at 8.8 percent and Warner Bros. Discovery at 8.1 percent. Netflix fell just outside of the top five at 7.6 percent, with FOX at 6.1 percent. Per Nielsen, 14 media companies reached a 1 percent or greater share of TV usage, including Prime Video, boosted by Fallout, with a gain of 12 percent to reach 3.2 percent of viewing; Scripps (2.3 percent), Weigel (1.5 percent), The Roku Channel (1.4 percent), A+E Networks (1.3 percent), Hallmark Media (1.2 percent) and AMC Networks (1.1 percent).

Go to Article
Excerpt from www.the-sun.com

TARGET customers have revealed they are doing what they can to avoid the store after the retailer continues to increase anti-theft measures.

Customers have revealed that Target‘s anti-theft measure of locking up merchandise has turned them off from the store.

Anti-theft measures are turning customers off from TargetCredit: Getty
Target’s anti-theft measures were said to ‘take the fun out of the experience’

Go to Article
Excerpt from fortune.com

 

President Joe Biden, aiming to highlight his legislative accomplishments this election year, traveled to New Hampshire on Tuesday to discuss how he’s helped military veterans get benefits as a result of burn pit or other toxic exposure during their service.

“We can never fully thank you for all the sacrifices you’ve made,” Biden said to the veterans and their families gathered at a YMCA. “In America, we leave no veteran behind. That’s our motto.”

In raw numbers, more than 1 million claims have been granted to veterans since Biden signed the so-called PACT Act into law in August 2022, the administration said Tuesday. That amounts to about 888,000 veterans and survivors in all 50 states who have been able to receive disability benefits under the law.

Go to Article
Excerpt from www.pressdemocrat.com

NEW YORK — Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation, will step down from his post once a successor is appointed, the White House said Monday.

Gruenberg’s announced departure comes after damning report about the agency’s toxic workplace culture was released earlier this month and political pressure from the top Democrat on the Senate Banking Committee, who called for his resignation earlier in the day.

In a statement, the White House said that President Joe Biden will name a replacement for Gruenberg “soon” and called for the Senate to quickly confirm the person’s nomination.

Go to Article
Excerpt from insidethemagic.net

…. Disneyland’s character performers were so disappointed in Disney’s treatment of them that they recently decided to hold a vote to unionize. Many of Disneyland’s cast members are already part of a union, so this is not so unusual. Disneyland’s character performers simply wanted to have the support of a union so they could voice their concerns and air their grievances without fear of retribution.

On Saturday, May 18, a union vote was held, and the performers overwhelmingly voted YES. Disneyland’s character performers will now be a part of the Actors’ Equity Association, which represents many performers who work on Broadway.

Per The Hollywood Reporter:

“They say that Disneyland is ‘the place where dreams come true,’ and for the Disney cast members who have worked to organize a union, their dream came true today,” Actors’ Equity Association president Kate Shindle said in a statement on Saturday. “The next step will be to collaborate with them about improving health & safety, wages, benefits, working conditions and job security. After that we will meet with representatives of the Walt Disney Company to negotiate those priorities into a first contract.”

 

?u=https%3A%2F%2Ffarm4.staticflickr.com%2F3575%2F3309947407_dc470f2214_z.jpg&f=1&nofb=1&ipt=5095da3a173bb0b98af607f9843513577d667bf43e3ad1b506a45a90df54f876&ipo=images

The American Seaford restaurant icon, Red Lobster, has announced plans to file for Chapter 11 bankruptcy in an effort to overcome over $1 billion in debt. It is expected that the majority of restaurants will close over the coming weeks, but no clear closure plan has been yet released.

Red Lobster CEO Jonathan Tibus said of the decision, “This restructuring is the best path forward for Red Lobster. It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth. The support we’ve received from our lenders and vendors will help ensure that we can complete the sale process quickly and efficiently while remaining focused on our employees and guests.”

Go to Article
Excerpt from thepostmillennial.com

On Sunday, Red Lobster announced that it had filed for Chapter 11 bankruptcy and secured $100 million in debtor-in-possession financing commitments from existing lenders. The company was over $1 billion in debt.

The seafood chain noted that while remaining restaurants will continue operating during the proceedings, the number of locations is set to be drastically reduced in the coming weeks.

In a press release, Red Lobster explained that it had entered into a “stalking horse purchase agreement,” meaning the company “will sell its business to an entity formed and controlled by its existing term lenders.”

?u=https%3A%2F%2Fpromisglauben.de%2Fwp-content%2Fuploads%2F2023%2F02%2FHarrison_Butker.jpg&f=1&nofb=1&ipt=5acded8d3e4c0244b615d690a8a991396ed9fceaafdc7bd557da91c160be542a&ipo=images

Kansas City Chiefs’ Kicker Harrison Butker went viral after delivering a graduation speech to a private Catholic University that calls out anti-family, anti-heteronormative woke culture and calls on women to choose Motherhood over a corporate career. While the NFL condemned the speech, others have rallied in support of the kicker, including making his jersey the number one selling jersey in the NFL.

The MSM has been busy mischaracterizing his speech and pretending that it is the social norm to be outraged that some believe a woman’s best future might be, on average, being a Mom, not a CEO. One response from a tone-deaf anti-Americanist leftist, Gayle King, was to insist a man should lose his millionaire job for daring to say women should be mothers. She screeched, “I think everybody has the right to be wrong or hold opinions that others feel are wrong, but he has a right to say what he believes. But it is — it is — was very antiquated thinking, I think, in 2024. But a lot of people — a lot of people feel the way he does. The fact that he got a standing ovation, I think, says a lot.”

Go to Article
Excerpt from www.sportskeeda.com

Why is Harrison Butker getting ‘canceled’? Exploring reasons for backlash on Chiefs kicker after viral commencement …  Sportskeeda

 

Go to Article
Excerpt from www.newsbusters.org

On Friday, CBS finally joined the virulently anti-family liberal media’s rhetorical lynch mob fighting to convict Kansas City Chiefs kicker Harrison Butker in the court of public opinion with a discussion during CBS Mornings and, while ABC moved on, NBC’s Today upped the intensity of its disgusting and hypocritical venom toward a speech about the importance of the family.

In other words, Butker stood up for something the three co-hosts on Today have personally and repeatedly discussed is paramount to their lives. Instead of scorning him, they could have mentioned the numerous charities Butker has supported, include Foster’s Outriders charity (which our Craig Bannister explained here).

CBS roped Butker into their “Talk of the Table” segment with fill-in featured co-host Nancy Chen claiming Butker “seemed to dismiss women with career goals.”

Oof. We’re already off to a bad start. Butker said, in fact, nothing of the sort of instead argued many of the female graduates would come to see motherhood and marriage as their greatest accomplishment.

Co-host and Democratic donor Gayle King and co-host Nate Burleson went first, opining Butker shouldn’t lose his job.

Go to Article
Excerpt from amgreatness.com

The Bishop of the Catholic Diocese of Kansas City–Saint Joseph has issued a statement voicing support for Kansas City Chief’s kicker Harrison Butker and his “right to share his faith and express his opinions.”

Since his commencement speech, Butker has seen his words get distorted in the media and has faced enraged calls for his dismissal from the team.  The NFL put out a statement distancing itself from player, and espousing a “commitment to inclusion.”

The official X account of the city of Kansas City even went so far as to partially doxx Butker, prompting Missouri Attorney General Andrew Bailey to launch an investigation into the Mayor’s office.

In a statement to the Catholic News Agency (CNA) Thursday, Bishop James V. Johnston defended the devout KC kicker.

“Harrison Butker’s passion for his Catholic faith and his family are beautiful and well known,” Johnston said.  “And like most people, he also has strong opinions on where we are as a Church and as a nation.”

Johnston continued:  “The Catholic Church believes that God calls everyone to pursue holiness no matter what path they take. As St. Paul notes, that diversity of callings and vocations is essential to the life and mission of the Church.”

?u=https%3A%2F%2Fwww.bundabergnow.com%2Fwp-content%2Fuploads%2F2020%2F02%2Fchinaship-1068x712.jpg&f=1&nofb=1&ipt=4bc64738eca5dd72f3c2005c98d0a40fff4fb721319e6e9a76aca6f81ea8f4de&ipo=images

Go to Article
Excerpt from english.hani.co.kr

One of Korea’s top three shipyards, located in Geoje, South Gyeongsang Province. (Yonhap)

Reports have shown that China’s competitiveness in the shipbuilding sector has, for the first time, surpassed that of South Korea. While Korea’s shipbuilding industry is booming thanks to a string of orders for liquefied natural gas (LNG) carriers, alarm bells are ringing over China’s rising competitiveness. The alarms also serve as a warning: Measuring competitiveness by total orders or specific orders of vessels alone may be misleading.

In a report released Monday, the Korea Institute for Industrial Economics and Trade (KIET) said that South Korea had “ceded its top spot in the shipbuilding industry’s value chain competitiveness to China in 2023.”

The report concerned the lagging competitiveness of South Korea’s shipbuilding value chain and explored possible directions for South Korea’s maritime strategy going forward.

Disney and Warner Brothers Discovery have announced plans to merge three streaming services, Disney +, Hulu, and Max. The new streaming giant hopes to be unveiled at the start of summer 2024.

Joe Earley, President, Direct to Consumer, Disney Entertainment, said of the merger “On the heels of the very successful launch of Hulu on Disney+, this new bundle with Max will offer subscribers even more choice and value. This incredible new partnership puts subscribers first, giving them access to blockbuster films, originals, and three massive libraries featuring the very best brands and entertainment in streaming today.”

Go to Article
Excerpt from www.jedinews.com

As the streaming wars hot up, Disney Entertainment and Warner Bros. Discovery have announced a new streaming bundle that includes Disney+, Hulu and Max, available this Summer in the USA, providing subscribers with an unprecedented selection of content.

Disney Entertainment and Warner Bros. Discovery announced a new streaming bundle that includes Disney+, Hulu and Max. Beginning this Summer in the U.S, the streaming services will be offered together, providing subscribers with the best value in entertainment and an unprecedented selection of content from the biggest and most beloved brands in entertainment including ABC, CNN, DC, Discovery, Disney, Food Network, FX, HBO, HGTV, Hulu, Marvel, Pixar, Searchlight, Warner Bros., and many more.

The new bundle will be available for purchase on any of the three streaming platform’s websites and offered as both an ad-supported and ad-free plan.

 

Go to Article
Excerpt from townhall.com

Transportation Secretary Pete Buttigieg said he was left “speechless” by a lawsuit from major airlines over a new rule requiring them to disclose added fees on purchases, a move conservatives argue will undermine consumer interests.

“We just issued a rule requiring airlines to inform you, before you buy a ticket, of fees they will charge you,” Buttigieg said Tuesday on X. “Now, the airline lobby is suing us, saying that if you have the right to that information it will ‘confuse’ you. For once, I am speechless.”

Go to Article
Excerpt from www.pymnts.com

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers.

Almost everything boils down to the decision that will come down from the Supreme Court — a decision that will determine whether the agency can exist at all.

In terms of the timeframe, the decision is widely expected to be imminent, with some media sites reporting that the decision on the constitutionality of the CFPB’s funding might be handed down as soon as this week. There’s no hard and fast schedule here, as decisions can be made as late as the last day of the term, which stretches into late June or early July.

The when may be a question mark, but the impact of the decision on the financial services industry may be nothing short of seismic.

Go to Article
Excerpt from www.westernjournal.com

The Justice Department has said Boeing could face criminal prosecution because it did not live up to its word.

In 2021, Boeing signed an agreement that avoided criminal prosecution connected with two 737 MAX crashes in 2018 and 2019 that killed 346 people.

On Tuesday, the Justice Department wrote the judge responsible for overseeing the 2021 agreement that “the Government has determined that Boeing breached its obligations” under a deferred prosecution agreement  “by failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations.”