A recent scandal involving Rep. Henry Cuellar, D-Texas has rocked the political sphere, shedding light on a case of alleged bribery and corruption. Two key political operatives connected to Cuellar, Mina Colin Strother and Florencio “Lencho” Rendon, have agreed to plead guilty and cooperate with the Justice Department in their investigation. The indictment accuses Cuellar
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Tesla, known for its innovative electric vehicles and renewable energy solutions, is now facing allegations of union busting in its Buffalo, New York plant. The National Labor Relations Board has filed a complaint accusing Tesla of taking steps to discourage its employees from forming or joining a union. This complaint, brought forth by the NLRB’s
Belgium’s AB InBev saw a 5% rise in its shares on Wednesday morning following the release of its first-quarter results. The company reported higher revenue and profit, with a 2.6% increase in revenue year-on-year to $14.55 billion. Analysts noted that this growth narrowly exceeded expectations, despite a 0.6% decrease in the volume of beer sold.
Spinoff stocks have been performing exceptionally well in 2024, outshining the broader market by a significant margin. The General Electric aviation and energy split, which resulted in the creation of GE Vernova, has seen shares surge by more than 23% since its inception. This trend is not limited to a few isolated cases – 15
The dream of homeownership is becoming more elusive for renters, as highlighted by a recent New York Federal Reserve survey. The survey revealed that only 13.4% of renters in February had hopes of achieving “residential mobility” – a significant decline from previous years. This pessimism is fueled by a combination of factors that are making
Warren Buffett recently addressed Berkshire Hathaway shareholders about the future of the conglomerate he built, focusing on the succession plan once he is no longer at the helm. With Buffett turning 94 soon, thoughts of succession have been on the minds of many investors, especially after the passing of his long-time friend and business partner,
Recently, a California man named Mark Schultz was indicted for threatening Fulton County District Attorney Fani Willis. Schultz, 66, made violent and racist comments towards Willis on YouTube livestream videos in October. These threats included statements like “FANI WILLIS WILL BE DEAD IN 2024” and other derogatory remarks. The threats against Willis are especially concerning
The recent announcement by the Securities and Exchange Commission (SEC) regarding the auditing firm for Trump Media has sent shockwaves through the financial world. The auditing firm, BF Borgers CPA, and its owner, Benjamin Borgers, were charged with “massive fraud” by the SEC for their work that impacted over 1,500 SEC filings. The federal regulator
The Warehouse Worker Protection Act, introduced by Democratic Sen. Ed Markey, aims to regulate the use of productivity quotas by warehouse employers, most notably Amazon. The bill is designed to address concerns regarding the well-being of employees, particularly in relation to working conditions and the enforcement of quotas. One of the key aspects of the
As the Federal Reserve prepares for its upcoming monetary policy decision, the debate over whether to cut interest rates continues to loom. Fund manager Freddie Lait suggests that the only reason the Fed might consider a rate cut would be to help the U.S. cover interest payments for its national debt. Despite this, the current