Wages, employment, inflation are up, causing headaches for the Fed (www.npr.org)
Paramount’s Chief Executive, Bob Bakish, Steps Down (www.nytimes.com)
Williams-Sonoma must pay almost $3.2 million for violating FTC's 'Made in USA' order (apnews.com)
cross-posted from: lemmy.world/post/14804431...
London Drugs closes stores until further notice due to cyberattack (www.cbc.ca)
cross-posted from: lemmy.ca/post/20241173...
Guitar Center’s new CEO explains why the firm’s future must prioritize premium guitars (www.guitarworld.com)
Whenever I see the phrase “an awful lot of…” I find it’s almost always reversable....
Oregon's Sports Bra, a pub for women's sports fans, plans national expansion as interest booms (apnews.com)
cross-posted from: lemmy.ca/post/20121904...
Hertz loses another $200 million from its EVs (finance.yahoo.com)
BMS (Bristol Myers Squibb) to Cut 2,200 Jobs in $1.5B Restructuring as Opdivo Sales Drop in Q1 | BioSpace (www.biospace.com)
Southwest to stop service to 4 airports in wake of rising losses and more Boeing delivery problems | CNN Business (www.cnn.com)
The four airports are Bellingham International Airport in Washington state, Cozumel International Airport in Mexico, Syracuse Hancock International Airport in New York and Houston’s George Bush Intercontinental Airport.
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: report (www.cnbc.com)
Dow sinks nearly 700 points after GDP report, heading toward its largest drop of the year (www.cnn.com)
McKinsey reportedly under US criminal investigation over opioid industry work (www.theguardian.com)
Should family members be in charge of family businesses? We analyzed 175 studies to understand when having a family CEO pays off (theconversation.com)
Walmart-backed fintech 'One' introduces buy now, pay later as it prepares bigger push into lending (www.cnbc.com)
Layoffs could spike as one labor-market indicator says a recession is already here, market forecaster says (www.businessinsider.com)
Bad news for Biden (and all Americans): Inflation is creeping higher at the worst time (www.cnn.com)
Documents found on a North Korean server suggest US studios may have unknowingly outsourced animation work | CNN Politics (www.cnn.com)
Port of Portland will end shipping container service in October (www.opb.org)
The Port of Portland says it cannot afford to keep the state’s only shipping container terminal open past September after a deal with a third-party operator fell through. Despite more business, costs have gone up, pushing the port’s container facility into the red....
Nike to lay off 740 employees at world headquarters in Beaverton (www.kgw.com)
Credit-Card Delinquency Rates Were Worst on Record in Fed Study (www.bloomberg.com)
23andMe's business is basically worthless. Its CEO now wants to buy it. (www.businessinsider.com)
Something strange has been happening with jobless claims numbers lately (www.cnbc.com)
Samsung shifts executives to six-day workweeks to “inject a sense of crisis” (www.theverge.com)
Netflix profits surge as streaming service adds 9.3m subscribers in latest quarter (www.theguardian.com)
