Attracting workers is one of the biggest challenges for the economy as it recovers from the pandemic. It’s a hurdle the restaurant business knows all too well. “Labor has always been a big challenge. But I think it’s more difficult than ever now,” says David Novak, founder and CEO of David Novak Leadership and co-founder and former CEO of Yum! Brands (YUM), which operates KFC, Pizza Hut, and Taco Bell, among other brands.  “Everybody that I’ve talked to says it’s never been harder to get the… Source link

Americans should be cautious before buying a car amid high prices and low inventory within the automotive industry, Rodo CEO Nathan Hecht said in an interview with Yahoo Finance. “I think the only reason you buy into this market today is if you really need a car,” Hecht said. “As we get into September, October, November, new car inventories should start to replenish, not to their normal levels, but just replenish as factory output increases.” Demand for both new and used cars is on the… Source link

In a paper published last month on the research-sharing platform Arxiv.org, a team of over 100 scientists describe how they set up an array of 20 quantum particles, or qubits, to serve as a time crystal. During experiments, they applied algorithms that spun the qubits upward and downward, generating a controllable reaction that could be sustained “for infinitely long times,” according to the paper. Source link

This week was supposed to be the first day of Google’s big reentry into flagship smartwatches. Samsung is back on board after years of Tizen-based wearables, with its new Galaxy Watch 4 that runs the new, revitalized Wear OS 3. It’s the smartwatch OS that merges the best of Google and Samsung’s discrete platforms together. But there was just one issue: Google was strangely absent from the proceedings. In fact, aside from a few oblique mentions of working with Google on the… Source link

Goodyear Chairman and CEO Richard Kramer — the second longest serving CEO in the tire maker’s 123-year history — says the good times are likely to keep rolling for his industrial giant over the next year. Credit for that will probably come from consumers continuing to reinvest in their vehicles amid sky high used car values and limited inventories of new cars on dealer lots thanks to the chip shortage roiling the likes of Ford, General Motors and others. “Our OEM [original equipment… Source link

DENVER, August 12, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2021. Q2 2021 Highlights Total revenue grew 49% year-over-year to $376 million US commercial revenue grew 90% year-over-year Closed 62 deals of $1 million or more, of which: 20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarter Commercial customer count increased 32% quarter-over-quarter Cash flow from operations of $23… Source link

While some progressive Democrats continue to push the president to cancel student loan debt, there’s a bipartisan effort underway to overhaul the student loan system in another way: by making bankruptcy discharges more accessible for student debtors. Senate Majority Whip Dick Durbin (D-IL), who chairs the Senate Judiciary Committee, and Senator John Cornyn (R-TX) announced a new bill called the “FRESH START Through Bankruptcy Act of 2021” last week to better enable borrowers to seek a student… Source link

Google is adding a bunch of new features to Google Meet, making it easier for users to control and direct meetings. However, exactly which controls will be available depends on whether you are using Meet as a regular user or as part of a Google Workspace team. The main update is that all users will now be able to assign up to 25 co-hosts per meeting, who will have access to host controls. This will let them limit who can share their screen and send chat messages, as well as mute all… Source link

BEIJING, Aug. 12, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the second quarter ended June 30, 2021. “Baidu Core delivered another strong quarter, powered by the fast growth of our new AI business. AI enables businesses and local governments to do more and serve more people,” said Robin Li, co-founder and CEO of Baidu. “We are excited about… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, August 12, 2021 But other signs emerge of inflation sticking around In a July press conference, Federal Reserve Chair Jerome Powell was asked to define this summer’s biggest buzzword in markets: transitory.  “The concept of transitory is really this: It is that the increases will happen,” Powell said. “We’re not saying they will reverse…. Source link