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Business News

Location American Business News for 14 October 2021
Kyrie Irving Confirms He's Unvaccinated And Explains Why He Has Refused The Shot Irving, who once insisted the Earth is flat, says he will not retire.
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4.3 Million Workers Are Missing. Where Did They Go?

Wall Street Journal - 14 Oct 2021 17:57
4.3 Million Workers Are Missing. Where Did They Go? The U.S. labor shortage has hit low-paying service industries especially hard, pushing companies to adapt. Many economists expect the shortage to last years, and some think it could be permanent.
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Citigroup Profit Jumps 48% After Releasing Rainy-Day Funds

Wall Street Journal - 14 Oct 2021 14:45
The bank, which reported a third-quarter profit of $4.64 billion, freed up $1.16 billion it had set aside for bad loans early in the pandemic. The quarterly result beat analyst expectations.
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Squid Game Inspired an App to Drop 10,000 of These Cards in New York and Miami A series of three simple geometric shapes--a circle, triangle and square--printed on a nondescript business card is an invitation, as fans of Netflix's ultra-violent mega-hit Squid Game now know. And the results of RSVP-...
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I added these $24 LED puck lights underneath my kitchen cabinets as a modern and useful upgrade. They're the perfect solution for renters.
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Under Armour Promotes EMEA Head to Newly Created Chief Consumer Officer Role Under Armour has named Massimo Baratto to the newly created role of EVP, Chief Consumer Officer, to oversee all aspects of Under Armour's consumer strategy across global marketing, ecommerce and retail. Additionally, the...
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How to Find Your Next Mentor in a Virtual World Editor's note: This piece is part of our Columnist Network series, which explores the tactical thoughts and actions from Adweek's community of high-level experts. Today, Intersection's Esther Raphael shares experiences o...
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Why you had to be married to fly the CIA's fastest spy plane The CIA and Air Force had mental, physical, and marital criteria to pick pilots to fly their unique aircraft on highly sensitive missions.
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Toy prices up as much as 10 percent ahead of Christmas: trade group Steve Pasierb, president of the Toy Association, pointed to the massive backlog at California's ports, which are responsible for 36 percent of US imports.
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Putin Says Crypto Is 'Not Worthless' and Has 'the Right to Exist' The Russian President Vladimir Putin has made a surprisingly positive-sounding statement about crypto - claiming that it has a "right to exist" - and added that it could one day find a niche in economies "as a means of a...
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Aritzia Reports Strong Q2 Results, Citing 'Unprecedented' Sales In U.S. Opening new retail stores in the U.S. continues to be a key focus for Aritzia, as the Canadian retailer reported stellar second-quarter financial results for fiscal 2022 on Wednesday, with a net revenue increase of 74.9%...
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Electric-vehicle maker Rivian Automotive Inc. is set to become a public company, hoping to carve a niche for itself offering EVs for the great outdoors.
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GitLab Inc. priced its initial public offering late Wednesday at $77 a share, well above its already elevated range, going into its first day of trading on Thursday.
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Crypto Is a 'Major Priority' for Miami Mayor Building City Into Crypto Capital of the World Miami Mayor Francis Suarez says that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of ...
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Data from Federal Scientists Raise Questions About J.&J. Booster Shots People who have received the company's one-shot vaccine may benefit from a booster with another brand. F.D.A. advisers will discuss the data on Friday.
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Judge Tosses Votes Backing J&J Talc Supplier's Bankruptcy Plan

Wall Street Journal - 14 Oct 2021 00:05
Judge Tosses Votes Backing J&J Talc Supplier's Bankruptcy Plan A judge set aside more than 15,700 votes backing the personal-injury compensation plan of defunct supplier Imerys Talc America.
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Canadian city plans to supply residents' heat using Bitcoin mining The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000.
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Oil futures rise Thursday, finding support after the International Energy Agency underlined rising demand from power generators in the face of soaring prices for natural gas and coal but prices pared gains after U.S. gov...
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'Scythe,' a super popular dystopian YA book, is perfect for anyone who loved 'The Hunger Games' Neal Shusterman's "Scythe" is the first book in a young adult, dystopian science fiction series. Here's why it'll be as big as "The Hunger Games."
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A Letter to the Next Generation of Latinx Marketers: Don't Dim to Fit In This article is part of the Hispanic and Latin American Voices in Adweek series, which will cover the different nuances and challenges within this community. "What's the best advice you would give your younger self?" the...
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People often focus on the actual amount of money they earn or spend, rather than its purchasing power.
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Dow soars 403 points as jobless claims hit pandemic low and banks deliver strong results US stocks surged as bank earnings and weekly jobless claims gave investors confidence that consumers remain on solid footing.
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