Latest news with #Massaro
Yahoo
4 hours ago
- Business
- Yahoo
Debate within the debate: Should Pennsylvania's tipped minimum wage rise too?
HARRISBURG, Pa. (WHTM) — The overall debate is not new. Neither are the arguments: All surrounding states — even West Virginia, supporters of raising Pennsylvania's base pay from $7.25 are always sure to note — have higher minimum wages than Pennsylvania. But raising it could cause consumer prices to rise and cost jobs, opponents always say. But within that familiar debate — this time over House Bill 1549, which would raise minimum wage to $15 (and eventually beyond) for most Pennsylvanians at different rates depend on which counties they call home — is the question of whether if that happens, employers of tipped workers (like restaurants who employ servers) should have to pay more than the $2.83 per hour, before tips, they're currently required to pay. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now What's already true, and wouldn't change under any plan, is: For tipped workers who don't earn much, employers have to make up the difference between tipped minimum wage and full minimum wage. But under the proposed bill, tipped minimum wage would rise to 60 percent of regular minimum wage — or, for example, $9.00 when minimum wage in a given county rises to $15. The problem with that, according to restaurant industry leaders? 'What this tripling of the base wage would mean, is restaurants would need to recoup those additional expenses somehow,' said Joe Massaro of the Pennsylvania Restaurant & Lodging Association (PRLA). New Rite Aid locations listed for closure in Pennsylvania: court docs Massaro cited the experience of Washington, D.C., where years ago, the city's Democratic mayor and city council previously overturned a law — backed by other Democrats and approved by voter referendum — that would have required restaurants to pay employees full minimum wage before tips. Now leaders there have paused a minimum wage hike, under a subsequently passed referendum, due to go into effect July 1. D.C. restaurants recouped the higher wages 'mostly by adding service charges to the bill,' Massaro said. 'And when that service charge is added, then consumers customers pay less in tips, so servers were reporting making less money after the change.' Massaro said the average tipped Pennsylvania employee earns $27 per hour. PRLA backs a proposed amendment by State Rep. Robert Leadbeter (R-Columbia) to House Bill 1549, which would exclude employers of tipped workers from the proposed minimum wage hike. The overall legislation enjoys strong support by Democrats, who narrowly control the commonwealth's House of Representatives, but faces tougher odds in the Republican-controlled Senate, which would need to pass the bill before it could go to Governor Josh Shapiro, a Democrat, who supports raising Pennsylvania's minimum wage. Including Pennsylvania, 20 states have minimum wages equal to the federal minimum of $7.25 per hour. But most are in the south or mountain west; New Hampshire is the only northeastern state aside from Pennsylvania with a $7.25 hourly minimum wage. Minimum wages among states bordering Pennsylvania range from $8.75 in West Virginia to $15.50 in New York. Among all states and territories, Washington, D.C.'s $17.50 hourly minimum is highest, followed by California's $16.50. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-05-2025
- Business
- Yahoo
Why Investors Were Avoiding GeneDx Holdings Stock This Week
The company crushed analyst estimates in its first quarter, but for many investors it didn't crush them enough. Regardless, several analysts cut their price targets just after the earnings release was published. With a nearly 39% stock price decline this week, according to data compiled by S&P Global Market Intelligence, GeneDx Holdings (NASDAQ: WGS) was deep in the doghouse with investors. They traded out of the stock following the company's latest earnings release and a subsequent round of analyst price target cuts. What's interesting about GeneDx's tumble is that its first-quarter performance was, on the surface, rather good. The figures released Wednesday revealed the DNA testing company managed to boost its revenue by 42% on a year-over-year basis to slightly more than $87 million. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » On the bottom line, it posted non-GAAP (adjusted) net income of nearly $7.7 million ($0.27 per share) against the year-ago loss of nearly $8 million. Both numbers well exceeded the consensus analyst estimates. The catch was that GeneDx has posted more spectacular beats on analyst estimates in the past, to the point where many market players are expecting a continued level of outperformance -- and disappointed when they don't get it. Adding to the generally bearish sentiment, several pundits tracking GeneDx stock trimmed their price targets on the stock. One of the cutters was BTIG's Mark Massaro, who now feels the company is fairly valued at $100 per share; previously his level was $115. According to reports Massaro's modeling indicates that the company now trades at only 4 times his 2026 revenue estimate, making it attractively cheap on that basis. This is a key reason why he maintained his buy recommendation despite the price target cut. The BTIG pundit wrote in his analysis that investors overreacted to GeneDx's quarterly results, and I'd agree. I think this is one of the more solid businesses in the biotech world, and I don't feel investors should bail on it if it doesn't meet inflated growth expectations. Before you buy stock in GeneDx, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and GeneDx wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $611,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $684,068!* Now, it's worth noting Stock Advisor's total average return is 889% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Investors Were Avoiding GeneDx Holdings Stock This Week was originally published by The Motley Fool
Yahoo
21-04-2025
- Business
- Yahoo
Tempus AI Gets Bullish Boost from BTIG on Data Strength, Expansion Moves
BTIG just kicked off coverage on Tempus AI (NASDAQ:TEM) with a Buy rating and a $60 price target suggesting nearly 48% upside from where the stock trades now. Analyst Mark Massaro called the company's AI-driven data operations a significant free call option for investors, pointing to its potential for long-term growth. Warning! GuruFocus has detected 3 Warning Signs with TEM. Massaro described Tempus as a fast-growing tech company in the precision medicine space. It's starting with oncology but has already begun branching out into other areas. He also noted that the company is off to a solid start in monetizing its genomics and data services through work with pharmaceutical companies and cancer specialists. One big advantage? Tempus has one of the largest molecular libraries of cancer data. That puts it in a strong position to lead the charge in AI-powered healthcare analytics. The company's also building momentum through key partnerships. It recently teamed up with Illumina (NASDAQ:ILMN) to use AI in genomics research, expanding its focus to heart and brain conditions. On top of that, it struck a long-term deal with Recursion Pharmaceuticals (NASDAQ:RXRX) to support cancer drug development using Tempus' biomarker data. BTIG sees these moves as expanding Tempus' role in precision medicine and opening up new growth markets. And while the stock has seen a bit of turbulence lately down 1.09% over the past week it's actually held up better than the S&P 500, which dropped 2.65% in the same period. Over the past month and six months, Tempus is down 20.09% and 17.00%, respectively, but again has outperformed the S&P's declines of 9.63% and 12.21%. So far this year, Tempus is up 18.04%, compared to a 12.81% drop in the broader index a sign of strength even amid recent volatility. This article first appeared on GuruFocus.
Yahoo
04-03-2025
- Sport
- Yahoo
MTSU AD Chris Massaro appointed to College Football Playoff selection committee
Since serving on an advisory board when the College Football Playoff was being formed, Middle Tennessee State athletic director Chris Massaro knew he would want to be on the CFP selection committee one day. Massaro's wish came true Tuesday, as has was appointed to the College Football Playoff selection committee and will serve on the 13-person panel for the next three football seasons. "I've made it known that I really had a desire to be on that," Massaro told The Daily News Journal. "(Conference USA commissioner Judy MacLeod) was aware of it. (Being part of the advisory committee) really whetted my appetite, introduced me to some of the people working day to day with the CFP. "It's quite an honor. I think (the College Football Playoff) is one of the greatest sporting events in America. To play a role in that is a big honor for me. I hope it brings positive light to MTSU as well." Baylor Athletics Director Mack Rhoades will serve as selection committee chair for the 2025 season. "I look forward to contributing to the important work of evaluating the best teams in the nation and working with some extremely talented individuals," Massaro said. "College football continues to grow and evolve, and I'm excited to be a small part of the process that helps shape its future." Massaro said the new appointment will be a "heavy time commitment," but one that is worth it. "I appreciate MTSU allowing me to do that," Massaro said. "Once they start doing rankings in October, there will be a lot of in-person meetings, every Sunday for about 6-8 weeks. I'll be flying to Dallas for in-person meetings. It's going to be heavy in the fall, particularly late in the year from November until the selection in December." Massaro is a huge college football fan and watches as many games as possible. That will increase as well. "I'll be watching a ton of games, but I do that anyhow," he said. "I'm such a fan. I watch college football any chance I get. That will come naturally to me. I'll pay attention with a little more of an evaluation eye than just a college football fan." Massaro will join his CFP colleagues at an orientation in Chicago in May to learn more about the obligations. Four other new members joins Massaro in being appointed to the CFP Selection Committee. Mark Dantonio, former head coach at Cincinnati and Michigan State; Damon Evans, athletics director at Maryland; Ivan Maisel, former sportswriter for The Atlanta Constitution, Sports Illustrated, the Dallas Morning News, Newsday, ESPN and On3; and Wesley Walls, former All-America tight end from Ole Miss, were also appointed to serve on the committee beginning in the 2025 season. The new members will replace Chet Gladchek, Jim Grobe, Ward Manuel, Will Shields and Kelly Whiteside, whose terms have expired. The CFP selection committee is responsible for ranking the 25 teams in the playoff and assigning the top 12 participants to the playoff bracket, leading up to its final selections. The other returning selection committee members are Chris Ault (head coach and athletic director at Nevada), Randall McDaniel (former All-American offensive lineman, Arizona State), Mike Riley (former head coach, Oregon State and Nebraska), David Sayler (athletic director, Miami, Ohio), Carla Williams (athletic director, Virginia; and Hunter Yurachek (athletics director, Arkansas). Massaro, the fifth-longest tenured athletic director in the FBS, has spent the past 20 years leading MTSU athletics. Under his leadership, the Blue Raiders have brought home 87 conference championships (including 45 in the Sun Belt and 42 in Conference USA) and three individual national championships. The 42 CUSA titles are the most by any school since the Blue Raiders entered the league in 2013. BASKETBALL: How Courtney Blakely's second opportunity for MTSU women's basketball is making an impact Massaro was appointed to the NCAA Football Issues Committee in March 2008, served as a member of the NCAA Division I Women's Basketball Committee for the 2010-11 season, and was appointed to the NCAA Division I Leadership Council. Cecil Joyce covers high school sports and MTSU athletics for The Daily News Journal. Contact him at cjoyce@ and follow him on X, the platform formerly known as Twitter, @Cecil_Joyce. This article originally appeared on Murfreesboro Daily News Journal: College Football Playoff: MTSU's Chris Massaro on selection committee
