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A Tesla logo is seen in Los Angeles, California, the United States, 12 January 2018. REUTERS/Lucy Nicholson/File Photo

June 20 (Reuters) – Former employees of Tesla Inc (TSLA.O) have filed a lawsuit against the US electric car company, alleging that its decision to conduct a “collective layoff” violates federal law because the company the body has not announced cuts in advance.

The lawsuit was filed late Sunday in Texas by two workers who said they were laid off from Tesla’s Gigafactory plant in Sparks, Nevada, in June. According to the lawsuit, more than 500 employees at the Nevada factory have been laid off.

The workers allege the company failed to comply with federal laws on collective layoffs, which require a 60-day notification period under the Worker Adjustment and Retraining Notification Act, according to the lawsuit.

They are seeking class-action status for all former Tesla employees in the United States who were fired without notice in May or June.

“Tesla merely informed employees that their terminations would take effect immediately,” the complaint said.

Tesla, which has not commented on the number of layoffs, did not immediately respond to requests for comment on the lawsuit.

Musk, the world’s richest person, said earlier this month he had a “super bad feeling” about the economy and that Tesla would have to cut staff by about 10%, according to a Reuters email. Continue reading

According to online posts and interviews with Reuters, more than 20 people who identified themselves as Tesla employees said they were fired, fired or fired this month. Continue reading

The lawsuit, filed by John Lynch and Daxton Hartsfield, who were released June 10 and 15 respectively, seeks pay and benefits for the 60-day notice period.

“It’s quite shocking that Tesla would just be in blatant violation of the federal labor code by firing so many workers without the required notice period,” Shannon Liss-Riordan, an attorney representing the workers, told Reuters.

She said Tesla was only offering some employees a week’s severance pay, adding that she was preparing an urgent petition in a court to try to stop Tesla from receiving employee layoffs in exchange for just a week’s severance pay.

The lawsuit was filed in the US District Court, Western District of Texas.

Reporting by Akriti Sharma in Bengaluru and Hyunjoo Jin in San Francisco; Adaptation by Richard Pullin

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The current bursting of the crypto bubble could be something more significant than a Jenga pyramid reset. And that could prompt crypto companies to cut their cash on the games we play.

Via the New York Post, cryptocurrency companies are reducing their sports spending. For example, crypto exchange FTX recently ended talks to fund a jersey patch for the LA Angels. According to the report, an FTX deal with the Washington Wizards also fell through.

FTX has done business with the likes of Tom Brady. The company also dropped a lot of real dollars for a Super Bowl commercial starring Larry David.

As the Post noted, other crypto companies that have spent tens of millions on sports sponsorships have been struggling financially recently. Crypto.com, which paid for the naming rights to the venue formerly known as the Staples Center and gave the world the Matt Damon “Fortune Favors the Brave” commercial, recently laid off 260 employees.

Also, Coinbase paid around $14 million for a one-minute Super Bowl promotion and also became the exclusive partner of the NBA cryptocurrency platform. It has laid off almost a fifth of its workforce, and its shares have fallen 75 percent this year.

Brady, whose Twitter feed of 2.7 million followers has become nothing more than an expanded advertisement for the growing selection of things to buy, last mentioned FTX on Twitter almost three weeks agowith an ad promoting the ease of use of the FTX trading platform.

Yes, it is easy to use. It’s also easy to lose money with it. Because far too many people think that getting rich is easy.

Whatever label is attached, it’s not difficult to spot the handle. The more people buy these currencies, the higher the price goes up. Then, when those who bought low start selling high, the price falls. More take their profits. More get nervous. And as they empty their stocks, the price goes down, and those who boarded at the top have the bag in hand.

Then it starts all over again. People who understand the market will “buy the dip” and hope that the price will rally to the point where they can sell the top, inevitably triggering another dip from which they will buy. etc. etc.

Yes, anyone gets rich off of crypto, starting with those who know when to buy and when to sell. And if you get on and off too late, your money will end up in someone else’s pocket.

Four minors have been arrested by the Service de Police de la Ville de Lévis (SPVL) in connection with more than $5,000 misdemeanor crimes at Fort Numéro-Un National Historic Site.

According to SPVL spokeswoman Véronique Blouin, the incidents happened in the early morning of June 18. The alleged perpetrators were allegedly caught in the act. There would have been a break-in and intrusion and mischief.

released

The four minors were released by subpoena with a promise to appear.

“The investigations are still ongoing. We know this isn’t the first event,” the spokesman said.

Another burglary is said to have taken place a few days earlier.

According to our sources, historical objects were destroyed.

The site is protected by Parks Canada. According to the information published on their website, the forts of Lévis were built by the British Army between 1865 and 1872.

“Our teams are on site today [lundi] to start cleaning the site. A detailed analysis will be conducted over the next few days to properly assess the damage,” said Kimberly Labar, spokeswoman for Parks Canada in Quebec.

The FlightAware location service showed that around 2,200 flights had been canceled worldwide as of Monday evening. Only 380 of those cancellations were to, from, or within the United States, accounting for less than 2% of all US scheduled flights.

That’s fewer than Sunday’s 2,700 global cancellations. The situation improved even more for US flights as it receded from more than 800 flights canceled on Sunday. From Thursday through Sunday, more than 5,000 US flights were canceled by airlines, accounting for about 5% of their flight schedule.

Since June 16 was a national holiday on Monday and Father’s Day on Sunday, there was heavy traffic at the airports over the weekend.

The 2.4 million travelers screened by TSA at US airports on Friday were the most in one day so far this year, up 17% from the Friday before Father’s Day last year. While this traffic is still 12% below 2019 levels, it is more than four times as many travelers ahead of Father’s Day weekend 2020.

The number of flights airlines can schedule has been limited due to staff shortages. The major US airlines all offered buyouts and early retirement packages to reduce staffing levels in the first year of the pandemic as demand for air travel plummeted. They’ve had trouble getting those employees back to pre-pandemic levels, in part because it takes time to train and qualify new employees to fill pilot, flight attendant, and mechanic positions. According to aeronautical analysis company Cirium, there are 13% fewer domestic flights available in June than in June 2019.

Tight staffing and scheduling has limited airlines’ ability to recover from bad weather events like those that hit across the country last week. Recently, there have been similar spikes in flight cancellations during other holiday travel periods, including Memorial Day weekend and the end of the year bank holiday.The limited number of flights and strong passenger demand have pushed up air fares. Leisure fares are up 42% year over year for the week ended June 6, according to a pricing analysis by Cowen of the country’s three largest airlines – American, United and Delta. The Consumer Price Index, the government’s leading measure of inflation, estimates that overall fares rose 37.8% year-on-year in May and 21.7% compared to pre-pandemic May 2019.

Correction: An earlier version of this story incorrectly reported the number of global flight cancellations for Sunday. There were 2,700.

There is good news for people who like bad news about crypto. Starting tomorrow, you can buy an exchange-traded fund based on bitcoin shorting. Financial firm ProShares will unveil the first ETF that will let you bet against bitcoin, and it is set to be listed on the New York Stock Exchange when the bell opens tomorrow, June 21, under the ticker BITI.

The SEC previously approved a bitcoin futures ETF, also from ProShares, in October. It debuted alongside some of the greatest growth rates Bitcoin has seen. Now cryptocurrencies are struggling in earnest, with Bitcoin, Ethereum, and even stablecoins suffering huge losses.

The funny thing about the SEC approving an ETF that can be used to short bitcoin is that they haven’t yet approved an ETF that actually allows you to trade bitcoin yourself. According to the SEC, you can bet on the future of Bitcoin, bet against it, or… that’s about it. Speaking on the Crypto Critics’ Corner podcast, Bloomberg Intelligence ETF analyst James Seyffart said, “The SEC has essentially lost the forest for the trees.” While it occasionally approves bitcoin-related ETFs like those debuting tomorrow, it has so far been reluctant to approve spot bitcoin ETFs that would allow you to invest more directly in bitcoin. That leaves investors interested in Bitcoin relying on weird apps and knowing the ins and outs of crypto wallets.

Well, just because you can play against the future of bitcoin with an ETF doesn’t mean it’s all downhill from here for bitcoin hopefuls and the many meme and retail investors who have pinned their own stars to the cryptocurrency. “Of course, there can be no guarantees,” ProShares chief executive Michael Sapir told The Wall Street Journal, “but based on how the futures market has tracked the spot market, we’re optimistic the inverse product will follow as well.” .” We’ll have to see if Sapir’s assessment is accurate when the market reacts.

The story of Montrealer Julian Doucet – becoming fictionalized The sea, on Prime Video – is interesting. Friendly. Adorable even. But is a TV series the best way to do him justice? We doubt it.

If you loved Schitt’s Creek, chances are The Lake is already on your TV radar. Because even if their plots are very different, the two Canadian series have an obvious affinity, both in tone and in the topics addressed, namely family, community and LGBTQ issues.

This time, Prime Video invites us to a lake where a thirty-year-old (Jordan Gavaris) returns to spend time with the teenage daughter he had – then put up for adoption – before becoming openly homosexual. Over the course of a summer, he will rekindle certain rivalries from the past, most notably with his half-sister (Julia Stiles).

Divided into eight 30-minute episodes, The Lake exudes a certain goodness, an infectious good humor that is often reminiscent of Schitt’s Creek. And if we don’t laugh regularly, we never really stop smiling, even if the series does hit a few lengths in the middle.

tone break

That’s a pity anyway. And that also leads us to believe that maybe a feature film would have been a better format for this story. So we could possibly have avoided that odd and sudden tone break where The Lake borrows the codes of horror for the duration of a particularly absurd (and boring) episode.

Still, we retain more of the series’ strengths than its weaknesses. Jordan Gavaris manages to carry the entire storyline on his shoulders thanks to his charisma and naturalness, while finding Julia Stiles in a comic role is good.

In short, when a second season is on the horizon, we will be happy to come back to take a dip in this lake with its frankly pleasant and welcoming waters.

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President Biden faced backlash after seemingly implying that high gas prices on Monday would be a “good” opportunity to make a fundamental shift toward clean energy.

Some conservatives took to Twitter for comments as gas prices average $4.98 a gallon nationwide, according to the AAA, and inflation has soared to a 40-year high over the past month, sparking fears of an imminent recession.

Conservative political activist Greg Price tweeted the moment the President defended his green energy policy to reporters while vacationing at Rehoboth Beach in Delaware.

President Biden clears his throat as he announces new steps during his March 4, 2022 speech that will require the government to buy more American-made goods. (REUTERS/Evelyn Hockstein)

BIDEN SHOOTS AT REPORTER AND SAYS RECESSION MAY BE INEVITABLE: ‘DO NOT RECOVER THINGS’

“My dear mother used to have an expression: If you look closely, something good can be made out of shit. We have an opportunity to make a fundamental shift toward renewable energy, electric vehicles, and not just electric vehicles, but across the board,” Biden told the crowd of reporters.

Biden’s comments sparked a backlash from many conservatives, with some criticizing Biden for being deaf to the issues facing the average American.

“He keeps telling you he doesn’t care that you can’t afford gas, all you have to do is believe him,” radio host and columnist Derek Hunter tweeted.

WASHINGTON POST REPORTER DISTRESSED ENERGY CRISIS AND HIGH GAS PRICES ‘WON’T STIME A GREEN REVOLUTION’

Abigail Marone, press secretary for Sen. Josh Hawley, R-Mo., predicted Biden’s testimony would have unintended consequences for his party.

“Out of everything bad (the Biden presidency) something good will come (a massive red wave in 2022 and 2024),” she tweeted.

John Hayward, a writer for Breitbart News, tweeted that this revealed that President Biden reckoned Americans were “stupid” enough to think that Vladimir Putin’s “price hike” left them “no choice” to turn to clean energy .

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Biden continued those exchanges in Delaware by telling a reporter that “his team” would sit down with oil executives to demand that they produce more oil and question their high profits.

He also snapped at a reporter who told him economists were warning of a recession “more likely than ever,” saying, “Come on, don’t make things up.”

In recent weeks, Biden has blamed the war in Ukraine and Vladimir Putin on the oil companies as the reason for the continued rise in gas prices.

Kristine Parks is Associate Editor at Fox News Digital. Story tips can be sent to [email protected].

Inflation is also affecting pet owners, who face increases of 5% to 10% on groceries, which for many are unforeseen expenses.

“I don’t think there’s a product that hasn’t seen an increase,” said Isabelle Arguin, owner of Sherbrooke’s Le Jardin des Animaux pet store.

This pet shop is subject to constant and regular price changes from its suppliers. “Typically, a company can increase its price once a year or every 18 months. We have suppliers who have increased fourfold in the last 12 months,” she lamented.

These price changes create headaches for employees who constantly have to make various computer changes in the system. “It’s really quite a lot of work,” said the owner.

On the part of the Estrie animal protection association, there are 200 more entries than in the previous year.

During the pandemic, the various shelters saw an impressive number of adoptions. A phenomenon that seems to be the opposite today. “Many people have adopted an animal without being prepared for parenting,” said SPA Estrie spokeswoman Alexane Bégin.

“People don’t take the time to analyze the cost of an animal over a 15-year period. It can surprisingly represent several thousand dollars over a year and over a lifetime, sometimes tens of thousands of dollars,” added Association of Veterinary Physicians of Quebec spokesman Michel Pépin.

With the return to normal life, many owners are coming back to reality, leaving many pets to fend for themselves. A situation that could worsen in the coming months.