As the retail industry continues to lose workers, companies are turning the table on traditional hiring practices.
Category Archives: business
Hyundai, Kia owners should park outside because vehicles can catch fire, makers warn
Hyundai and Kia are telling the owners of nearly 485,000 vehicles in the U.S. to park them outdoors because they can catch fire even if the engines have been
Worker shortage means small businesses are hiking prices at fastest pace since 1974
Researchers canvassing small businesses found that pay and price hikes are happening in tandem across economic sectors as the worker shortage persists into 2022
Inside Oklahoma’s booming marijuana industry
Ease of access and fewer regulations than competing states have made Oklahoma the home of more than 2,000 marijuana dispensaries. The state agency tasked with regulating the industry is struggling, telling NBC News they’ve only been able to inspect a quarter of the more than 9,000 licensed farms.
Peloton announces major cuts and new leadership
When sales surged early in the pandemic, Peloton reached a value of almost $50 billion, but the company has struggled to maintain its momentum. The outgoing CEO introduced a plan to slash costs, including by cutting 2,800 employees.
Spotify's $100M diversity pledge is 'half-baked' and 'amounts to a bribe,' experts say
Spotify’s pledge to commit $100 million to develop and market content from groups that have historically been marginalized is being seen as too vague and
Peloton to replace its CEO, cut 2,800 jobs
Beleaguered fitness company Peloton said Tuesday it will replace CEO and co-founder John Foley as the brand seeks to win back market and consumer confidence.
Frontier and Spirit to merge, creating America's fifth-largest airline
Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge, creating what would become the fifth-largest airline
Stock ban proposed for Congress to stop insider trading among lawmakers
Legislation would stop stock trading by members of Congress.
Some investors saw their 2021 gains evaporate in a volatile start to 2022. Here's what they're saying now.
The stock market experienced stratospheric highs through the first two years of the pandemic.