>> FTC Bans Noncompete Agreements
(Washington, DC) -- The Federal Trade Commission is banning noncompete agreements. According to the FTC, about 18-percent of the U.S. workforce is covered by these agreements, which stops them from working for competitors or starting a new competing business when leaving a job. That's about 30-million people. The rule would ban such agreements for workers and force companies to let current and past employees know they won't be enforced. Pro-business groups are expected to try to use legal action to block the rule from going into effect.
>>Tesla Reports Lowest Quarterly Earnings Since 2021
(Austin, TX) -- Tesla yesterday reported its lowest quarterly earnings since 2021. Despite the report, shares soared after hours as the electric automaker suggested more affordable models are on the way. First quarter earnings fell 47 percent. Stock prices jumped more than ten percent after the market closed.
>>Elon Musk Launches X TV App
(Austin, TX) -- X is launching a dedicated app for smart TVs as it continues pushing video. Elon Musk's app launched Tuesday, and it includes a trending video algorithm, with topics powered by AI and cross-device compatibility, according to "The Hollywood Reporter." A note sent to the company's corporate partners says the X TV app won't have any ads at launch, but the company is leaving open the possibility.
>>Housing Is Expensive
(New York, NY) -- Owning a home is still part of the so-called American Dream, but prices are putting that dream increasingly out of reach. A new survey from Bankrate found 78 percent of Americans say homeownership is a key part of the dream, more so than a comfortable retirement, successful career or a college degree. Of those, more than half say they don't have the income to buy a house, or can't afford a down payment and closing costs. Nearly 70 percent say they're willing to sacrifice and compromise, including downsizing their living space, moving out of state or taking on roommates.
>>Amazon Cancels Drone Delivery in California
(Undated) -- Amazon is canceling drone delivery in California. The e-commerce giant says it is closing Prime Air delivery in the state to expand the service in other areas of the country. Prime Air uses drones to deliver packages to a customer's backyard within an hour of ordering. The service is now only available in select cities in Texas, and Amazon hopes to expand soon in Arizona. There is no word on whether Prime Air will return to California in the future. Source Staff/acc Copyright © 2024 TTWN Media Networks Inc.
