We need fewer things to work on. Starting now. READ MORE
Former CEO warns elevated job openings amid labor shortage will lead to 'catastrophe'
Former McDonald's USA CEO Ed Rensi argued on Tuesday that Americans are feeling the labor shortage "big time" amid a confluence of events, calling the situation a "nightmare."
Speaking on "Cavuto: Coast to Coast," Rensi also warned that continued elevated job openings amid the labor shortage will lead to a "catastrophe." READ MORE
Theranos founder Elizabeth Holmes: Inside her weird lifestyle
The trial of Theranos founder Elizabeth Holmes put on display several false claims made by the one-time Silicon Valley darling during her time leading the tech startup, and it also brought forth some bizarre details about her lifestyle. READ MORE
America’s 250 Best-Led Companies
They are the unsung heroes of the U.S. economy. Companies with annual revenue between $50 million and $2 billion. They're lithe enough to maneuver, but big enough to have a broad impact. They employ 35 million people--about one in four U.S. workers. They deliver nearly 40 percent of the country's economic vitality. They are America's midsize companies, and it's time they are recognized. READ MORE
WeWork co-founder faces new business venture as an apartment landlord
Adam Neumann, who built office co-working giant WeWork before resigning as chief executive when his fortunes soured, has a new business venture under way: apartment landlord.
Entities tied to Mr. Neumann have been quietly acquiring majority stakes in more than 4,000 apartments valued at more than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and other U.S. cities, according to court, property and corporate records and people familiar with the transactions. Many of these investments occurred within the past year. READ MORE
Inflation, workforce participation and real wages: 3 key indicators for monitoring the economy in 2022
Americans, especially those on low incomes, have felt the pinch of higher prices in recent months. The price people pay for everything from fish to gasoline has soared, with the pace of change the highest it’s been in decades.
Inflation is a sustained, generalized increase in the prices of many goods and services in an economy. Inflation erodes consumers’ purchasing power and the value of their cash, in effect reducing their real incomes. READ MORE
HR executives share some of the biggest challenges of 2021
As the pandemic persisted throughout 2021, so did the challenges that companies faced.
Many corporate leaders and human resource executives had to contend with delayed office re-openings, mask and vaccine mandates and evolving safety policies. Some also had to figure out which work model would be best for the company, effective ways to combat employee burnout and how to recruit and retain employees in a tight labor market. READ MORE
AT&T and Verizon agree to new delay of 5G rollout
Building More Resilient Supply Chains
For a glimpse at the state of the global supply chain in 2021, a look out at the waters off the coast of southern California told the story. On any day, more than 60 ships could be waiting at anchor unable to unload cargo at the two ports that handle 40% of all containers coming into the United States. This record backlog is limiting supplies of everything from toys and furniture to video game consoles. Even the great toilet paper shortage of 2020 was poised for an encore when retailer Costco announced purchase limits in the fall. READ MORE
Intel CEO: The best way to fix America's chip shortage
For almost a year, US companies and consumers have had to navigate a global chip shortage. Even among Covid-19 disruptions, this shortage stands out as uniquely impactful — semiconductors are a critical part of every digital device, powering our phones, cars, hospitals and factory floors. READ MORE
39% of US workers are looking to change jobs in 2022
Nearly four out of 10 workers in the U.S. are looking to make a job switch in the coming year, according to a survey from Fidelity Investments, signaling that the Great Resignation might be far from over. READ MORE
SEC Proposes Rules to Modernize Share Repurchase Disclosures
On December 15, the same day it proposed amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 (Exchange Act) that may blunt the use of the affirmative defense for insider trading, the Securities and Exchange Commission (SEC) also proposed new disclosure rules concerning share repurchases, or buybacks, which have long attracted critical political and media attention. READ MORE
One-third of workers would take a pay cut to never dress for work again
This past fall, Lululemon’s design team noticed something unusual. Wall Street bros were flocking to the Brookfield Place store in the Financial District to buy the On the Move trousers, which look like chinos but are made from the same soft, stretchy, moisture-wicking material used in the brand’s activewear. That’s right: Finance execs were finally ditching their suits. READ MORE
8 ESG Legal Risks to Consider in Transaction Documents
According to the consulting firm Bain, “Covid-19 was a dress rehearsal for climate change”. Unfortunately, this statement stands true, and we can’t deny the impact of the pandemic on the lives of millions around the world.
But while 2020 was a year of pandemic and a havoc situation, it was also a time when the environmental, social and governance (ESG) agenda became an essential topic of discussion among businesses worldwide. READ MORE
The biggest tech fails of 2021
For many, 2021 was a mix of hopeful and challenging, as covid vaccines became more widely available but the pandemic dragged on for another year. And while technology continued to keep us entertained and connected during the pandemic, it also made our lives harder.
There were times this year when technology misfired or failed to work entirely — from giant internet outages and crippling ransomware attacks to a series of issues for Meta, the company formerly known as Facebook. (So many, in fact, it's the one company we list twice here.) READ MORE
Three key numbers that explain America's labor shortage
Twenty-one months into the pandemic, America is no longer struggling with an astronomically high unemployment rate. Instead, it's big problem remains a shortage of workers.
That makes it hard for businesses to keep up with rampant demand. Economists worry how long it will take for people on the sidelines to come back into the workforce. READ MORE
Major tech companies pull out of attending CES in person.
One of the most closely-watched annual tech conferences, CES, is going ahead with plans to hold an in-person event in two weeks, even as a growing number of prominent technology companies are pulling the plug on their plans to attend in person amid a surge in Covid-19 cases. READ MORE
Employers are starting to mandate booster shots
Get ready for booster mandates.
Millions of US workers are already required to show proof of a Covid vaccine to their employer. Soon many could be forced to show proof that they also got a booster shot. READ MORE
US SEC allows Apple shareholder's push for details on non-disclosure
The U.S. Securities and Exchange Commission has denied Apple Inc's bid to exclude a shareholder proposal that would require the company to inform investors about its use of non-disclosure agreements and other concealment clauses, according to a document viewed by Reuters. READ MORE
