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Business / June 30, 2022 / Greatquotes / 0
With seven years of experience as a barista, Sarah Broad knows how to make all kinds of coffee. Now the Starbucks worker also knows what it feels like to be a union member and the face of a growing campaign by the United Steelworkers (USW) to unionize Starbucks stores in Canada. “I never realized how
Business / June 30, 2022 / Greatquotes / 0
Mortgage rates pulled back this week, a well-needed pause for price-stricken homebuyers. The rate on the 30-year fixed mortgage retreated to 5.70% this week — down from 5.81% the prior week, according to Freddie Mac. Still, rates recently tracked up a whopping 72 basis points within a three-week period, remaining nearly two-and-a-half percent points higher
Business / June 30, 2022 / Greatquotes / 0
‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today The official GDP estimate for Q2 won’t be available until later next month, but many experts – including Ark Invest’s Cathie Wood – are calling for a recession. “We think we are
Business / June 30, 2022 / Greatquotes / 0
Placeholder while article actions load This fall, vaccine makers will begin rolling out coronavirus booster vaccines better tailored to fight the current phase of the pandemic. Two days after outside experts voted in favor of a new vaccine adapted to protect against omicron, the Food and Drug Administration announced that the fall shots would include
Business / June 30, 2022 / Greatquotes / 0
Ahead of the July Fourth weekend, airlines are facing a wave of concern over flight cancellations — and new pressure from Washington to make sure they’re not leaving travelers in the lurch. Wednesday saw more than 2,000 cancellations in a single day, according to FlightAware data, with uncertainty continuing into the holiday travel season. The
Business / June 30, 2022 / Greatquotes / 0
There hasn’t been enough research on how much protection a fourth dose can offer, medical professionals told CNBC. Justin Sullivan | Getty Images The Food and Drug Administration on Thursday said vaccine manufacturers should update their Covid-19 booster shots to target the most recent omicron subvariants that are gaining ground in the US Dr. Peter
Business / June 30, 2022 / Greatquotes / 0
Consumer spending increases 0.2% in May Inflation adjusted consumers spending drops 0.4% Core PCE price index rises 0.3%; up 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – US consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of
Business / June 30, 2022 / Greatquotes / 0
That’s because, in the United States, the economy isn’t broadly and officially considered to be in a recession until a relatively unknown group of eight economists says so. There is a clear lack of racial diversity amongst the eight members, and NBER has never had a member who has been a racial minority, according to
Business / June 30, 2022 / Greatquotes / 0
Getty Images When news first surfaced that Panthers owner David Tepper had taken the shell company he formed to build his team’s new practice facility to bankruptcy, we expressed concern that he was playing a financial shell game with companies that provided services to the construction effort. The company owed the most money for a
Business / June 30, 2022 / Greatquotes / 0
OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020. Mazen Mahdi | Afp | Getty Images A group of some of the world’s most powerful oil producers on Thursday agreed to stick to a planned output increase in August, defying calls to