- Reuters
US ban on worker noncompetes faces uphill legal battle
The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies' power to adopt broad rules. The commission in unveiling the rule on Tuesday said agreements not to join employers' competitors or launch rival businesses suppress workers' wages and stunt their mobility and job opportunities. About 30 million people, or 20% of U.S. workers, have signed noncompetes, the agency said.
- Reuters
UPDATE 1-GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results
General Electric's energy spin-off company, GE Vernova, reported a wider-than-expected first-quarter loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales.
- Motley Fool
Why A.O. Smith Stock Is Down Today
Quarterly results provide no indication this stock is reaching boiling temperature.
