Amid countless layoffs, calls from corporate chieftains to return to the office and the pendulum of power swinging back to employers, it may feel like the work-from-home era is coming to an end. But while the practice is shrinking, it’s also showing resilience, with about a third of workers in jobs that can be done […]
Category: Business
Budweiser Light partners with transgender poster girl
Bud Light is under fire for partnering with controversial trans influencer Dylan Mulvaney, who uploaded a sponsored post for the beer company. Mulvaney announced the partnership in a series of videos posted to social media at the weekend to coincide with the NCAA March Madness tournament. The influencer even boasted how the brewer sent her […]
$5 gas possible as Opec cuts production
A group of OPEC+ member countries on Sunday announced voluntary oil production cuts that will run from May through the end of this year. The surprise move entails cuts of about 1.15 million barrels per day (BPD) and was led by Saudi Arabia, Iraq, United Arab Emirates and Kuwait. Saudi Arabia’s Ministry of Energy said […]
Inflation Reduction Act to cost US $1.2 trillion
President Biden’s clean-energy law will cost roughly $1.2 trillion, a figure three times more than what supporters initially claimed. The Inflation Reduction Act was passed last year in an effort to address climate change, security and energy. Lawmakers who voted for the legislation said it would spur trillions in private-sector investment. An analysis by Goldman […]
Commercial real estate has hit a wall
Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Office and retail property valuations have been falling since the pandemic brought about lower occupancy rates and changes in where people work […]
U.S. TikTok Ban Seems Likely
TikTok CEO Shou Chew received a bruising on Thursday when he appeared before the House Energy and Commerce Committee in Congress, with both Republicans and Democrats fiercely critical of the Chinese-owned social media giant. Chew was interrogated for more than four hours over whether TikTok users’ data could be accessed by the Chinese state, along […]
Will Congress Ban Tik Tok?
On Thursday, TikTok’s CEO, Shou Zi Chew, will be opening a lion’s mouth and placing his own head into it. He’s giving testimony in the US Congress for the first time, a scary thing to do. And at stake is the future of the phenomenally popular video-sharing app in the US. “I think that there […]
Ford’s Electric Vehicle Unit has lost billions
Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released Thursday as Ford rolled out a new way of reporting financial results. The new business structure separates […]
Sports Betting Boom = Addiction, Anxiety, Suicide
The NCAA Division 1 Men’s Basketball Tournament, which just got underway, is the pinnacle of college sports, an annual all-American rah-rah celebration of athletic competition. The Big Dance. The Final Four. March Madness! It is also, increasingly, a chance for a lot of people to bet a lot of money. From the casual fun of […]
The Compact Disc turns 40
The compact disc gave us our first taste of digital music – and we liked it. Upon its arrival in the U.S. in March 1983, the sleek 4.7-inch plastic and aluminum disc – about the size of a drink coaster – promised crisp, clean digital music reproduction without the pops heard on vinyl LPs or […]
Global banking crisis: Not out of the woods yet
After a major, systemically significant bank crumbled over the weekend, the banking crisis left financial institutions and regulators scrambling Monday to prevent its spread. Credit Suisse, hobbled for decades by mismanagement, scandal and bad bets, finally succumbed to the emerging global banking crisis. Its stunning and rapid takeover by rival UBS, orchestrated by Swiss authorities […]
Why are new and used car prices still so high?
It has been nearly three years since auto plants around the world started to shut down because of the pandemic. Yet between the pandemic, an acute shortage of semiconductors and other supply chain snarls, vehicle production has never really returned to normal. And prices? Hoo boy. Both new and used prices have stopped skyrocketing. In […]