Homeless people consume illegal drugs in an encampment along Willow St. in the Tenderloin district of downtown on Thursday, Feb. 24, 2022 in San Francisco, CA. Gary Coronado | Los Angeles Times | Getty ImagesAcross California, homeless encampments on city streets, in public parks and beneath highways have become among the most visible symbols of the state’s overwhelming challenges with affordable housing. Government officials are now using their newfound power to take on the problem.In late June, the U.S. Supreme Court ruled 6-3, with the conservative majority voting together, that cities are allowed to enforce fines and make arrests for public…
Author: usaeverydaylife
A young woman working at a table in a garden.Ute Grabowsky | Photothek | Getty ImagesAustralia has become the latest country to allow employees the “right to disconnect” from work, a measure that has so far been implemented mostly in European nations.Under the new legislation, that came into effect on Monday, organizations are not allowed to punish employees for not picking up their phone or responding to emails outside of work hours. This means that while employers and third-party clients can still make contact with their staff beyond paid hours, workers now have the legal right to refuse to respond —…
For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with top-tier accommodations, high-end shopping and restaurants.But where to stay, shop and eat in a city that has so many options?CNBC’s “First Class” series takes viewers into the city’s top hotels and Michelin-starred restaurants, with an insider’s look into The Shoppes at Marina Bay Sands, home to an underwater tunnel that connects the main building to a floating Louis Vuitton store.Watch the video above for more details on how to travel in style in Singapore. Source link
CFOTO | Future Publishing | Getty ImagesNvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations.Nvidia returned $15.4 billion to shareholders in share repurposes and cash dividends as part of the company’s first half of its fiscal 2025. The company said it had $7.5 billion remaining under its share repurchase plan, as of the end of its fiscal second quarter.Last year, Nvidia announced a $25 billion share buyback as…
The semiconductor sector has been under pressure, but Morgan Stanley sees opportunities in one corner: the bonder market. It’s a market that involves the production of integrated circuits and microelectronic components and is driven in part by the demand for electronics such as smartphones and electric vehicles. “Overall cycle is recovering slowly and equipment vendors with higher advanced packaging exposure should outgrow peers in 2H24 … We remain optimistic about the bonder market due to a combination of cyclical and secular tailwinds,” investment bank’s analysts wrote in an Aug. 22 research note. “The cyclical recovery that many were expecting in…
Images By Tang Ming Tung | Digitalvision | Getty ImagesEmployers are increasingly putting workers’ 401(k) plan savings on autopilot.But the positive impact of automated retirement savings is more muted than initially thought, new research finds.Previously “underexamined” factors — like workers cashing out 401(k) balances when they leave a job — “meaningfully reduce” the long-term impact of policies like automatic enrollment and automatic escalation, according to a new paper published by the National Bureau of Economic Research.Importantly, some of the paper’s co-authors — James Choi of Yale University, and David Laibson and John Beshears of Harvard University — are behavioral economists…
Jaque Silva | Lightrocket | Getty ImagesAffirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.Here’s how the company did, compared to analysts’ consensus estimates from LSEG.Loss per share: 14 cents adjusted vs. 51 cents expectedRevenue: $659 million vs. $604 million expectedAffirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earlier. GMV is a key industry metric that helps gauge the total value of transactions over the reporting window.Revenue climbed 48% from a year earlier, and Affirm’s net loss…
Within each sector there will be winners and losers…even technology this year. I’ll review a speculative options trade on one of those losers. Semiconductor companies such as Marvell, Broadcom, and Nvidia have been on a tear this year. However, some software and IT services companies could have done better. MongoDB Inc (MDB) is a perfect example, down nearly 40% year-to-date. MongoDB is a technology company that develops and provides commercial support for the MongoDB database, an open-source, NoSQL (non-relational) database management system. Unlike traditional relational databases that store data in tables with rows and columns, MongoDB uses a flexible, document-oriented…
RBC’s Helima Croft joins ‘Fast Money’ from Jackson Hole to discuss the current state of global oil markets. Source link
Amanda Edwards | Getty Images Entertainment | Getty ImagesIn Middletown, Ohio, a line of fans snaked around the Skateway’s parking lot on Presidents Day. Traffic backed up on the main street out front. A pizza truck lumbered into the already crowded lot to deliver some pies. A crowd of predominantly young girls showed off Taylor Swift-themed bracelets and sang “Shake It Off.”The atmosphere had all the trappings of an Eras Tour stop. Except the singer was nowhere in sight.But that didn’t matter to the crowds of people who attended. And it didn’t matter to the rink owners. Over 300 skaters and…
