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Workers get pay jackpot as employers fight labor shortage

  • Oct. 25, 2021, 10:42 a.m.
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America’s business leaders expect to keep shelling out higher wages to employees. Driving the news: According a new quarterly survey released today by the National Association for Business Economics,

via www.axios.com

Mastercard says any bank or merchant on its vast network can soon offer crypto services

  • Oct. 25, 2021, 9:42 a.m.
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The crypto economy is about to expand. Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their pr

via www.cnbc.com

Panasonic unveils prototype battery to help Tesla lower production costs

  • Oct. 25, 2021, 8:42 a.m.
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A man is seen next to Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO, Oct 25 (Reuters) - Panasonic on Monday unveiled a new large prototype

via www.reuters.com

Co-op Bank's approach to merge with TSB rejected

  • Oct. 25, 2021, 7:42 a.m.
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The Co-operative Bank's approach to merge with high street rival TSB has not led anywhere, the bank confirmed today. The Co-op said it had sent a letter to Sabadell, expressing interest in buying TSB

via www.thisismoney.co.uk

London Stock Exchange poised to list first company with all-female board

  • Oct. 25, 2021, 7:42 a.m.
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An investment trust focused on renewable energy due to float next month is understood to be the first company with an all-female board to list on the London Stock Exchange. Atrato Onsite Energy, whic

via www.theguardian.com

ITV is eyeing up Channel 4, which could be privatised

  • Oct. 25, 2021, 6:42 a.m.
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ITV is eyeing up Channel 4, which could be privatised following a Government review. FTSE 100-listed ITV is among several potential bidders circling the channel, which took The Great British Bake Off

via www.thisismoney.co.uk

HSBC profits rise 74% as economy rebounds from Covid crisis

  • Oct. 25, 2021, 6:42 a.m.
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HSBC’s profits rose 74% in the third quarter as improving economic conditions allowed the bank to release hundreds of millions of pounds originally set aside for a potential jump in loan defaults duri

via www.theguardian.com

Small businesses say their revenues are plummeting as they're forced to turn down business because of the labor shortage

  • Oct. 25, 2021, 4:42 a.m.
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Businesses are cutting back on their services because of the labor shortage. Those affected range from a cleaning company in Virginia to a dog-walking business in Georgia. Even though the service cu

via www.businessinsider.com

Toolkit For Business Success

  • Oct. 25, 2021, 12:42 a.m.
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Your Maestro Launching his first business at the age of 16, Peter has amassed more than 40 years of experience and insight. He’s invested in over 100 businesses and is the founder of the UK’s first E

via www.bbcmaestro.com

Top oil exporter Saudi Arabia targets net zero emissions by 2060

  • Oct. 24, 2021, 10:42 a.m.
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Summary Doubles target to reduce carbon emissions Saudi initiative to see investment of $187 bln To tackle climate change while ensuring oil market stability Could hit target before 2060, energy mi

via www.reuters.com

A record amount of Americans are quitting their jobs due to pandemic burnout

  • Oct. 23, 2021, 8:42 p.m.
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A record 4.3 million Americans quit their jobs in August alone. The biggest reason: burnout. But rather than complain, thousands have started their own companies. Nick Folmar had pandemic panic: he w

via www.cbsnews.com

Is shoplifting forcing Walgreens to cut back in S.F.? Data on the closing stores puts the claim into perspective

  • Oct. 23, 2021, 3:42 p.m.
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Data released by the San Francisco Police Department does not support the explanation announced by Walgreens that it is closing five stores because of organized, rampant retail theft. One of the stor

via www.sfchronicle.com

Business group warns of mass layoffs and 'catastrophic' supply chain disruptions from Biden's vaccine mandate

  • Oct. 23, 2021, 1:42 p.m.
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New York (CNN Business) President Joe Biden's vaccine order will force employers to lay off thousands of workers, making the supply-chain crisis much worse, a major business group warned the White Hou

via www.cnn.com

Where Did 7 Million Workers Go?

  • Oct. 23, 2021, 12:42 p.m.
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About the author: Derek Thompson is a staff writer at The Atlantic, where he writes about economics, technology, and the media. He is the author of Hit Makers and the host of the podcast Crazy/Genius

via www.theatlantic.com

Dow posts record closing high, stocks gain for 3rd week; dollar dips

  • Oct. 23, 2021, 9:42 a.m.
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid Summary S&P 500, Nasdaq end session lower Evergrande averts default

via www.reuters.com

Cardboard shortages deal another blow to strained supply chains

  • Oct. 23, 2021, 8:42 a.m.
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First it was toilet paper. Then it was processors and other silicon. Now it’s cardboard. (And there’s a whole lot of other stuff in between.) The latest kink in the planet’s ever-gnarled supply chain

via arstechnica.com

Third juror dismissed in Elizabeth Holmes trial after found playing Sudoku

  • Oct. 23, 2021, 4:42 a.m.
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Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. SAN JOSE, CALIF. -- A popular puzzle game got a third juror in the Eliza

via www.cnbc.com

Lyft admits it recorded 4,000 sexual assault claims in long-awaited report

  • Oct. 22, 2021, 7:42 p.m.
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The ride-hailing app Lyft received more than 4,000 reports of sexual assaults during rides from 2017 to 2019, the company revealed in a new report, including 1,800 reports in 2019 alone. Lyft reveale

via www.theguardian.com

Where are the workers? Cutoff of jobless aid spurs no influx

  • Oct. 22, 2021, 1:42 p.m.
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Curtis McCray, a Mississippi Department of Corrections recruiter, left, points out a positive testimonial to a job applicant during the Lee County Area Job Fair in Tupelo, Miss., Tuesday, Oct. 12, 202

via apnews.com

Trump's Social Media Platform Could Already Face Legal Issues, After Allegedly Ripping Off Code

  • Oct. 22, 2021, 10:42 a.m.
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© Photo: Chip Somodevilla (Getty Images) The most recent former president’s new social media platform—goofily called The Truth Social—would appear to be sourced from derivative code that could potent

via www.msn.com

Evergrande shares rise on report of bond interest payment

  • Oct. 22, 2021, 8:42 a.m.
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Evergrande has more than $300bn of debt which it looks increasingly unable to repay. The company's total liabilities are equal to around 2% of China's Gross Domestic Product.

via www.bbc.co.uk

Huawei, SMIC suppliers received billions worth of licenses for U.S. goods

  • Oct. 22, 2021, 6:42 a.m.
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The Huawei logo is pictured in the Manhattan borough of New York, New York, U.S., July 22, 2019. REUTERS/Carlo Allegri/Files WASHINGTON, Oct 21 (Reuters) - Suppliers to Chinese telecoms giant Huawei

via www.reuters.com

A Study of 2.7 Million Startups Found the Ideal Age to Start a Business (and It's Much Older Than You Think)

  • Oct. 22, 2021, 6:42 a.m.
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If you're in your 30s or 40s (or even 50s) and you believe conventional wisdom, you might think the entrepreneurial train has passed you by and it's too late to start your own business. Wrong: A rece

via www.inc.com

Facebook to pay French press for news shown on users' feeds

  • Oct. 22, 2021, 5:42 a.m.
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Facebook to pay French press for news shown on users' feeds New Delhi: Social media giant Facebook on Thursday announced it has reached a deal with some French newspapers to pay for news shown on its

via www.timesnownews.com

Germany's Flixbus buys US long-distance bus firm Greyhound

  • Oct. 22, 2021, 5:42 a.m.
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Flixbus to acquire iconic long-distance bus company Greyhound, expanding its low-cost coach offering into the United States, the German travel company said Thursday. Flixbus will pay $172 million to

via www.dailysabah.com

U.S. regulator awards whistleblower $200 million record payout over benchmark rigging case

  • Oct. 22, 2021, 5:42 a.m.
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Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. A U.S. regulator on Thursday doled out a record reward of nearly $200 million

via www.cnbc.com

US unemployment claims fall to new pandemic low of 290,000

  • Oct. 21, 2021, 3:42 p.m.
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The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs are declining as companies hold onto workers WASHINGTON

via abcnews.go.com

Elon Musk's Tesla reports record sales and profits

  • Oct. 21, 2021, 10:42 a.m.
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"While Fremont factory produced more cars in the last 12 months than in any other year, we believe there is room for continued improvement. Additionally, we continue to ramp Gigafactory Shanghai and b

via www.bbc.com

Amazon is now a bigger shipper in the U.S. than FedEx

  • Oct. 21, 2021, 7:42 a.m.
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Amazon is not primarily known as a logistics company, but in 2020 the company shipped more parcels than FedEx. Why it matters: Logistics is a $1.5 trillion business — and it has long been controlled

via www.axios.com

Inflation watch: Corporate chiefs see prices moving in only one direction

  • Oct. 21, 2021, 6:42 a.m.
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The One World Trade Center and the Financial District in New York are seen from a local park in Weehawken, New Jersey, as the coronavirus disease (COVID-19) outbreak continues in New York, U.S., March

via www.reuters.com

Evergrande shares fall 14% as trading resumes in Hong Kong

  • Oct. 21, 2021, 5:42 a.m.
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Hopson said on Wednesday that Evergrande told it the deal had been terminated on 13 October and that it was now exploring other options available to protect its interest.

via www.bbc.com

Evergrande says a $2.6 billion sale has collapsed as another payment deadline looms

  • Oct. 21, 2021, 5:42 a.m.
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Evergrande has called off plans for a multibillion-dollar deal for its property management unit, worsening its cash crunch as the Chinese real estate giant teeters on the brink of collapse. The compa

via www.azarguy.com

PayPal in $45 bln bid for Pinterest -sources

  • Oct. 21, 2021, 4:42 a.m.
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Oct 20 (Reuters) - PayPal Holdings Inc (PYPL.O) has offered to buy digital pinboard site Pinterest Inc (PINS.N) for $45 billion, people familiar with the matter said on Wednesday, a combination that c

via www.reuters.com

Micron to spend $150 billion on chip plants

  • Oct. 21, 2021, 3:42 a.m.
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Memory chip maker Micron is announcing plans to spend $150 billion over the next 10 years, much of which will go to building new chip plants, potentially in the U.S. Driving the news: Micron is willi

via www.axios.com

A Chicago pizzeria said it temporarily closed because of the labor shortage, costing it $5,000. Its owner said job applicants weren't turning up to interviews.

  • Oct. 20, 2021, 9:42 p.m.
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Businesses across the US are suffering from a huge labor shortage as staff quit their jobs in search of better wages, benefits, and working conditions. Justin Sullivan/Getty Images A pizzeria in Chic

via news.yahoo.com

A worker in Florida applied to 60 entry-level jobs in September and got one interview

  • Oct. 20, 2021, 1:43 p.m.
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Businesses across the US say they are struggling to find employees, especially for hourly work. Joey Holz decided to test their claims, submitting two applications a day in September. Holz got one i

via www.businessinsider.com
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