Tesla short sellers could help Elon Musk score a payday worth hundreds of millions

Aly Song | ReutersThe very short sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday. Nearly a fifth of Tesla shares available for trading are sold short, according to S3 Partners. Two years ago Tesla’s board agreed to a compensation plan for Musk based on Tesla stock milestones. If a stock price instead trends higher, short sellers are forced to buy back the equity at a higher price in order to cut their moun


Aly Song | ReutersThe very short sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday.
Nearly a fifth of Tesla shares available for trading are sold short, according to S3 Partners.
Two years ago Tesla’s board agreed to a compensation plan for Musk based on Tesla stock milestones.
If a stock price instead trends higher, short sellers are forced to buy back the equity at a higher price in order to cut their moun
Tesla short sellers could help Elon Musk score a payday worth hundreds of millions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: michael sheetz
Keywords: news, cnbc, companies, shares, score, teslas, stock, shorts, sellers, tesla, musk, higher, ives, short, payday, millions, hundreds, help, worth


Tesla short sellers could help Elon Musk score a payday worth hundreds of millions

Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Aly Song | Reuters

The very short sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday. Nearly a fifth of Tesla shares available for trading are sold short, according to S3 Partners. As the shares hit record highs on what seems like a daily basis, more and more of those shorts are forced to capitulate and buy the stock back, fueling the run even further. This so-called short squeeze has lifted Tesla’s stock past a key benchmark: The market value of the company is more than $100 billion. That’s a closely watched level because, if Tesla’s market cap stays above $100 billion on both a 30-day and six-month trailing average, Musk will earn the first part of a potentially enormous compensation package. Two years ago Tesla’s board agreed to a compensation plan for Musk based on Tesla stock milestones. If the shares continue to rally in the next decade, Musk could earn options worth more than $55 billion.

Short sellers borrow shares from an investment bank and then sell them. Their hope is that the stock will go down and then they can buy them back at lower prices and return them to the investment bank, turning a profit on the difference. But the opposite is happening with Tesla. If a stock price instead trends higher, short sellers are forced to buy back the equity at a higher price in order to cut their mounting losses. If enough short sellers buy in tandem, it can create higher demand and itself drive the equity price even higher, aka a short squeeze.

Musk ‘joy ride’

To be sure, there are fundamental reasons behind the surge. Most analysts point to Tesla’s record vehicle production, new factory in China or stabilizing financials for driving the stock higher. But part of the name’s rally is coming from shorts forced to “cover” their positions, analysts and traders said. “The pain trade for the shorts has been a joy ride for Musk,” said Wedbush analyst Dan Ives. Ives, like other analysts, thinks an inflection in demand for electric vehicles has been the major catalyst for Tesla. The stock has had “not just a short squeeze but also fundamental buying,” Ives said. “I’ve heard from even some of the most bearish, doomsday investors on this and the China thesis has come out of left field much quicker than expected,” Ives said. “The pain trade for the shorts is too hard to stomach, as they can’t be short going into earnings and with a China inflection point.”


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: michael sheetz
Keywords: news, cnbc, companies, shares, score, teslas, stock, shorts, sellers, tesla, musk, higher, ives, short, payday, millions, hundreds, help, worth


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Hundreds arrested in Hong Kong in New Year’s Day protests, according to the police

Protesters hold up black flags during the demonstration. Entering the 7th month of civil unrest, protesters marched the streets, calling for the five demands to be met. About 400 people were arrested in New Year’s Day protests in Hong Kong after what started as a peaceful pro-democracy march of tens of thousands spiraled into chaotic scenes with police firing tear gas to disperse the crowds. When scuffles broke out, large numbers of black-clad protesters rushed to the scene while other protester


Protesters hold up black flags during the demonstration.
Entering the 7th month of civil unrest, protesters marched the streets, calling for the five demands to be met.
About 400 people were arrested in New Year’s Day protests in Hong Kong after what started as a peaceful pro-democracy march of tens of thousands spiraled into chaotic scenes with police firing tear gas to disperse the crowds.
When scuffles broke out, large numbers of black-clad protesters rushed to the scene while other protester
Hundreds arrested in Hong Kong in New Year’s Day protests, according to the police Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, arrested, unrestthe, water, day, protesters, unrest, hong, according, hundreds, various, arrests, streets, weekswhen, wan, kong, protests


Hundreds arrested in Hong Kong in New Year's Day protests, according to the police

Protesters hold up black flags during the demonstration. Entering the 7th month of civil unrest, protesters marched the streets, calling for the five demands to be met.

About 400 people were arrested in New Year’s Day protests in Hong Kong after what started as a peaceful pro-democracy march of tens of thousands spiraled into chaotic scenes with police firing tear gas to disperse the crowds.

The arrests take the total to about 7,000 since protests in the city escalated in June over a now-withdrawn bill that would have allowed extradition to mainland China, and will highlight the apparent absence of any progress towards ending the unrest.

The tension on Wednesday rose after some arrests were made in the Wan Chai bar district near a branch of global banking group HSBC, which has been the target of protester anger in recent weeks.

When scuffles broke out, large numbers of black-clad protesters rushed to the scene while other protesters formed

human chains to pass them various supplies including bricks, forcing police to bring in their own reinforcements.

Police then asked organisers to call off the march early and crowds eventually dispersed as a water cannon truck and scores of police in riot gear patrolled the streets late into the evening.


Company: cnbc, Activity: cnbc, Date: 2020-01-02
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America just took out the world’s no. 1 bad guy

For many of us who watch and analyze news out of the Middle East daily, he was the world’s number one bad guy. But most importantly for Americans, Soleimani was behind the deaths of hundreds of American soldiers during the Iraq War. Last year, the U.S. State Department put the number of Americans killed by Iranian proxies in Iraq at 608 since 2003. It will also just be politics when President Trump takes a victory lap on Twitter or at a future rally over this killing. What isn’t just politics is


For many of us who watch and analyze news out of the Middle East daily, he was the world’s number one bad guy.
But most importantly for Americans, Soleimani was behind the deaths of hundreds of American soldiers during the Iraq War.
Last year, the U.S. State Department put the number of Americans killed by Iranian proxies in Iraq at 608 since 2003.
It will also just be politics when President Trump takes a victory lap on Twitter or at a future rally over this killing.
What isn’t just politics is
America just took out the world’s no. 1 bad guy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: jake novak
Keywords: news, cnbc, companies, worlds, iranian, took, politics, soleimani, trump, president, guy, iraq, hundreds, war, iran, bad, america, really


America just took out the world's no. 1 bad guy

So, just who is this top Iranian general the U.S. just eliminated?

For many of us who watch and analyze news out of the Middle East daily, he was the world’s number one bad guy.

Qassim Soleimani has been in control of Iran’s Quds Force for more than 20 years. His current greatest hits include helping Bashar al Assad slaughter hundreds of thousands of his own people in the Syrian civil war, stoking the Houthis in Yemen’s civil war, and overseeing the killing of hundreds of Iraqi protesters recently demonstrating against Iranian influence in their country.

But most importantly for Americans, Soleimani was behind the deaths of hundreds of American soldiers during the Iraq War. Last year, the U.S. State Department put the number of Americans killed by Iranian proxies in Iraq at 608 since 2003.

The killing of Soleimani doesn’t have the emotional power of the takedown of Osama bin Laden, and he wasn’t even as well-known to Americans as ISIS founder Abu Bakr al Baghdadi. But in many ways, taking him out means much more in terms of saving current lives. Remember that bin Laden and al Baghdadi were mostly out of business and in hiding at the time of their deaths. Solemani was busier than ever, directing mayhem all over the Middle East and beyond.

For example, these last few days have made it clear to the whole world just how much Iran controlled just about all of Iraq and Iraq’s Shia population. It appears Solemeini not only felt justified in being the likely mastermind behind Tuesday’s attack on the U.S. embassy in Baghdad, he also was comfortable enough to travel to Iraq personally to oversee it. But this time, he got too comfortable.

We’re already hearing from a number of critics that this move will likely backfire against the U.S. and will provoke Iran to retaliate even more forcibly against American and its allies. To those people making those warnings, there’s really only one thing to say: “Welcome to the party, pal!”

That’s because Iran has really been at war with the U.S. since 1979. The killing of hundreds of our troops in Iraq, the constant terrorism it sponsors and supplies against Israel, and even the recent provocations against oil traffic in the Persian Gulf are all acts of war from which there really is no retreat without severe consequences. For the Trump administration, it would appear the embassy attack was the last straw. It was also one that provided the ultimate opportunity to eliminate Soleimani as he foolishly left his home country and made himself more physically and legally vulnerable.

Another thing to remember is that Soleimani and his foreign escapades may have been the delight of the ruling mullahs in Tehran. But the people in the streets abandoned him long ago, if they ever really supported him in the first place.

Soleimani clearly came to personify the increasingly unpopular spending on proxy wars and terrorism. With Iran’s economy faltering, the chanting in the streets during that nation’s recent protests included: “no money, no gas, screw Palestine.” That was probably the best proof that the Iranian people are keenly aware of the resources being sent abroad that could be used to improve the domestic economy and not pay for rockets in Gaza or wars in Syria and Yemen.

In fact, Iranian journalist and activist Masih Alinejad tweeted almost immediately after Soleimani’s death was reported that the Quds commander was also hated by ordinary Iranians for his long history of brutality against his own people. That includes a bloody crackdown on university students in Iran in the 1990s:

In the coming hours and days the debate over the decision to kill Soleimani will unfortunately be dominated by partisan politicians looking to score points for or against President Trump. Perhaps Sen. Chris Murphy, a Democrat from Connecticut has taken the top partisanship buffoonery prize already by scolding President Trump for the action just two days after publicly decrying America’s lack of action against the Baghdad embassy attack:

But that’s just politics. It will also just be politics when President Trump takes a victory lap on Twitter or at a future rally over this killing.

What isn’t just politics is the fact that Soleimani was a very effective and deadly leader of the world’s most active and pervasive terrorist army. The knee-jerk assumptions we will hear from those who say that someone else will simply take his place and be just as effective and deadly probably come from people who truly don’t know how powerful and effective Soleimani was. He’s going to be a very hard act to follow.

For now, Soleimani’s death is justice for the thousands of deaths he caused all over the world and to his own people. It may have seemed like swift justice Friday morning, but it was actually a long time coming.

Jake Novak is a political and economic analyst at Jake Novak News and former CNBC TV producer. You can follow him on Twitter @jakejakeny.


Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: jake novak
Keywords: news, cnbc, companies, worlds, iranian, took, politics, soleimani, trump, president, guy, iraq, hundreds, war, iran, bad, america, really


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Hundreds arrested in India during days of protests over citizenship law

Congress party workers protest against the BJP and the Citizenship Amendment Bill (CAB) at Sector 18, on December 11, 2019 in Noida, India. More than 1,500 protesters have been arrested across India in the past 10 days, officials said, as police try to quell sometimes violent demonstrations against a citizenship law that critics say undermines the country’s secular constitution. At least 19 people have been killed in clashes between police and protesters since parliament passed the law on Dec. 1


Congress party workers protest against the BJP and the Citizenship Amendment Bill (CAB) at Sector 18, on December 11, 2019 in Noida, India.
More than 1,500 protesters have been arrested across India in the past 10 days, officials said, as police try to quell sometimes violent demonstrations against a citizenship law that critics say undermines the country’s secular constitution.
At least 19 people have been killed in clashes between police and protesters since parliament passed the law on Dec. 1
Hundreds arrested in India during days of protests over citizenship law Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-21
Keywords: news, cnbc, companies, india, protests, citizenship, days, arrested, law, assam, muslims, country, secular, say, hundreds, state, violence


Hundreds arrested in India during days of protests over citizenship law

Congress party workers protest against the BJP and the Citizenship Amendment Bill (CAB) at Sector 18, on December 11, 2019 in Noida, India.

More than 1,500 protesters have been arrested across India in the past 10 days, officials said, as police try to quell sometimes violent demonstrations against a citizenship law that critics say undermines the country’s secular constitution.

Additionally, some 4,000 people have been detained and then released, the officials said.

Those arrested and detained had been resorting to violence during the protests, said two senior federal government officials overseeing the country’s internal security who spoke on condition of anonymity.

At least 19 people have been killed in clashes between police and protesters since parliament passed the law on Dec. 11. Critics of the law say it discriminates against Muslims and threatens India’s secular ethos because it makes religion a criteria for citizenship.

The law aims to grant citizenship to minorities of the Hindu, Buddhist, Christian, Sikh, Jain and Parsi faiths from Muslim-majority Afghanistan, Pakistan and Bangladesh, deemed as suffering persecution there. The applicant should have entered India on or before Dec. 31, 2014.

Hundreds of protesters and police have been injured in the protests, the strongest show of dissent against Prime Minister Narendra Modi’s Hindu nationalist government since he was first elected in 2014.

Modi met his council of ministers on Saturday to discuss security measures related to the protests, government sources said.

Demonstrations continued on Saturday despite curfews and tough measures aimed at shutting down the protests.

India’s most populous state, Uttar Pradesh, has seen the worst violence with nine people killed and several more in critical conditions in hospital. The state, which has long seen clashes between majority Hindus and minority Muslims, is ruled by Modi’s nationalist party.

Rights activists in the state said police had raided their houses and offices to prevent them from planning fresh demonstrations. Authorities also shut schools across the state as fresh protests erupted on Saturday.

More demonstrations were planned in several parts of the country, including in the northeastern state of Assam. Resentment against illegal immigrants from Bangladesh has simmered for years in Assam, one of India’s poorest states, where some residents accuse outsiders, Hindus or Muslims, of stealing jobs and land.

“Women in Assam have shown that we can lead a movement from the front,” Garima Garg, a fashion designer, told Reuters. She was among thousands who took part in an all-woman protest across Assam on Saturday.

Critics of the law say it has struck a blow to a country that has long taken pride in its secular constitution. India has a population of 1.3 billion, with a majority of Hindus, a large minority of Muslims and several other smaller faiths.

“This piece of legislation strikes at the heart of the Constitution, seeking to make India another country altogether,” prominent historian Ramachandra Guha wrote in The Telegraph.

He was released from police custody on Thursday after being detained for protesting against the law in the southern city of Bengaluru.

Political opposition against the law has included state leaders from regional parties saying they will prevent its implementation in their states. The government has said there is no chance the law will be repealed.

On Saturday, right-wing Hindu organizations and academicians expressed support for the law. Over 1,000 professors and scholars congratulated the parliament and government for what they said was a progressive law standing up for forgotten minorities.

“We also note with deep anguish that an atmosphere of fear and paranoia is being created in the country through deliberate obfuscation and fear-mongering, leading to violence in several parts of the country,” they said in a statement.


Company: cnbc, Activity: cnbc, Date: 2019-12-21
Keywords: news, cnbc, companies, india, protests, citizenship, days, arrested, law, assam, muslims, country, secular, say, hundreds, state, violence


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6 side hustles where you can make hundreds of dollars a week

Set your rates, availability, and the kinds of dogs your comfortable with and begin booking jobs with your smartphone. Earnings: HomeGuide reports an average cost of $20 to $30 per 30-minute walk, and $30 to $60 per hour-long walk. As a dog walker, you can take home an average of $576 per week according to ZipRecruiter. The national weekly average salary for professional organizers is $819 a week according to ZipRecruiter. Once you’re set up, you’ll need to identify your preferred skill areas, s


Set your rates, availability, and the kinds of dogs your comfortable with and begin booking jobs with your smartphone.
Earnings: HomeGuide reports an average cost of $20 to $30 per 30-minute walk, and $30 to $60 per hour-long walk.
As a dog walker, you can take home an average of $576 per week according to ZipRecruiter.
The national weekly average salary for professional organizers is $819 a week according to ZipRecruiter.
Once you’re set up, you’ll need to identify your preferred skill areas, s
6 side hustles where you can make hundreds of dollars a week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-19  Authors: jessica militare
Keywords: news, cnbc, companies, hour, week, rates, youre, earnings, dollars, average, professional, jobs, services, set, hundreds, platforms, hustles


6 side hustles where you can make hundreds of dollars a week

The reasons why someone would pick up a side hustle vary from one person to the next, whether they want more disposable income, need more money to cover expenses, are trying to pay off debt, or are aiming to build up savings. And they aren’t alone: Almost half of U.S. workers have a side gig outside of their regular job. Depending on your interests, there are plenty of ways to earn an extra dollar. With any job it’s important to research the platform or company you’re gigging with, and to know your rights as an independent worker. Here are some side jobs could help get you achieve your money goals — and you can get started right now.

Dog walking

You can sign up to be a dog walker, sitter, or boarder through a host of services, like Rover, Wag!, Barkly, and PetBacker. You can also search for locally owned pet care services in your area. The onboarding process is different for every service, but can be as simple as completing an application and passing an in-person harness and collar test — where you’re tested on putting different types of this equipment correctly on a plush dog. Set your rates, availability, and the kinds of dogs your comfortable with and begin booking jobs with your smartphone. You could also rent your outdoor space as a dog play area to pet owners through Sniffspot. Earnings: HomeGuide reports an average cost of $20 to $30 per 30-minute walk, and $30 to $60 per hour-long walk. Sniffspot estimates that some hosts earn more than $1,000 a month. As a dog walker, you can take home an average of $576 per week according to ZipRecruiter.

Video by David Fang

Moving furniture

On-demand moving services like Dolly, Phlatbed, Buddytruk, Bellhops, and Lugg operate in cities across the country, and you can also search for local moving businesses. Bellhops and Lugg do not require you to have a truck or car for moving. To use these platforms, though, you will need a smartphone. You also must be able to lift heavier items ranging from 75 to 100 pounds. Onboarding processes vary but typically include an application, background check, and an orientation process. With most of these platforms, you can set your rates and schedule. Earnings: Lugg estimates movers can earn up to $2,500 a week. Movers with trucks can earn more per hour on some platforms. Dolly reports that their helpers who have transportation make $30 per hour, and hands, who assist the helpers, make $15 per hour.

Professional organizing

Even if you’re not at a Marie Kondo level, if you’re hyperorganized and enjoy decluttering, you can turn it into a side job. There’s no specific training required to become a professional organizer, but you can take courses and webinars and get certified through The Board of Certification for Professional Organizers to demonstrate your credibility. Look for jobs through local professional organizing companies, which may require you to have previous related work experience, or register to post your services on sites like TaskRabbit and Thumbtack. Earnings: Pay depends on the size of a project and time spent on it, but you can set your own rates. CostHelper.com reports professional organizer rates are between $30 and $80 per hour. Those often depend on the needs of your area and the jobs you have under your belt. The national weekly average salary for professional organizers is $819 a week according to ZipRecruiter.

Household tasks

Get paid to help people out with home tasks like mounting photos and TVs, assembling furniture, repairs, organizing, and yard work. A few platforms like TaskRabbit, Handy, Thumbtack, and Porch offer a variety of services. Most require an application, background check, and orientation. Once you’re set up, you’ll need to identify your preferred skill areas, set your rates, and availability. Depending on the tasks you take on, you may need to invest in tools or cleaning supplies. Earnings: According to Indeed, an average salary for a handyman through Handy is $29.44 an hour, and the average salary for an assembler on TaskRabbit is $30 an hour. Keep in mind, though, that most of these platforms take a percentage of your earnings and the rates might vary based on your location.

Event catering

If you have a flexible schedule, food service experience, and are excited by the prospect of working weddings and events, give catering a try. Catering positions can include waitstaff, barbacks, and food runners. You can find jobs online and through contacting event companies in your area. Earnings: How much you can make depends on the employer, city, and the area in which you’re catering. More affluent areas or companies that do VIP events may be more lucrative. Glassdoor shows server rates range from $9 an hour on the lower end to $20 on the higher end. Tips can also come into play on top of hourly rates, but those are variable.

Mystery shopping


Company: cnbc, Activity: cnbc, Date: 2019-12-19  Authors: jessica militare
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Vox Media to cut hundreds of freelance jobs ahead of changes in California gig economy laws

“This is a bittersweet note of thanks to our California independent contractors,” John Ness, executive director of SB Nation, wrote in a post on Monday. “In 2020, we will move California’s team blogs from our established system with hundreds of contractors to a new one run by a team of new SB Nation employees.” In a separate memo seen by CNBC, Ness said that California contractors can apply for a full-time or part-time position in California. The announcement follows the September passage of Ass


“This is a bittersweet note of thanks to our California independent contractors,” John Ness, executive director of SB Nation, wrote in a post on Monday.
“In 2020, we will move California’s team blogs from our established system with hundreds of contractors to a new one run by a team of new SB Nation employees.”
In a separate memo seen by CNBC, Ness said that California contractors can apply for a full-time or part-time position in California.
The announcement follows the September passage of Ass
Vox Media to cut hundreds of freelance jobs ahead of changes in California gig economy laws Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: ari levy alex sherman, ari levy, alex sherman
Keywords: news, cnbc, companies, laws, jobs, economy, person, york, hundreds, employees, vox, contractors, media, ness, cut, california, changes, gig, nation, freelance


Vox Media to cut hundreds of freelance jobs ahead of changes in California gig economy laws

Jim Bankoff, chairman and chief executive officer of Vox Media Inc. David Paul Morris | Bloomberg | Getty Images

Hundreds of freelance writers at Vox Media, primarily those covering sports for the SB Nation site, will lose their jobs in the coming months as the company prepares for a California law to go into effect that will force companies to reclassify contractors in the state as employees. “This is a bittersweet note of thanks to our California independent contractors,” John Ness, executive director of SB Nation, wrote in a post on Monday. “In 2020, we will move California’s team blogs from our established system with hundreds of contractors to a new one run by a team of new SB Nation employees.” In a separate memo seen by CNBC, Ness said that California contractors can apply for a full-time or part-time position in California. Contractors who wish to continue contributing can do so but “need to understand they will not be paid for future contributions,” he said. “We know this may be a difficult decision, so we’re giving everyone affected 30 days to decide what works for them,” Ness added.

The announcement follows the September passage of Assembly Bill 5 (AB5) by the California Assembly and its signing by Gov. Gavin Newsom. Targeted primarily at ride-hailing and food delivery companies like Uber, Lyft, DoorDash and PostMates, the legislation requires gig economy workers to be hired as employees with benefits like health coverage and minimum wage protections. As it pertains to Vox, the law forbids nonemployees from submitting more than 35 pieces per year. Most of the changes at Vox will be at SB Nation, which has writers all over the country covering professional and college sports, but will also touch other sites like Curbed and Eater, according to a person familiar with the matter.

DoorDash delivery person Source: DoorDash

SB Nation is posting about 20 part-time and full-time jobs, so some of the freelancers may be hired on as staff, said the person, who asked not to be named because not all the details have been made public. A few of them were posted on Monday. Vox, backed by NBCUniversal (the parent of CNBC), has been expanding. The company acquired New York Media in September, inheriting a portfolio of media properties including New York Magazine, The Cut, Intelligencer, Vulture and Grub Street. Vox acquired tech blog Recode in 2015.


Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: ari levy alex sherman, ari levy, alex sherman
Keywords: news, cnbc, companies, laws, jobs, economy, person, york, hundreds, employees, vox, contractors, media, ness, cut, california, changes, gig, nation, freelance


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Hundreds of Nike employees march to protest its treatment of women, reports

A giant sculpture reads “Do the right thing,” at the Nike headquarters on March 22, 2018 in Beaverton, Oregon. Nike employees protested the sportswear company’s treatment of women on Monday, the same day Nike reopened a building at its headquarters named after disgraced running coach Alberto Salazar, according to several news reports. Nike has been criticized for its treatment of female athletes for some time. But questions surrounding Nike’s treatment of women in the workplace extends even furt


A giant sculpture reads “Do the right thing,” at the Nike headquarters on March 22, 2018 in Beaverton, Oregon.
Nike employees protested the sportswear company’s treatment of women on Monday, the same day Nike reopened a building at its headquarters named after disgraced running coach Alberto Salazar, according to several news reports.
Nike has been criticized for its treatment of female athletes for some time.
But questions surrounding Nike’s treatment of women in the workplace extends even furt
Hundreds of Nike employees march to protest its treatment of women, reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-10  Authors: elly cosgrove, lauren thomas
Keywords: news, cnbc, companies, oregon, female, treatment, allegations, according, reports, employees, hundreds, women, thinner, protest, salazar, nike


Hundreds of Nike employees march to protest its treatment of women, reports

A giant sculpture reads “Do the right thing,” at the Nike headquarters on March 22, 2018 in Beaverton, Oregon.

Nike employees protested the sportswear company’s treatment of women on Monday, the same day Nike reopened a building at its headquarters named after disgraced running coach Alberto Salazar, according to several news reports.

Hundreds of employees marched at Nike’s Beaverton, Ore. headquarters, a campus where many of the buildings are named after famous athletes that have signed Nike endorsement contracts such as Tiger Woods, Michael Jordan and Mia Hamm, according to local and national news reports.

Employees distributed fliers that warned employees against speaking to the press and said the walk was designed to “celebrate what women bring to sport and to champion equality,” the Willamette Week reported.

The march was not sanctioned by Nike, but several senior executives joined the employees and engaged them in a dialogue, according to a Wall Street Journal report.

This protest comes about a month after Nike was hit with a damning op-ed in the New York Times by running prodigy Mary Cain that highlighted the obstacles female athletes have faced while training with Salazar, the coach of Nike’s now-shuttered Oregon Project.

When she arrived at Nike for training, Cain said the all-male staff, including Salazar, told her she needed to be “thinner and thinner and thinner” if she wanted to improve as a runner. She also said she was “emotionally and physically abused by a system designed by Alberto [Salazar] and endorsed by Nike.”

Cain tweeted out photos of protesters holding signs that said things like “empower women,” “do the right thing” and “we believe in Mary.”

Cain also said that the company must allow a third party to run its investigation of Salazar. Nike launched an “immediate” investigation into the Oregon Project and Salazar after the allegations of body-shaming.

“These allegations are completely inconsistent with our values,” a spokesperson told CNBC in an emailed statement in response to the allegations made against the Oregon Project a little over a month ago.

Salazar was banned for four years earlier this year by the U.S. Anti-Doping Agency on counts of three doping code violations. However, the head coach has denied any wrongdoing.

Nike has been criticized for its treatment of female athletes for some time.

In May, the New York Times reported that two former Nike runners, Kara Goucher and Alysia Montano, said their contracts were cut during their pregnancies. Olympic champion Allyson Felix, in a separate op-ed that month, said she was similarly treated.

But questions surrounding Nike’s treatment of women in the workplace extends even further back. In 2017, an informal survey was circulated by female employees at the company that sought to gather insight into other women’s experiences with inappropriate behavior and discrimination at the company.

This survey was brought to the attention of former CEO Mark Parker who initiated a formal review that led two top-ranking executives to resign and a public apology from Parker, who is stepping down next month.

A group of female former employees sued the company in August 2018 over allegations that it systematically discriminated against women and fostered a hostile work environment, according to a lawsuit.

Nike didn’t immediately respond to a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-12-10  Authors: elly cosgrove, lauren thomas
Keywords: news, cnbc, companies, oregon, female, treatment, allegations, according, reports, employees, hundreds, women, thinner, protest, salazar, nike


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Uber reveals widespread sexual assault problem, including hundreds of reports of rape

In an extensive new report, Uber details for the first time the number of sexual abuse complaints made to the company in 2017 and 2018. The 84-page report reveals several startling statistics:235 reports of rape in 2018, up from 229 in 2017. In all, Uber received 5,981 reports of sexual abuse between 2017 and 2018. But when notified of a sexual assault, Uber doesn’t contact law enforcement unless directed by the victim. Uber was aware of law enforcement involvement in only 37 percent of the sexu


In an extensive new report, Uber details for the first time the number of sexual abuse complaints made to the company in 2017 and 2018.
The 84-page report reveals several startling statistics:235 reports of rape in 2018, up from 229 in 2017.
In all, Uber received 5,981 reports of sexual abuse between 2017 and 2018.
But when notified of a sexual assault, Uber doesn’t contact law enforcement unless directed by the victim.
Uber was aware of law enforcement involvement in only 37 percent of the sexu
Uber reveals widespread sexual assault problem, including hundreds of reports of rape Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: conor ferguson, stephanie gosk, rich schapiro
Keywords: news, cnbc, companies, report, sexual, hundreds, 2017, reveals, rape, problem, uber, west, reports, nam, widespread, riders, 2018, including, company, assault


Uber reveals widespread sexual assault problem, including hundreds of reports of rape

Uber received 235 reports of a rape occurring during a ride in the United States last year — an average of four a week, according to a company review released Thursday.

The ride-hailing company has come under increasing scrutiny amid a flood of lawsuits from riders alleging they were sexually assaulted by drivers.

In an extensive new report, Uber details for the first time the number of sexual abuse complaints made to the company in 2017 and 2018.

The 84-page report reveals several startling statistics:

235 reports of rape in 2018, up from 229 in 2017.

280 reports of attempted rape in 2018, down from 307 in 2017.

1,560 reports of groping in 2018, up from 1,440 in 2017.

376 reports of unwanted kissing to the breast, buttocks or mouth in 2018, down from 390 in 2017.

594 reports of unwanted kissing to a different body part in 2018, up from 570 in 2017.

In all, Uber received 5,981 reports of sexual abuse between 2017 and 2018.

Drivers aren’t always the alleged attackers, according to the report. The company said riders were the accused party in 45 percent of the reports filed.

In the case of alleged rapes, however, riders were the victims in 92 percent of the 464 reports.

Tony West, Uber’s chief legal officer, acknowledged that the figures were difficult to confront.

“Each of those incidents represents an individual who has undergone a horrific trauma,” West told NBC News.

“But I’m not surprised by those numbers. And I’m not surprised because sexual violence is just much more pervasive in society than I think most people realize.”

More from NBC News:

Cellphone-related injuries on the rise, study says

U.S. homeland security abandons plan for face scans for U.S. citizens

Instagram to collect ages in push for youth safety, alcohol ad dollars

The report, remarkable in scope and detail, was released during a rocky period for the company.

Uber went public earlier this year, but its stock has floundered. In August, Uber reported a record quarterly loss of $5.2 billion. And in October, the company laid off 350 employees in what was the third round of cuts in recent months.

In an interview, West said the company felt a responsibility to release its sexual assault statistics. He emphasized that the overwhelming majority of Uber trips end safely.

“We do four million rides a day. That’s 45 trips per second,” West said. “And when you’re operating at that kind of scale, thankfully, 99.9 percent of those rides end with absolutely no safety incident whatsoever.”

Uber hired the National Sexual Violence Resource Center and the Urban Institute to assist in the preparation of the report.

Karen Baker, chief executive officer of the National Sexual Violence Resource Center, praised the ride-hailing service for making the results public, saying she wasn’t aware of any other company voluntarily releasing such unflattering information about itself.

“It’s unprecedented,” Baker said. “And it’s very refreshing. It’s absolutely what needs to happen to bring this out of the shadows.”

“I think that Uber is setting a new high bar for corporate responsibility and transparency,” Baker added. “And I hope a lot of others follow suit.”

Safety concerns have dogged Uber since its launch eight years ago.

Allegations of sexual assaults during Uber rides have piled up in recent years in the form of lawsuits and media interviews. Other ride-hailing companies, including Lyft, have faced similar allegations.

Four alleged victims of predatory Uber drivers recounted their stories to NBC News in May 2018.

One of the women, Addison Hoover, said she hailed an Uber for what should have been a 13-minute ride from her boyfriend’s house to her sister’s apartment in Los Angeles in March 2018. But the driver instead took her to his home, forced her inside and raped her.

“I was so humiliated and felt like that I was in the wrong,” Hoover said. “And then a few hours later, I tried to take my own life over this because I was so disgusted.”

Stephanie Nam, of Brooklyn, N.Y., said at the end of a ride in July 2017 her Uber driver opened her door and jumped into the back seat with her. “He said, ‘I just need two minutes with you, baby,'” Nam said.

She escaped the car and made it home safely. But Nam said when she opened the app six months later, she noticed that her attacker was still driving for Uber.

“He just changed his picture to make him look like someone else, but it was the same guy,” Nam said.

Uber declined to comment on the accounts from Nam and Hoover.

The company has ramped up its background checks and rolled out a fleet of new features intended to keep riders safe, including an emergency button that allows users to call 911 through the app.

The report says more than a million prospective drivers failed to make it through Uber’s screening process during 2017 and 2018. The report also notes that Uber banned more than 40,000 U.S. drivers in the last two years as a result of ongoing criminal and motor vehicle screenings.

Uber said it plans to, for the first time, share those names with other ride-hailing companies, including Lyft.

But when notified of a sexual assault, Uber doesn’t contact law enforcement unless directed by the victim. Uber was aware of law enforcement involvement in only 37 percent of the sexual assault cases reported to the company, the report says.

“One of the facts about sexual assault is that it is a very underreported offense, and there are a whole lot of reasons why individuals don’t report to law enforcement,” West said.

“Uber shouldn’t make that choice for survivors,” he added. “Survivors should make that choice for themselves.”

In addition to the statistics on sexual assaults, the report also provides figures on fatal crashes and deadly assaults.

Between 2017 and 2018, 107 people died in Uber-related crashes, which the report says is roughly half of the national motor vehicle fatality rate.

Over the same period, 19 people were killed in fatal assaults during Uber rides. Of the victims, eight were riders, seven were drivers and four were third-parties such as bystanders outside the vehicles.

Uber says it will release a safety report every two years.

West, the company’s chief legal officer, said the decision to undertake such an effort was set in motion two years ago when he was hired by Uber’s new chief executive officer, Dara Khosrowshahi.

“We had to measure what was happening on our platform,” West said. “Because we know in business, if you don’t measure it, you can’t address it.”

West said company executives are fully aware that releasing the statistics could hurt their business. But he said they felt an obligation to do so in order to combat the scourge of sexual violence.

“It exists everywhere,” West said. “It exists in our companies, in our classrooms, in our homes.”

“The only way to grapple with that is to push through the discomfort that we feel in talking about these issues. To count it where we can, to confront it, and thereby end it.”

Follow @CNBCTech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: conor ferguson, stephanie gosk, rich schapiro
Keywords: news, cnbc, companies, report, sexual, hundreds, 2017, reveals, rape, problem, uber, west, reports, nam, widespread, riders, 2018, including, company, assault


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Hundreds march in Hong Kong against use of tear gas; city braces for further protests

Pro-democracy protesters take part in a Thanksgiving Day rally at Edinburgh Place on November 28, 2019 in Hong Kong. Hundreds of protesters in Hong Kong, including many families with children, marched on Sunday in protest against police use of tear gas as the Asian financial hub geared up for further anti-government demonstrations following a week of calm. Carrying yellow balloons and waving banners that read “No tear gas, save our children”, the protesters streamed through the city’s central bu


Pro-democracy protesters take part in a Thanksgiving Day rally at Edinburgh Place on November 28, 2019 in Hong Kong.
Hundreds of protesters in Hong Kong, including many families with children, marched on Sunday in protest against police use of tear gas as the Asian financial hub geared up for further anti-government demonstrations following a week of calm.
Carrying yellow balloons and waving banners that read “No tear gas, save our children”, the protesters streamed through the city’s central bu
Hundreds march in Hong Kong against use of tear gas; city braces for further protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-01
Keywords: news, cnbc, companies, joined, kong, protests, hong, tear, hundreds, protest, prodemocracy, protesters, braces, children, city, gas, marches


Hundreds march in Hong Kong against use of tear gas; city braces for further protests

Pro-democracy protesters take part in a Thanksgiving Day rally at Edinburgh Place on November 28, 2019 in Hong Kong.

Hundreds of protesters in Hong Kong, including many families with children, marched on Sunday in protest against police use of tear gas as the Asian financial hub geared up for further anti-government demonstrations following a week of calm.

Carrying yellow balloons and waving banners that read “No tear gas, save our children”, the protesters streamed through the city’s central business district towards government headquarters on the main Hong Kong island. Three marches are planned for Sunday and all have been approved by authorities.

On Saturday, secondary school students and retirees joined forces to protest against what they called police brutality and unlawful arrests.

Activists have pledged to maintain the momentum of the movement that has roiled the China-ruled territory for nearly six months.

Holding umbrellas to shield themselves from the sun, many people were seen pushing their children in strollers, while one man with a balloon festooned to his wheelchair also joined the procession.

“We want the police to stop using tear gas,” said a woman surnamed Wong, who was marching with her husband and five year old son.

“It’s not a good way to solve the problem. The government needs to listen to the people. It is ridiculous.”

Police have fired around 10,000 rounds of tear gas since June, the city’s Secretary for Security, John Lee, said this week.

Anti-government protests have rocked the former British colony since June, at times forcing government offices, businesses, schools and even the international airport to shut.

However, there has been relative calm since local elections last Sunday delivered an overwhelming victory to pro-democracy candidates.

Sunday’s marches came as a top Hong Kong official said the government was looking into setting up an independent committee to review the handling of the crisis, in which demonstrations have become increasingly violent.


Company: cnbc, Activity: cnbc, Date: 2019-12-01
Keywords: news, cnbc, companies, joined, kong, protests, hong, tear, hundreds, protest, prodemocracy, protesters, braces, children, city, gas, marches


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Hundreds of flights cancelled and thousands delayed as winter storm disrupts Thanksgiving travel

Snowfalls neared 12 inches in parts of the state on one of the busiest travel days of the year. A big winter storm caused major disruptions for travelers returning from the Thanksgiving holiday at airports across the U.S. Sunday. More than 600 flights into, out of and withing the U.S. were cancelled and another 3,400 were delayed, according to the website FlightAware. Air travelers faced hours-long delays at some northeastern airports as a winter storm approached the region. Airlines are expecte


Snowfalls neared 12 inches in parts of the state on one of the busiest travel days of the year.
A big winter storm caused major disruptions for travelers returning from the Thanksgiving holiday at airports across the U.S. Sunday.
More than 600 flights into, out of and withing the U.S. were cancelled and another 3,400 were delayed, according to the website FlightAware.
Air travelers faced hours-long delays at some northeastern airports as a winter storm approached the region.
Airlines are expecte
Hundreds of flights cancelled and thousands delayed as winter storm disrupts Thanksgiving travel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-01  Authors: leslie josephs spencer kimball, leslie josephs, spencer kimball
Keywords: news, cnbc, companies, dec, region, according, airlines, thanksgiving, flights, delayed, faced, winter, disrupts, travelers, storm, travel, snow, cancelled, thousands, airports, hundreds


Hundreds of flights cancelled and thousands delayed as winter storm disrupts Thanksgiving travel

Signage outside Minneapolis-St. Paul International Airport is caked in snow after a blizzard struck overnight on November 27, 2019 in Bloomington, Minnesota. Snowfalls neared 12 inches in parts of the state on one of the busiest travel days of the year.

A big winter storm caused major disruptions for travelers returning from the Thanksgiving holiday at airports across the U.S. Sunday.

More than 600 flights into, out of and withing the U.S. were cancelled and another 3,400 were delayed, according to the website FlightAware.

A trans-continental storm system reached the Great Lakes region Sunday after sweeping across the country from the western U.S. to the northern Plains, according to the National Weather Service. The Upper Midwest faced blizzard conditions, with the region from the eastern Dakotas to northern Michigan facing potential snowfall of 6 to 12 inches.

Air travelers faced hours-long delays at some northeastern airports as a winter storm approached the region. The storm was approaching the Northeast on Sunday, packing high winds, snow, ice and rain and expected to last until at least Monday evening, according to federal forecasters.

The interior of New York up through Maine braced for 8 to 16 inches of snow, while coastal New England faced rain and wind. The southeastern U.S. was hit by thunderstorms.

The disruptions coincide with what trade group Airlines for America expects to be the busiest day of the year for the airline industry, with 3.1 million passengers. Airlines are expected to carry a record 31.6 million travelers during the 12 days around Thanksgiving, a nearly 4% increase from last year.

American Airlines waived date change-fees for travelers booked to fly on Dec. 1 or Dec. 2 to or from more than 30 airports in the Northeast, including LaGuardia, Kennedy, Newark, Philadelphia and Boston, if travelers can fly as late as Dec. 5. Travelers can also cancel their trips without paying a fee. Delta, JetBlue and United issued similar waivers for travelers.

Close to 160 flights in and out of Newark were delayed as of midday Sunday and 56 were cancelled, about 11% of the schedule according to flight-tracking site Flightaware.com. Delays into the New Jersey airport topped two hours and one hour into LaGuardia, the Federal Aviation Administration said.


Company: cnbc, Activity: cnbc, Date: 2019-12-01  Authors: leslie josephs spencer kimball, leslie josephs, spencer kimball
Keywords: news, cnbc, companies, dec, region, according, airlines, thanksgiving, flights, delayed, faced, winter, disrupts, travelers, storm, travel, snow, cancelled, thousands, airports, hundreds


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