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A Big Las Vegas Strip Change Moves Closer to Completion
By Tony Owusu The iconic road has seen a lot of big changes since the pandemic hit. One more is coming. It's often easy to hate on C-Suite executives. Whether it's because they often make hundreds of times more than their average employee does or because they get more vacation time or because they come late and leave early, the public has very little love lost for executives. But every once in a while a half-decent executive emerges from the crowd that both employees and the public can get behind. On May 12, Bill McBeath, the outgoing (of course) CEO of famed Las Vegas strip casino The Cosmopo...
The Street
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Here's What Workers Hate Most About Their Job
By Vidhi Choudhary A bunch of tasks are making workers feel gloomy and burdened at work. The home became a place of business for many workers over the last two years. But corporate America is slowly but surely returning to work at least for some time during the week. The attendance might vary depending on the company you work for. Analytics firm Gallup's Chief Executive Jim Clifton said there are an estimated 125 million full-time workers in America, in a podcast titled "How Many Employees Will Return to the Office?" Clifton said roughly 50% are able to work from home. That's 60 million to 65 ...
The Street
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Solid job growth continues in recovering US economy
Washington (AFP) - From bars to factories to warehouses, American businesses hired staff with vigor in April as the US economy recovers from the damage done by Covid-19 while grappling with inflation that has hit the highest rate in decades. Employers in the world's largest economy added 428,000 jobs last month, the Labor Department said Friday, keeping the unemployment rate at 3.6 percent, just above where it was before the spread of Covid-19 caused mass layoffs two years ago. The data pointed to continued strong job growth and contained hints that some inflationary pressures may be easing --...
AFP
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US businesses struggled to hire in April amid low unemployment
Washington (AFP) - US private businesses saw surprisingly weak hiring in April, a survey showed Wednesday, amid low unemployment that's made their quest to find workers even more difficult. Payroll services firm ADP reported private employment rose 247,000 last month, considerably less than expected and down from March's upwardly revised total. The survey is considered a preview of the government jobs report due out Friday, and could foreshadow weak hiring overall last month in the US economy, where unemployment has nearly returned to the level it had before Covid-19 caused mass layoffs two ye...
AFP
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Amazon Adds New Employee Benefit Following SCOTUS Draft Leak
By Tony Owusu Amazon has a response following reports that the Supreme Court will overturn Roe v. Wade in the coming weeks. The reverberations from Monday night's Supreme Court bombshell report from Politico are just beginning to be felt in corporate America as well as main street America. With the U.S. Supreme Court expected to strike down Roe v. Wade, the court case precedent that legalized abortion rights in this country nearly 50 years ago, some big companies have begun to take action. Companies have been preparing their responses at least since last September when Texas' abortion restrict...
The Street
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Cannabis News Week: Canopy Cuts Jobs, Pennsylvania Wants Safe Banking
By Tony Owusu A majority of Americans see alcohol consumption as being more harmful than recreational cannabis consumption. Canadian cannabis company Canopy Growth (CGC) - Get Canopy Growth Corporation Report is going through another round of layoffs, announcing last week that it is letting go of 245 employees, or about 8% of its workforce. The newest round of layoffs means that the company has reduced its headcount by 1,600 since 2020, CEO David Klein's first year as CEO. The company, which has yet to post a profit, has been struggling in the Canadian market as sales fall. Canadian cannabis s...
The Street
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7-Eleven Has a Challenge and an Opportunity (And Maybe a Job for You)
By Vidhi Choudhary Iconic convenience-store chain 7-Eleven has built out strongly in the U.S. Now comes the big challenge: staffing the stores. Convenience store chain 7-Eleven completed its biggest acquisition last year. The company bought oil-and-gas major Marathon Petroleum's (MPC) - Get Marathon Petroleum Corporation Report Speedway convenience stores in a deal valued at $21 billion, signaling it is ready to expand further in the U.S. "This acquisition is the largest in our company's history and will allow us to continue to grow and diversify our presence in the U.S., particularly in the M...
The Street
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Job Switchers Are Saying 'Show Us the Money.' They're Getting It.
By Dan Weil Many workers, particularly job switchers, are seeking and getting pay raises. But lower-paid workers have a lot of ground to make up. One element of inflation that is particularly worrisome to economists is wage inflation. When wages rise, businesses feel freer to raise their own prices. Then workers demand still higher wages to afford the higher prices. And then businesses are tempted to raise their prices further. So consumers end up with an inflationary spiral. Average hourly earnings soared 5.6% in the 12 months through March. Workers switching jobs are particularly benefiting....
The Street
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Do Creators Pay Taxes on Money Earned?
By TurboTax Monetizing creative content is a growing industry, and it's crucial to know how the IRS treats income you might make as an online creator. Are you a creator?There are so many new industries that have popped up as a result of the pandemic. One industry that exploded is the Creator Economy which includes influencers on TikTok, YouTube, OnlyFans, and Streamers. For many influencers, what started out as something fun to get them through the stay-at-home orders is now helping them earn a substantial income. According to TurboTax's latest data: Get every dollar you deserve with unlimited...
The Street
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Elon Musk Has a New and Interesting Job (and He's Offering You One, Too)
By Luc Olinga The billionaire is a serial entrepreneur who is involved in several companies he founded or co-founded. Elon Musk is a very busy man. He is involved in several companies that he founded or co-founded. The entrepreneur, who never declines a challenge, promised to bring astronauts into space, prompt us to drive electric cars, install giant batteries in homes and connect our brains to computers. He's been there and done that. At Tesla (TSLA) - Get Tesla Inc Report, the manufacturer of high-end electric vehicles, the billionaire is at the helm and simultaneously holds several other p...
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