On March 16, eight people were massacred at three different spas in the Atlanta area, six of them older Asian women. The murders highlighted a significant rise in anti-Asian violence and hate crimes in the US during the pandemic, as well as the large number of vulnerable Asian business owners who cannot switch to remote work.
Prince Harry and Meghan Markle may have had a unique workplace situation with the British royal family, but their interview with Oprah Winfrey still provides important lessons for human resources professionals who don’t work at Buckingham Palace.
The Indian government might not completely ban cryptocurrencies. In an interview on March 5, country’s finance minister Nirmala Sitharaman said that she wants to foster innovation in crypto.
The US and the European Commission have agreed to a four-month suspension of the retaliatory tariffs each implemented due to the long-running Airbus-Boeing trade dispute.
The Disneyland theme park could reopen as early as April 1 as new rules from California health officials in response to the ongoing coronavirus pandemic take effect and infections in the area around the park drop. The park has been closed since March 14, 2020.
Dairy farmers across Canada have been asked to stop feeding cattle palm oil in response to complaints from consumers who complained about the hardness of their butter.
In the second quarter of 2020, as the Covid-19 pandemic kicked off in earnest and personal protective equipment grew scarce, face masks accounted for a whopping 14% of gross merchandise sales (GMS) on handmade-goods platform Etsy. By the third quarter, masks would account for 11% of GMS, and by the fourth quarter that would fall to 4%—but by then millions of one-time mask buyers had already become Etsy return visitors.
Shares of Koss Corp., a maker of headphones, shot up 16.8% to $21.53 today, after an even bigger spike yesterday, making it the latest company to capture the enthusiastic interest of retail investors.
As more companies switch to remote work as a result of the pandemic, InterContinental Hotels Group believes the shift could be great for business travel’s recovery.
Home Depot reported another quarter of higher-than-expected sales and profits, but its lack of guidance for 2021 worried investors. The price of its shares fell during pre-market trading and early this morning after the release at 6am in New York.
E-commerce sales have been a bright spot for US retailers, rising nearly 30% in the last three months of 2020. But it means more people are depending on online shopping for basics even as climate change wreaks greater havoc on delivery services, warehouses, and supply chains.
Talk to anyone who has tried online dating, and the complaints quickly come out. The hours of swiping each week. The repetitive photos of people fishing, on vacation, or in front of a mountain. The confusing biographies. The conversations that go nowhere or end abruptly. Gross comments and unwanted photos.
Correction: This is an updated version of an earlier article that was based on an inaccurate analysis of US census data. The earlier version stated Asian mothers suffered the greatest job losses in December, but that was incorrect.
Canopy Growth, a Canadian cannabis company, said it is accelerating its US growth strategy based on expectations of “significant reform” led by the Democratic party now that it controls two branches of government.
Last year was a disastrous one for US mall operators. But despite the continued cloud of the Covid-19 pandemic hanging over retailing, Simon Property Group, the country’s biggest mall owner, is optimistic about 2021, especially for its properties Florida.
Canada has banned cruise ships for another year, dealing the industry another blow after the Covid-19 pandemic shuttered most sailings for the past year.
The strategy of short selling gained mainstream attention in the last two weeks as investors rushed to buy GameStop shares, setting off an epic short squeeze. But while a troubled company like GameStop or AMC Theatres may seem like the most obvious target for shorting, there’s an even more enticing target: exchange-traded funds.
In another stark sign of the pandemic’s impact on office-space demand, data from Costar Group, a commercial real estate firm, shows there is 12.2 million square feet of vacant sublet space in New York City as of late January 2021, up 91% from the 6.4 million square feet that was vacant and available in the second quarter of 2019.
Trading in shares of AMC Entertainment Holdings was restricted yesterday on several trading platforms, but the company has taken advantage of its sudden popularity this week to give itself extra financial boosts and to be better prepared for a recovery in US consumer spending.
Short selling is a trading strategy based on speculation that a company’s stock will drop in price. If shares rise instead, the investors are forced to buy the shares, which drives their prices still higher in a development called a short squeeze
The American division of L’Occitane International SA, a French maker of beauty products, has filed for bankruptcy due to $15 million in unpaid rent and “burdensome” lease obligations where sales have fallen due to the pandemic.
Rosalind “Roz” Brewer was named the new CEO of Walgreens and Boots Alliance yesterday, a move which will make her the only Black woman to lead a Fortune 500 company. Brewer is currently the chief operating officer of Starbucks and will become CEO of Walgreens on March 15. The news was first reported by the Wall Street Journal.
Elon Musk set off market activity again after an early morning tweet.
Worker unionization in the US rose to a four-year high at the end of 2020, but the statistic comes with an asterisk. While the percentage of unionized workers rose, there was a decline in the total number of US employees represented by unions, which fell by 321,000 last year.
