#how to trade the news

[reasonsforhope]

Federal regulators on Tuesday [April 23, 2024] enacted a nationwide ban on new noncompete agreements, which keep millions of Americans — from minimum-wage earners to CEOs — from switching jobs within their industries.

The Federal Trade Commission on Tuesday afternoon voted 3-to-2 to approve the new rule, which will ban noncompetes for all workers when the regulations take effect in 120 days [So, the ban starts in early September, 2024!]. For senior executives, existing noncompetes can remain in force. For all other employees, existing noncompetes are not enforceable.

[That's right: if you're currently under a noncompete agreement, it's completely invalid as of September 2024! You're free!!]

The antitrust and consumer protection agency heard from thousands of people who said they had been harmed by noncompetes, illustrating how the agreements are "robbing people of their economic liberty," FTC Chair Lina Khan said. 

The FTC commissioners voted along party lines, with its two Republicans arguing the agency lacked the jurisdiction to enact the rule and that such moves should be made in Congress...

Why it matters

The new rule could impact tens of millions of workers, said Heidi Shierholz, a labor economist and president of the Economic Policy Institute, a left-leaning think tank. 

"For nonunion workers, the only leverage they have is their ability to quit their job," Shierholz told CBS MoneyWatch. "Noncompetes don't just stop you from taking a job — they stop you from starting your own business."

Since proposing the new rule, the FTC has received more than 26,000 public comments on the regulations. The final rule adopted "would generally prevent most employers from using noncompete clauses," the FTC said in a statement.

The agency's action comes more than two years after President Biden directed the agency to "curtail the unfair use" of noncompetes, under which employees effectively sign away future work opportunities in their industry as a condition of keeping their current job. The president's executive order urged the FTC to target such labor restrictions and others that improperly constrain employees from seeking work.

"The freedom to change jobs is core to economic liberty and to a competitive, thriving economy," Khan said in a statement making the case for axing noncompetes. "Noncompetes block workers from freely switching jobs, depriving them of higher wages and better working conditions, and depriving businesses of a talent pool that they need to build and expand."

Real-life consequences

In laying out its rationale for banishing noncompetes from the labor landscape, the FTC offered real-life examples of how the agreements can hurt workers.

In one case, a single father earned about $11 an hour as a security guard for a Florida firm, but resigned a few weeks after taking the job when his child care fell through. Months later, he took a job as a security guard at a bank, making nearly $15 an hour. But the bank terminated his employment after receiving a letter from the man's prior employer stating he had signed a two-year noncompete.

In another example, a factory manager at a textile company saw his paycheck dry up after the 2008 financial crisis. A rival textile company offered him a better job and a big raise, but his noncompete blocked him from taking it, according to the FTC. A subsequent legal battle took three years, wiping out his savings. 

-via CBS Moneywatch, April 24, 2024

--

Note:

A lot of people think that noncompete agreements are only a white-collar issue, but they absolutely affect blue-collar workers too, as you can see from the security guard anecdote.

In fact, one in six food and service workers are bound by noncompete agreements. That's right - one in six food workers can't leave Burger King to work for Wendy's [hypothetical example], in the name of "trade secrets." (x, x, x)

Noncompete agreements also restrict workers in industries from tech and video games to neighborhood yoga studios. "The White House estimates that tens of millions of workers are subject to noncompete agreements, even in states like California where they're banned." (x, x, x)

The FTC estimates that the ban will lead to "the creation of 8,500 new businesses annually, an average annual pay increase of $524 for workers, lower health care costs, and as many as 29,000 more patents each year for the next decade." (x)

Clearer explanation of noncompete agreements below the cut.

Noncompete agreements can restrict workers from leaving for a better job or starting their own business.

Noncompetes often effectively coerce workers into staying in jobs they want to leave, and even force them to leave a profession or relocate.

Noncompetes can prevent workers from accepting higher-paying jobs, and even curtail the pay of workers not subject to them directly.

Of the more than 26,000 comments received by the FTC, more than 25,000 supported banning noncompetes. 

[sharemarketinsider]

Understanding the Influence of Geopolitical Events on the Stock Market

[suntails]

do you deserve to be loved?

[kastillia]

[coolreallifes]

How to Choose the Best Broker for Stock, Forex, and Crypto Trading in 2024?

Navigating the world of trading can be overwhelming, especially when it comes to selecting the right broker to meet your trading requirements. Whether you’re interested in stocks, forex, or cryptocurrencies, the choice of broker can significantly impact your trading experience and success. In this post, we’ll explore the key factors to consider when choosing a broker and introduce you to ForexJudge.com, a reliable resource that offers comprehensive reviews and detailed analysis of the world’s best brokers.

Factors to Consider When Choosing a Broker

Regulation and Security:

Ensure the broker is regulated by a reputable financial authority. Regulation provides a level of security and oversight, protecting you from fraudulent activities.

Look for brokers that offer robust security measures, including encryption and two-factor authentication, to safeguard your funds and personal information.

Trading Platform:

A good trading platform should be user-friendly, reliable, and equipped with essential tools for analysis and trading.

Consider whether the platform offers mobile compatibility if you plan to trade on-the-go.

Fees and Commissions:

Compare the fees and commissions charged by different brokers. Lower fees can significantly enhance your profitability, especially if you trade frequently.

Be aware of hidden fees, such as withdrawal charges, inactivity fees, or charges for additional services.

Range of Assets:

Ensure the broker offers the range of assets you’re interested in trading. If you plan to diversify your portfolio, choose a broker that provides access to stocks, forex, and cryptocurrencies.

Some brokers specialize in specific asset classes, so make sure your chosen broker aligns with your trading preferences.

Customer Support:

Reliable customer support is crucial, especially if you encounter issues with your account or trading platform. Look for brokers that offer multiple support channels, including live chat, phone, and email.

Check reviews to gauge the quality and responsiveness of the broker’s customer service.

Education and Resources:

Many brokers offer educational resources such as tutorials, webinars, and market analysis. These resources can be invaluable, especially for beginners.

A broker that provides regular market updates and trading insights can help you stay informed and make better trading decisions.

How ForexJudge.com Can Help

With so many brokers available, making an informed choice can be challenging. This is where ForexJudge.com comes in. ForexJudge is a trusted platform that has compiled detailed reviews and analysis of the world’s best brokers. By providing comprehensive information and user feedback, ForexJudge helps traders make well-informed decisions.

Detailed Broker Reviews

ForexJudge offers in-depth reviews of brokers across various asset classes, including stocks, forex, and cryptocurrencies. Each review covers critical aspects such as regulation, fees, trading platforms, and customer support. By reading these reviews, you can gain valuable insights into the strengths and weaknesses of different brokers, helping you choose the one that best meets your needs.

User Feedback and Ratings

In addition to expert reviews, ForexJudge features user feedback and ratings. This community-driven aspect allows traders to share their experiences and provide honest assessments of brokers. This real-world feedback can offer a clearer picture of what to expect and help you avoid potential pitfalls.

Regular Updates and Alerts

The trading world is dynamic, with brokers frequently updating their services, fees, and policies. ForexJudge keeps you informed with regular updates and alerts, ensuring you have the latest information at your fingertips. This proactive approach helps you stay ahead of the curve and make timely decisions.

Making the Final Decision

When choosing a broker, it’s essential to consider your trading goals, risk tolerance, and preferred asset classes. By leveraging the resources available on ForexJudge, you can make a well-informed decision that aligns with your trading strategy.

Steps to Follow:

Identify Your Needs:

Determine what you want to trade (stocks, forex, crypto) and what features are most important to you (low fees, robust platform, educational resources).

Research and Compare:

Use ForexJudge’s detailed reviews and user feedback to compare different brokers. Pay close attention to factors such as regulation, fees, and customer support.

Test the Platform:

Many brokers offer demo accounts. Use these to test the trading platform and ensure it meets your needs before committing real funds.

Start Small:

When you choose a broker, start with a small investment to test the waters. As you gain confidence and experience, you can increase your trading capital.

Conclusion

Choosing the right broker is a crucial step in your trading journey. By considering factors such as regulation, fees, trading platforms, and customer support, you can make an informed choice that enhances your trading experience.

For a reliable resource in your broker selection process, turn to ForexJudge.com. With its comprehensive reviews, user feedback, and regular updates, ForexJudge provides the insights you need to make the best decision for your trading needs.

Happy trading, and may your investments be fruitful!

[dkettchen]

SCIENCE IS ON IT! The kids will be ok 🙏

(They're even calling to stop the ban while they're doing this and on the same side as the rest of us in that "[they too believe that] clinicians, patients and families should make decisions about treatment on the best available evidence, not politicians."!)

[sincerely-sofie]

Ohhhh, Anon's perfect apple ask is now giving me blessed imagery of Dusknoir cutting apple slices into bunny shapes. Maybe for Opal, maybe for him to show off, either way.

The soft, the dexterity, the GENTLENESS after such a prolonged period of violence he had undergone. Opal called him her gramps for a reason, after all.

(Referencing this post)

Hey how does it feel to have given me a prompt that had me tearing up all throughout the process of drawing it because of how unbearably heartfelt and endearing it is?

[front-facing-pokemon]

[iraprince]

Hiii, i love your stuff and kinda from a distance really look up at you for, in my perception, being able to express yourself without giving a fuck. Thats sick dude, Im so so afraid, of absolutely everything, its nice to think like i might grow into someone less apologetic of my existence. Nice to see people just being yknow

hey, thank you, this is really really nice. the secret that is probably not a secret is that i am also deeply afraid a lot of the time lmao -- but less than i used to be, and in ways that feel less stifling and self-suffocating, if that makes sense.

like, it used to be "i'm scared that if i express myself the way i want to, everyone will find me obnoxious, so let's just sand those edges down to be safe" -- now my fears are more like "now that i'm expressing myself in a way that feels natural and real, i'm afraid that it's all stupid/vapid/not worthwhile or meaningful" (<- specifically abt my art) or "i'm happy that i talk and act the way i want to now, but what if it makes me impossible to befriend," etc etc etc. which still feels bad and puts me in a funk a lot of the time but at least it's a fear that comes After/in reaction to doing stuff, rather than a fear that STOPS me from doing stuff, you know? like, it's evolved into a kind of fear that's less in my way.

anyway. i believe you'll experience something like this, because wanting to grow is the first step of growing. the fact that u hope or wish for something different means you're already on your way. to fewer fucks!! or at least distributing the fucks u give in a way that serves u better

[sudaca-swag]

usamericans are their own worst enemy i swear, this girl made a whole rant on tiktok bc she paid to get heir braids done before flying to Ecuador on holidays and got mad bc she didnt know there were black ppl in Ecuador so she could have got them done there for cheaper....do you even research the country youre going to??

[thetismingtrades]

hello! i'm a new trader, and i would love to trade with anyone! my collection is largely & Juliet, which is my special interest, but i would love to grow my collection! i have my lists & rules on my carrd, which can be found here.

i record audios of australian musicals, and i'm happy to trade my audio masters :) i've only really been trading for about a month or so now, and my collections are very small.

my dms are open if anyone wants to trade!

GIFTING: CLOSED

[kitorin]

I WANNA GET HIS NUMBER

[aftermathing]

is there a creatures of sonaria fandom on tumblr? any adults here wanna talk about roblox? pspsps >:)

[tarantula-hawk-wasp]

Sing O Muse, of the wrath and the man of many turns Art trade with @a-mythologynerd of our favorite epic guys. I did the lineart for Achilles and colored her lineart for Odysseus and vice versa. Check out her art blog @artbymyth <3

[fizzytoo]

a little vandalism never hurt anybody

[vegaseatsass]

I obviously see a lot of potential for awful deranged New ships in canon; aside from my beloved miserable Pheenew, there is also i M o potential for terrible Teenew, and I always want the Tanfluke shippers to explain their passions in more detail to me.

That said, for anyone who wants a ship becoming of New's sexiness may I please suggest New/Porsche. Big brothers across universes. I do think New would probably be pretty mean to Porsche at first for prioritizing dick over his little brother in the last year but it would actually come from deep envy over how Porsche lived for his little brother and not himself for every year before that. And together they could either learn to balance their "I don't deserve a life of my own unless he's okay" unhingedness, or lean into it together and make each other worse <3