-
Richard Branson arrives in house on the Virgin Galactic flight
Sir Richard Branson stands on the trading floor of the New York Stock Exchange (NYSE) in front of the trading of Virgin Galactic (SPCE) in New York, USA, 28 October 2019. Richard Branson Virgin Galactic IPO NYSE After nearly 17 years of development and over a billion dollars invested in Virgin Galactic, Sir Richard Branson…
-
These restaurant chains have raised wages or provided bonuses
An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images With bars and restaurants struggling to find staff, several large restaurant chains have announced higher wages to encourage workers to apply and stay. According to the Ministry of Labor, more than half a million jobs were created in…
-
The CEO of e-retailer Poshmark sees a development in trend as customers “clear” the closets
Fashion trends are shifting as consumers prepare for the post-pandemic world, Manish Chandra, CEO of online retailer Poshmark, told CNBC on Thursday. After a year of lockdown, the sale of going outwear is increasing. Meanwhile, fitness apparel purchases are declining and the e-commerce platform is a channel for buyers and sellers to “clean” their closets,…
-
Firms plan to speculate $ 593 million in truck charging networks
Sina Schuldt | Image Alliance | Getty Images Three large transport companies are to work together on the development of a European charging network for “battery-electric heavy long-distance trucks and coaches”. In a joint announcement earlier this week, Volvo, Daimler Truck and the Traton Group announced that they had signed a non-binding agreement to install…
-
People spend some huge cash on yard swimming pools
The backyard pool has become a big money maker. A combination of factors has fueled the trend for years. Many Americans are moving to the suburbs, migrating to warmer states, and increasingly trying to make their own farms better places to stay. Retailers and distributors such as Leslie’s and Pool Corp. aim to capture the…
-
Ex-NYSE President Tom Farley’s SPAC is merging with Bullish to make the deliberate crypto alternate public
Crypto start-up Bullish plans to go public for special purposes as part of a reverse merger with an acquisition company backed by Tom Farley, the former president of the New York Stock Exchange. Farley’s Far Peak Acquisition Corp. SPAC rose more than 2% in late morning trading on the news. The deal announced on Friday…
-
What the upcoming rubber ‘apocalypse’ means for the U.S. economic system
Rubber is a critical raw material needed for car tires, personal protective equipment such as masks and gloves, and many more everyday products. Anytime you’re going anywhere, you’re using rubber. Now, supply chain disruptions have thrown the rubber industry into a tailspin. “We could be on the cusp of a rubber apocalypse,” Ohio State University…
-
Bezos’ Blue Origin vs. Branson’s Virgin Galactic
Virgin Galactic’s Sir Richard Branson (L) and Blue Origin’s founder Jeff Bezos. Getty Images Richard Branson and Jeff Bezos are set to launch themselves just weeks apart, but the exact boundary and experience of their spaceflights has become a point of contention. Branson’s Virgin Galactic flies above 80 kilometers (or about 262,00 feet), which is…
-
FDA requires federal investigation into approval
Biogen shares fell Friday after the chief of the Food and Drug Administration called for an investigation into the company’s recent approval of the company’s Alzheimer’s drug Aduhelm. Acting FDA commissioner Dr. Janet Woodcock asked the Office of the Inspector General to investigate interactions between the US agency and Biogen officials prior to the drug’s…
-
McDonald’s Minimal Wage Rise and the Way forward for the Quick Meals Franchise
Employees work at the counter of a McDonald’s restaurant in the company’s new corporate headquarters on June 4, 2018 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images For Tom Locke, his turning point in employee wages came back in March during a conversation with a tired store manager, Heidi, in Coventry…