Small businesses are struggling with lack of employees, retaining current employees as inflation continues to rise.
Two Costco shareholders have launched a lawsuit against the company for animal cruelty after reports found that the membership-only grocery has been mistreating its chickens in its $450 million poultry processing plant in Freemont, Nebraska. The lawsuit, filed by shareholders Krystil Smith and Tyler Lobdell at a Seattle court in June, claims “Costco illegally neglects and abandons its chickens,” which, in turn, broke its fiduciary duties. It also mentions that Costco executives had "consciously disregarded clear signs of Costco's ongoing mistreatment of chickens."
- American City Business Journals
Intel Corp. began early construction work at its $20 billion New Albany semiconductor complex Friday. Construction is slated to occur Mondays-Saturdays on the site for about three years, with operations coming online in 2025, according to an update shared by a task force consisting of the Licking County Port Authority, Grow Licking County and the Licking County Chamber of Commerce. The complex will occupy about 900 acres of land in New Albany and is expected bring tens of thousands of jobs to the area, including construction jobs and roles at ancillary businesses.
- Business Insider
Wharton professor Jeremy Siegel says there's 'no question' the US is already in a recession and the Fed could shock markets with a much smaller rate hike this month if data weakens
"The Fed has to be careful not to slam on the brakes and just crash this economy," Jeremy Siegel, a Wharton professor, said.
- Business Insider
The new menu could increase sales and simplify operations in Subway's kitchen to reverse a sales slump.
- Yahoo Finance
Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less.
"He has family in upper management" = probably lazy.View Entire Post ›
- South China Morning Post
Huawei founder Ren Zhengfei seeks employee input on business direction amid struggle to reinvent company under US sanctions
Ren Zhengfei, founder of Chinese telecoms giant Huawei Technologies Co, has called for employees to contribute ideas about the company's future direction, according to an internal memo, as the company struggles to remake itself after US sanctions crippled its smartphone business. Despite venturing into multiple business fronts from coal mining to car systems, the Shenzhen-based company with its 195,000-strong staff worldwide has yet to find a steady revenue source that can match the profitabilit
On June 30, California approved an inflation relief package -- one which will see 23 million residents of the state receive a direct payment of up to $1,050. The $17 billion inflation relief package...
- Lexington Herald-Leader
Here’s what went into the WalletHub list where Kentucky ranked 42nd in the country for its economy. Although the state performed below the national average overall, it got a top-10 ranking in one category.
This one could have been an episode of The Paper Chase. NBCUniversal is suing a company it calls a “trademark squatter” for the alleged fraudulent trademark registration of Dunder Mifflin, the name of the fictional paper company featured in NBC’s The Office. The suit filed Friday in U.S. District Court for the Central District of […]
Fed officials were "spooked" by the May CPI report and "they're not going to like the June one either," said Omair Sharif of Inflation Insights.
You might think that in an economic slowdown, use of cannabis products would be likely to increase. Certainly, the common trope is that vice sales rise during times of economic uncertainty. Alcohol use "significantly declined during the economic recession," falling from 52% in 2006-2007 to 51.6% in 2008-2009.
A temporary administrator appointed by a Congolese court to run the world's second-largest cobalt mine ordered majority Chinese owner CMOC to suspend marketing and export of its production, letters seen by Reuters showed. CMOC spokesman Vincent Zhou said the company had not received the letters and that production and exports were continuing as normal. CMOC says the mine remains under its control despite the February court order, whose implementation Congo's justice minister lifted a stay on last month.
The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of EU's answer to China's Belt and Road Initiative. Tajikistan began in 2016 the construction of the giant hydropower Rogun plant, which could deliver full energy independence to the landlocked former Soviet Union nation. The EU's investment arm, the European Investment Bank (EIB), has so far not funded the project, whose main developer is Italian construction firm Webuild.
The chaos is the outcome of a series of questionable policy decisions taken by the government over the years, combined with persistent macroeconomic challenges and global market disruption.
Jimmy Carter's former treasury secretary urges Biden to axe his economic agenda and focus on cutting the national debt to fight inflation
W. Michael Blumenthal told The New York Times that the president should take "painful steps" to combat inflation.
Russia's parliament on Wednesday rushed through two bills imposing strict controls on the economy, requiring businesses to supply goods to the armed forces and obliging employees at some firms to work overtime. Once signed into law by President Vladimir Putin, the bills will allow the government to introduce "special economic measures" during what the Kremlin calls its "special military operation" in Ukraine. "In the context of operations carried out by the armed forces of the Russian Federation outside of Russia, including on the territory of Ukraine, there is a need to repair weapons, military equipment and provide the armed forces with material and technical means," says an explanatory note to one of the bills.
(Bloomberg) -- Colombia needs to boost tax revenue to finance greater social spending while lowering the nation’s high debt levels, according to incoming Finance Minister Jose Antonio Ocampo. Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontUS Wants Dutch Supplier to Stop Selling Chipmaking Gear to ChinaAmerican Factories Are Making St
(Bloomberg) -- By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarRoaring US Rental Market Shows Early Signs of Slowing DownUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingCiti Says Oil May Collapse to $65 by the Year-End on RecessionWall Street Says a Recession Is Coming. Consumers Say It
Alarm bells are ringing for many economies around the world, from Laos and Pakistan to Venezuela and Guinea as food, fuel and other staples prices have soared.