Industry data show that Americans are spending more on food than before the pandemic. And in a sign of the times, that is driving up food prices amid the sharpest bout of inflation in the U.S in 40 years. “Customer demand continues to outpace our ability to supply products,” Tyson Foods …
Read More »Amazon CEO says there’s no “silver bullet” for curbing worker injuries
Amazon doesn’t have a “silver bullet” to curtail the repetitive stress, strains and other injuries that plague its frontline workers, but the company is striving to improve safety, CEO Andy Jassy said on Thursday. Jassy’s pledge came in his first letter to shareholders since succeeding Amazon founder Jeff Bezos as …
Read More »Bird flu’s grisly question: How to kill millions of poultry
The spread of a bird flu in the U.S. that is deadly to poultry raises the grisly question of how farms manage to quickly kill and dispose of millions of chickens and turkeys. It’s a chore that farms across the country are increasingly facing as the number of poultry killed …
Read More »Mortgage rates are rising faster than they have in more than a decade
The average interest rate for a 30-year mortgage in the U.S. has risen to 4.67%, up sharply from 4.42% a week ago, Freddie Mac said Thursday. The cost of home loans has surged over the last year, especially after the Federal Reserve announced earlier month that it was raising its short-term …
Read More »Wall Street bonuses soared to record high $257,500 last year
New York — Soaring profits on Wall Street helped drive up the average bonus paid to employees in New York City’s securities industry to a record $257,500 for last year, the state comptroller reported Wednesday. The average securities industry bonus was 20% higher than 2020 and came out of a bonus …
Read More »Could permanent daylight saving time help “jump
Lawmakers on both sides of the aisle are getting behind a bill that would impact every resident in the U.S.: A permanent switch to daylight saving time beginning in November 2023. Aside from avoiding the nuisance — and sleep deprivation — of changing clocks twice a year, the effort could …
Read More »Peloton stock spikes on reports Amazon, Apple and Nike may be kicking tires
The stock price of interactive stationary-bicycle maker Peloton climbed Monday amid unconfirmed reports that potential big-name suitors, including Amazon, Apple and Nike, are considering buying out the embattled fitness company. Peloton shares were up 32% in premarket trading Monday following reports that such tech giants and consumer powerhouses are mulling …
Read More »At tech company Expensify, workers vote on each other’s pay raises
Negotiating a pay raise makes many people uncomfortable, and it can actually work against some workers, such as women, who are often judged negatively when they ask their employer for more money. But one technology company claims to have an approach that sidesteps some of those pitfalls: All employees vote on …
Read More »Hiring stalled in November, with businesses adding only 210,000 jobs
Job growth stalled in November, with employers adding a disappointing 210,000 jobs last month, the Labor Department said Friday. That represents a sharp slowdown from October, when companies added more than twice that number of new hires. Economists had forecast that employers had hired around 535,000 workers last month. The unemployment rate fell …
Read More »Johnson & Johnson to split into two companies
Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business. The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday. The new consumer health company will …
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