On July 30, 2020, a second delivery driver in Texas died due to extreme heat conditions while working. The death occurred as the fight for safe working conditions become increasingly more heated, with advocates calling for more protection of workers in extreme weather. The driver, Gilberto Cortes-Silva, was reportedly working in the heat index of […]
STOCK MARKETS
Autumn arrives earlier than ever for Starbucks and others with pumpkin menu items
This summer, Starbucks and other popular restaurants began introducing pumpkin-flavored menu items much earlier than usual. Starbucks announced the launch of its pumpkin flavored drinks and baked goods on August 25, a full two weeks before the official start of autumn. The trend appears to have started in 2013, when Starbucks introduced the drinks two […]
CNN names former New York Times CEO Mark Thompson as its chief
CNN has announced that former New York Times CEO Mark Thompson will serve as its new President and Chief Executive Officer, effective February 21. Thompson brings three decades of high-level media experience to CNN, having served as chief executive of the BBC and latterly the New York Times. He has a proven track record of […]
U.S. labor market loses steam as job openings, resignations decline
The U.S. labor market lost some momentum in July as job openings and worker resignations dropped to their lowest levels in a year, while hiring was the weakest since March 2015. The Labor Department said Tuesday that job openings fell by 166,000 to 5.99 million during the month. That was the lowest level since August […]
IHOP rolls out biscuits menu nationwide for the first time as chain fights slowing sales
IHOP has rolled out a new biscuit menu nationwide for the first time in the history of the chain, as it attempts to capitalize on the popularity of biscuits and revive its slowing sales. The menu includes items such as biscuit sandwiches, breakfast skillets, biscuit sides, and even dessert-style dishes such as a cinnamon roll […]
Rural town braces for Tyson plant closure as manufacturing booms elsewhere
As manufacturing continues to boom in many parts of the United States, rural communities with little to no connection to this growth are facing even more hardship. One such example is the small town of Grain Valley, Missouri, where a Tyson meat processing plant is expected to close its doors soon. The Tyson plant in […]
Southwest Airlines is now limiting a service that lets passengers buy a better spot in the boarding line
. Southwest Airlines recently announced it would no longer accept Southwest EarlyBird Check-In purchases in order to limit contact between crew and passengers. The EarlyBird Check-In is a service which allows passengers to buy a better spot in the boarding line. The early entrance allows passengers to pick their seats ahead of time and to […]
Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton’s shares fell by about 7.4% after it posted a wider-than-expected adjusted loss of $0.26 per share in its fiscal fourth quarter and reported lower-than-expected sales of $757 million. The drop in sales was largely attributed to the recall of its Tread+ product in April, as well as lower-than-expected sales due to seasonality and supply […]
UPS workers overwhelmingly approve new contract, ending strike threat
United Parcel Service (UPS) workers have overwhelmingly voted to approve a new labor contract, ending the threat of a prolonged strike. The Teamsters union, which represents about 250,000 UPS workers, announced yesterday that the vote was 77.9 percent in favor of the contract and 22.1 percent against. The current contract, which was due to expire […]
S&P downgrades multiple U.S. banks on growing liquidity worries
Standard & Poor’s has downgraded a number of major U.S. banks due to their increasing liquidity concerns. Wells Fargo, Bank of America, Citigroup, JPMorgan Chase and U.S. Bancorp were all downgraded by two notches each. Standard & Poor’s cited the banks’ weakening liquidity profiles from increased obligations to meet their respective regulatory capital requirements. The […]