BlackRock CEO Larry Fink Expresses Concern Over Lack of Hope Amidst High Levels of Fear in Financial Markets
BlackRock CEO Larry Fink, a prominent figure on Wall Street, has expressed concern over the high levels of fear he's witnessing among consumers and businesses, which he says is missing the essential ingredient of hope for a healthy financial outlook.
Gasoline Prices Soar in California Due to Crude Oil Costs and Refinery Disruptions
Gasoline prices in California have surged to an average of $6.08 per gallon, up 15% from a month ago, largely due to a spike in crude oil costs and refinery output disruptions.
EEOC Files Lawsuit Alleging Racial Harassment and Retaliation at Tesla's California Plant
The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Tesla, alleging that the electric carmaker allowed severe harassment of Black employees at its California assembly plant, including racist slurs, graffiti, and nooses from 2015 to the present.
U.S. Faces Child Care Crisis as Pandemic Relief Funds Expire, Threatening Thousands of Centers and Millions of Children
The U.S. is facing a "child care cliff" with the expiration of pandemic emergency relief funds that have supported child care centers, leaving up to 70,000 centers at risk of closing, potentially displacing 3.2 million children.
Gen Z and Millennials Prioritize Flexibility and Fulfillment in Work-Life Balance
Young professionals like Gen Z and millennials are redefining work-life balance, seeking greater flexibility, remote work options, and more time for personal pursuits.
Target Closes Nine Stores in Multiple States Due to Rising Theft and Organized Retail Crime, Citing Safety Concerns
Target is closing nine stores in California, Oregon, New York, and Washington due to increasing thefts and organized retail crime that have put the safety of employees and customers at risk.
Spate of Looting Sweeps Through Philadelphia, Prompting Arrests and Police Crackdown
Multiple retail stores and businesses across different neighborhoods in Philadelphia were targeted by looters, with the incidents leading to several arrests and the recovery of stolen goods.
Auto Workers' Strike Puts Small Suppliers at Risk With Heightened Financial Strain
The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.
UPS Set to Hire Over 100,000 Holiday Workers, Matching Last Year's Numbers
UPS is gearing up for the holiday season by planning to hire more than 100,000 workers, a number consistent with its hiring levels over the past three years.
Cargo Thefts Rise Nearly 60%
CargoNet has reported a significant increase in cargo thefts in the second quarter of 2023, with 582 recorded incidents in the United States and Canada.
Estes Selected as Stalking Horse Bidder for Yellow's Terminal Assets
Estes has been officially approved as the real estate stalking horse bidder for Yellow's terminals, setting the minimum valuation for these assets in the bankruptcy proceedings.
Rising Oil Prices Push Up Gas Costs for US Drivers, Aiding Russia's War Effort
Rising oil prices are impacting consumers, complicating the global fight against inflation, and contributing to Russia's war chest.
Walmart Aims to Empower Employees in Expanding Last-Mile Delivery Services
Walmart is planning to increase the involvement of its employees in making last-mile deliveries as it expands its third-party fulfillment capabilities, according to President and CEO Doug McMillon.
Navigating the Road Ahead: Strategies to Tackle Rising Trucking Costs in 2022
Trucking costs have continued to rise, with the average cost per mile reaching $2.25 in 2022, a 21.3% increase from 2021.
Insights from Kenco's 2023 eCommerce Peak Season Pulse
As the fall season approaches, retailers are gearing up for the peak season.
Amazon Plans to Hire 250,000 Logistics Workers for Holiday Season Amid Retail Hiring Decline
Amazon.com Inc. is planning to hire 250,000 logistics workers for the upcoming holiday season.
U.S. Postal Service Ends Holiday Surcharges for Competitive Edge
The U.S. Postal Service has announced that it will not impose peak season surcharges during the upcoming holiday season.
Germany's New Car Registrations Soar in August, with Plug-in Electric Vehicles Leading the Charge
In August, new passenger car registrations in Germany increased by 37% year-over-year to 273,417, with a total of 1,913,564 new cars registered in the first eight months of 2023, up 16.5% year-over-year.
House Passes Bill to Counter California's EV Mandate
The House of Representatives has passed H.R. 1435, the Preserving Choice in Vehicle Purchases Act, which aims to prevent the EPA from allowing California to limit the sale or use of new internal combustion engine vehicles.
IRS Suspends Processing of Small Business Tax Break Due to Surge in Questionable Claims
IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.