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Monthly Archives: September 2022

Amazon loses effort to overturn union win at Staten Island facility

Chris Smalls and Derrick Palmer at the temporary headquarters of the Amazon Labor Union in Staten Island, New York, on June 15, 2022. Katie Schoolov A historic union victory at Amazon’s Staten Island warehouse should be upheld, a National Labor Relations Board official recommended on Thursday. In April, more than …

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How ‘the smartest people in finance’ build wealth

If you follow financial figures on social media, chances are you’re getting inundated with new ideas every day. Whether it’s buying stocks, “HODLing” cryptocurrency or trading options, there’s always seemingly a new way to get richer faster. While some people do manage to get rich quick through trading, for most, …

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CDC panel recommends new omicron Covid boosters with shots expected to begin next week

Justin Sullivan | Getty Images The Centers for Disease Control and Prevention’s independent committee on vaccines recommended reformulated booster shots that target the latest omicron subvariants. The panel voted 13 to 1 Thursday in favor of the shots after reviewing the available safety and effectiveness data in an almost seven-hour-long …

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Job growth, investments in manufacturing sector tied to White House economic plan, Biden says

President Joe Biden Thursday praised progress made in the manufacturing sector weeks after the passage of the Chips and Science Act, which invested billions of dollars in domestic semiconductor manufacturing. The president’s remarks came after Idaho-based microchip manufacturer Micron announced plans Thursday to invest approximately $15 billion over the next …

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Flood losses to insured property are jumping drastically

This aerial photograph taken on September 1, 2022 shows flood-affected people taking refuge in tents after heavy monsoon rains in Dera Allah Yar town of Jaffarabad district, Balochistan province. – Monsoon rains have submerged a third of Pakistan, claiming at least 1,190 lives since June and unleashing powerful floods that …

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Crypto platform sues woman after accidentally sending her $7.1 million

The exterior of Crypto.com Arena on January 26, 2022 in Los Angeles, California. Rich Fury | Getty Images It took seven months for the Matt Damon-endorsed Crypto.com to realize that it accidentally sent AU$10.5 million dollars (about $7.1 million at today’s exchange rate) to a woman in Australia, instead of …

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Lululemon (LULU) Q2 2022 earnings

Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Lululemon Athletica Inc. on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as shoppers stocked up on workout gear even as surging prices have hurt other retailers’ apparel sales. The company also raised its outlook for the year. …

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Starbucks names Laxman Narasimhan as new CEO, starting in April

Starbucks on Thursday named Laxman Narasimhan as its next chief executive officer. Shares of the company rose less than 1% in extended trading on the news. Narasimhan most recently served as CEO of Reckitt, a health, hygiene and nutrition company. He announced earlier Thursday he was stepping down from that …

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These states may tax federal student loan forgiveness

dmphoto | E+ | Getty Images There’s good news if you’re eligible for student loan forgiveness: It won’t trigger a federal tax bill. And while some may still owe state taxes, it may be fewer borrowers than expected. It depends on whether and when states conform to federal tax laws, …

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Cybersecurity stocks are beating the market in a volatile economy

CrowdStrike IPO at the Nasdaq exchange June 12, 2019. Source: Nasdaq Economic concerns were a major theme across the technology industry during second-quarter earnings season, as companies cautioned about slower spending on ads, gadgets, e-commerce and software. But with interest rates rising and inflation stuck near a 40-year high, one …

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