As businesses like Delta Airlines and governments like the City of Tampa begin to implement strong vaccine mandates, questions surrounding those mandates continue to be asked including the legality of such a measure.
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With an increased reopening of the economy comes an increase in eating out at restaurants and fast-food chains. Consumers might feel some changes in their wallets, however, as consumer prices jumped...
(Bloomberg) -- Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of the City’s HousingThe U.K. -- where some electricity suppliers have gone out of business amid record power and gas prices -- is getting an energy lifeline just
Rivian, the electric vehicle startup that’s gearing up for an initial public offering, continues its trend of growing fast. The company will be opening a service support operations facility for vehicle owners in Plymouth, Michigan -- and just in time, as deliveries of the launch edition of the R1T pickup are expected to commence late this month. The facility will create 100 new jobs and come at an investment of $4.6 million, $750,000 of which comes from a business development grant from the state.
The global auto industry could lose $210 billion in revenue this year due to supply issues, double the forecast months ago, according to the consulting firm AlixPartners.
China is selling its first ever batch of crude oil from its strategic petroleum reserve tomorrow (Sep. 24). This is the “coming of age of China’s [strategic petroleum reserve],” said Michal Meidan, director of the China energy program at the Oxford Institute of Energy Studies in London. “What’s happening on Friday is a test, the first test, of China’s SPR mechanisms…China has never done an SPR release before.”
- Business Insider
The owner of a Texas taco restaurant that closed down in the labor shortage says larger companies poached his staff with $5,000 pay rises
Taco Crush had just three kitchen staff left when it closed, its owner told Insider. He said job applicants didn't show up for interviews.
- Business Insider
FedEx says it's rerouting more than 600,000 packages a day because it can't find enough staff to process them
A FedEx hub in Portland, Oregon, was down 35% of the staff it needed to handle normal volume, and was diverting a quarter of packages, the COO said.
Soaring energy prices and cheap valuations make this group attractive.
Anne Stevenson-Yang called Evergrande a pyramid scheme because it excelled at pretending to create value where none actually existed.
- Real Simple
Not ready to give up that WFH life? Here are five companies that are hiring fully remote employees right now—complete with competitive salaries and exciting perks to boot.
Huawei Technologies Chief Financial Officer Meng Wanzhou has reached an agreement with U.S. prosecutors to resolve the bank fraud case against her, according to sources familiar with the matter, in a process that should allow her to leave Canada. The U.S. government said it will appear in Brooklyn federal court to discuss a resolution of charges against Huawei Technologies Chief Financial Officer Meng Wanzhou, according to a Friday court filing. Meng was arrested https://www.reuters.com/article/us-usa-china-huawei/top-huawei-executive-arrested-on-u-s-request-clouding-china-trade-truce-idUSKBN1O42S1 at Vancouver International Airport in December 2018 on a U.S. warrant, and was indicted on bank and wire fraud charges for allegedly misleading HSBC about Huawei's business dealings in Iran.
(Bloomberg) -- Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly cold winter.Most Read from BloombergIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageHow the Child Care Crisis Became a Global Economic FiascoThe Global Housing Market Is Broken, and It’s Divid
LONDON (Reuters) -Oil giant BP said on Thursday it was having to temporarily close some petrol filling stations in Britain because of a lack of truck drivers, hours after a junior minister cautioned the public not to panic buy amid fears of food shortages. Small Business Minister Paul Scully said Britain was not heading back into a 1970s-style "winter of discontent" of strikes and power shortages amid widespread problems caused by supply chain issues. Soaring wholesale European natural gas prices have sent shockwaves through energy, chemicals and steel producers, and strained supply chains which were already creaking due to insufficient labour and the tumult of Brexit.
- Rolling Stone
Singer says she wants her father, Jamie, suspended from her conservatorship by September 29th, so she can freely negotiate a prenup with fiancé Sam Asghari
Google on Thursday filed a writ petition in the Delhi High Court against the Competition Commission of India following the leak of a damning confidential report detailing the watchdog's interim fact-finding in an antitrust probe. The report, which Google has yet to formally receive or review, said the American giant had abused the dominant position of Android in India to illegally hurt competitors in the world’s second-largest internet market. The Indian antitrust watchdog began its probe into Google's alleged abuse of Android in the country two years ago.
$1M Is No Longer the Standard Nest Egg — Here’s How Much Most Americans Think You Actually Need To Retire
A common financial rule of thumb is that you should have $1 million saved for retirement, but this piece of advice may now be outdated -- you may actually need roughly double that. At least, that's...
- Motley Fool
Even the best stock pickers make mistakes, but those mistakes tend to matter less in the context of a diversified portfolio. If you do your research and buy high-quality stocks, chances are you'll have some big winners in the mix.
- Yahoo News Singapore
Electronics giant Panasonic is retrenching 700 employees in Singapore as it plans to cease manufacturing of refrigeration compressors here by the end of September 2022.
- Business Insider
Nebraska, New Hampshire, and Vermont are the states struggling hardest to fill jobs in the US labor shortage, new research suggests
The three states had the most job openings per unemployed person, suggesting businesses are competing for a smaller pool of workers, per CareerCloud.
BEIJING (Reuters) -Boeing Co raised its forecast slightly on Thursday for China's aircraft demand for the next 20 years, betting on the country's quick rebound from COVID-19 and future growth in its budget airline sector and e-commerce. The 1.2% increase contrasted with the 6.3% growth Boeing forecast last year, which made China a bright spot in the aviation market at the height of coronavirus lockdowns worldwide. Earlier this month, Boeing revised up long-term forecasts for global airplane demand on the back of a strong recovery in commercial air travel in domestic markets like the United States.