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FIRST ON FOX: A trio of House Republican lawmakers led letters to 25 Biden administration agencies regarding their telework programs.

House Oversight Committee chairman James Comer, R-Ky., Government Operations and Federal Workforce subcommittee chairman Pete Sessions, R-Texas, and Rep. Lauren Boebert, R-Colo., sent letters to 25 agencies about their remote work policies.

‘Hard-working Americans across this country show up to work every day and the federal government workforce their taxes fund must follow their lead,’ Comer said in a press release exclusively obtained by Fox News Digital. ‘Even though the pandemic is over, the Biden Administration is allowing telework levels far above those that existed pre-pandemic.’

‘This is occurring in an apparently indiscriminate, unaccountable manner, without oversight from the White House or the Office of Personnel Management – whose Director could not tell members what portion of federal employees are teleworking when she appeared before the Committee in March,’ Comer continued.

‘This is unacceptable and U.S. taxpayers deserve better,’ he added. ‘Federal workers must show up to work in-person and the Oversight Committee will hold agencies accountable when their employees do not show up to work for the American people.’

Sessions said in the release that the ‘COVID emergency is over – and most Americans have been back to work for many years.’

‘Taxpayers expect the same from public servants, but telework policies and outcomes are unclear across the federal government,’ Sessions said. ‘These letters will provide necessary information to allow for increased oversight and transparency.’

‘We are taking deliberate steps to ensure taxpayers are receiving value from their government,’ the Texas Republican added. ‘I welcome federal agencies’ response and engagement in this process.’

Boebert said that while ‘many hard-working Americans were working through the pandemic, federal bureaucrats were lounging at home and not even logging in to their computers.’

‘Shockingly, more than three years past the start of the pandemic, numerous public servants are still teleworking and only going into the office one day per week, all at the expense of the American taxpayer,’ Boebert said in the release.

‘I have heard from countless constituents who did not get their tax returns back on time, who did not get their passports in a timely manner, and who did not get benefits from the VA because federal employees were teleworking,’ she continued.

‘The House Oversight and Accountability Committee and I are demanding transparency from federal agencies on their secretive telework policies so that the American people know what exactly their tax dollars are funding and how their public servants are serving them,’ Boebert added.

In the letters, the lawmakers note that the Biden administration ‘has allowed agencies to continue levels of telework and remote work that are significantly higher than before the pandemic’ but ‘has not provided current data about the specific amount of telework occurring within federal agencies or across the entire federal workforce.’

 

Comer, Sessions, Boebert Le… by Houston Keene

‘Furthermore, it has provided no objective evidence concerning the impact of elevated telework on agency performance –including any deleterious impacts,’ the lawmakers wrote.

‘We therefore seek information on the level of telework in your agency, how you have tracked its impact on performance, and what that impact has been,’ the Republicans continued.

Several Republican lawmakers from the House Oversight Committee joined Comer, Sessions, and Boebert on the letters, including Reps. Lisa McClain of Michigan, Byron Donalds of Florida, and Tim Burchett of Tennessee.

The letters went to the heads of various agencies and departments in the federal government, including Interior Secretary Deb Haaland, Housing and Urban Development Secretary Marcia Fudge, and Health and Human Services Secretary Xavier Becerra.

This post appeared first on FOX NEWS

Chartists can find leaders by ranking ETF performance in ATR multiples, and there is even an indicator for that. Normalized-ROC puts point performance in ATR multiples and we can compare these values against others. Current Normalized-ROC leaders include the Home Construction ETF (13.37), the Technology SPDR (6.40) and the Aerospace & Defense ETF (5.21). Note that TrendInvestorPro (here) recently introduced a quantified strategy that ranks and trades ETFs using Normalized-ROC.  

Normalized-ROC (200,20) is the 200-day point change (Dollar change) divided by ATR(20). The 200-day point change is simply the close less the close 200 days ago. We cannot use this point value to compare performance because high-priced ETFs will have higher values than low-priced ETFs. We can make this value comparable by dividing by 20-day ATR, which normalizes the 200-day point change. Normalized-ROC shows the price change in ATR multiples. The higher, the stronger.

The chart below shows the Home Construction ETF (ITB) with Normalized-ROC (200,20) in the first indicator window and ATR(20) in the lower window. ITB is up $18.49 (points) over the last 200 days and ATR(20) is 1.383. This means Normalized-ROC is 13.37 and ITB is up 13.37 ATR(20) values the last 200 days (18.49/1.383 = 13.37).

The next chart shows the S&P 500 SPDR (SPY) with the same indicators. SPY is up $11.17 over the last 200 days and ATR(20) is 4.686. Normalized-ROC is 2.38 (11.17/4.686 = 2.38) and this means SPY is up 2.38 ATR(20) values. ITB, in contrast, is up 13.37 ATR(20) values and clearly outperforming SPY. Here are some other leaders: ITB, XHB, GDX, XLK, SPHQ, RCD, PPA, IGA, IVE and QQQ.

Momentum strategies depend on an indicator to rank performance and find the leaders. There are 100s of such indicators, but it is hard to find one that delivers returns that justify the risk. Normalized-ROC is showing promise and details are available at TrendInvestorPro (here).

Normalized-ROC, the Trend Composite, ATR Trailing Stop and nine other indicators are part of the TrendInvestorPro Indicator Edge Plugin for StockCharts ACP. Click here to take your analysis process to the next level.

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Target on Wednesday reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.

The Minneapolis company is dealing with rising costs, which includes rising theft as a big factor, and consumers who have become more cautious about spending.

The company still topped Wall Street expectations and stuck to annual profit guidance above industry analyst projections.

Target is among the first major U.S. retailers to report quarterly results, and a lot of attention will be paid to the impact that stubbornly high inflation and tightening credit are having on customers. Walmart, the nation’s largest retailer, reports earnings Thursday. Macy’s, Kohl’s and Nordstrom post quarterly results later this month.

Home Depot, the nation’s largest home improvement retailer, said Tuesday that sales for the first quarter fell 4.2%, and it expects its first annual revenue decline since 2009. Also on Tuesday, U.S. data showed that Americans picked up their spending modestly last month, buoyed by a solid job market and a retreat in prices for some things. But it also revealed how Americans are barely keeping up with inflation.

First-quarter net income slipped nearly 6% to $950 million, or $2.05 per share, for the three-month period ended April 29. That compares with $1.01 billion, or $2.16 per share, in the year-ago period.

Sales rose 0.6% to $25.32 billion in the quarter, up from $25.17 billion in the year-ago quarter. Analysts expected earnings of $1.77 per share on $25.26 billion in sales in the latest period, according to FactSet.

It’s the fifth-consecutive quarter that the retailer’s profit has slipped, although it was much smaller this time. Target reported a 43% drop in profits for the fourth quarter, a 52% drop in third-quarter profits, 90% in the second quarter and a 52% decline in last year’s first quarter.

Target earnings per share to be in a range from $1.30 to $1.70 in the current quarter. Analysts were expecting $1.95 per share, according to FactSet. For the full year, the company is maintaining its prior guidance of $7.75 per share to $8.75 per share.

Analysts are expecting $8.36 per share, according to FactSet.Target said theft is cutting into its bottom line and it expects related losses could be $500 million more than last year, when losses from theft were estimated to be anywhere from $700 million to $800 million.

So that means losses could top $1.2 billion this year. The company said it’s seeing an increasing number of violent incidents at stores as well, but does not want to close stores and is expanding security and locking up some items.

Retailers are being hit with a rash of thefts and in some case, closing stores and pulling out of locations because of massive losses, some tied to criminal gangs. The issue has received more notice in the past few years as high-profile smash-and-grab retail thefts and flash mob robberies have garnered national attention.

First-quarter comparable sales — or those from stores or digital channels operating for the past 12 months — were flat compared with the year-ago period. That’s bit of a slowdown from the 0.7% growth in the previous quarter. Customer traffic was up. Shoppers are focused on buying necessities like groceries over non-essentials, but they still rely on Target for affordable, trendy fashions.

Comparable stores sales grew 0.7% but comparable online sales declined.

“We came into 2023 clear-eyed about what consumers were facing with persistent inflation and rising interest rates,” CEO Brian Cornell said during a media call Tuesday.

Given this competitive environment, Target is continuing to make investments in stores and online.

The discounter said in early March that it plans to invest as much as $5 billion this year expanding services for customers, including a drive-up service for returns, renovations at 175 stores and improvements in online shopping.

This post appeared first on NBC NEWS

Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor.

Citing “changing business conditions” and the return of CEO Bob Iger, Josh D’Amaro, chairman of Disney’s parks, experiences and products division, penned a memo to employees Thursday, announcing that the company will not move forward with construction of the campus and will no longer be asking more than 2,000 California-based employees to relocate to Florida.

“This was not an easy decision to make, but I believe it is the right one,” D’Amaro told employees.

Many Disney employees balked at the company’s relocation plans when they were first announced in July 2021 by former CEO Bob Chapek. While some left the company, or transitioned to other posts within Disney that would not require a move to Florida, others held out hope that the plan would fizzle out after a postponement. The campus was originally slated to open in 2022-2023, but was later delayed to 2026.

Disney is headquartered in Burbank, California, but operates a number of satellite offices across the country and the world.

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D’Amaro said employees who have already moved to Florida may be able to relocate back to California.

“It is clear to me that the power of this brand comes from our incredible people, and we are committed to handling this change with care and compassion,” he said.

Disney’s announcement comes amid a bitter feud between the company and Florida Gov. Ron DeSantis. The company filed a lawsuit accusing DeSantis and the new board members of its special district of carrying out a campaign of political retribution against the entertainment giant.

DeSantis targeted Disney’s special district, formerly called the Reedy Creek Improvement District, after the company publicly criticized a controversial Florida bill — dubbed “Don’t Say Gay” by critics — that limits discussion of sexual orientation and gender identity in classrooms.

The special district has allowed the entertainment giant to effectively self-govern its Orlando parks’ operations for decades. The district was ultimately left intact, but its five-member board was replaced with DeSantis picks and renamed the Central Florida Tourism Oversight District.

Walt Disney World on Aug. 30, 2021, in Lake Buena Vista, Fla.John Raoux / AP file

Disney filed its suit in late April after the new board voted to undo development contracts that the company said it struck to secure its investments. The company has since updated that lawsuit to include newly passed legislation targeting its monorail system as further evidence of retaliation by the governor.

Iger has publicly lambasted DeSantis and the Florida government, noting that Disney has created thousands of indirect jobs, brings around 50 million visitors to Florida every year and is the state’s largest taxpayer.

D’Amaro reiterated in his memo that the company still plans to invest $17 billion in Florida over the next 10 years, including the addition of around 13,000 jobs. The company currently employs more than 75,000 people in the state.

Disney declined to provide specific updates on that investment, but has previously announced plans to update park attractions, expand existing parks and add more cruise ships to its fleet in Florida.

“I remain optimistic about the direction of our Walt Disney World business,” D’Amaro told employees.

This post appeared first on NBC NEWS

Houston girls basketball player Teniya Morant, also the younger sister of Memphis Grizzlies star Ja Morant, announced she has committed to Mississippi Valley State on her Instagram account Wednesday night.

Mississippi Valley State was Morant’s first Division I basketball offer in late January. She also received interest from Grambling State.

This past season, Morant, a 5-foot-3 point guard, was the second-leading scorer for Houston, averaging 11.7 points per game. She also averaged 4.7 rebounds per game.

The Mustangs’ season ended in the region quarterfinals with a loss to Whitehaven, 50-29.

Ja Morant has been in headlines this week following an Instagram Live video that appeared to show him brandishing a gun, which went viral Sunday morning. Morant was suspended from all Memphis Grizzlies team activities and the NBA is conducting an investigation into the incident.

This is the second time in about 10 weeks that Morant has appeared to flash a gun during a social media video. He was suspended eight games by the NBA after the first incident.

This post appeared first on USA TODAY

The expected depth at point guard for the Michigan men’s basketball team might not be so deep after all.

Guard Caleb Love, who had committed to transfer to the Wolverines after three seasons at North Carolina, reportedly decommitted on Wednesday, according to Joe Tipton of On3.com. Love was ranked as the No. 16 transfer available this offseason by 247 Sports.

Love averaged 16.7 points, 2.8 assists and 3.7 rebounds in 35.7 minutes a game for the Tar Heels last season. He starred in North Carolina’s 2022 run to the NCAA tournament title game, averaging 18.8 points over six games. Love is a high-volume scorer, meaning he needs the ball often; he averaged 15.1 shots a game last season, but shot just 37.8% overall and just 29.9% on 3-pointers, despite taking 7.4 shots beyond the arc per game.

Michigan still has Jaelin Llewellyn and Dug McDaniel returning at point guard. Llewellyn, who transferred from Princeton before last season, was injured in the season’s eighth game, tearing his ACL in a Dec. 4 game against Kentucky in London. He averaged seven points and 2.8 assists in his short stint as the starter. After undergoing knee surgery, he received a medical hardship waiver from the NCAA in order to return for the 2023-24 season.

Michigan is also set to add Nimari Burnett, a transfer from Alabama, as well as guard George Washington III, the Wolverines’ lone remaining commitment from the class of 2023, who was the Ohio Gatorade Player of the Year last season.

Still, Llewellyn isn’t at full strength yet.

McDaniel, a true freshman last season, became a starter after Llewellyn’s injury. After a slow start to the season, his shooting clicked, as he averaged 13.8 points, 3.5 assists, 2.5 rebounds and 1.3 steals over the Wolverines’ final eight games, while shooting 43.3% from outside.

Detroit Free Press sports writer Tony Garcia contributed to this report.

This post appeared first on USA TODAY

The WNBA regular season begins Friday night, and all 12 teams will be in action this weekend as the league embarks on its 27th season.

Four games are on tap on opening night, highlighted by a nationally televised late-night game in Los Angeles between the Sparks and the Mercury that will see seven-time All-Star Brittney Griner return to the court after the Phoenix star missed all of last season when she was detained for more than nine months in Russia.

But the night kicks off with a powerhouse matchup in Washington, D.C., when the 2019 champion Mystics – featuring a now healthy, two-time MVP Elena Delle Donne – host the star-laden New York Liberty, who added two former MVPs – Breanna Stewart (2018) and Jonquel Jones (2021) – to a lineup that already includes young star Sabrina Ionescu.

At the same time, No. 1 overall draft pick Aliyah Boston will make her debut in Indianapolis when the Indiana Fever host a Connecticut Sun team that reached the WNBA Finals in 2022. Also in action, the Minnesota Lynx host the Chicago Sky in a battle of former champions who have each undergone significant roster changes in the past couple of years.

ABC will broadcast two afternoon games on Saturday, beginning with a matchup in Dallas between the Wings and the Atlanta Dream. That game will be immediately followed by the last two teams to make their 2023 debut, when two-time MVP A’ja Wilson and the reigning champion Las Vegas Aces face a new-look Seattle Storm team that lost Stewart to New York in free agency and franchise icon Sue Bird to retirement after two decades in the league.

Here is the schedule for opening weekend of the 2023 WNBA regular season, with times and TV info. For the full regular-season schedule, click here.

Friday’s schedule

Connecticut Sun at Indiana Fever, 7 p.m. ET

New York Liberty at Washington Mystics, 7 p.m. ET (NBA TV)

Chicago Sky at Minnesota Lynx, 8 p.m. ET

Phoenix Mercury at Los Angeles Sparks, 11 p.m. ET (ESPN

Saturday’s schedule

Atlanta Dream at Dallas Wings, 1 p.m. ET (ABC)

Las Vegas Aces at Seattle Storm, 3 p.m. ET (ABC)

Sunday’s schedule

Washington Mystics at Connecticut Sun, 1 p.m. ET

Indiana Fever at New York Liberty, 2 p.m. ET (Twitter)

Chicago Sky at Phoenix Mercury, 4 p.m. ET (ESPN)■ Griner’s first home game

This post appeared first on USA TODAY

A state judge in Florida has ruled in favor of Tiger Woods in his public dispute against his ex-girlfriend, ordering the matter to be resolved in private arbitration after it spilled into public court with allegations of sexual harassment and a messy breakup between the two in October.

Judge Elizabeth Metzger issued the ruling late Wednesday, handing the famed golfer a victory in his quest to keep his private conflict with Erica Herman out of the public eye.

‘The parties are ordered to submit this action to arbitration,’ Metzger ruled. ‘Pursuant to applicable law, this case is stayed pending completion of arbitration. The parties shall advise the Court once arbitration has been completed. The Clerk of the Court shall administratively close this case.’

What was this about?

The issue at hand was about whether this dispute between these two former lovers should be resolved privately in arbitration under terms of the nondisclosure agreement (NDA) that Woods’ attorney said they signed in 2017. But the larger dispute started with their breakup in October, when Herman said Woods arranged to kick her out of his house in violation of an oral tenancy agreement she said she had to keep living there for several more years.

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In response to her ouster from the home, Herman sued the trust that Woods established for that house, claiming more than $30 million in damages. This led Woods to try to steer the dispute into private arbitration pursuant to the terms of the NDA.

The dispute got even uglier after that. In March, Herman filed this lawsuit against Woods to challenge that NDA and have the court declare it invalid. Her attorney even cited new federal laws in which NDAs and forced arbitration agreements don’t apply in disputes involving sexual harassment. Established in 2022, such laws were designed to eliminate the use of NDAs and private arbitration as a way for sexual predators to avoid public accountability.

In a court filing dated May 5, her attorney also said Herman didn’t even recall signing the NDA in question. The judge didn’t buy it, however.

‘Importantly, Herman has not ‘denied’ that her signature is on the NDA,’ the judge ruled. ‘Herman additionally has not ‘denied’ that the clear terms of the NDA require the resolution of her disputes, claims or controversies with Woods via binding, confidential arbitration.’

What was her sexual harassment case?

Herman didn’t get into any detail about it until May 5, when her attorney filed a court document that said Woods pursued a sexual relationship with her when she was his employee at his restaurant and then forced her to sign an NDA about it – or be fired from her job if she did not. Herman worked at his restaurant, The Woods, in Jupiter, Florida, until she resigned in 2020.

At a court hearing in Stuart, Florida, May 9, Metzger asked Herman’s attorney, Benjamin Hodas, to clarify this part of his case. But Hodas declined to go into further detail, saying it might violate the disputed NDA, which required Herman to keep her private life with Woods confidential. 

Hodas instead wanted the court to provide more clarity on what more he could reveal about this issue under the law without violating the disputed NDA.

‘There are issues we have not filed with the court yet, facts, that involve the sexual harassment prong of the EFAA,’ Hodas said, referring to the federal law known as the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act. ‘Unfortunately, because of this document (the NDA), we’ve just been very careful on what allegations we make to the court, that we put in writing because, given the broad scope, at least on its face, of the purported (NDA), we don’t want to run afoul of any of those provisions.’

But the judge said Herman and her attorney didn’t sufficiently make their case on the sexual harassment issue.

‘Herman has had the opportunity (to) provide factual specificity for any claim relating to sexual assault or sexual harassment,’ the judge ruled. ‘However, she has not done so. Additionally, at no time has Herman’s counsel requested an opportunity to file a second amended complaint to include additional allegations. Therefore, Herman’s implausibly pled claims do not permit this Court to find that the EFFA is applicable.’

What was Woods’ response?

His attorney, J.B. Murray, said the NDA was ‘valid on its face’ and previously called Herman a ‘jilted ex-girlfriend’ making meritless claims. He told the judge May 9 that Herman didn’t go through the necessary procedural steps to make a formal sexual harassment claim under federal law and instead was making an ‘end run’ around them.

The judge agreed.

‘Herman has not pursued any claims for sexual assault or sexual harassment against Defendant,’ the judge ruled. ‘She has solely pursued a declaratory judgment action and has only made vague and threadbare references to behaviors or actions she contends constitute sexual harassment within her response filed on May 5, 2023.’

In the hearing May 9, Herman’s attorney didn’t discuss the sexual harassment part of his case until prompted by the judge with less than 10 minutes left in the 45-minute proceeding. Prior to that, he spent much of the hearing questioning the validity of the NDA and said he wanted an evidentiary hearing to get to the bottom of that issue.

But the judge appeared skeptical about that part of his case. After months of court filings, it wasn’t until May 5 that Hodas made the argument that Herman didn’t recall signing the NDA in question. That specific allegation was not mentioned in her lawsuit challenging the NDA.

‘Herman’s counsel’s attempt to equivocally allege that Herman cannot remember signing the NDA or cannot say ‘for certain’ that she did, does not create a disputed issue of fact requiring an evidentiary hearing,’ the judge ruled. ‘Herman has not met her burden to dispute the existence of the NDA.’

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

This post appeared first on USA TODAY

Rafael Nadal will not play in the French Open because of an injury, he announced Thursday at a news conference at his tennis academy in Mallorca, Spain.

This is the first time the tennis superstar will not play at Roland Garros since 2004. He has won the Parisian competition a record 14 times and is the defending champion. Last year, he beat Casper Ruud in straight sets to capture his 22nd Grand Slam, also a men’s singles record. He won the tournament at age 36, making him the oldest player to take home the trophy.

‘It will be impossible for me (to play),’ Nadal said in Spanish at the press conference.

The Spaniard has not played since January when he was upset in the second round of the Australian Open by Mackenzie McDonald. He suffered a torn iliopsoas — a muscle at the bottom of the spine that wraps around the pelvis — in the tournament and was expected to be out for eight weeks.

‘We were not able to find the solution to the problem that I had in Australia,’ he said in English at the press conference. ‘It’s the right thing to do for my body and for my personal happiness.”

He did not set a timetable for his return and said that he has not enjoyed playing tennis since the 2020 pandemic as he continues to struggle with his health. He expects next season to be his last.

“My goal and my ambition is to try to stop to give myself an opportunity to enjoy next year,’ he added, ‘that’s probably going to be my last year in a professional tour.”

By opting out of the French Open, Nadal will fall out of the Top 100 in the ATP Rankings. He is currently No. 14.

His absence will leave the opportunity for No. 1 Novak Djokovic or No. 2 Carlos Alcaraz to take the French Open title. Casper Ruud is ranked No. 4 behind Daniil Medvedev.

This post appeared first on USA TODAY

Ja Morant’s Hunger Ja 1 sneakers are no longer listed on the Nike or Finish Line apps.

The Hunger Ja 1s have been expected to release on May 25. The mismatch red and blue colorway was listed on both the Finish Line and Nike apps as recently as Tuesday. 

The Ja 1s are still posted on both the SNKRS and Hibbett Sports apps, where they can be ordered through a raffle.  Selected raffle winners would be able to purchase the sneakers. 

This uncertainty comes after the Memphis Grizzlies suspended Morant, and the NBA conducts an investigation after the star point guard was seen holding what appeared to be a gun in an Instagram Live video from his friend Davante Pack’s account. The video surfaced on Sunday.

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After Morant’s first incident, Nike basketball released a statement. Nike has not responded to a request for comment at the time of this story. 

This post appeared first on USA TODAY