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TradeBriefs Editorial

From the Editor's Desk

How Managers Can Do A Better Job Sharing The Bad News About Layoffs - Forbes (No paywall)

The steady stream of layoffs following the Great Resignation has spilled into 2024 with about 186 tech companies cutting over 49,386 jobs this year, according to Layoffs.fyi. Although the CEO outlook for 2024 remains positive about the deployment of artificial intelligence, business transformations and mitigating expenses, it has come at the cost of the workforce in the United States.

Although employers are making relatively smaller cuts this year by staggering them, employees have been impacted across a wide range of sectors, including technology, gaming, finance, retail and media. Despite their optimism, C-suite executives—with pressure from investors—are being cautious and remaining cost-conscious.

Continued here


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Schiff Led the ‘Nerd Caucus’ Before the Trump Era. Now He’s a Senate Favorite.  
  

Schiff Led the ‘Nerd Caucus’ Before the Trump Era. Now He’s a Senate Favorite.
And, to the frustration of the most liberal Democrats, he and his allies have shrewdly maneuvered to sideline the woman who was the biggest threat to his election, Representative Katie Porter, by spending a barrage of campaign funds to elevate a novice Republican candidate, the former baseball star Steve Garvey.


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Jack Teixeira Pleads Guilty to Leak of Pentagon Secrets  
  

Jack Teixeira Pleads Guilty to Leak of Pentagon Secrets
The Massachusetts Air National Guardsman at the center of one of the most significant leaks of national-security documents in a decade pleaded guilty on Monday to posting dozens of highly classified intelligence records in an online chat group.


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Insiders Reveal Major Problems at Lab-Grown-Meat Startup Upside Foods - WIRED (No paywall)  
  

Insiders Reveal Major Problems at Lab-Grown-Meat Startup Upside Foods
On July 1, five diners sat down at the counter of the Michelin-starred Bar Crenn in San Francisco for an unusual meal. They had won a competition to become the first customers in the US to eat cultivated meat—real animal cells grown in bioreactors instead of a living animal. For a nominal price of $1, they tucked into two pieces of a cultivated chicken fillet made by the California startup Upside Foods, one of only two companies cleared to sell cultivated meat in the US. “I thought it was delicious,” says Oscar Merino, one of the diners. “The taste and the texture was incredible.”


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'The Big Bang Theory' co-creator pledges nearly $25 million to UCLA to help low-income students study science and tech - Fortune (No paywall)  
  

'The Big Bang Theory' co-creator pledges nearly $25 million to UCLA to help low-income students study science and tech
Through his family foundation, Lorre is pledging $24.5 million to the University of California, Los Angeles to help more low-income students study science and technology. Adding to a program he began in 2015, the donation will double the number of undergraduate scholarship recipients with financial needs to 80 each year, UCLA said in a statement Monday. 


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China sets ambitious economic growth target of 'around 5%' for 2024, vows to 'transform' economy | CNN Business  
  

China sets ambitious economic growth target of 'around 5%' for 2024, vows to 'transform' economy | CNN Business
China has set an ambitious economic growth target of "around 5%" for 2024, as its leaders vowed to "transform the growth model" in the face of growing challenges.


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The Supreme Court's Confused Ruling on the Trump Ballot Case  
  

The Supreme Court's Confused Ruling on the Trump Ballot Case
The Supreme Court showed it can act with speed by allowing Trump to continue his presidential campaign and punching down states’ ability to disqualify insurrectionist candidates. Indeed, the Court showed it could do so even on hard constitutional questions. Its decision, however, only exacerbates questions about the Court’s reasons for acting—questions that will deepen doubts about the Justices’ even-handedness and freedom from partisan tugs.


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Could Real Estate Again Trigger a Financial Crisis? - Foreign Policy (No paywall)  
  

Could Real Estate Again Trigger a Financial Crisis?
Q&A: Could Real Estate Again Trigger a Financial Crisis?


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Cramer says get ready to buy if there's a market sell-off: 'I have my shopping list'  
  

Cramer says get ready to buy if there's a market sell-off: 'I have my shopping list'
"I will be ready to buy if this market sells off," he said. "Just raise some cash and be ready to do some buying if and when the market has its inevitable pullback after this incredible run."


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The Supreme Court’s decision centers on Section 3 of the 14th Amendment.  
  

The Supreme Court’s decision centers on Section 3 of the 14th Amendment.
Other issues that arose during the briefings and arguments turned out not to be important in the Supreme Court’s handling of the issue. In particular, Mr. Trump’s legal team had argued that Section 3 did not apply to him on the theory that the phrase in the amendment “officer of the United States” should be interpreted as covering only appointed officials and not elected presidents. None of the justices embraced that reasoning.


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In Rare Interview, Biden Insists He Is Democrats’ Best Option Against Trump  
  

In Rare Interview, Biden Insists He Is Democrats’ Best Option Against Trump
Mr. Biden suggested that neither he nor voters could afford for him to sit out the election, asking a rhetorical question: “If you thought you were best positioned to beat someone who, if they won, would change the nature of America, what would you do?”


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Joe Biden’s Superfans Think the Rest of America Has Lost Its Mind  
  

Joe Biden’s Superfans Think the Rest of America Has Lost Its Mind
Ms. Russell and Ms. Staller are ardent, unreserved supporters of Mr. Biden — part of a small but dedicated group of Democratic voters who think that he is not merely the party’s only option against Donald J. Trump but, in fact, a great, transformative president who clearly deserves another four years in office.


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Four Years Since California Declared a Covid Emergency  
  

Four Years Since California Declared a Covid Emergency
Covid killed roughly 75,000 people in the country last year, when it was the 10th leading cause of death in the United States. It was even worse in 2021, when the virus killed 450,000 people and was the third leading cause of death.


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Elon Musk sued by former Twitter executives over $128m unpaid severance  
  

Elon Musk sued by former Twitter executives over $128m unpaid severance
\"Musk\'s refusal to pay ... is part of a larger pattern of refusing to pay Twitter\'s former employees the benefits and other compensation they are due,\" Mr Agrawal and his former colleagues alleged in the lawsuit.


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American Airlines Orders 260 Planes From Airbus, Boeing and Embraer  
  

American Airlines Orders 260 Planes From Airbus, Boeing and Embraer
American does not expect to receive its first Max 10 planes until 2028, Mr. May said. The airline expects Boeing will be able to deliver those jets, but if the manufacturer fails to, Mr. May said, American has made arrangements to replace those deliveries with other Max models or Airbus planes.


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American says 80% of 2024 revenue will come from loyalty program and more expensive tickets  
  

American says 80% of 2024 revenue will come from loyalty program and more expensive tickets
The carrier declined on Monday to provide profit or revenue forecasts for the first quarter or full year. Analysts polled by LSEG, formerly known as Refinitiv, are projecting 2024 earnings per share of $2.56 and revenue of $54.97 billion.


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American orders 260 new planes, including Boeing Max 10s, and plans bigger first class  
  

American orders 260 new planes, including Boeing Max 10s, and plans bigger first class
American said on Monday that it expects about 80% of its revenue this year to come from \"premium content,\" meaning products beyond the cheapest tickets, and its loyalty program, up from a 70% share in 2017.


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Super Micro to join S&P 500 after stock price soars more than twentyfold in two years  
  

Super Micro to join S&P 500 after stock price soars more than twentyfold in two years
\"We see Nvidia\'s results as a positive data point for SMCI which is one of the leading partners that designs and manufactures servers to wrap around the GPUs and customizes racks to the specific needs of a customer,\" Bank of America analyst Ruplu Bhattacharya wrote in a note last month. He has a buy rating on the stock.


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The SEC votes this week on controversial climate change rule: Here's what's at stake  
  

The SEC votes this week on controversial climate change rule: Here's what's at stake
Arne Noack, manager of the Xtrackers S&P 500 ESG ETF and DWS Head of Systemic Investment Solutions for the Americas, will be the guest on ETF Edge at 1:10 p.m. ET Monday. He\'ll be joined by Dave Nadig, formerly financial futurist at Vettafi. ETFedge.cnbc.com.


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Greens aim to turn Eagle Farm racecourse site into housing if they win Brisbane city election  
  

Greens aim to turn Eagle Farm racecourse site into housing if they win Brisbane city election
The New South Wales government announced similar plans for Rosehill racecourse in Sydney’s west. But the plan for 25,000 houses – part of a much larger strategy for hundreds of thousands of homes around metro stations and other public transport infrastructure – is dependent on a vote by members of the Australian Turf Club.


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France makes abortion a constitutional right in historic Versailles vote  
  

France makes abortion a constitutional right in historic Versailles vote
Rightwing senators from the Républicains party voted against a first attempt to change the constitution in October 2022. Later that year, the French parliament voted to extend France’s legal limit for ending a pregnancy from 12 to 14 weeks, amid anger that thousands of women were forced to travel abroad each year to terminate pregnancies in countries including the Netherlands, Spain and the UK.


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Catalan pharmacies hand out free reusable period products  
  

Catalan pharmacies hand out free reusable period products
Helena Herranz, an 18-year-old student, said she was keen to give reusable products a try. “We use a lot of pads, a lot of tampons, a lot of material throughout our lives and they pollute a lot,” she added.


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Iditarod musher kills moose after run-in with dog  
  

Iditarod musher kills moose after run-in with dog
Race leader Jessie Holmes, who is a cast member of the National Geographic reality TV show about life in rural Alaska called \"Life Below Zero,\" had a moose encounter between those two checkpoints, but it\'s not clear if it was the same moose.


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The Broncos tried and failed with Russell Wilson, what's next?  
  

The Broncos tried and failed with Russell Wilson, what's next?
And what they do from here, not only at quarterback, but with the depth chart around him, will determine whether they can recapture franchise glory. It could also determine whether they\'ll be another lost soul staring into a glass at last call in remember-when mode, talking of past victories as they wonder, again, where it all went.


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Women's Bracketology: Champ Week is here -- with plenty of changes to field  
  

Women's Bracketology: Champ Week is here -- with plenty of changes to field
In this projection, the committee selects and seeds the 16 best available teams. There are no automatic qualifiers, although all non-competing conference champions receive the designated revenue unit.


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The all-playoff era team: The best CFB players of the past decade  
  

The all-playoff era team: The best CFB players of the past decade
Honorable mentions: Purdue\'s Rondale Moore, Kansas State\'s Deuce Vaughn, San Diego State\'s Rashaad Penny, Penn State\'s Saquon Barkley, North Carolina\'s Ryan Switzer, Kentucky\'s Lynn Bowden Jr., Texas A&M\'s Christian Kirk, Ohio State\'s J.K. Dobbins, Alabama\'s Smith, Houston\'s Marcus Jones, Boise State\'s Avery Williams, Oklahoma\'s Joe Mixon and Memphis\' Darrell Henderson Jr.


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'A guy whose passion is unmatched': Jason Kelce came to symbolize the spirit of the Eagles  
  

'A guy whose passion is unmatched': Jason Kelce came to symbolize the spirit of the Eagles
\"He\'s a legend in the city -- really in the league,\" Hurts said. \"I don\'t want to do a disservice to him and the things he\'s been able to do and overcome. His journey to where he is now didn\'t come easy. It\'s been a long, long time coming for him, and every year since I\'ve been here, it\'s been, \'Are you going to come back?\'


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Which Man United players would get into Man City's squad? Honestly, only two  
  

Which Man United players would get into Man City's squad? Honestly, only two
But until City start casting envious glances at the players in United\'s squad, the red half of Manchester will continue to be in a shadow cast from the blue side. It is a long way back for United and three years seems an optimistic timescale in which to turn the tide.


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Mbappé, Luis Enrique feud shows that PSG are preparing for life without him  
  

Mbappé, Luis Enrique feud shows that PSG are preparing for life without him
Saying that though, on Friday evening in Monaco, Mbappé felt like he had to do something to express his mood. So instead of sitting on the bench for the second half, having been subbed off during the break, he went and sat next to his mum and his entourage in the stands, three rows above ... Al Khelaifi. They didn\'t talk that evening, sources told ESPNFC, but they didn\'t really need to. The damage has been done already.


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Women's Power Rankings: There's reliable ... and then there's South Carolina  
  

Women's Power Rankings: There's reliable ... and then there's South Carolina
The Orange fell in overtime at NC State in their regular-season finale but hold on to the final spot in the Power Rankings as the No. 3 seed in the ACC tournament. Dyaisha Fair had 26 points against the Wolfpack and now has 3,328 for her career, which ranks fifth on the NCAA list.


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Eckroat gets first career PGA Tour win, $1.62M  
  

Eckroat gets first career PGA Tour win, $1.62M
Horschel -- who vaulted into the mix with six consecutive birdies Sunday afternoon -- finished at 12 under. He ended up tied for ninth, along with Keith Mitchell, Peter Malnati, Alex Noren, Andrew Novak, Kevin Yu and Martin Laird.


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MLS Power Rankings: Inter Miami surges up as Crew remain top  
  

MLS Power Rankings: Inter Miami surges up as Crew remain top
Despite some exciting off-season additions, Nick Cushing\'s side could start to free-fall if they\'re not careful. James Sands\' red card settled another poor outing for a team ill-setup to exploit St. Louis.


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Youthful USWNT bounces back to impose itself on Colombia  
  

Youthful USWNT bounces back to impose itself on Colombia
\"Canada is another country that\'s close to us, we\'ve played many times,\" Kilgore said. \"We\'re looking forward to that and I think the keys will be a little bit of a mix of what we saw tonight in terms of being on the front foot, making sure that we are making it uncomfortable [for them].\"


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MMA confidential: UFC fighters ready to make the leap into boxing  
  

MMA confidential: UFC fighters ready to make the leap into boxing
Just last week, UFC bantamweight champion Sean O\'Malley and Ryan Garcia got into a back-and-forth on social media about wanting to fight each other in boxing. Partly thanks to Ngannou, there doesn\'t seem to be an end in sight to the fad of MMA fighters crossing over into boxing. Even if it does not make sense for everyone who fights in the Octagon.


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NCAA gymnastics Week 9: Cal bests Utah, and Florida clinches the regular-season SEC title  
  

NCAA gymnastics Week 9: Cal bests Utah, and Florida clinches the regular-season SEC title
Katie Harper, North Carolina State: The Wolfpack had a banner day on bars on Saturday during its quad meet victory (197.00) over Iowa State, Northern Illinois and Temple. Harper, a freshman, earned a career-high score of 9.95 -- tying with teammate Emily Shepard for the event title -- and helped carry the team to its fourth best bars score in program history (49.400).


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College baseball top 25 rankings, plus players to watch  
  

College baseball top 25 rankings, plus players to watch
Caglianone is just plain out of this world. Dominant on both sides of the ball, Caglianone has improved his game even more from last season. This past weekend, he recorded a career-high 11 strikeouts against Miami, and of course, hit a home run in the same game, too. He has four total home runs this season and 22 hits to go along with 13 RBIs. Florida is ranked No. 4, and as Caglianone continues to dominate, the school should be competitive throughout the regular season and beyond.


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Ex-WR Edwards stops 'vicious' assault of man, 80  
  

Ex-WR Edwards stops 'vicious' assault of man, 80
\"The noise escalates, and then you can hear some pushing and shoving, so you know what fighting sounds like,\" Edwards told WDIV-TV. \"But once I hear a thud, that\'s when I got up and turned around.\"


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Fantasy baseball: How Acuna's knee changes the top of the draft  
  

Fantasy baseball: How Acuna's knee changes the top of the draft
Atlanta RHP Reynaldo Lopez started Saturday\'s game against a formidable Toronto lineup of regulars and tossed three shutout innings. Lopez has been a full-time relief pitcher in recent seasons, but he sure looks to be in the lead for the No. 5 rotation spot over Bryce Elder and others, and since this is the Braves and they score so many runs, we have to start taking this seriously in fantasy. Lopez is becoming worthy of a spot in ESPN standard leagues.


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Alabama Democrats Swarm to a Rare Chance to Increase Their Power  
  

Alabama Democrats Swarm to a Rare Chance to Increase Their Power
The race is also a test of what fair representation means in a state that has repeatedly provoked federal intervention by disregarding civil and voting rights laws. On top of persuading people to come out and vote, Mr. Gray said, “it’s a lot of education when it comes to what actually happened.”


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Lawyers Offer New Witness in Effort to Disqualify Trump Prosecutors in Georgia  
  

Lawyers Offer New Witness in Effort to Disqualify Trump Prosecutors in Georgia
Defense lawyers thought that Mr. Bradley, a former law partner of Mr. Wade who also served for a time as Mr. Wade’s divorce lawyer, might offer some clarity as to when the romance began. But that did not happen. In a text exchange in January, he told one of the defense lawyers in the case that he “absolutely” thought the romance began before Ms. Willis hired Mr. Wade.


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Key Primary Races in California and North Carolina to Follow on Super Tuesday  
  

Key Primary Races in California and North Carolina to Follow on Super Tuesday
A key part of his strategy has been to pour $10 million into an effort to elevate one Republican opponent, Steve Garvey, a 75-year-old former baseball star. Garvey has held few campaign events and not bought a single campaign ad. And yet, with help from Schiff, he now appears poised to advance to the general election.


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Here’s What’s in the Bipartisan Spending Bill to Prevent a Partial Shutdown  
  

Here’s What’s in the Bipartisan Spending Bill to Prevent a Partial Shutdown
Ultimately, lawmakers jettisoned most of House Republicans’ most sweeping and divisive demands, including blocking an increase in funding for nutrition assistance programs for low-income women and children, and halting the implementation of new rules to allow greater access to abortion medication.


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Judge Upholds Parts of Arizona Law Requiring Voters to Prove Citizenship  
  

Judge Upholds Parts of Arizona Law Requiring Voters to Prove Citizenship
In general, voters already provide proof of citizenship when they register for state elections. On Monday, voting-rights groups celebrated the ruling as a win, while local elections officials were still trying to understand how it might affect how they maintain voter rolls.


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Library Fees? No Problem. Just Show Us Your Cat Photos.  
  

Library Fees? No Problem. Just Show Us Your Cat Photos.
If you don’t have a cat? No problem. One cat-less 7-year-old boy, who never returned a “Captain Underpants” book, had his library card reactivated after the staff gave him paper and crayons to sketch one.


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F.A.A. Audit Finds Quality-Control Lapses at Boeing and Spirit AeroSystems  
  

F.A.A. Audit Finds Quality-Control Lapses at Boeing and Spirit AeroSystems
A week earlier, Boeing announced a leadership shake-up in its commercial airplanes unit. And on Friday, the company said it was in talks to acquire Spirit, which it spun out nearly two decades ago.


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Highlights of the Supreme Court’s Opinions on Trump’s Ballot Eligibility  
  

Highlights of the Supreme Court’s Opinions on Trump’s Ballot Eligibility
They wanted to ensure that those who had participated in that insurrection, and in possible future insurrections, could not return to prominent roles. Today, the majority goes beyond the necessities of this case to limit how Section 3 can bar an oathbreaking insurrectionist from becoming President. Although we agree that Colorado cannot enforce Section 3, we protest the majority’s effort to use this case to define the limits of federal enforcement of that provision.


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Newly Released Messages Detail Roots of the ‘Fake Electors’ Scheme  
  

Newly Released Messages Detail Roots of the ‘Fake Electors’ Scheme
Taken together, the documents show in new detail how the Trump campaign’s litigation strategy was not designed to win in court as much as it was designed to give cover for their political efforts. And they underscore the central role that Mr. Troupis — previously a little-known figure in the effort to overturn the election — played in furthering the plans.


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Supreme Court Ballot Opinion Ends Uncertainty, but Not Anger  
  

Supreme Court Ballot Opinion Ends Uncertainty, but Not Anger
On Monday, all nine Supreme Court justices agreed that individual states could not bar candidates for the presidency under the insurrection provision. Four justices would have left it at that. A five-justice majority, in an unsigned opinion, went on to say that Congress must act to give that section force.


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Jack Teixeira Agrees to 16-Year Plea Deal in Document Leaks Case  
  

Jack Teixeira Agrees to 16-Year Plea Deal in Document Leaks Case
The man, David Franklin Slater, a retired Army lieutenant colonel, sent material including military targets and Russian military capabilities to the person, who called him “secret informant love” and her “secret agent,” in early 2022, according to a department statement.


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Haley Is Still Struggling to Deal With Trump’s Grip on Their Party  
  

Haley Is Still Struggling to Deal With Trump’s Grip on Their Party
It’s also one that she struggled with even before she joined his administration. According to one of her memoirs, Ms. Haley canceled an appearance on NBC’s “Today Show” the morning after the 2016 presidential election because she was unprepared to discuss the topic of the day: what Mr. Trump’s unexpected victory could mean for the future of the Republican Party.




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