Trader Joe’s breached workers’ Rights in a Unionized shop: Says FED

Trader Joe’s may have broken the law at a Minnesota shop where workers unionised last year. According to a new complaint filed with the National Labour Relations Board, management at the grocery chain unlawfully removed union documents from the break room last November and prohibited workers from displaying leaflets about organising. A regional director of … Read more

Yeezy Shoes are back on sale months after Adidas cut ties with Kanye West

Some of Adidas’ remaining Yeezy shoes are back on sale – months after the German sportswear company ended its relationship with Ye, the rapper formerly known as Kanye West. Adidas ended its year-long partnership with Ye in late October in light of his anti-Semitic remarks and other harmful behavior. In the months that followed, the … Read more

Trader Joe’s is in hot water – Yet Again

Trader Joe’s United, a union representing Trader Joe’s workers, has accused the grocer of unlawfully firing an employee for being an outspoken union supporter to improve working conditions at its shop. The employee, Stephen Andrade, worked for Trader Joe’s for nearly 18 years and posted signs at the shop in Hadley, Massachusetts, the company’s first shop … Read more

JPMorgan Finalizes Settlement with Victims of Jeffrey Epstein

JPMorgan Chase has reached a settlement in a class action lawsuit with victims of financier Jeffrey Epstein. Epstein was arrested in 2019 on a federal indictment accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead … Read more

Mark Cuban takes aim at SEC, John Reed Stark and “crypto derangement syndrome”.

Crypto Twitter witnessed a heated debate this week. Billionaire investor Mark Cuban accused the SEC’s Gary Gensler of throwing crypto under the bus, while a former SEC official defended the regulator. In a spirited back-and-forth exchange on Twitter with former SEC official John Reed Stark that began on 14 June, Cuban took exception to Stark’s … Read more

Binance CEO Changpeng Zhao denies rumors of Bitcoin sale to strengthen BNB

Binance CEO Changpeng “CZ” Zhao has denied allegations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilise the price of its Binance Coin (BNB) token. The rumours come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of deliberately manipulating the market to artificially … Read more

Japanese Yen strengthens after intervention warning, while the US Dollar stabilizes.

Japanese Yen, USD/JPY, US Dollar, BoJ, Kanda, China PMI, Debt Deal – Topics to Analyze Traders in the Japanese yen are eyeing the possibility of intervention. The US dollar is treading water as government bond yields fell ahead of the debt deal. The Chinese purchasing managers’ index disappointed and growth-related assets fell. The Japanese yen … Read more

Weekly Market: S&P 500, Gold, US Dollar; US ISM, Eurozone Retail Sales, RBA, Japan Econ Watchers, China Inflation

Global equity markets rose, led by solid gains in US equities, as markets welcomed the passage of a debt ceiling bill that averted a catastrophic US default. Debt negotiations in Washington have been the focus of market attention in recent weeks, and the passage of the bill raising the government’s $31.4 trillion debt ceiling removed … Read more

The US dollar remains on a high while crude oil floats. Is the USD higher?

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US Dollar, DXY Index, USD, OPEC+, WTI, Brent, Crude Oil, Debt Ceiling – Discussion topics The US dollar held on to Friday’s gains and started the week with high government bond yields. OPEC+ cut production, with Saudi Arabia playing a key role in the rise in oil prices. With the debt dilemma out of the … Read more

Starbucks’ hidden Agenda against the union-workers

The president of the union that organizes Starbucks shops has a message for the coffee chain: come to the bargaining table – and just one table, not hundreds. The Workers United union has been trying to negotiate initial contracts for the more than 300 Starbucks shops that have formed a union since late 2021. But … Read more