Starbucks and the union that represents employees at about 400 of its U.S. stores said Tuesday they are beginning discussions on a “basic framework” to help the company reach collective bargaining agreements with unionized workers and resolve litigation between them to be included on both sides. The union hailed the development as a major shift…
Ali and Jamila Wright, co-owners of Brooklyn Tea. Courtesy: Brooklyn Tea A look at the state of Black employment in America reveals a mixed picture: Great progress has been made in the age of the Covid-19 pandemic and beyond, but much remains to be done. In the nearly four years that have passed since the…
Treasury Secretary Janet L. Yellen said Tuesday that she had personally called on Israeli Prime Minister Benjamin Netanyahu to increase commercial engagement in the West Bank, claiming it was important for the economic well-being of both Israelis and Palestinians. Ms. Yellen’s request was outlined in a letter she sent to Mr. Netanyahu on Sunday. It…
On Super Bowl Sunday, the White House released a short video in which a smiling President Biden, sitting next to a table filled with chips, cookies and sports drinks, criticized companies for reducing package sizes and portions of popular foods without led to a reduction price. “I’m tired of what they call shrinkflation,” Mr. Biden…
JPMorgan Chase CEO Jamie Dimon believes there is a higher-than-average chance that the U.S. is headed for a recession, although he doesn’t see any looming systemic problems. Speaking Monday at the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets are probably not pricing…
The Federal Reserve may have a housing problem. At least there is a case mystery. Overall inflation fell significantly last year. But housing has proven to be a stubborn – and surprising – exception. According to the Labor Department, housing costs rose 6 percent in January compared to a year ago, rising faster each month…
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, October 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates – Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala signed a $1 billion private credit partnership on Monday to jointly invest in the Asia-Pacific…
The December day in 2021 that set off a revolution across the videogame industry appeared to start innocuously enough. Managers at a Wisconsin studio called Raven began meeting one by one with quality assurance testers, who vet video games for bugs, to announce that the company was overhauling their department. Going forward, managers said, the…
Taylor Swift performs on stage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images The devil is in the details, but the local economy has a friend in Taylor Swift. The American pop star has spent almost a year traveling the US and the globe on…
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images The German housing sector has continued to deteriorate in recent months. Economic data paints a worrying picture and industry leaders appear unsettled. “I would say the housing sector is in a bit of a crisis of…
