NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Zeta Global Holdings Corp. (NYSE: ZETA) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Zeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp . Investors have until January 21, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zeta securities. The case is pending in the U.S. District Court for the Southern District of New York and is captioned Davoodi v. Zeta Global Holdings Corp. , et al. , No. 24-cv-08961. What is the Lawsuit About? Zeta is a cloud-based technology company that provides a marketing platform to assist marketers in acquiring customers. The complaint alleges that Zeta represented that its marketing platform was powered by the industry’s largest opted-in data set. On November 13, 2024, prominent investment research firm Culper Research published a report titled: “Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam.” Based on Culper’s investigation that included proprietary interviews with industry experts and former Zeta employees, the research firm found that Zeta’s data set had been generated from a network of “consent farms” – i.e., sham websites designed to gather consumer data under false pretenses or awards that did not exist. Culper Research further wrote that these consent farms drove almost the entirety of Zeta’s growth over the past 2+ years, representing 56% of its Adjusted EBITDA, and could result in devastating regulatory action. The news caused a significant decline in the price of Zeta stock. On November 13, 2024, the price of the company’s stock fell 37%, from a closing price of $28.22 per share on November 12, 2024, to $17.76 per share on November 13, 2024. Click here for more information: https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp . What Can You Do? If you invested in Zeta you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp Attorney advertising. Past results do not guarantee future outcomes.South Korea's president avoids an impeachment attempt over short-lived martial law
Trump offers support for dockworkers union by saying ports shouldn't install more automated systems
CNN's Van Jones admits Democrats are 'relieved' after Kamala's humiliating 'brat to flat' lossSouth Korea's president avoids an impeachment attempt over short-lived martial lawJust one day after layoffs at Ubisoft , Torn Banner, and Sweet Bandits put more than 300 people out of work , Friday the 13 th developer Illfonic has announced that it too is making cuts to its staff. "Today we had to accept the harsh reality that the state of the industry has impacted us here at Illfonic," co-founder and CEO Charles Brunghardt wrote in a message posted to LinkedIn . "It is with the heaviest of hearts that cuts to our teams had to be made today as we re-aligned to a refined strategy." Brunghardt didn't say how many employees were put out of work, but former community and social media manager Michael Robles said on LinkedIn that "a lot of very talented people were laid off." Illfonic was founded in 2007 and found success, despite some high-profile troubles, with Friday the 13 th : The Game. We quite liked it , and it was a success, selling almost two million copies over its first few months of release. But work was brought up short in 2018 by a dispute over ownership of the Friday the 13 th property. Illfonic's follow-up games did not fare as well. Ghostbusters: Spirits Unleashed was not great and failed to attract much of an audience, while the multiplayer horror game Killer Klowns From Outer Space , released earlier this year, was better received but also garnered little attention. Like yesterday's layoffs at Ubisoft, Torn Banner, and Sweet Bandits (and the late November shutdowns of Humanoid Origin and Worlds Untold ), these cuts seem especially brutal because of their proximity to the holidays. In the bigger picture, though, they represent an industry in a state of freefall, put there by Covid-19 mismanagement and the relentless pursuit of profit. As I said earlier today, because this keeps happening so often and so quickly, 2023 was awful and 2024 is set to be even worse: This kind of attrition is simply not sustainable, and yet at this point I don't have much hope that things are going to be meaningfully better in 2025. The biggest gaming news, reviews and hardware deals Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.
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Enzo Maresca ‘thankful’ for connection at Leicester ahead of return with ChelseaNEW YORK (AP) — Major League Baseball switched a pair of series involving the Tampa Bay Rays to the first two months of the season in an attempt to avoid summer rain at open-air Steinbrenner Field, their temporary home following damage to Tropicana Field. Tampa Bay is scheduled to play 19 of its first 22 games at home and 37 of 54 through May 28, then play 64 of its last 108 games on the road. The Rays are home for eight games each in July and August. A series scheduled at the Los Angeles Angels from April 7-9 will instead be played at Tampa, Florida, from April 8-10, MLB said Monday. The second series between the teams will be played at Anaheim, California, from Aug. 4-6 instead of at St. Petersburg, Florida, from Aug. 5-7. Minnesota's first series against the Rays will be played at Steinbrenner Field from May 26-28 and the Twins' second will be at Target Field in Minneapolis from July 4-6. Tampa Bay heads into the All-Star break with a 10-game trip to Minnesota, Detroit and Boston, and has a 12-game trip to the Angels, Seattle, Oakland and San Francisco from Aug. 4-17. Tropicana Field, the Rays’ home since the team started play in 1998, was heavily damaged by Hurricane Milton on Oct. 9 , with most of its fabric roof shredded. The Rays cannot return to the Trop until 2026 at the earliest, if at all. Tampa's average monthly rainfall from 1991 to 2020 was 2.25 inches in April and 2.60 in May , according to the National Weather Service, then rose to 7.37 in June , 7.75 in July and 9.03 in August before falling to 6.09 in September . The Class A Tampa Tarpons, the usual team at Steinbrenner Field, had six home postponements, two cancellations and four suspended games this year from June 21 through their season finale on Sept. 8. The Rays are now scheduled to play their first six games at home against Colorado and Pittsburgh, go to Texas for a three-game series, then return for a 13-game homestand against the Angels, Atlanta, Boston and the New York Yankees. The Tarpons will play their home games on a back field. AP MLB: https://apnews.com/
The Chairman of the New Patriotic Party (NPP) Birmingham Chapter Mr. Prince Kwadwo Osei, has praised the leadership of the National Health Insurance Authority (NHIA) for selecting Berekum Holy Family Hospital in the Bono Region as one of the facilities offering free dialysis sessions under the National Health Insurance Scheme (NHIS). In a statement issued from his base in Birmingham, Mr. Osei lauded the initiative ledChief Executive of the National Health Insurance Authority (NHIA), led by Dr. DaCosta Aboagye, describing it as both strategic and timely. He highlighted the significance of the decision, emphasizing that it would alleviate the burden on patients with renal issues in the Bono Region who previously had to travel to the Komfo Anokye Teaching Hospital in the Ashanti Region for treatment. “The proximity of Berekum to Sunyani, the Bono Regional capital, makes this choice an excellent one, as it will serve patients not only within Bono but also in parts of the Ahafo and Northern Regions,” he noted. Mr. Osei, affectionately known as One-in-Town, acknowledged that when Vice President Dr. Mahamudu Bawumia announced the free dialysis policy under the NHIS, many dismissed it as mere campaign rhetoric. However, he pointed out that its successful implementation on December 1, 2024, demonstrates the government’s commitment to delivering on its promises. He further credited Dr. Bawumia’s leadership and vision, stating, “Social intervention policies like this are among the reasons why Dr. Bawumia stands out as the best choice for Ghana. His track record as the most performing Vice President in Ghana’s political history, coupled with his unblemished integrity, makes him the ideal candidate for the December 7, 2024, general elections.” Mr. Osei also confirmed that free dialysis sessions commenced smoothly at the Berekum Holy Family Hospital, with officials from the NHIA’s national office present to oversee the rollout. “This marks a significant milestone and the icing on the cake,” he remarked. He expressed optimism that such policies would continue to enhance healthcare accessibility and improve the lives of Ghanaians across the country.NEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom. The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has hit an all-time high this year after climbing in 11 of the last 12 days . The Dow Jones Industrial Average rose 308 points, or 0.7%, while the Nasdaq composite added 1.3% to its own record. Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short. CEO Mark Benioff highlighted the company’s artificial-intelligence offering for customers, saying “the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale.” The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts’ expectations. All the optimistic talk helped Nvidia , the company whose chips are powering much of the move into AI, rally 3.5%. It was the strongest force pushing upward on the S&P 500 by far. They helped offset an 8.9% drop for Foot Locker, which reported profit and revenue that fell short of analysts’ expectations. CEO Mary Dillon said the company is taking a more cautious view, and it cut its forecasts for sales and profit this year. Dillon pointed to how keen customers are for discounts and how soft demand has been outside of Thanksgiving week and other key selling periods. Retailers overall have offered mixed signals about how resilient U.S. shoppers can remain. Their spending has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A narrower report released Wednesday morning suggested employers in the private sector increased their payrolls by less last month than economists expected. Hiring in manufacturing was the weakest since the spring, according to Nela Richardson, chief economist at ADP. The report strengthened traders’ expectations that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. The central bank had appeared set to continue cutting rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat. Trump’s preference for higher tariffs and other policies could lead to higher inflation , which could alter the Fed’s plans . Fed Chair Jerome Powell said Wednesday that the central bank can afford to cut rates cautiously because inflation has slowed from its peak two years ago and the economy remains sturdy. A separate report on Wednesday said health care, finance and other businesses in the U.S. services sector are continuing to grow, but not by as much as before and not by as much as economists expected. One respondent from the construction industry told the survey from the Institute for Supply Management that the Fed’s rate cuts haven't pulled down mortgage rates as much as hoped. Plus, “the unknown effect of tariffs clouds the future.” In the bond market, the yield on the 10-year Treasury fell to 4.18% from 4.23% late Tuesday. On Wall Street, Campbell’s sank 6.2% for one of the S&P 500’s sharper losses despite increasing its dividend and reporting a stronger profit than analysts expected. Its revenue fell short of Wall Street’s expectations, and the National Football League’s Washington Commanders hired Campbell’s CEO Mark Clouse as its team president. Gains for airline stocks helped offset that drop after JetBlue Airways said it saw stronger bookings for travel in November and December following the presidential election. It also said it’s benefiting from lower fuel prices, as well as lower costs due to improved on-time performance. JetBlue jumped 8.3%, while Southwest Airlines climbed 3.5%. All told, the S&P 500 rose 36.61 points to 6,086.49. The Dow climbed 308.51 to 45,014.04, and the Nasdaq composite rallied 254.21 to 19,735.12. In stock markets abroad, South Korea’s Kospi sank 1.4% following a night full of drama in Seoul. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. He revoked the martial law declaration six hours later. In the crypto market , bitcoin climbed near $99,000 after Trump said he would nominate Paul Atkins , a cryptocurrency advocate, to chair the Securities and Exchange Commission. AP Writers Matt Ott and Zimo Zhong contributed.OpenAI is partnering with defense tech company AndurilNone
Congressional bicameral team pushes for insurance, pharmaceutical reformBitcoin Is Surging Toward $100,000. Why That's Set To Unleash A New Wave Of Buyers.
The champions had descended into crisis after a run of seven games without a win – six of which were defeats and the other an embarrassing 3-3 draw after leading 3-0. Four of those losses had come in the Premier League, heavily damaging their chances of claiming a fifth successive title, but they appeared to turn the corner by sweeping Forest aside at the Etihad Stadium. “We needed it,” said City manager Guardiola. “The club, the players, everyone needed to win. “But it is just one game and in three days we are at Selhurst Park, where it has always been difficult. “We played good. We still conceded some transitions and missed some easy things and lost some passes that you have to avoid, but in general, the most important thing was to break this routine of not winning games and we won it.” Kevin De Bruyne, making his first start since September after overcoming a pelvic injury, made a huge difference to a side that appeared rejuvenated. His powerful header was turned in by Bernardo Silva for the opening goal and the Belgian followed up with a powerful strike to make it 2-0. The 33-year-old is out of contract at the end of the season but it was a strong riposte to recent suggestions of a rift with Guardiola. A sweet strike 💥 ⚡️ | — Manchester City (@ManCity) “I’m so happy for him,” said Guardiola of De Bruyne’s telling contribution. “Last season he was many months injured and this season as well. “I’m so happy he’s back. He fought a lot, he’s worked and he’s back with his physicality. The minutes he played in Anfield were really good and today he played 75 fantastic minutes.” Jeremy Doku wrapped up a pleasing win when he finished a rapid counter-attack just before the hour but there was still a downside for City with injuries to defenders Nathan Ake and Manuel Akanji. Guardiola said: “For Nathan it doesn’t look good and Manu has struggled a lot over the last two months. We will see. “Phil (Foden) has bronchitis but when he doesn’t have fever he will be ready.” Despite City’s dominance, Forest did have some bright moments and manager Nuno Espirito Santo was not downbeat. He said: “When you lose 3-0 and you say it was a good performance maybe people don’t understand, but I will not say that was a bad performance. “There are positive things for us in the game. Of course there are a lot of bad things, mistakes, but we had chances. “We didn’t achieve but I think we come out proud of ourselves because we tried. For sure, this game will allow us to grow.”NEW YORK (AP) — Major League Baseball switched a pair of series involving the Tampa Bay Rays to the first two months of the season in an attempt to avoid summer rain at open-air Steinbrenner Field, their temporary home following damage to Tropicana Field. Tampa Bay is scheduled to play 19 of its first 22 games at home and 37 of 54 through May 28, then play 64 of its last 108 games on the road. The Rays are home for eight games each in July and August. A series scheduled at the Los Angeles Angels from April 7-9 will instead be played at Tampa, Florida, from April 8-10, MLB said Monday. The second series between the teams will be played at Anaheim, California, from Aug. 4-6 instead of at St. Petersburg, Florida, from Aug. 5-7. Minnesota's first series against the Rays will be played at Steinbrenner Field from May 26-28 and the Twins' second will be at Target Field in Minneapolis from July 4-6. Tampa Bay heads into the All-Star break with a 10-game trip to Minnesota, Detroit and Boston, and has a 12-game trip to the Angels, Seattle, Oakland and San Francisco from Aug. 4-17. Tropicana Field, the Rays’ home since the team started play in 1998, was heavily damaged by Hurricane Milton on Oct. 9 , with most of its fabric roof shredded. The Rays cannot return to the Trop until 2026 at the earliest, if at all. Tampa's average monthly rainfall from 1991 to 2020 was 2.25 inches in April and 2.60 in May , according to the National Weather Service, then rose to 7.37 in June , 7.75 in July and 9.03 in August before falling to 6.09 in September . The Class A Tampa Tarpons, the usual team at Steinbrenner Field, had six home postponements, two cancellations and four suspended games this year from June 21 through their season finale on Sept. 8. The Rays are now scheduled to play their first six games at home against Colorado and Pittsburgh, go to Texas for a three-game series, then return for a 13-game homestand against the Angels, Atlanta, Boston and the New York Yankees. The Tarpons will play their home games on a back field. AP MLB: https://apnews.com/Penn St. 85, Fordham 66
Vice President-elect JD Vance issued support for Pete Hegseth, President-elect Donald Trump’s pick for Secretary of Defense, to have “a fair hearing by the Senate.” In a post on X, David Sivak, a Congress and Campaigns editor with the Washington Examiner, reported that Vance had spoken up regarding recent calls for Hegseth to withdraw from consideration for the role of Secretary of Defense. “I think Pete Hegseth deserves a fair hearing by the Senate, not a sham hearing from the American media,” Vance said. Breitbart News’s Kristina Wong previously reported that as Hegseth has faced a “seemingly coordinated media smear campaign,” dozens of supporters of Hegseth, and people who know him personally have come out in defense of Hegseth. After the latest anonymously sourced smear dropped on Tuesday, which suggesting he had a drinking problem, there has been an outpouring of support for Hegseth from supporters — including coworkers, friends, and people who know him personally going on the record to call it a flat-out lie. Hegseth has also faced criticism from The View co-hosts, who have had to issue legal notes in response to their comments regarding allegations surrounding Hegseth and their comments regarding an old private e-mail Hegseth’s mom, Penelope Hegseth sent to him, accusing him of having mistreated his ex-wife. Hegseth’s mom has since come out and defended her son as being a “good father” and husband, explaining to the New York Times that she had sent the email “in anger, with emotion.”Manchester United teammates Rasmus Hojlund and Amad Diallo exchanged words after the final whistle of a 2-1 victory on Thursday. And manager Ruben Amorin has no problem with it. “For me, it’s a very, very good sign,” Amorin said after his team beat Viktoria Plzen to stay unbeaten in the Europa League. Hojlund scored two goals and hoped for a centering pass from Diallo to go for a hat trick in the final minutes. The Denmark striker didn't get the pass, though. Viktoria had been pushing forward looking for an equalizer, which created space for United counters. On another break shortly afterward, Hojlund opted to keep the ball. The pair then had a heated post-game exchange. “We need to feel something,” Amorin said. “If we need to fight each other, it's like a family. When you don't care, you don't do nothing. When you care — you fight with your brother, with your mother, your father.” AP soccer: https://apnews.com/hub/soccer
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Gov. Tim Walz wants to remain a force in politics, at state and national levelQuest Partners LLC raised its stake in shares of Dine Brands Global, Inc. ( NYSE:DIN – Free Report ) by 965.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,565 shares of the restaurant operator’s stock after purchasing an additional 15,010 shares during the quarter. Quest Partners LLC owned 0.11% of Dine Brands Global worth $517,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors also recently modified their holdings of the company. Quarry LP boosted its stake in Dine Brands Global by 32.8% in the 2nd quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Dine Brands Global by 3.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,189 shares of the restaurant operator’s stock valued at $742,000 after purchasing an additional 695 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dine Brands Global by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 746 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global during the 2nd quarter worth about $35,000. Finally, Virtu Financial LLC lifted its holdings in Dine Brands Global by 17.5% during the 1st quarter. Virtu Financial LLC now owns 7,515 shares of the restaurant operator’s stock valued at $349,000 after purchasing an additional 1,120 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Several analysts have recently commented on the company. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Barclays raised their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. CL King cut shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Wedbush restated an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Dine Brands Global presently has a consensus rating of “Hold” and an average price target of $44.71. Dine Brands Global Stock Up 0.7 % DIN stock opened at $32.96 on Friday. Dine Brands Global, Inc. has a twelve month low of $28.25 and a twelve month high of $52.05. The business’s fifty day moving average is $31.85 and its 200-day moving average is $34.22. The company has a market cap of $502.64 million, a P/E ratio of 5.48 and a beta of 1.71. Dine Brands Global ( NYSE:DIN – Get Free Report ) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. Research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year. Dine Brands Global Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 6.19%. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.94%. About Dine Brands Global ( Free Report ) Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations. See Also Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter .WASHINGTON – President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman's Association, and Dennis Daggett, the union's executive vice president. Recommended Videos “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November's election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!” ___
ST. PAUL, Minn. — Five weeks after losing a national election, Gov. Tim Walz is keeping his options open both in Minnesota and nationally, gearing up for the 2025 legislative session and trying to understand why the ticket he joined with Democratic Vice President Kamala Harris didn’t win over enough voters. “Somehow we decided that electing a billionaire who screwed the middle class his entire life was better for the middle class,” Walz said in an interview, referring to the Harris-Walz ticket’s loss to President-elect Donald Trump. “Who knew making housing affordable was not as strong a message as: ‘They’re eating dogs and they’re eating cats.’ ” Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Stock market today: Tech stocks and AI pull Wall Street to more records
This comes weeks after Newsom and his administration passed new refinery and carbon credit regulations that will add up to $1.15 per gallon of gasoline and require Californians with gasoline-powered cars to earn up to another $1,000 per year in pretax income to afford. “We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,” said Newsom in a statement. Tesla CEO Elon Musk, whose rocket launches were recently blocked by a California regulatory board that cited his personal politics, shared his disapproval on his social media platform, X, after Newsom staff told Bloomberg that Tesla models would not qualify for California rebates. “Even though Tesla is the only company who manufactures their EVs in California,” said Musk. “This is insane.” Musk recently moved SpaceX and X out of California, citing a new law signed by Newsom banning parental notification for gender change requests from K-12 students. The credits would be paid for through California’s cap-and-trade program, which requires carbon emitters to purchase credits from the state — costs which are generally passed on to consumers in the form of more expensive gasoline, energy, and even concrete. Emitters buy a few billion dollars worth of credits from California each year, with the state’s $135 billion high speed rail project getting the lion’s share of the revenue. The California Resources Board — all but two of whose voting members are appointed by the governor — recently approved $105 billion in EV charging credits and $8 billion in hydrogen charging credits to be largely paid for by drivers of gas cars and diesel trucks. An investigation by The Center Square found the change was pushed by EV makers and the builders of EV charging systems. Buyers of EV chargers, who pay for the energy and own the charger, sign installation contracts that permanently give away their rights to government or other EV charging credits generated from fueling a vehicle with electrons instead of gasoline. These chargers are often bundled with the purchase of an EV, or covered entirely by utility or government rebates, meaning they are permanent, zero-or-low-cost revenue streams for the company collecting the credits.