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Businesses are facing rising costs particularly on goods used to make their products, while they are offering higher wages and other incentives to get employees back to work, the Federal Reserve reported Wednesday.
Economic growth increased at a “moderate pace” from early April to late May, the central bank said in its periodic “Beige Book” survey of activity across its 12 districts. READ MORE
Finally, the time is at hand when many employers may safely resume on-site work for most or all employees. But knowing now how effectively many employees can work remotely, organizations are rethinking workforce management strategies and allowing employees much greater flexibility to work from home part of each week, all the time or simply as business obligations allow. Being intentional about setting shared expectations can help your employees make more informed choices about whether to take advantage of flexible work options and avoid unpleasant surprises at evaluation time. READ MORE
A hybrid workforce is typically described as having both in-house and remote talent. The assumption is that productivity and communication tools are the foundation of this new world of work, but connecting distributed teams and building collaborative thought requires a much deeper effort and understanding.
Remote teams aren’t the only catalyst for this level of evaluation. Instead, we can actually work quite distantly even when returning to the office. READ MORE
A key part of insurance company Lemonade's pitch to investors and customers is its ability to disrupt the normally staid insurance industry with artificial intelligence. It touts friendly chatbots like AI Maya and AI Jim, which help customers sign up for policies for things like homeowners' or pet health insurance, and file claims through Lemonade's app. And it has raised hundreds of millions of dollars from public and private market investors, in large part by positioning itself as an AI-powered tool.
Yet less than a year after its public market debut, the company, now valued at $5 billion, finds itself in the middle of a PR controversy related to the technology that underpins its services. READ MORE
A worker shortage plaguing businesses has continued to worsen in recent months, posing a new threat to the economy's tepid recovery from the coronavirus pandemic, according to a new report published Tuesday by the U.S. Chamber of Commerce.
The chamber found the U.S. had a record 8.1 million vacant job openings in March, the last month for which data is available – an increase of 600,000 from February. But there are only half as many available workers for each open job – roughly 1.4 available workers per opening – as there has been on average over the past 20 years. READ MORE
More companies will accept cryptocurrency as payment, especially Bitcoin and Stablecoin, Voyager Digital CEO Steve Ehrlich told FOX Business’ Maria Bartiromo on "Mornings with Maria" Tuesday.
STEVE EHRLICH: I think there's going to be more, you know, more companies accepting crypto. I think one of the other things are Stablecoins there, and I think there will be more companies accepting Stablecoins as the first step then they will start accepting Bitcoin.…
That's a growing population. Us at Voyager, we're already seeing that as… our business caters to small and mid-sized businesses as well as retail consumers. READ MORE
Theranos Inc. founder Elizabeth Holmes has more than 100 questions for potential jurors in her coming fraud trial, including whether they have ever called a radio show, posted opinions on social media or taken any medication that could affect their ability to serve.
Ms. Holmes’s lawyers have proposed the queries for potential jurors in a 45-page form submitted this week to the federal judge overseeing her trial, scheduled to begin in late August. Her lawyers say the unusually long jury questionnaire is necessary to root out juror bias because of the extensive publicity around the downfall of Ms. Holmes’s blood-testing company. READ MORE
When the final Phase 3 data came out last November showing the mRNA vaccines made by Pfizer/BioNTech and Moderna were more than 90% effective, Dr. Anthony Fauci had no words. He texted smiley face emojis to a journalist seeking his reaction.
This astonishing efficacy has held up in real-world studies in the US, Israel and elsewhere. The mRNA technology -- developed for its speed and flexibility as opposed to expectations it would provide strong protection against an infectious disease -- has pleased and astonished even those who already advocated for it. READ MORE
More than half of American adults are now fully vaccinated, and with that millions of people are leaving the confines of their homes to once again dine out, meet new people, celebrate weddings and take road trips after more than a year of social distancing.
For tech startups, many of which have been beneficiaries of lockdown life, the impacts of the economic reopening aren’t entirely straightforward. Some companies, including dating apps, expect a boom as vaccinated singles kick their romantic pursuits back into gear. Ditto for wedding planning platforms helping couples plot out COVID-postponed nuptials. READ MORE
The giant US tech firms known as the “Silicon Six” have been accused of inflating their stated tax payments by almost $100bn (£70bn) over the past decade.
As Chancellor Rishi Sunak called on world leaders to back a new tech tax ahead of next week’s G7 summit in the UK, a report by the campaign group Fair Tax Foundation singled out Amazon, Facebook, Google’s owner, Alphabet, Netflix, Apple and Microsoft. READ MORE
Pour one out for Internet Explorer, the long-enduring internet browser that's been the butt of countless jokes about its speed, reliability and, probably most notable of all, security, which will retire next year after more than 25 years of service.
Microsoft said it will pull the plug on the browser's life support in June 2022, giving its last remaining half a dozen or so users a solid year to transition to Chrome or Firefox — let's be honest here — though other respectable browsers are available. There will be some exceptions to the end-of-life plan, such as industrial machines that need the browser to operate. READ MORE
Shortages in the semiconductor industry, which have already slammed automakers and consumer electronics companies, are getting even worse, complicating the global economy’s recovery from the coronavirus pandemic.
Chip lead times, the gap between ordering a chip and taking delivery, increased to 17 weeks in April, indicating users are getting more desperate to secure supply, according to research by Susquehanna Financial Group. That is the longest wait since the firm began tracking the data in 2017, in what it describes as the “danger zone.” READ MORE
Startup founders rely heavily on the skills of their initial hires. However, given the competitive nature of recruiting in many industries, attracting the best talent can be a challenge. Larger, more well-established companies usually offer better compensation in terms of both pay and perks.
It’s a tall order to make the opportunities working for a startup provides more alluring to highly skilled professionals than other, potentially more lucrative positions. To help, 14 leaders from Forbes Coaches Council look at ways to attract better talent to your startup and keep them on your payroll. READ MORE
Chipotle Mexican Grill (NYSE:CMG) has been one of the biggest surprises of the pandemic era for investors. Its share price has more than tripled from the low point it hit last March as sales have surged thanks to the success of the company's digital channel, which is now driving about half of its sales.
The stock reached a high of $1,579.52 last month -- only five companies in the S&P 500 have higher share prices. That's also more than triple the share price of the next-highest restaurant chain, Domino's. READ MORE
It’s been a year of reckoning for individuals and organizational leaders, as they continue to intensify their focus on diversity, equity and inclusion. In a February 2021 Korn Ferry survey, 75% of professionals stated that their company has enhanced DE&I efforts during the last year. However, unfortunately only 19% rank those efforts as very effective. READ MORE
With $1.9 trillion in federal stimulus enacted and temporary relief flowing to tens of millions of American households, Washington’s attention has shifted to bettering America’s infrastructure as a way to create jobs. While infrastructure improvements such as greater access to broadband will undoubtedly lead to new job opportunities, America needs much more than one-time federal spending to exponentially increase the long-term job growth on which we depend. This means making lasting investment at all levels of government in new businesses — the drivers of jobs. READ MORE
Working with someone who doesn’t pull their weight is more than just a routine frustration; it can also negatively affect your work — and even your career. What can you do about a colleague like this? How much support should you give this person? Do you go to your boss? And how can you safeguard your reputation within the organization? READ MORE
Book tickets. Schedule meetings. Obsess over your presentation. Pack a carry-on. Rush to the airport. Check out the lounge. Priority boarding. Take off. Land. Get to the hotel. Meet clients. Seal the deal. Fly home. Repeat.
For countless executives and salespeople, business trips have been a bedrock of corporate life — loathed by some, loved by others but accepted by all as a necessity (sweetened by millions of frequent flyer miles). Employees needed to fly to meet clients, drum up new business and grab some face time with the boss at headquarters. READ MORE
Tesla CEO Elon Musk continued to bash Bitcoin on Thursday, after announcing hours earlier that the electric vehicle manufacturer would stop accepting the world's largest cryptocurrency as payment for its cars.
His move sent a chill through the world of cryptocurrencies, sending Bitcoin, Ethereum and Dogecoin all sharply lower. READ MORE