ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! Daniel de Visé here with today's top headlines. |
First-time homebuyers Michael Wathen and his fiancé thought they'd found their dream home , a spacious 3-bedroom bungalow in Decatur Township, Indiana. Then, like thousands of other Indianapolis families, they were outbid by a real estate investment company. |
An investigation by the Indianapolis Star, part of the USA TODAY Network, into institutional investor-owned houses in the county surrounding Indianapolis found five of the biggest real estate investment companies and their apparent affiliated limited liability companies control at least 5,943 of Indianapolis' homes as of February 2023. Another six control at least 1,521 more. Those conclusions were based on an analysis of property tax records from Attom Data and the Fair Housing Center of Central Indiana. |
"There's no way you can ever succeed with this," Wathen said. "If you play by the rules, it's like somebody else has a cheat code while you have your regular cards to play with. It was very difficult." | The Equal Employment Opportunity Commission is suing Elon Musk's electric vehicle maker Tesla for a pervasive pattern of racial abuse at one of its manufacturing plants and for retaliating against Black employees who spoke out. Chip Somodevilla, Getty Images |
'Kill Black people': Elon Musk's Tesla sued for racial abuse |
The Equal Employment Opportunity Commission is suing Tesla, Elon Musk's electric vehicle company, alleging a pervasive pattern of racial abuse at one of its manufacturing plants, and retaliation against Black employees who complained. |
According to the lawsuit, filed Thursday in federal court in Oakland, Californian, Black employees at Tesla's Fremont, California, facility were routinely subjected to graffiti, swastikas, threats such as "'kill black people," and nooses on desks and other equipment, in bathroom stalls, in elevators and on new vehicles on the production line, the EEOC alleged. |
Black employees described racist imagery as "frequent," "constant," "a regular thing," and occurring "too many times to count," the lawsuit alleged. |
Employees who objected were terminated, transferred or had their job duties changed, according to the lawsuit. |
"Despite having actual or constructive knowledge of racial harassment and misconduct, Tesla failed and refused to take steps to address the behavior," the federal agency alleged. "Tesla failed to investigate complaints of racial misconduct. Tesla failed to adopt policies or practices to ensure that its temporary workforce did not perpetrate racial harassment at the Fremont Factory." |
Tesla had reported a jump in second-quarter profits on July 19 as a series of price cuts yielded sharply higher sales. The firm reported profits of $2.7 billion, up 20% from a year ago. |
Tesla did not immediately respond to a request for comment. |
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About two-thirds of Americans (63%) drink coffee daily, according to the National Coffee Association. That equates to about 1.7 cups daily for everyone in the nation., or 2.8 cups daily per coffee drinker. |
But the U.S. doesn't even rank among the top ten countries in terms of per capita coffee consumption, at 324 cups per capita). Number one: Lebanon, at 1,516 cups per person per year, according to research firm Euromonitor International. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. | | | | An investigation found that five of the biggest real estate rental investment companies control almost 6,000 Indianapolis homes. | | | | The Equal Employment Opportunity Commission is suing electric vehicle maker Tesla for a pervasive pattern of racial abuse at a California plant. | | | | Hundreds of thousands of government employees may be expected to continue working without pay if the shutdown comes to fruition on Oct. 1. Here's what to expect. | | | | A government shutdown may commence on Sunday, and the mere threat of it is already bringing stock prices down | | | | From coffee subscriptions and travel coffee mugs to best independent coffee shops in the US, how and where do you enjoy your coffee? Vote now. | | | | Eagle Produce LLC is recalling 6,456 cases of whole cantaloupe after a test was conducted in a distribution center by the FDA. | | | | Virginia man bought 24 tickets using the number 8 four times and won a grand prize of $120,000. | | | | Lego announced Sunday that the prototype unveiled in 2021 made from polyethylene terephthalate will not help the company reach their sustainability goals. | | | | Costco Chief Financial Officer Richard Galanti announced the company isn't raising costs now, but eventually will. | | | | FAFSA is the main source of student financial aid, but don't overlook the CSS profile. If your school accepts it, you could win more money for school. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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