Author: News Room

Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. The complaint accuses Google of retaliating against the workers for their “protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work.” The workers are seeking reinstatement of their jobs and back pay, according to No Tech for Apartheid, a group made up in part by Google and…

Focus now on labor report, says Morgan Stanley’s Jim CaronThe market is anticipating the Federal Reserve’s first rate cut will come in December, yet many forecasters are thinking July, said Jim Caron, chief investment officer of the portfolio solutions group at Morgan Stanley Investment Management. For Caron, the answer will come down to what happens with the labor market. “The fly in the ointment is going to be the labor report. If the labor market starts to weaken, I think that advances the time scale for the Fed to start to cut earlier,” Caron said on CNBC’s “Power Lunch. “If…

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned.The Core unit is responsible for building the technical foundation behind the company’s flagship products and for protecting users’ online safety, according to Google’s website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles.At least 50 of the positions eliminated were in engineering at the company’s offices in Sunnyvale,…

The amount Americans believe they will need to retire comfortably has increased faster than inflation, but what they are saving has dropped, a recent survey said.  U.S. adults believe they will need at least $1.46 million to retire in style, according to a Northwestern Mutual survey. This figure is up 15% from the $1.27 million Americans said they needed last year. In 2020, survey respondents thought having $951,000 stashed away would provide a good enough cushion.  At the same time, the average amount Americans have saved for retirement dropped to $88,400 from $89,300 in 2023, and is more than $10,000 off its…

President Joe Biden’s new student debt elimination proposal would bring relief for millions more Americans, but a Penn Wharton Budget Model (PWBM) analysis shows it could add another $84 billion to an already costly plan. The Biden Administration released a formal proposal to provide student debt relief to over 30 million borrowers. The new plan also proposes to eliminate accrued interest for 23 million borrowers and automatically discharge debt for borrowers eligible for loan forgiveness under SAVE, closed school discharge or other forgiveness programs, even if not enrolled. Additionally, student debt for borrowers who entered repayment for 20 or more years would be discharged.…

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 7.000% as of April 1, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is also unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

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…