‘Father of the 401(K)’ is ‘very disturbed’ by the corporate greed in workplace retirement plans — here’s why Ted Benna is considered the “father of the 401(k),” thanks to his redesign of the popular investment vehicle back in 1978 — a design that’s still used today. Nowadays, 34.6% of working-age Americans have a 401(k)-style account, […]
To the Races In a very ticked-off LinkedIn post, a newly-retired Google strategist went off on his ex-employer for forcing AI down its workers’ throats as it attempts to cash in on the latest tech trend. “The ‘AI Projects’ I was working on were poorly motivated,” wrote Scott Jenson, a former Google UX strategist, in […]
Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. Yet new research from the Federal Reserve Bank of San Francisco casts doubt on the greedflation theory. Economists at the SF Fed found that corporate price gouging was not a primary catalyst for the inflation […]
(Reuters) – Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco. While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and […]
A business owner who took part in a kickback scheme to get a lucrative contract at a Kentucky steel mill has been sentenced to two years and six months in prison. The sentence for Antoine “Tony” Berenyi includes a $50,000 fine. In addition, U.S. District Judge David L. Bunning ordered Berenyi to forfeit $396,500 to […]
Nabil Haque said he can still remember the moment his wife Sungida Rashid first held their baby daughter in her arms after giving birth at Boston’s St. Elizabeth’s Medical Center last October. “It was a beautiful moment,” Haque told CBS News chief medical correspondent Dr. Jon LaPook, in his first television interview. “I wasn’t expecting […]
A Texas man is accused of using his position as a pharmacy technician to steal medicine from the mailboxes of dozens of veterans, federal officials say. Investigators say Scott Mitchell Brown, 38, carried out the scheme while working as a pharmacy tech at the Veteran’s Affairs Medical Center in Kerrville — roughly 65 miles northwest […]
Nvidia CEO Jensen Huang.Sam Yeh/AFP/Getty Images Nvidia’s stock could pull back as much as 11% after earnings, Bank of America’s Vivek Arya wrote. But this volatility will be short-lived, mainly driven by over-bullishness and not fundamentals. The upcoming GPU Tech Conference in mid-March will provide the stock with a boost. Nvidia’s rapid ascendance in mega-cap […]
Ohio is not Florida or Nevada It’s been a “great” week for Ohio’s Gerrymandered Oppressive Party. Taking away parental and transgender rights and announcing plans to end the state personal income tax and the commercial activity tax, all within days, must have taken huge amounts of concentrated greed and bigotry. Some states with no state […]
Silver Bull and Bear on NewspaperGetty Images You’ve got “your head in the sand” if you’re bearish in this market, a Morgan Stanley portfolio manager said. Markets are moving from their fear stage to greed stage, Andrew Slimmon told CNBC. “If you look at history, it is an extraordinarily bullish signal for the market.” After […]