Author: News Room

Amid deeply troubling public employee recruitment and retention challenges, the Alaska Senate recently passed a bill to return public employees to a defined benefit pension plan. This would reverse a 2005 decision that closed Alaska’s two statewide pension plans to new hires. I’m in Alaska this week meeting with stakeholders and sharing the findings from a recent NIRS report requested by the Alaska Department of Education on teacher recruitment and retention as the legislative session quickly approaches its 2024 conclusion. Over the course of this week, I intend to share my observations from what are proving to be highly interesting…

Fox News on Tuesday removed a six-part Hunter Biden miniseries from its streaming platform, after his attorneys threatened to sue the right-wing network over the incendiary and at-times sexually explicit program about his legal troubles. The removal is a swift response from the conservative media juggernaut, whose spokespeople were defending the material as recently as Tuesday morning. “This program was produced in and has been available since 2022,” a Fox News Media spokesperson said in a statement. “We are reviewing the concerns that have just been raised and – out of an abundance of caution in the interim – have taken it…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the EV market.Musk announced internally on Monday that the head of the superchargers group, Rebecca Tinucci, and Daniel Ho, head of new products, would be leaving along with their entire teams. About 500 people were in the supercharger group, the memo said. Tesla’s supercharger system is among the largest…

Tenet Healthcare Corporation (NYSE:THC) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Will McDowell – VP, IRSaum Sutaria – Chairman and CEOSun Park – EVP and CFO Conference Call Participants Kevin Fischbeck – Bank of AmericaJustin Lake – Wolfe ResearchStephen Baxter – Wells FargoPito Chickering – Deutsche BankJason Cassorla – CitiBen Hendrix – RBC Capital MarketsJosh Raskin – Nephron ResearchWhit Mayo – Leerink PartnersA.J. Rice – UBSAndrew Mok – BarclaysSarah James – Cantor FitzgeraldCal Sternick – JPMorgan ChaseBrian Tanquilut – JefferiesAnn Hynes – Mizuho Securities Operator Good morning. Welcome to Tenet Healthcare’s First Quarter 2024…

Last updated: April 30, 2024 12:45 EDT | 2 min read Popular blockchain investigator PeckShieldAlert reported on April 30 that an address associated with the notorious Poloniex hacker transferred 501 BTC, valued at roughly $32 million, to three new wallet addresses. The move appears to be an attempt to conceal the origin of the stolen funds.Poloniex Hacker Continues Efforts to Conceal FundsPeckShieldAlert revealed that the largest Bitcoin transaction executed by the Poloniex hacker involved the transfer of 486.62 BTC, approximately $30.8 million, to a single address.Two smaller amounts of 10 BTC and 5 BTC, valued at around $623,000 and $316,000,…

Walmart, the largest retailer in the United States, will close all 51 of its health care centers in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its superstores that offered primary and urgent care, labs, X-rays, behavioral health and dental work — Arkansas, Florida, Georgia, Illinois, Missouri and Texas. Walmart believed it could use its massive financial scale and store base to offer convenient, low-cost services to patients in rural and underserved areas that lacked primary care options. But the…

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations for first-quarter adjusted earnings. The Indianapolis-based drugmaker also lifted its full-year guidance for adjusted earnings and revenue. 3M — Shares jumped 4% after the maker of industrial products and adhesives posted earnings of $2.39 per share on revenue of $7.72 billion, topping analysts’ estimate of $2.10 per share on revenue of $7.63 billion, according to LSEG. PayPal — Shares gained 3.6% after the payment company posted $7.70 billion in first-quarter…

The volatility in the bond market has had equity investors on their toes for months, but at what point will rising yields spoil stocks’ 2024 rally?The answer is 5% on the 10-year Treasury yield, according to Goldman Sachs. In a new 19-page paper using market data since the 1980s, the Wall Street firm said when that threshold is reached, the correlation between bond yields and stocks turns negative.”While there is no ‘magic number’, historically bond yields at around 5% is when higher yields become a clear problem for equities — that is the point where the correlation with bond yields…

Student loan debt has been an ongoing discussion among Americans for years as the debt balance continues to grow. The country’s total student loan debt now sits at $1.6 trillion, according to Federal Reserve Bank of New York data. These debts are overwhelming for many borrowers. Nearly 94% of respondents to a Credit and Debt survey expressed significant worry about their ability to repay their student loans. An additional 65% said their monthly payments are already unaffordable.It’s not for lack of trying either. Many borrowers want to pay off their debt, the survey found. About 92% of survey respondents said…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.125% as of April 2, which is 0.125 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea…