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Business News

Location American Business News for 30 July 2021
Alpha Foods Puts a Spotlight on 'Chickenflation' by Cutting Prices on Its Meatless Chik'n It's been called The Great Poultry Crisis of 2021, with the American food industry blaming everything from underperforming roosters to inclement weather for an ongoing chicken shortage this summer. Alpha Foods, a major p...
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Nooses, Anger and No Answers: Inside the Uproar Over a Future Amazon Site The discovery of multiple nooses has set off heated debates about the responsibility of companies and the ability of workers to speak their mind.
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Automation saves sales reps about 4 hours a week and customer service reps about 16 hours a week, according to the poll.
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Biden said he supports passing immigration reform through the Democrats' $3.5 trillion spending plan without any GOP support Democrats are hoping to pass a $3.5 trillion spending plan through reconciliation, but it's unclear what immigration reforms could be included.
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MyPillow to Pull Ads From Fox News

Wall Street Journal - 30 Jul 2021 02:33
MyPillow to Pull Ads From Fox News Mike Lindell, CEO of MyPillow, says Fox News refused to run an ad promoting an event linked to claims of widespread election fraud.
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Financial Giant State Street Expands Cryptocurrency Services as Demand From Traditional Funds Soars State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data a...
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CDC: COVID-19 outbreak among 346 fully vaccinated people shows those 'infected with Delta can transmit the virus' 74% of the people who contracted COVID-19 were fully vaccinated, and the majority had milder symptoms like headaches and sore throats.
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A county Democratic party chair said Democrats were "voting against something rather than for something" in the all-Republican special election.
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Will I be selfish if I reject my children's idea of early inheritance? When a person expects a large inheritance, they can come to view that windfall as a "get-out-of-jail-free" card, leading to poor financial judgment.      
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Key inflation indicator jumps 3.5 percent, fastest rise in 30 years A key inflation indicator rose 3.5 percent in June from a year ago -- its biggest year-over-year jump in 30 years -- as costs continued to grow in the US economy.
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PCE inflation rose 0.5% last month, suggesting that prices continued to climb amid supply chain issues across the US.
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The Fed's favorite price index rose again in June, as consumer spending came in strong. The Personal Consumption Expenditures index popped 4 percent in June from the prior year. Economists think it will begin to moderate.
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Review: A deep new history of Tesla takes the shine off Elon Musk The polarizing founder shows up a lot in 'Power Play,' Tim Higgins' Tesla history -- but usually in the role of a dramatic foil who will be overtaken.
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Nonprofits Get a New Type of Donation: Cryptocurrency

The New York Times - 30 Jul 2021 15:00
Nonprofits Get a New Type of Donation: Cryptocurrency There are risks for both the donor and the receiver, starting with the yo-yoing values. A $5 million gift today may be worth $3 million or $7 million next week.
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How is this for a historical comparison -- interest rates are at a 5,000-year low.
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Luxembourg's data protection authority claimed Amazon's processing of personal data did not comply with EU law.
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Cathie Wood buys over $45M in Robinhood stock on first day of trading Cathie Wood sunk more than $45 million into Robinhood, apparently unshaken by the commission free-trading app's disappointing first day of trading.
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Popular inflation measure climbs more than expected in June as shortages abound The Personal Consumption Expenditures price index gained 0.5% in June. Economists surveyed by Bloomberg anticipated a 0.4% increase.
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Household Spending Rose in June, Before Delta Upswing

Wall Street Journal - 30 Jul 2021 14:35
Household Spending Rose in June, Before Delta Upswing U.S. households boosted spending last month, though the current increase in Covid-19 cases related to the Delta variant and higher inflation are injecting uncertainty into the economic outlook.
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Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or cr...
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An Arizona GOP state senator who backed the election audit withdrew her support, attacking the process as botched "I supported the audit, but I do not support the Trump audit any longer," said Sen. Michelle Ugenti-Rita.
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Get ready to pay more for coffee, beer, bread and snacks From Procter & Gamble to Nestle to Unilever, the world's biggest consumer companies are figuring out how to manage inflation.
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