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Business News

Location American Business News for 18 December 2021
Robots inside this sci-fi restaurant are made of recycled car parts, vacuums, and makeup boxes -- you can even take one home for $5,300 One three-metre high robot was made entirely out of Dyson vacuum cleaners, others were built with car and motorbike parts, the restaurant owners said.
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Warren Buffett evaded a kidnapping attempt in the 1980s. He's prioritized his personal security ever since. After two men tried to abduct Buffett and hold him for ransom, the investor had a security camera and 300-pound metal door installed in his office.
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Friday Box Office: 'Nightmare Alley' Bombs As 'West Side Story' Tumbles 74% Walt Disney's 'Encanto' earned $1.65 million (-28%) on its fourth Friday for a likely $6.8 million (-32%) weekend and $82 million 24-day total.
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Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really...
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South Africa's Digital Bank Tyme Completes Series B Round With Additional $70M Capital Raise Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with $70 million invested in the firm by Tencent and U.K. development financier, CDC Group. Funds to Support Tyme’s Expansion I...
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Boeing suspends vaccination mandate for US-based employees Boeingsuspended its coronavirus vaccination requirement for U.S.-based employees, the U.S. planemaker said on Friday, capping weeks of uncertainty as thousands of workers sought exemptions and challenges to a federal man...
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Walmart is making moves into drones -- here's how they plan to do it Walmart's booming delivery network is offered in over 3,000 stores across the US and reaches over 70% of the country's population.
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Amazon employees in collapsing Illinois warehouse told to shelter in bathrooms and break rooms, they said Six people died in the warehouse collapse in Edwardsville, Illinois, which left families grieving and traumatized those who survived the destruction.
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Avalanche eyes 60% rally as AVAX price breaks out of bull flag The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
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Marks & Spencer (M&S) has drafted in headhunters to shape a three-way internal contest to become its next chief executive - a process that could see the appointment of the first female boss in the chain's 137-year histor...
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The Fintech Challenge - Does Britain's Financial Technology Sector Need Help To Stay Ahead? Measures to help Britain's fintech sector maintain a leadership position are coming on stream following a review last year by Ron Kalifa. Trevor Clawson talks to Janine Hirt of Innovate Finance about creating a fintech-f...
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Inside AMC's Crazy, Bonkers, Upside-Down Year of Apes, Memes and Shorts A rowdy group of investors saved the movie-theater chain--and then made CEO Adam Aron play by their rules.
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Biden's Covid Vaccine Mandate Reinstated for Large Businesses

The New York Times - 18 Dec 2021 05:05
The decision, by a split three-judge panel, overturned an earlier ruling that had blocked a Biden administration rule requiring companies with more than 100 employees mandate vaccinations or testing for their workers.
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The mandate stipulates businesses with 100 employees or more must require workers to be vaccinated against COVID-19 or undergo weekly testing.
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Appeals Court Restores Biden's Vaccine-Or-Test Mandate For Large Employers The federal mandate has been on hold since early November, but an appeals court allowed it to take effect Friday evening.
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Where did the missing 3.6 million workers go? How COVID shook up labor market The majority of the missing workforce are people 55 and older -- some 2.4 million people -- who either retired early by choice because they could financially or low-income retirement-age workers who were axed at the star...
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As the pandemic has reshaped how we work, companies have reshaped their thinking about accessible and inclusive design for their employees.
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Here are seven major companies whose stocks moved on the week's news.
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JPMorgan Allows Employees to Work From Home for Rest of Year

Wall Street Journal - 18 Dec 2021 01:20
JPMorgan Allows Employees to Work From Home for Rest of Year The nation's biggest bank is dialing back its office return amid the spreading Omicron variant of Covid-19.
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Cyberattack on Payroll Provider Sets Off Scramble Ahead of Holidays A cyberattack on a popular payroll software provider sent work-tracking systems offline this week, forcing companies to resort to manual methods to pay workers.
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Red Gerard Defends Dew Tour Slopestyle Title In His Own Backyard With Huge Backside Triple Cork 1620 Defending Dew Tour slopestyle champion Red Gerard was the final rider to go in the men's final on Saturday. The 21-year-old put down everything he had, and was rewarded with the day's high score of 93.25 and a defense of...
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The mandate requires that businesses with 100 or more employees ensure the workers are vaccinated against COVID-19 or undergo weekly testing.
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