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dontmeantobepoliticalbut · 7 months

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In his op-ed for The Guardian, U.S. Sen. Bernie Sanders propels the American labor conversation forward by arguing for a 20% cut in the standard 40-hour workweek, without any loss in pay.

He points to the 480% increase in worker productivity since 1940, asserting that such gains have mainly enriched corporations while leaving the working class in a perpetual state of struggle.

Sanders' rallying cry resonates with the ongoing initiatives by labor unions, especially the United Auto Workers (UAW), which recently initiated strikes against major automotive companies such as Ford Motor Co., General Motors Co. and Stellantis. The UAW is also pushing for a four-day workweek while preserving the pay for a five-day week, a demand that Sanders supports. This is part of a long-running struggle by unions to balance productivity gains against working hours that has seen little progress over the years as real wages in the auto industry have declined by 17%.

Research backs the concept of a reduced workweek, with a study led by Boston College Professor Juliet Schor indicating that efficiency can increase without requiring workers to cram more tasks into fewer hours.

International examples provide practical confirmation. In France and Norway, shorter workweeks are either in place or under consideration. A U.K. pilot study involving 3,000 workers in over 60 companies demonstrated increased happiness and productivity with a four-day workweek, prompting 92% of the participating companies to adopt the new schedule permanently.

Public opinion in the United States is also aligning with this idea. A Morning Consult survey showed that 87% of employed adults in the U.S. are interested in a four-day workweek, and 82% believe it could work on a broader scale. Likewise, a study by 4 Day Week Global revealed that none of the companies participating in four-day workweek experiments in North America have plans to revert to a traditional five-day week.

Despite these positive indicators, Sanders acknowledges the uphill battle to win these changes. Any benefits for the working class won't be "easily handed over by the corporate elite," he said.

Yet, as automation and technological progress, like the anticipated efficiencies in electric vehicle manufacturing, continue to threaten traditional work structures, they also underscore the feasibility of a reduced workweek.

The synergy between the voice of labor unions, the American working class, international examples and influential policymakers like Sanders makes the vision of a four-day workweek not merely a pipe dream but a realistic, achievable objective that could reshape labor norms for future generations.

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elephantaday · 1 year

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Day 263 of posting pictures of elephants.

#I may have posted this one before???#elephants #cute animals #cuteness #elephant #adorable #image of the day #not my image #wildlife #cuteness overload #nature #Source: yahoo finance #i don't know why yahoo finance has photos of elephants??

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bodybybane · 22 days

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Lucy Boynton praises David Corenswet reunion on The Greatest Hits https://au.finance.yahoo.com/news/lucy-boynton-praises-david-corenswet-173500261.html

#yahoo news latest news & headlines #yahoonewstopics #yahoo news #yahoo #yahoo finance #lucy boynton #david corenswet #the greatest hits

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luxury-0-one · 4 months

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youtube

#las vegas sphere #finance #yahoo finance #luxury lifestyle #luxury #vacation #wealthy lifestyle #Youtube

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g1-28 · 3 months

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):.

#secrets of sulphur springs #yahoo finance

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havegaysex · 1 year

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Gen Zers are now ‘polyworking’ because holding down just one job doesn’t pay enough or give them the flexibility they want

Maybe if employers actually paid enough and gave a f*** about people we wouldn't have to be doing this

#antiwork #work #employment #job #labour #wage labor #labor #polywork #yahoo finance

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miverras · 6 months

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isthespiceoflife · 1 year

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ICYM: In Virgil's honor, on Sunday (Dec. 4) there was the "First Annual Abloh Skateboarding Invitational" in Miami, as Miami Art Week ended.

#hypebeast #gqstyle #skateboarding #skate culture #miami art week #virgil abloh #miami florida #yahoo finance

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irislove1997 · 2 years

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Common let’s blow my snap up don’t be lame 😒

#yahoo finance premium #beauty #aesthetic #business #illustration #photography

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stock-research-institute · 2 years

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[Saturday Preview] Tencent Music, Jingdong, Sea, Walmart Earnings Coming, What to Watch Next Week in US Stocks

U.S. stocks closed higher Friday as the S&P 500 rebounded from the edge of the bear market, led by technology stocks. But all three major stock indexes are down more than 2 percent for the week. Federal Reserve Chairman Jerome Powell dismissed market speculation about a 75 basis point rate hike. Twitter shares plunged as Musk said the acquisition of Twitter deal is on hold for now.

The Dow fell 2.14% for the week, the Nasdaq fell 2.80% and the S&P 500 fell 2.41%.

Translated with www.DeepL.com/Translator (free version)

01、 Giant dynamics

According to the U.S. stock research agency closing observation: May 13 EST U.S. three major stock indexes all rebounded. Among them, the Dow Jones Industrial Average rose 466.36 points, or 1.47%, to 32,196.66 points; Nasdaq Composite Index rose 434.04 points, or 3.82%, to 11,805.00 points; S&P 500 Index rose 93.81 points, or 2.39%, to 4,023.89 points.

China and the United States nine major technology giants TMAANMG and Tencent, Alibaba all rose, including Tesla rose 5.71%, Meta Platforms rose 3.86%, Apple rose 3.19%, Amazon rose 5.73%, Nvidia rose 9.47%, Microsoft rose 2.26%, Google rose 2.84%, Tencent rose 4.27%, Alibaba rose 2.75%.

02、 Next week's forecast

Next Monday (May 16)

The New York Fed Manufacturing Index for May will be released on the same day.

Sohu (SOHU) and Ghanxi Bio (GRCL) will release new earnings before the US stock market on the same day.

Tencent Music (TME), Take-Two Interactive Software (TTWO), YALA, and Dada Group (DADA) will release new earnings after the bell.

Next Tuesday (May 17)

The monthly rate of U.S. retail sales for April will be released on the same day.

U.S. April monthly industrial output rate will be released on the same day.

May NAHB housing market index will be released on the same day.

U.S. March monthly business inventories rate will be released on the same day.

Home Depot (HD), Walmart (WMT), Tiger (HUYA), Jingdong (JD), Sea (SE), and Xunlei (XNET) will report new earnings before the market on the same day.

QUIK will release new earnings after the bell on the same day.

Next Wednesday (May 18)

U.S. new housing starts for April will be released on the same day.

Total U.S. construction permits for April will be released on the same day.

EIA crude oil inventories for the week will be released on the same day.

U.S. EIA Strategic Petroleum Reserve Inventory for the current week will be released on the same day.

DoYU (DOYU), Target (TGT), Lloyds (LOW), and TJX (TJX) will report new earnings before the U.S. stock market on the same day.

Cisco (CSCO) and GDS (GDS) will release new earnings after the market on the same day.

Next Thursday (May 19)

U.S. Philadelphia Fed Manufacturing Index for May will be released on the same day.

U.S. April Total Home Sales annualized will be released on the same day.

U.S. initial jobless claims for the current week will be released on the same day.

U.S. EIA natural gas inventories for the current week will be released on the same day.

Vipshop (VIPS) and Kanan Technology (CAN) will release new earnings reports before the US market on the same day.

Applied Materials (AMAT) will release new earnings after the market on the same day.

Next Friday (May 20)

Misty Core Technology (RLX) will release new earnings on the same day before the market on U.S. stocks.

03、 Stocks to watch

Solid growth in core business, CIMB says Tencent Music's paid subscriber base growth in the medium to long term is worth looking forward to

It is reported that Tencent Music will release its first quarter earnings report for 2022 on May 17, Beijing time.

Securities institutions generally believe that the quarterly earnings report can achieve a smooth start, and maintain confidence in its usual solid performance. CIMB said that in the medium to long term, Tencent Music's growth in the number of paid online music users is worth looking forward to, and the company's ability to link Tencent's ecology, deep plowing for content and functional innovation is outstanding.

From Tencent Music's latest financial data disclosed to the public, Tencent Music's total annual revenue increased to 31.24 billion yuan in 2021, up 7.2% year-on-year; the company's net profit under non-IFRS (Non-IFRS) was 4.33 billion yuan, achieving 13 consecutive quarters of profitability.

As one of its core businesses, Tencent Music's online music business continued to grow steadily and achieved a new breakthrough in paid online music users. in the fourth quarter of 2021, Tencent Music's online music subscription revenue grew 23.5% year-on-year to RMB 1.95 billion, and paid online music users reached 76.2 million, up 36.1% year-on-year, including a net increase of 5 million sequentially. The paid rate reached 12.4%, up from 9.0% in the same period of 2020 and 11.2% in the third quarter of 2021.

In the general environment of Chinese stocks under pressure, based on the bullishness of Tencent Music's solid performance and long-term development, a number of securities institutions such as CITIC Securities, Axiom Securities, Huatai Securities and Guoyuan International still maintain a Hold rating on Tencent Music.

2, Jingdong to pay $2 billion special cash dividend, Goldman Sachs, Citi reiterate buy rating

In May, Goldman Sachs issued a research report, reiterating its buy rating on Jingdong Group and adding it to its "Conviction Buy" list due to Jingdong's leading retail footprint and unique self-managed (1P) online direct sales, as well as its industry-leading in-house warehousing and supply chain capabilities.

Jingdong earlier declared a special dividend of $0.63 per share, or $1.26 per American Depositary Share, the report said. The bank believes the special dividend reflects management's confidence in Jingdong's long-term growth potential and strong operations. The board of directors will consider measures, including dividend payments, to reward shareholders in the long term.

Citi also reiterated its "buy" rating on Jingdong (JD.US) in a research report with a price target of $97, viewing any share price weakness as a buying opportunity.

The bank sees the proposed $2 billion special cash dividend as positive and a sign that Jingdong is confident in its business outlook and ability to generate cash flow and wants to improve shareholder returns in a more flexible manner.

With a net cash balance of approximately $26.4 billion as of the end of 2021 and resilient fundamentals, the bank is confident in the company's strong capital capacity to maintain flexibility and support continued investment and shareholder returns, the report said. In addition BOE said it may continue to pay regular dividends in addition to its existing share repurchase program where appropriate.

3, Sea exit India after e-commerce business losses are expected to shrink, but there is macro uncertainty in Southeast Asia business

Sea Limited will announce its fiscal first quarter results on May 17 before the U.S. stock market.

Morgan Stanley analyst Mark Goodridge said: Continue to maintain Sea Limited (SE.US) "Hold" rating, the target price is still set at $ 220.

Morgan Stanley analyst Mark Goodridge sees this as "a clear positive" after Sea Limited announced yesterday the closure of its e-commerce business in India, Shopee India.

There are two key reasons for this: the risk/reward ratio of entering the Indian market is no longer attractive, and the exit is expected to help contain losses in its growing e-commerce business.

The analyst continues to view Sea as an "emerging super-application in Southeast Asia" and stresses that its e-commerce business is undervalued. The analyst currently has a "hold" rating on the stock and a $220 price target.

Meanwhile, Stifel lowered its price target on Southeast Asia Internet and mobile platform company Sea Limited (SE.US) to $160 from $200, and maintained a Buy rating on the stock.

Stifel analyst Scott Devitt lowered his Q1 and full-year estimates for Sea Limited, primarily due to macro uncertainty in the company's core markets, partially offset by higher expectations for digital financial services. To 40.2%.

4, Walmart launched Love & Sports brand betting on the sports market, increasing gasoline offers to attract Walmart+ members

US stock research agency learned that Walmart (WMT.US) will launch Love & Sports, a premium sportswear and swimming brand created by fashion designer Michelle Smith and SoulCycle coach Stacey Griffith, according to WisdomTree News.

The sportswear segment became hotter during the new crown epidemic, but also more competitive. Sales in the men's and women's apparel category rose from $52.3 billion in 2019 to $70.8 billion in 2021, a 35 percent increase in two years, according to the NPD Group.

However, as the category booms, so does the number of brands vying for market share, according to NPD, which shows the number of sportswear brands has climbed from 1,600 in 2014 to 2,400 in 2021. The segment includes Lulu Lemon (LULU.US) and Nike (NKE.US), as well as private labels launched by companies such as Target (TGT.US), Kohl's Department Store (KSS.US) and Dick's Sporting Goods.

NPD Group analyst Kristen classid-zummo believes sportswear will remain popular this year and beyond, but the growth rate will be lower than the double-digit rate in 2021. That will increase competition for the industry, she said.

In addition, as gas prices climb, Walmart (WMT.US) announced it will offer greater discounts on gasoline to drive more customers to join and renew their Walmart+ subscriptions.

Walmart+ members receive a 10-cent-per-gallon fuel discount at more than 14,000 gas stations. Walmart has offered fuel discounts before, but through its partnership with ExxonMobil (XOM.US), it has doubled the discount and more than quadrupled the number of eligible stations.

Chris Cracchiolo, senior vice president and general manager of Walmart+, said everyday expenses are a concern for many shoppers, "especially in a very high inflation environment." He said Walmart recently surveyed consumers, and about half said they are changing their behavior because of rising fuel prices.

With U.S. inflation at a 40-year high, Wal-Mart is using low prices as a competitive advantage. Wal-Mart CEO Doug McMillon said last year that the company would use inflation as an opportunity to win customers. That strategy carries over to Walmart+.

#investing #economy #finance #business #us stocks #stock #stock market #english ie talent #stocks #yahoo!

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dontmeantobepoliticalbut · 9 months

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As yet another insurance company is pulling back from issuing policies in Florida following a string of natural disasters, the state’s chief financial officer has accused the industry of pulling out not because of losses, but due to wokeness.

Jimmy Patronis, CFO of the state, lit into Farmers Insurance for its plans to leave the state on CNBC recently, saying “if they would just leave ESG [environmental, social, and corporate governance ] and put it away, and focus on the bottom line, they may not have made this decision to leave the state of Florida with the tail between their legs.”

“I do say they’re too woke,” he added. “I do call them the Bud Light of the insurance industry. I do feel like they have chaos in their C-suite.”

The accusations aren’t helping the state hang onto insurers, though. This week, AAA announced it would not renew the auto or homeowners policies of some customers in Florida, making it the fourth insurer in the past year to back away from the state. (Bankers Insurance and Lexington Insurance, a subsidiary of AIG, left Florida last year.)

All of the companies that have reduced or eliminated their presence in the state have said the string of local hurricanes, including last year’s catastrophic Hurricane Ian, have made it too expensive to cover residents of the state.

The shrinking number of insurance options and the growing number of disasters is hitting Floridians in the wallet. The average homeowner’s premium in the state costs over $4,000, compared to the U.S. average of $1,544, according to E&E News, a division of Politico that focuses on environmental and energy news.

The companies are leaving the state despite legislation meant to encourage them to stay. Last year, Florida created a $1 billion reinsurance fund and set up laws meant to prevent frivolous lawsuits.

Insurance companies have also stepped back from California, with AIG, Allstate and State Farm no longer taking new customers, as wildfires in that state have driven up costs.

This story was originally featured on Fortune.com

#us politics #news #fortune #yahoo! finance #yahoo news #2023 #florida #Jimmy Patronis #insurance companies #wokeness #natural disasters #Farmers Insurance #aaa insurance #Bankers Insurance #Lexington Insurance #global warming #climate change #climate emergency

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wilsonericblog · 2 years

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QZ Asset Management Reports Record Growth at Annual General Meeting

GUANGZHOU, China, July 6, 2022 – QZ Asset Management (“QZ” or the “Company”), a leading asset management firm in China, today announced that its annual general meeting (the “AGM”) was held in Guangzhou on June 30, 2022 and all the proposed resolutions set out in the notice of AGM were duly passed at the AGM. Key financial highlights for 2021 and the first quarter of 2022 were also disclosed. Mr. Blake Yeung, CEO of QZ Asset Management, told shareholders at the AGM that the company has posted exceptional results for 2021. He said, “We have achieved exceptional growth in 2021, ending the year with record assets under management of over CNY 50 billion. Trading profits are up 20% from 2020, delivering CNY 15 billion in investment returns for our clients while recording net inflows of CNY 10 billion into both index and index futures trading. Core earnings increased by 50%, driven by significant management fee growth, strong index trading profits, and our global expansion strategy.” 2021 Key Financials • Assets under management (AUM) increased by 89% to CNY 50.1 billion (31 Dec 2020: CNY 26.4 billion) • Positive investment performance of CNY 15.2 billion (2020: CNY 3.3 billion) • Net inflows of CNY 10.8 billion (2020: CNY 1.8 billion) • Asset weighted investment performance versus peers of +14.9% (2020: 4.2%) • Strong balance sheet position and liquidity support long-term growth prospects Blake added that the company ‘has continued to exceed targets for Q1 2022 and is currently on track to surpass 200% YoY growth by the end of 2022.’ “These results demonstrate the potential of index trading and our ability to deliver profitability. The success of QZ’s BDAI technology and our imminent move into high growth markets give me great confidence in our ability to continue to deliver value for our clients and shareholders.” All necessary shareholders’ approval in respect of the Company’s proposed entry into emerging markets has been obtained at the AGM. The strategic move, which is expected to commence in Q3 2022, will see QZ expand its operations into high growth markets. Blake explained, “We see tremendous potential in regions such as Africa and Latin America, with their large untapped markets and high digital acceptance. Now, with the ease of Covid-19 restrictions, it is the perfect time to venture into these markets as they recover from the global pandemic.” About QZ Asset Management. QZ Asset Management was founded in 2012 and is headquartered at Guangzhou with additional offices worldwide, led by a team of experienced investment professionals and analysts. The company is able to deliver 10 years of excellent trading record using proprietary BDAI (Big Data Artificial Intelligence) trading technology that is based on highly advanced real-time market intelligence and big data analytics. For investor and media inquiries, please contact: [email protected]

#writers #stocknews #yahoo finance #bloomberg #yahoo news latest news & headlines #marketwatch #finance #benzinga #associated press #amazon #amazon associates #google news #morningstar

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