Author: Press Room

More than a year after Shein promised to tackle excessive working hours in its supply chain, a new report suggests the Chinese fast-fashion company still has a problem. Workers in some factories supplying Shein are still working 75-hour weeks, according to an investigation by Public Eye, a Swiss human rights advocacy group that first highlighted the alleged abuse back in 2021. “The 75-hour weeks that we found out about two years ago still seem to be common at Shein,” the Swiss organization said. Public Eye interviewed 13 textile workers employed at six factories in Guangzhou, a region in southern China, last…

Last updated: May 13, 2024 13:29 EDT | 2 min read President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls.Adams expressed concerns about President Biden and other Democrats’ perceived anti-crypto position, which could reduce the incumbent US president’s likelihood of re-election.Uniswap Founder Tags US SEC as Catalyst for Biden’s Potential LossHe advised that anyone close to President Biden or within his leadership circle “should be expressing how serious this is and pushing for immediate…

Wall Street internship season is fast approaching, which means thousands of aspiring financiers will soon be mulling the question: How do I end the summer with a full-time offer in hand?Besides the obvious tactics of working hard, impressing your superiors, and showing passion for the job, there’s no roadmap for landing a spot — meaning how to leave the internship as one of the chosen ones isn’t always clear. But at the $20 billion Chicago-based hedge fund Balyasny Asset Management — which employees internally refer to colloquially as “BAM” — there’s one factor that matters most: feedback.”We put a premium…

Another robotics startup has raised a large amount of money, signaling a rebound in investor appetite in the space.Collaborative Robotics, an automation startup founded by former Amazon Robotics chief Brad Porter, just raised $100 million in a round led by General Catalyst. Other investors included Bison Ventures, Industry Ventures, and Lux Capital. Existing backers, Sequoia Capital and Khosla Ventures, also participated.The latest round values Collaborative Robotics at more than $500 million, Porter told Business Insider.The raise follows other recent high-profile investments in robotics startups, such as Figure AI, 1X, and Physical Intelligence.Porter said the funding was opportunistic as his company…

Last weekend’s article warned to get “Ready for the Squeeze” and concluded there are “good odds of a move higher” in the S&P500 (SPY). This played out to a point, but the move higher exceeded my expectations and now looks more than just a short squeeze. Wednesday’s session had a chance to form a reversal with a gap down, but when that failed, it set up continuation and a strong Thursday and Friday for the third week in a row. The rally has now reached 5439, just 25 points shy of the all-time high. Will this be a big hurdle?…

Stay informed with free updatesSimply sign up to the Russian politics myFT Digest — delivered directly to your inbox.Vladimir Putin has replaced two of his longest-serving security officials in a surprise reshuffle, suggesting the Russian president is dissatisfied with the handling of his two-year invasion of Ukraine.Putin, who was sworn in for a fifth term in office earlier this week extending his quarter-century rule until at least 2030, has moved Sergei Shoigu, the defence minister since 2012, to become head of Russia’s security council on Sunday, according to the upper house of parliament. Andrei Belousov, a deputy prime minister and…

President Joe Biden is facing backlash from lawmakers in both parties over his ultimatum that a major Israeli offensive in the city of Rafah would result in a shut-off of some US weapons. Biden’s decision to go public with the ultimatum in an interview with CNN’s Erin Burnett last week was greeted with pointed criticism across the GOP spectrum on Sunday, and vocal concern among Democrats. “On the one hand, they’re saying too many Palestinian civilians have been killed. With the other hand, they’re depriving us of the precision guided weapons that actually cut down on civilian casualties,” Republican Sen. JD Vance…

In the landscape of wealth management, some elements are, for lack of a better term, sexier than others. Both financial planners and their clients are often drawn to more complex topics, especially those that seemingly pledge to make or save a lot of money. And while those strategies are valid, if not vital, for exploration, others have been relegated to commodity status and are given very little attention—like property and casualty insurance, better known as home, auto, and liability insurance. As for why these foundational risk management tools are often ignored, I’d posit that we are required to have these…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.500% as of April 29, which is 0.125 percentage points lower than Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.625%, which is unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate…

Saving money all starts with a tangible goal. So, let’s start with $10,000 in one year.  Saving money is challenging, with pressures to buy, buy, buy all around us, bills to pay and debts to eliminate. If you want to save $10,000 in a single year, it is going to require financial discipline, budgeting and taking advantage of high-yield savings accounts to do it.  CHOOSE THE BEST SAVINGS ACCOUNT FOR YOU: 7 THINGS TO CONSIDER Below is a step-by-step guide on how you can have $10,000 in your bank account in 365 days. Think of a goal to represent the dollar amountUpdate…