Seven Unknown AI Stocks That Could Dominate the Next Six Years

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Workers sue Disney claiming they were fraudulently induced to move to Florida from California

MIKE SCHNEIDER
June 21, 2024

ORLANDO, Fla. (AP) -- Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida to work in a new office campus only to have those plans later scrapped amid a fight between the entertainment giant and Florida Gov. Ron DeSantis.

In July 2021, the Disney Parks' chief told workers in California that most white-collar employees would be transferred to the new campus in Orlando to consolidate different teams and allow for greater collaboration.

As many as 2,000 workers in digital technology, finance and product development departments would be transferred to the campus located about 20 miles (30 kilometers) from the giant Walt Disney World theme park resort, the company said at the time.

Many workers were reluctant to make the move given their longstanding ties to Southern California and fears of uprooting their families, but Disney encouraged the move by promising a state-of-the-art, centralized workplace and greater affordability in central Florida, according to the class action lawsuit filed earlier this week.

"In sum, employees were incentivized to move through a combination of reward and punishment," the lawsuit said. "An employee could choose to move to a better life in Florida, or alternatively, choose not to move and be terminated by Disney."

By late 2021, as large numbers of Disney employees resisted relocating, Disney told them to put their moving plans on hold. Meanwhile, a group of workers who had decided to relocate, including the lead plaintiffs, Maria De La Cruz and George Fong, sold their California homes with the understanding that the company expected them to make the move, and they purchased homes in central Florida, the lawsuit said.

Fong, who works as a creative director of product design, sold his childhood home which he had inherited.

By June 2022, though, Disney leaders told the California workers that the opening of the new Orlando campus was being delayed and that they could postpone moving until 2026 but were still encouraged to relocate by 2024.

By this time, DeSantis had begun a feud with Disney over the company's public opposition to a Florida law which bars instruction on sexual orientation and gender identity in kindergarten through third grade. With the help of Republicans in the Florida Legislature, DeSantis revamped the governing district for Walt Disney World and installed his own appointees to its board in early 2023. Before the DeSantis takeover, the governing district had been controlled by supporters of Disney for more than five decades.

By May 2023, Disney told its workers that the plans to open the $1 billion campus in Orlando were being scrapped and that the workers who had moved to Florida could move back to California if they chose.

According to the lawsuit, many of the workers who had moved to Florida were worried about their job security if they didn't relocate back to California since most of their team members were still there and the company lacked the facilities in Florida to accommodate the teams.

After the decision to pull the plug on the Orlando campus, housing prices surrounding the campus dropped and the price of housing in California continued to increase, just as mortgage interest rates also rose higher in 2023. Fong and De La Cruz, a vice president of product design, have moved back or plan to move back to California and are seeking undisclosed economic and punitive damages.

"Other similarly situated individuals have been forced to purchase or rent less desirable housing upon their return to California," the lawsuit said.

Disney didn't respond to an email seeking comment on Friday.

Earlier this month, Disney and the DeSantis appointees to Disney World's governing district formally ended their fight over control of the government by signing a 15-year development agreement. Under the deal, the DeSantis appointees committed the district to making infrastructure improvements in exchange for Disney investing up to $17 billion into Disney World over the next two decades.

___

Mike Schneider's book, "Mickey and the Teamsters: A Fight for Fair Unions at Disney," was published in October by the University Press of Florida. Follow him on X, formerly Twitter.

Continue Reading...

Popular

What's Going On With Annovis Shares Today?

Annovis Bio shares rise in premarket trading on positive Phase III Parkinson's study results for buntanetap, showing cognitive improvements and stability compared to placebo.

Why Is Paramount Global Stock Surging Today?

Paramount Global shares rise as Skydance Media reportedly agrees to acquire National Amusements Inc. and merge with Paramount. This deal aims to strengthen Paramount's competitive position in the media landscape.

Wall St. Legend: Millions of Americans About to Fall Out of the 1% - Ad

Wall Street insider reveals the financial tidal wave about to knock millions of Americans out of the One Percent. Predicts it will be far worse for everyone else. Warns EVERYONE to seek higher ground now!

Why Is Bitcoin Down To $60K Today?

Bitcoin (CRYPTO: BTC) has experienced a sharp decline in early Asian trading hours, dropping from $62,000 to $59,544, marking an over 4% decrease.

Green Dreams vs. AI Reality: Google's Emissions Soar Amid Tech Expansion

Alphabet Iowned Google saw a nearly 50% surge in emissions over the past five years due to AI integration, challenging its 2030 carbon elimination goal. Google's 2023 emissions reached 14.3 million metric tons of CO2 equivalent, 48% higher than in 2019.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Elon Musk Says 'Lying On This Platform Doesn't Work Anymore' After Biden VP Kamala Harris Gets Community Noted On X After Posting About Trump

Elon Musk challenged Vice President Kamala Harris's claim about former President Trump's stance on a national abortion ban after her post on X was flagged by the Community Notes feature, asserting that Trump's position has been misrepresented.

Jim Cramer Has A Market Strategy: Interest Rates Up, Buy Mag 7; Rates Down, Buy Everything

Jim Cramer, the host of CNBC's "Mad Money," has advised investors to consider buying the 'MAG 7' stocks when interest rates rise and to buy everything when rates fall.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

AI Coding Startup Magic Seeks To Triple Its Valuation To $1.5B In New Funding Round: Report

AI coding startup Magic is reportedly in discussions to secure over $200 million in a funding round, potentially tripling its valuation to $1.5 billion.

Why Poet Technologies Stock Is Up Today

POET Technologies shares are trading higher Monday. The company announced Friday that it has been selected as winner of the "Best Optical AI Solution" award in the seventh annual AI Breakthrough Awards program. 

Biden Debate Disaster! - Ad

Last night's debate was a disaster for Biden! But as bad as it was, Biden still has one last card to play... It will probably be enough to beat Trump. Worse, Biden's secret plan will be a disaster for America.

e.l.f. Beauty Expands Roblox Partnership With Real-World Commerce Test

e.l.f. Beauty is testing real-world commerce on Roblox with support from Walmart. This initiative offers a limited-edition e.l.f. UP! Pets Hoodie.

Billionaire Peter Thiel Voices Skepticism On Bitcoin's Future Growth: 'I'm Not Sure It's Going To Go Up That Dramatically'

Tech billionaire Peter Thiel has voiced doubts about Bitcoin’s (CRYPTO: BTC) capacity for significant price growth while also expressing regret for not purchasing more of the cryptocurrency.

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

The $100K Cybertruck Needs Some FSD Love From Tesla, Says Ross Gerber: 'Would Be Nice To Have The Software'

Ross Gerber, the CEO of Gerber Kawasaki Wealth, has made a public request for Tesla Inc to include Full Self-Driving software in its $100,000 Cybertruck.

Elon Musk Responds To Vivek Ramaswamy As To Who's Running The Country After Trump-Biden Debate: 'Maybe Nobody'

Tesla Inc. CEO Elon Musk gave a cryptic response to a comment from former GOP candidate Vivek Ramaswamy about who's actually running the country.

AI Giant To Close the AI "Wealth Window' June 25? - Ad

On June 25, AI Giants will reveal "AI 2.0" to major tech executives, marking a pivotal moment in investing. This next-gen AI promises to transform lives and create a $15.7 trillion global market by 2030. This brief opportunity exists for early investors to capitalize on small breakthrough companies before this wealth window closes.

These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of

In the wake of a debate performance that drew widespread criticism, speculation has been reignited about whether President Joe Biden should bow out before the November election.

AI Alert: Wealth Window Update - Ad

I'm James Altucher, AI expert at Paradigm Press. On June 25, tech giants like Nvidia, Dell, and Alibaba could reveal "AI 2.0." This limited wealth-building window could turn $10k into $1 million with strategies I've perfected over 40 years. Act fast before everyone catches on!

Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound -- Swoops Into Buy Stock Of This Netflix Rival

On Tuesday, June 25, 2024, Cathie Wood-led Ark Invest made significant trades in NVIDIA Corp (NASDAQ:NVDA) and Roku Inc (NASDAQ:ROKU), amidst considerable market volatility.

Football Legend Ronaldinho Says 'Time For Crypto To Go Mainstream:' Is Another Token Themed After Him On The Way?

Brazilian football legend Ronaldo de Assis Moreira, better known as Ronaldinho, sounded bullish on cryptocurrencies with a recent post on X, formerly Twitter, part of a larger trend of well-known figures putting their weight behind what is still regarded as a volatile asset class.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Trump Reportedly Makes Decision On VP Pick, Says Running Mate Will Be At Debate

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

Report says unsecured tanker hatch spilled out gas in crash that destroyed I-95 bridge in Philly

HARRISBURG, Pa. (AP) — Gasoline spilled out from an unsecured hatch on the top of the gasoline delivery tanker that overturned and ignited beneath an Interstate 95 bridge in Philadelphia a year ago, according to new details from federal investigators.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor

NEW YORK (AP) — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation.

Supreme Court Rejects Trump-Ally Steve Bannon's Appeal, Prison Sentence Looms

The Supreme Court dismissed Steve Bannon's final appeal to avoid prison, mandating him to report to prison by July 1 for his contempt of Congress conviction.

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad

Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."

Google Makes Major Solar Move, Acquires Stake In Taiwan-Based New Green Power Owned By BlackRock

Alphabet Inc.'s subsidiary Google has purchased a stake in a Taiwanese solar power company. The deal, which involves New Green Power, a firm owned by BlackRock, could see Google procure up to 300 megawatts of renewable energy.

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Nvidia surged 217.58% over the past year, 173.78% year-to-date. Here are eight large-cap stocks that outperformed it this past year.

Could This New Project Top $1T? - Ad

This billionaire has predicted that his new venture - something I'm calling "X-9840" - could become "a trillion dollar company." Today, only three companies in the US are worth more than $2 trillion. Microsoft... Apple...and Nvidia. This has nothing to do with electric vehicles... Self-driving cars, rockets, brain chips, or satellites.

Bitcoin Rebounds From ETF Outflows, Back Above $61K

Bitcoin (CRYPTO: BTC) has bounced from its poor showing in Monday trading and is trading back above $61,000, despite significant net outflows from spot ETFs.

Boeing Faces Sanctions From NTSB Over Unauthorized Release Of 737 MAX Investigation Details

The NTSB's action further strains the relationship between Boeing and government agencies, amid the planemaker's efforts to avoid criminal charges from the U.S. Department of Justice (DOJ) before a July 7 deadline.

Warning: Not Biden, Not Trump -- D.C. Shock Coming July 31st, 2024 - Ad

In less than 30 days, a looming D.C. shock could cause market volatility to go nuclear... It'll be complete chaos for anyone caught on the wrong side of the trade.

Assault on US avocado inspectors in Mexican state led to suspension of inspections

MEXICO CITY (AP) — Two employees of the U.S. Agriculture Department were assaulted and temporarily held by assailants in the Mexican state of Michoacan, prompting the U.S. government , the U.S. ambassador to Mexico said Tuesday.

Warren Buffett's "Mystery Stock" - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership

TOKYO (AP) — Toyota shareholders voted Tuesday , grandson of the Japanese automaker’s founder, as chairman on the board.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service