Evolve Bank CEO Bob Hartheimer booking photo.Source: Shelby County JailBob Hartheimer, CEO of Tennessee’s Evolve Bank & Trust, was fired after U.S. law enforcement officials caught him propositioning a law enforcement officer posing as a 15-year-old boy on gay dating app Grindr.On Oct. 19, an employee of the Federal Bureau of Investigation logged onto Grindr while pretending to be a teen boy, and a user called “Tomm” wrote a message to that person saying, “Hey any chance u would hu with an older and chill guy,” according to an affidavit from a special agent with the Federal Bureau of Investigation…
Author: usaeverydaylife
A UPS truck at the Palace Imports warehouse in Linden, New Jersey, US, on Wednesday, Aug. 27, 2025. Michael Nagle | Bloomberg | Getty ImagesAfter a wave of big companies announcing steep job cuts, many laid-off workers may face a financially difficult and uncertain period ahead.Amazon said on Tuesday that it would eliminate around 14,000 corporate positions, and the United Parcel Service, or UPS, said it had reduced its operational workforce by 34,000 jobs this year. On Wednesday, General Motors laid off roughly 1,700 workers, and Paramount terminated 1,000 people. The Trump administration has also threatened to fire thousands of federal…
Children play at the University of New Mexico-Taos Kids’ Campus, where child care will become free for all children starting Nov. 1, as New Mexico becomes the first U.S. state to provide free universal child care to all residents, in Ranchos de Taos, New Mexico, on March 4, 2025.Unm-taos Kids’ Campus | Via ReutersNew Mexico became on Saturday the first U.S. state to offer free child care to all residents in a bid to boost its economy and lift education and child welfare levels ranked the worst in the country.Under the program, families, regardless of income, can receive state vouchers…
The logo of Chinese-owned semiconductor company Nexperia is displayed at the chipmaker’s German facility, after the Dutch government seized control and auto industry bodies sounded the alarm over the possible impact on car production, in Hamburg, Germany, Oct. 23, 2025. Jonas Walzberg | ReutersNetherlands-based chipmaker Nexperia is at the heart of a standoff between the European Union, the U.S. and China that has triggered a near-crisis for global automakers.The Dutch government seized control of Nexperia, owned by the Chinese company Wingtech, in October, citing national security concerns. The move prompted Beijing to block Nexperia products from leaving China.Meetings are underway…
Bonds may be more than just a safe haven.BondBloxx ETFs’ Tony Kelly, a former Goldman Sachs Asset Management global ETF head, contends it’s where investors can also play offense due to the market backdrop.”It’s definitely getting more nuanced,” the firm’s co-founder told CNBC’s “ETF Edge” this week. “Advisors are being a bit more thoughtful because there is more opportunity in fixed income now that rates are no longer… close to zero [percent].”The Federal Reserve cut interest rates on Wednesday by a quarter point — its second move this year. The decision took its benchmark rate down to 3.75%-4%, a level that’s still…
Third-quarter earnings reports, the Federal Reserve’s latest rate decision, and developments in the China-U.S. trade war led to some wild swings in the stock market. However, all three benchmark gauges — the S & P 500 , Nasdaq , and Dow — managed to finish in the green for the week. The U.S. central bank on Wednesday delivered a widely expected quarter-point interest rate cut for the second time this year. Fed chairman Jerome Powell said that he’s committed to bringing inflation down to 2%. He also said that a December rate cut was not a foregone conclusion. There were…
Bank of America named several stocks that are well positioned ahead of the rest of earnings season. The Wall Street investment bank says companies like Uber are too attractive to ignore. Other buy-rated names screened by CNBC Pro include: Datadog , Doximity, RB Global and Futu. Doximity The social platform for physicians is firing on all cylinders, according to the Bank of America. Analyst Allen Lutz recently lifted his rating on the stock ahead of earnings in early November to buy from neutral. The firm conducted a recent study that says the company is a beneficiary of the Food and…
Food trucks have boomed in visibility and influence, but the road to success is getting rougher. According to a recent report from IBIS, food trucks are approaching the $3 billion annual revenue mark across over 92,000 businesses in the U.S. and are projected to keep growing over the next five years. But once seen as a scrappy alternative to brick-and-mortar restaurants, today’s mobile kitchens are navigating many of the same financial pressures that traditional restaurants are facing. While the total number of food trucks is projected to grow in the years ahead by 17%, revenue growth for 2025 is estimated…
U.S. President Donald Trump (R) meets with Canadian Prime Minister Mark Carney in the Oval Office of the White House on October 07, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesCanadian Prime Minister Mark Carney says he told Ontario Premier Doug Ford that he didn’t think the province should run the ad campaign that’s being blamed for ending trade talks with the U.S. When asked on Saturday what Ford’s response to that was, Carney said, “Well, you saw what came of it.”The prime minister also confirmed he did apologize to U.S. President Donald Trump because Trump was “offended” by…
Third-quarter earnings season continues next week, and several companies gearing up to share their latest financials have the wind at their back in terms of rising estimates from analysts, including Robinhood and Palantir Technologies . Corporate profits have been strong over the past few weeks, with 82% of the S & P 500 companies reporting numbers so far beating Wall Street consensus earnings estimates, FactSet data shows. Two of the most notable examples: Alphabet earlier this week notched revenue of $102.35 billion and earnings of $3.10 per share in its September quarter, topping analysts’ expectations of $99.89 billion and $2.33,…
