Earnings Multiples May Compress on S&P 500: 3-Minute MLIV
Anna Edwards, Guy Johnson, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
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Yahoo
19 minutes ago
- Yahoo
"Amen" at the end of the long day: Laid-off workers seek community and solace online
When Melanie Ehrenkranz, the founder of the 'Laid Off' Substack newsletter, launched her newsletter for unemployed workers in August 2024, she didn't expect to create a vibrant, active community of over 11,000 readers in less than a year. In addition to the newsletter, Ehrenkranz also runs a Discord community, which offers its members additional ways to connect, support each other and navigate the uncharted waters of unemployment during the second Trump term. This community is private for paid readers at the monthly fee of $5. While the particular kind of financial strain and psychological pressures that characterize unemployment have been around as long as there have been jobs, the scale of layoffs, the transformative nature of AI that is upending entire industries, stubborn inflation, economic uncertainty and new ways social media is connecting people again post-pandemic makes 2025 a unique time to be navigating the ever-shifting job market. 'This moment feels heavier,' Ehrenkranz told Salon. 'People aren't just getting laid off — they're getting ghosted, strung along, maybe even experiencing their second or third or fifth layoff in their career.' Magenta Fox, one of the members of the community Ehrenkranz created, has been laid off since 2023. Fox says this period of unemployment is 'vastly different' from the other times she was laid off, in 2009 and during 2016-2018. 'With this search, I've paid for resume rewrites and interview coaching— something I've never done at any point in my career,' Fox said. 'And it seems like there's no end in sight. At least with the Great Recession it seemed like there was an effort in Washington to try to make things better.' This time around, Fox found her interactions with recruiters more cutthroat. 'I've had recruiters no-show on calls and write rude emails— something I've never gotten from anyone, recruiter or no, in my professional life, ever,' she said. The uptick in ghosting behavior from recruiters adds to the mental health toll job hunting can take. 'The psychological effect was really enormous,' said New York-based Dio Martins, who has been recently laid off and has just landed a new remote opportunity. Martins found networking and connecting with friends helpful in his job search. 'It's incredible how helpful a little text message can be to someone, just reminding you that you're not alone, and to keep trying things,' he said. As of late May 2025, U.S. employers cut nearly half a million jobs, which is a 93% jump compared to the same period last year. So far, 2025 has been a brutal year for US employees. Major U.S. employers like Chevron, JPMorgan Chase, Microsoft, Meta Platforms, Blue Origin, Estée Lauder, Kohl's, Southwest Airlines, Walmart and Business Insider have announced major layoffs ranging from hundreds to thousands of jobs. Inspired by communities like Rachel Karten's Link in Bio Discord and Julia Harrison's Saloon Substack, Ehrenkranz wanted to remove the stigma from being unemployed and create a nurturing environment for those looking to get back on their feet. 'I noticed a lot of readers were using the Substack Chat to share their stories and ask for advice, and so I wanted to create a space that had more layers to it for people experiencing job loss to connect,' Ehrenkranz said. 'The intention behind the Discord, similar to the overall mission, is for people to feel less alone and to destigmatize layoffs. And also to have some fun and maybe make some friends.' Over time, she noticed that members started using the Discord as a way to deal with the day-to-day pressures of job searching, both online and in person. 'I've seen people in the Discord share advice on how to post about their layoff on LinkedIn without it feeling cringe, how to wear their hair in a Zoom job interview, how to respond to a hiring manager that ghosted them after several rounds of interviews, and how to tweak their resume so it doesn't get trashed by ATS software,' she said. 'I've also increasingly seen folks trying to meet up outside of the Discord, whether it's in a vent session on Google Meet or grabbing drinks during the week.' Ultimately, the mental health break and human connection is what online communities like 'Laid Off' offer its members: without the gloss or pretenses of traditional social media or the unproductive bureaucracy of an unemployment office. 'In this economy, finding full-time employment is like finding a needle in a haystack,' said 25-year-old Niya Doyle, one of the people Ehrenkranz profiled for her newsletter. Doyle made a TikTok about how she was laid off, one of many who turned to social media to seek solace from others going through the same experience. 'I just saw a lot of my FYP even before I got laid off,' she said. 'I guess it makes it feel like you're not alone. It's comforting.' Whether it's Substack comments, Reddit forums, Discord communities or TikTok posts detailing their layoff experiences, more job seekers are finding comfort in numbers on social media, making their isolating experience of a layoff a little bit more palatable. 'They're the co-workers I wish I had, in a way,' Fox said about the Laid Off community. 'We exchange tips and share rejection stories. I feel like I can go there to vent without being seen as a bummer.'
Associated Press
21 minutes ago
- Associated Press
New Mexico appeals court rejects lawsuit against oil and gas regulators
SANTA FE, N.M. (AP) — A New Mexico appeals court rejected a lawsuit alleging that the nation's No. 2 oil-producing state failed to meet constitutional provisions for protecting against oil and gas industry pollution, in an opinion Tuesday. Environmental advocates vowed to appeal the matter to the state's top court. A panel of three judges on the New Mexico Court of Appeals found that it was beyond the judiciary's authority to weigh whether the pollution controls are adequate, writing that they'll defer to the Legislature to balance the benefits of environmental regulation with natural resources development. The 2023 lawsuit from a coalition of environmental groups was the first to invoke the constitution's pollution-control clause, a 1971 amendment requiring that New Mexico prevent the contamination of air, water and other natural resources. 'While plaintiffs correctly observe that, as the 'Land of Enchantment,' the state's beauty is central to our identity, we cannot ignore the long history of permitting oil and gas extraction within our borders,' the panel wrote, invoking the state motto. 'If anything, the law, history, and tradition of our state demonstrates that resource extraction must be considered alongside, and must coexist with, pollution control legislation.' Gail Evans, an attorney at the Center for Biological Diversity and lead counsel on the case, said Tuesday's opinion would dismiss the case entirely if unchallenged and 'displays a fundamental misunderstanding of our constitution and constitutional rights.' She said plaintiffs intent to appeal to the state Supreme Court. 'Fifty years ago, New Mexico voted to amend the constitution and to provide protections from industry pollution and the court has found today that the amendment — the pollution control clause — is essentially meaningless, and that has to be wrong,' Evans said. The court challenge comes as New Mexico's state government rides a wave of record income from development in the Permian Basin, one of the world's most productive, oil-producing regions. Oil-related revenue collections underwrite a considerable amount of the state's budget, including public education. Gov. Michelle Lujan Grisham's administration is policing the industry with regulations that target methane and other emissions. But the Center for Biological Diversity and other groups say these efforts are not enough and that the state is failing to enforce existing pollution-control measures. Attorneys for the Democratic-led Legislature and environmental regulators said the lawsuit threatened their constitutional authority. Appeals Judge Katherine Wray issued an additional concurring opinion, expressing further limitations of the pollution control clause.
Android Authority
22 minutes ago
- Android Authority
Great tablet deals from Apple and Amazon!
Are you thinking of getting a tablet that is good but won't break the bank? My two favorite picks in the budget tier category are the Apple iPad A16 and the Amazon Fire Max 11. Both are on sale today, making them even more affordable! Get the Apple iPad A16 for $299 ($50 off) Get the Amazon Fire Max 11 for $174.99 ($55 off) These offers both come from Amazon. The Apple iPad A16 is available in four colors: Blue, Pink, Silver, and Yellow. All color versions are discounted equally. Apple iPad A16 If you want something more capable and much more mainstream, the Apple iPad A16 strikes the perfect balance. It's more than good enough for most users, but the price stays very reasonable. I can confidently say it offers the best value in the world of tablets. While this is technically Apple's 'lower-end tablet,' you wouldn't assume this if you didn't know its price. It looks, feels, and performs pretty much like a higher-end pad, offering an outstanding experience. I would recommend this one at full price, so the $50 discount is a really tasty cherry on top. As the name implies, this iPad has an upgraded Apple A16 chipset. It also features 4GB of RAM. While that may not sound too exciting, I can tell you it will be more than good enough for most apps and games. I use the 10th-generation iPad and have yet to see it slow down, so this one should do even better! The only downside here is that this iPad won't get Apple Intelligence. That requires an Apple A17 Pro chipset. The design is nearly identical to that of the previous generation iPad. It even has the same 9.79 x 7.07 x 0.28in dimensions, as well as an identical 1.05lbs weight! Honestly, you'll have a hard time telling them apart side to side. Another nice benefit is that the Apple iPad A16 gets twice the base storage at 128GB, as opposed to 64GB on the previous version. That means you'll be able to store twice as many apps, files, photos, and more. This is great news because we know many of you believe 64GB is too little for today's standards. The display is nearly the same, but there is technically an ever-so-slight upgrade here. This iPad display measures in at 11 inches, instead of the 10.9-inch screen in the Apple iPad 10th Generation. That said, the 0.1-inch difference is really negligible. Regardless, the definition is 2,360 x 1,640, so it's pretty sharp. If you're into hand-written notes or drawing, the Apple iPad A16 also supports both the Apple Pencil USB-C and the Apple Pencil First Generation. Battery life is pretty nice, too, at about 10 hours per charge. Amazon Fire Max 11 Amazon Fire Max 11 Amazon Fire Max 11 Competing with the big dogs in the tablet market Amazon has been in the tablet game for years, but the Fire Max 11 might be their first tablet to truly compete in the 11-inch tablet segment. A high-resolution display is backed by big battery life and enough storage for all of your apps and games. See price at Amazon Save $55.00 Limited Time Deal! The Apple iPad A16 is excellent, but it isn't for everyone. Maybe you want to spend even less, if the tablet is for a kid, or a very casual user. If I were to recommend a cheaper tablet, I would say go for the Amazon Fire Max 11. It's the best tablet Amazon has to offer, and you can currently get it for just $174.99. The Amazon Fire Max 11 is great if you want something to watch movies, do some general browsing, or even play some games! IT has a large 11-inch screen, and the resolution is actually quite nice at 2,000 x 1,200. The stereo speakers are also pretty decent. Amazon That said, most of the tablet is more modest. It has a MediaTek MT8188J octa-core processor and 4GB of RAM. Nothing impressive, but it can handle casual tasks just fine. Despite its much lower price, it still has some cool features, like a fingerprint reader and a 14-hour battery life. If you want to improve the experience, you can even get an optional keyboard case and a stylus. This turns it into a bit of a powerhouse for anyone who wants to work on documents, browse the web, draft emails, take notes, or even draw. Are you getting one of these? Make sure to act quickly! We don't know how long these offers will stick around. And if you need some alternatives, here is our list of the best Android tablets.
