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Russia could reportedly use crypto to evade Western sanctions, according to NPR.
The sanctions announced by President Biden target Russian financials institutions, especially two of the country's largest banks.
That hits nearly 80% of the banking assets in Russia, according to Treasury officials. READ MORE
Right from the start, we thought if we could create the category of B2B ecommerce, Ariba could be a rocket ship. But, one quarter, early on, some big deals got delayed, and our team started getting anxious. Instead of working together to come up with solutions, everyone started pulling in different directions. To me, this pressure situation was a clear symptom of a lack of trust, and I knew we needed to do something about it. READ MORE
America's jobs recovery didn't lose steam in the new year with a key measure of jobless claims dropping to its lowest level since March 1970, the Labor Department reported Thursday.
Continuing claims for unemployment benefits, which count people who have filed for jobless aid for at least two weeks in a row, dropped to just below 1.5 million in the week ending February 12, adjusted for seasonal swings, marking the lowest level since the week of March 14, 1970. It was also a lower level than economists had predicted. READ MORE
The U.S. economy is facing the worst labor shortage in close to a century, according to new research, raising the prospect of prolonged higher-than-usual inflation.
In an analyst note to clients, Goldman Sachs economists, led by Jan Hatzius, estimated that there is a shortage of 4.6 million workers in the U.S. – the most since the World War II period. That number takes into account the total number of available jobs, of which there is a near-record, and the size of the labor force. READ MORE
The economic recovery was stronger than initially thought in the fourth quarter of last year, new data from the Commerce Department showed Thursday. But for many Americans it didn't feel that way.
US gross domestic product -- the broadest measure of economic activity -- grew at an annualized pace of 7% between October and December, just above the 6.9% that was first reported in January and in line with economists' expectations. READ MORE
When it comes to hiring, companies are moving fast.
With millions of open jobs and not enough workers to fill them, employers are struggling to attract and retain employees. At the end of 2021, there were 10.9 million job openings, according to the most recent data from the Labor Department.
One way companies are addressing the problem is by streamlining the hiring process to bring talent in faster. READ MORE
The European Union is proposing legislation that would force more data sharing among companies in Europe—aiming to loosen the grip officials say a few big tech companies have on some commercial and industrial data. READ MORE
As the seismic shifts caused by the Great Resignation continue to reverberate across the workforce, employees everywhere are looking to make a change motivated primarily by companies offering better compensation, including benefits.
Record numbers of workers left their jobs in 2021. And, as the year came to a close, Ceridian’s annual Pulse of Talent report found that as many as one in four workers were still actively seeking new jobs. READ MORE
So you’ve received a job offer. Now comes the part where you try to understand the intricate web that is also known as your employer’s benefits program. This is no easy task, which is why you might find yourself calling your dad crying, asking “what is life insurance, and should I be worried about someone stealing my social security number enough to sign up for identity theft protection?" as you try to decipher all your different options. READ MORE
As hybrid and remote work solutions continue to become the new norm throughout the Covid-19 pandemic and beyond, many business leaders are rethinking how to adjust what used to be an in-person employee annual review process now that there are more people working from home on a regular basis. READ MORE
For the rest of you, its more like a “Sorta” and a “Would love to, but …” READ MORE
So, you have plans to create an industry-disrupting startup. Before you get started, ask yourself this: Do I know the industry well enough to disrupt it?
It’s exhilarating to start a new entrepreneurial endeavor. However, it’s easy to get caught up in the tangible elements of establishing and advertising your business: designing a website, getting the message out, and building your brand. READ MORE
Small businesses continue to struggle financially and many are facing greater challenges with managing supply chain challenges and hiring enough workers, according to a survey released Tuesday by the Federal Reserve.
While some small businesses have seen their revenues increase, the recovery has been uneven, with smaller firms and those owned by racial minorities seeing fewer gains, the report showed. READ MORE
You shouldn't be the only one answering questions during a job interview.
While you want to showcase why you are the best candidate for the position, you also want to learn as much as you can about what it's really like to work there. READ MORE
As experts and employers scratch their heads over why so many American workers have left their jobs in recent months as part of the "Great Resignation," research shows it all might come down to alignment in values. READ MORE
Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.The personal consumption expenditures price index, which the Fed uses for its inflation target, probably jumped 6% in January from a year earlier, according to the median of a Bloomberg survey of economists. The core measure, which excludes food and fuel, is forecast to climb 5.2%.Less than a month before the Fed’s next policy meeting, a sharper-than-projected advance in the price gauge could turn up the heat for a half-point increase in the benchmark interest rate. January’s consumer-price index rose more than forecast, with broad advances in the costs of goods and services. READ MORE
AS WE transit to an endemic phase with Covid-19 and its variants, companies are now moving from a heightened fight-or-flight state to tackling some of the fundamental shifts that the pandemic has brought to the global workforce. READ MORE
Bob Moore, 93, goes to work every day doing what he describes as his dream job, running Bob’s Red Mill, the Oregon-based whole-grain foods manufacturer he founded with his wife in 1978. But having a nonagenarian president isn’t the only thing that makes Bob’s Red Mill a special place to work. As of April 2020, the company is 100% employee-owned. READ MORE
Legendary investor Carl Icahn is known for his aggressive campaigns to shake up Corporate America. Now, he's leveraging his reputation to tackle an issue close to his heart: the welfare of pigs.
McDonald's (MCD) said Sunday that Icahn had nominated two new directors to its board. The move "relates to a narrow issue regarding the company's pork commitment," the fast food chain said in a statement. READ MORE
The US Securities and Exchange Commission has responded to Elon Musk’s harassment allegations. In a letter it filed on Friday with a New York federal judge, the SEC said its frequent check-ins with Tesla were consistent with expectations from the court overseeing the company’s 2018 settlement.READ MORE