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Moneywatch

All articles tagged with #moneywatch

finance2 years ago

"January 2024: Top CD Rates Peak with 10-Year Highs and 6% APY Offers"

The article lists the 11 best 10-year CD rates for January 2024, highlighting the benefits of locking in a rate for a decade to protect against future rate fluctuations. The top options include Equitable Savings and Loan at 4.07% APY and Apple Federal Credit Union at 4.00% APY, with various minimum deposits and early withdrawal penalties. The piece emphasizes the advantage of consistent returns in an uncertain rate environment and encourages readers to consider these long-term investment opportunities for substantial interest earnings.

via CBS News|
##cdrates#finance
moneywatch2 years ago

"The Ripple Effects of Claudine Gay's Resignation on Academic Diversity Initiatives"

Billionaire hedge fund manager Bill Ackman has criticized diversity, equity, and inclusion (DEI) programs following the resignation of Harvard University President Claudine Gay. Ackman argues that DEI initiatives promote an "oppressor/oppressed framework" and aim for "equality of outcome" rather than "equality of opportunity," which he believes is misguided and inherently racist in implementation. This stance comes as many organizations are reportedly scaling back their DEI efforts, with some experts emphasizing the importance of distinguishing between the intent and execution of DEI programs. The debate continues on the effectiveness and future of DEI in corporate and academic institutions.

via CBS News|
##billackman#claudinegay
moneywatch2 years ago

"Federal Labor Board Accuses SpaceX of Illegally Retaliating Against Musk Critics"

The National Labor Relations Board (NLRB) has filed a complaint against SpaceX, alleging the company illegally fired eight employees who criticized CEO Elon Musk's behavior on social media. The workers had written an open letter denouncing Musk's "disparaging" and "sexually charged" comments and the company's handling of workplace issues such as sexism and harassment. The NLRB claims SpaceX also interrogated and created an impression of surveillance among employees, restricted letter distribution, and disparaged participation in the open letter. A hearing is set for March 5 unless SpaceX settles the case. This follows similar criticisms of Musk's leadership at another of his companies, X (formerly known as Twitter).

via CBS News|
##elonmusk#laborrights
moneywatch2 years ago

"New Year's Day 2024 Opening Guide: Hours for Major Retailers and Restaurants"

On New Year's Day, while some stores and restaurants maintain regular hours, others have limited hours or are closed. Major grocery stores like Big Y, Food Lion, and Kroger are open regular hours, while ALDI and Trader Joe's are closed. Superstores like Walmart and Target are open, but Costco is closed. Restaurants such as Chili's, Cracker Barrel, and Olive Garden operate on regular hours, with some like Chick-fil-A having limited hours. Drug stores like Walgreens and Rite Aid are open with varying hours, and CVS may have reduced hours or some closed locations. Customers are advised to check specific hours for their local stores and restaurants.

via CBS News|
##grocerystores#moneywatch
moneywatch2 years ago

"McKinsey Settles Opioid Claims with $78M Payout to Insurers and Benefit Plans"

Consulting firm McKinsey & Co. has agreed to a $78 million settlement with insurers and healthcare funds over allegations that its work with Purdue Pharma and other drug companies contributed to the opioid crisis. The settlement, pending judicial approval, will establish a fund to reimburse prescription opioid costs and addiction treatments. This follows McKinsey's previous settlements totaling nearly $830 million with U.S. states, territories, and local entities. Despite the settlements, McKinsey maintains that its past work was lawful and ceased advising on opioid-related business in 2019.

via CBS News|
##healthcarecosts#legalnews
moneywatch2 years ago

"DOJ Opts Out of Second Trial for Sam Bankman-Fried, Prioritizes Sentencing"

Prosecutors have decided not to pursue a second trial against FTX founder Sam Bankman-Fried, who was convicted in November of fraud charges involving at least $10 billion. The decision was made to avoid duplicating evidence and to expedite the resolution of the case, which is in the public interest, especially for the victims awaiting restitution. Bankman-Fried, facing decades in prison, will be sentenced on March 28 without the additional charges that were temporarily dropped due to extradition technicalities. The prosecution believes that a second trial would not affect the potential prison sentence length and emphasizes the need for a timely and just resolution for the victims.

via CBS News|
##cryptocurrencyfraud#ftx
moneywatch2 years ago

"Walmart Recalls High-Risk Magnetic Ball Sets Amid Choking Hazards and Injuries"

Walmart is recalling high-powered magnetic balls sold in 216-piece sets due to the risk of ingestion by children, which can cause serious internal injuries or death. The Consumer Product Safety Commission (CPSC) has reported multiple cases of injuries and deaths from swallowed magnets. The recalled product, sold online from February 2022 through April 2023, can be returned for a refund. This recall follows CPSC warnings about the dangers of toy magnet sets.

via CBS News|
##childsafety#cpsc