>>Inflation Rises In Line With Expectations
(Washington, DC) -- The latest inflation report from the shows it rose in line with expectations last month. The personal consumption expenditures price index excluding food and energy costs increased point-four-percent in January. It rose two-point-eight-percent compared to a year ago as predicted by economists. The report from the Consumer Department comes as the Federal Reserves is considering whether or not to start lowering interest rates. Federal Reserve Chair Jerome Powell said last month that he wants to see "more good data" before interest rates start to be cut.
>>Lawsuit Accuses Trump Of Trying To Dilute Shares In Media Company
(Dover, DE) -- A new lawsuit is accusing Donald Trump and his associates of trying to "drastically dilute" the value of stock shares in his social media company. A suit filed Wednesday alleges that Trump Media and Technology Group engaged in "11th hour" maneuvering to dilute a minority stake in the company held by United Atlantic Ventures. The suit comes ahead of a planned merger of Trump Media with a shell company that would then become publicly traded. If shareholders in the shell company approve the merger in late March, Trump's stake in the media group could be valued at over three-billion dollars.
>>401k Plans See Double-Digit Percentage Gains
(New York, NY) -- The number of 401(k) millionaires is up eleven-and-half percent year over year. According to the latest data from Fidelity Investments, the nation's largest provider of 401(k) savings plans, the number of plans with a balance of a million-dollars-or-more increased 20-percent from the third quarter. It comes as the average 401(k) balance ended last year up 14-percent from a year earlier to 118-thousand dollars.
>>Tesla Ordered To Face Racial Bias Class Action Lawsuit
(Fremont, CA) -- A judge in California is tentatively allowing a racial bias class action lawsuit against Tesla to move forward. The group of nearly six thousand Black workers claim the electric vehicle maker was aware of rampant race discrimination and harassment at its plant in Fremont, California, and did nothing about it. Tesla was first sued by an assembly line worker in 2017 who alleged Black employees were subjected to racial slurs, graffiti, and nooses hung at their workstations. Tesla maintains it does not tolerate workplace harassment, adding that workers engaged in such behavior have been fired.
>>Oprah Winfrey Stepping Down From WeightWatchers Role
(New York, NY) -- Oprah Winfrey is stepping down from her role at WeightWatchers. Winfrey had served on its board of directors for nine years. Since the announcement late Wednesday, shares of WeightWatchers have been down by as much as 25-percent. Winfrey also pledged to donate her financial stake in the company to the National Museum of African American History and Culture. It all comes after Oprah said last year that she was taking weight loss drugs to maintain her weight.
