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Meta (META) Faces Employee Lawsuit Over AI Assisted Layoffs
Simply Wall St.19d agobearish
Meta (META) Faces Employee Lawsuit Over AI Assisted Layoffs

Meta Platforms (NasdaqGS:META) has been hit with a federal lawsuit filed by employees over AI-assisted layoffs. The suit alleges that Meta's use of AI in personnel decisions discriminated against protected groups, including workers with disabilities and pregnant employees. Plaintiffs are seeking to halt further layoffs and are calling for an independent audit of Meta's AI systems used in workforce management. Meta Platforms, the parent company of Facebook, Instagram, WhatsApp and other...

First Solar (FSLR) Faces Class Action Lawsuits Over Tariff And Production Claims
Simply Wall St.20d agobearish
First Solar (FSLR) Faces Class Action Lawsuits Over Tariff And Production Claims

Multiple securities class action lawsuits have been filed against First Solar (NasdaqGS:FSLR). The suits allege materially misleading statements about U.S. tariff policy and production utilization. Plaintiffs claim the company understated the impact of production relocation and facility underutilization on its outlook. First Solar is a major U.S. solar module producer, and the new wave of litigation puts its disclosures around tariff exposure and manufacturing utilization under closer...

Bloomberg21d agobearish
Lucid Sinks on Report EV Maker’s Considering Possible Bankruptcy

(Bloomberg) -- Lucid Group Inc. shares sank Tuesday after a news report said the electric vehicle maker is working with a restructuring advisor and weighing options that include filing for bankruptcy protection or going private.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Street‘We Faltered’: IBM Plunges Most Since 1968 on Sales MissTrump Shelves

Bloomberg22d agobearish
Citi Shares Drop as CEO Warns of Higher Cost from Investments

(Bloomberg) -- Citgroup Inc.’s shares erased earlier gains as Chief Executive Officer Jane Fraser said the bank would “lean in with additional investments and other actions” if economic conditions remain favorable.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkA Cocaine Bust in

Goldman Sachs drops new warning on interest rate hikes
TheStreet22d agobearish
Goldman Sachs drops new warning on interest rate hikes

Stock market investors are heading into CPI week with a familiar playbook. The hope is that inflation cools off further and the Fed stays on hold, with robust earnings taking over as the next driver of the S&P 500. For perspective, the S&P 500 recently traded near 7,575, up about 10.7% year ...

Paramount Skydance (PSKY) Faces 12 State Lawsuit Over Warner Bros. Discovery Merger
Simply Wall St.22d agobearish
Paramount Skydance (PSKY) Faces 12 State Lawsuit Over Warner Bros. Discovery Merger

California and 11 other states have filed an antitrust lawsuit seeking to block Paramount Skydance's planned merger with Warner Bros. Discovery. The coalition of state attorneys general argues the deal could reduce competition and harm theaters, television distributors, and audiences. The legal action introduces a new hurdle for NasdaqGS:PSKY in addition to prior regulatory reviews at the federal level. Paramount Skydance, traded as NasdaqGS:PSKY, sits at the center of a consolidating media...

He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.
24/7 Wall St.24d agobearish
He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.

Picture a 73-year-old who spent the last decade watching prices climb and decided, sensibly enough, to tuck some physical gold inside a self-directed traditional IRA. The plan felt airtight: hedge inflation, ride out the noise, hand the metal to his heirs. Then his birthday arrived, and the IRS reminded him that traditional IRAs come with ... He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.

Dayton Daily News, Ohio26d agobearish
Dayton expansion plans continue as Joby faces federal investigation

Jul. 9—Dayton's Joby Aviation and rival Archer Aviation have been battling it out not just in a new industry, but in court and now before the U.S. International Trade Commission. The commission is investigating Joby based on a patent infringement and tariff evasion claim filed by Archer this year. How Joby is building its air taxi company in Dayton with workers who are 'production heroes' ...