The Brooklyn Center Walmart Closure - A Loss for the Community
As a resident of the north metro area, I was saddened to hear the news of Walmart's closure in the Brooklyn Center. It was not just a convenient option for cheap groceries and household essentials but a community resource that catered to the needs of many residents in the area. The closure has left many wondering what they will do now, and the impact it will have on the local economy and access to basic necessities.
Read full storyDeveloper Continues with Plans for California's Futuristic Costco Store Despite Backlash
The enormous warehouse retailer known as Costco is well-known for its big, boxy buildings and enormous parking lots that sell cheap, bulk-sized items. But the location of the newest Costco store proposal in LA is right in the heart of the city. A proposal for a mixed-use development including a Costco and 800 rental homes above 5035 Coliseum in Los Angeles was made public this week by the developer.
Read full storyThe 4-day work week is coming: Fewer hours, same pay
A stunning conclusion to the first extensive study of a four-day workweek has been reached: None of the 33 participating organizations are switching back to a regular five-day schedule.
Read full storyFlorida pulls $2B worth of investments from BlackRock
According to a statement released by Florida's chief financial officer on Thursday, the state treasury will immediately order the freezing of roughly $1.43 billion in long-term securities and the removal of BlackRock as the manager of around $600 million in short-term overnight assets. The retreat is the most recent move in a larger campaign against businesses that uphold environmental, social, and corporate governance standards, led by Republican Governor Ron DeSantis.
Read full storyJapan spent $43bn in October to defend the yen
According to the finance ministry, Japan spent a record $42.8 billion on currency intervention in October to prop up the yen, with investors eager for signs about how much more the authorities would step in to smooth the yen's rapid slide.
Read full storyNew pay transparency law takes effect tomorrow in NYC
New York City has approved a rule forcing firms to provide wage information to potential job searchers in an effort to encourage salary transparency. To assist level the playing field for job searchers so they may better negotiate their salaries and benefits, the salary transparency law was passed.
Read full storyBiden Warns Oil Firms Will Face ‘Higher Tax’ If They Don’t Up Production
In his highly anticipated speech on Monday, US President Joe Biden discussed imposing windfall taxes on oil firms. He expressed shock and dismay by recent gains, which he called "war profiteering." However, there remained a dearth of information regarding the precise measures the government will take.
Read full storyWorkers walk out of iPhone factory, highlighting virus woes
Fearing severe COVID-19 limitations in the wake of an outbreak, workers at the world's largest iPhone production in China are reportedly leaving the site in droves. Over 200,000 people are employed at the plant in Zhengzhou, which is in the province of Henan in central China. Most iPhones are produced by this company. In a Sunday story, the Financial Times cited five employees who said that living circumstances had worsened since a COVID-19 outbreak had triggered tight pandemic containment limits in accordance with China's Covid-zero policy.
Read full storyElon's first big move: pay to remain verified on Twitter
The verification system on Twitter has always been a contentious and difficult issue. There have been multiple stops and starts in the application process as the corporation has tried to streamline it. Since Elon Musk now controls the social media company, it's possible that the corporation will try to reverse the traditional model of verification by charging a monthly fee in exchange for a verified badge.
Read full storyElon Musk Completes $44 Billion Deal to Own Twitter
In a regulatory filing released on Friday, Twitter revealed that Elon Musk had finalized his $44 billion acquisition of the company, giving the world's richest man control of one of the most powerful social media networks.
Read full storyiPhones will get USB-C charging after Apple says it will have to comply with EU law
Apple has been under pressure from consumers and regulators to switch the iPhone's charging port from the lightning connector to USB-C. The pressure on the tech behemoth to make the changeover was amplified earlier this month when the European Parliament approved a law requiring phone manufacturers to embrace USB-C ports by 2024.
Read full storyIndia Hits Google With $113 Million Fine for Forcing Apps to Use Google Payments
The Indian government's antitrust watchdog has fined Google $113 million for abusing its dominant position in the app store market by not allowing developers to use alternative payment processors for in-app purchases and app purchases. This is the second major penalty levied against the Android maker in as many weeks in India, its largest market by user count.
Read full storyAustin airport smashes passengers record on Monday thanks to F1 travel
After the city's annual Formula One event, Austin-Bergstrom International Airport experienced a record amount of passengers, with over 43,000 individuals leaving the airport on Monday.
Read full storyAmazon will now let users pay with Venmo at checkout
Amazon recently made an announcement that it would begin supporting Venmo payments. The business has announced that beginning today, a limited number of consumers will have access to this feature, and by Black Friday of next month, all U.S.-based users of the Amazon website and mobile app will have access to it.
Read full storyWhatsApp is back online after a major two-hour outage
A global outage of WhatsApp on Tuesday morning left Meta engineers scurrying to pinpoint the cause of the problem and restore service. The outage lasted for around two hours in a number of different locations.
Read full storyHyundai Breaks Ground on $5.5 Billion U.S. EV, Battery Plant in Georgia
Max Pixel (Creative Commons) In the midst of a gloomy forecast for EV sales in its most important market, South Korea's largest manufacturer Hyundai Motor Co broke ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday.
Read full storyPhilips to cut 4000 jobs worldwide after hit from legal action
Plans have been announced by the Dutch giant to streamline operations and cut costs. Over the next few months, this will result in the immediate elimination of almost 4,000 jobs around the world.
Read full story2023 Social Security payouts will grow by over $140 per month. How much more money can you get?
Many Social Security users, now that they know the cost-of-living increase for 2019, will likely also be interested in knowing what this means in terms of their actual financial benefits. On Thursday, the Social Security Administration issued a blog with some helpful advice.
Read full storyBMW will invest $1.7 billion to make EVs in the South Carolina
BMW plans on spending $1 billion on its massive factory close to Spartanburg, South Carolina, in order to begin production of electric vehicles, and another $700 million on the construction of an electric-battery plant in the area.
Read full storyElon Musk launches Burnt Hair perfume
Elon Musk claims he has received $3 million from the sale of his "Burnt Hair" perfume. The Boring Company's online shop sold $100 bottles of their scent, selling 30,000 in just one week.
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