Interim Starbucks CEO Howard Schultz needs to do a better job embracing the labor union movement infiltrating his stores even if it pains him to do so, suggests U.S. Labor Secretary Marty Walsh. “I think he is going to have to invest in all of his workforce — he can’t just not invest in the dozen shops that are organized, it’s not a good business model,” Walsh said on Yahoo Finance Live (video above). “By investing in employees, I commend him for that and for investing in their salaries. I… Source link

By Jonathan Stempel (Reuters) – Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley and Twitter founder Jack Dorsey, to support… Source link

Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the surging popularity of crypto and related projects. Amit Zavery, a vice president at Google Cloud, told employees in an email Friday that the idea is to make the… Source link

It was a difficult season for the Los Angeles Lakers. Armed with Anthony Davis, LeBron James and Russell Westbrook: Big things were expected of a team that won an NBA championship two seasons ago. Flash forward to the present, and James is tweeting about postseason games instead of playing in them. Things never came together for Los Angeles during the season. Injuries to both Davis and James hurt, but the most frustrating member of the squad was Westbrook, who never seemed to jell with his… Source link

Tony Fadell is one of the most important figures in Apple’s (AAPL) history. As the creator of the iPod, he helped turn the struggling company’s fortunes around. And as the co-creator of the iPhone, he can take (at least some) credit for Apple becoming a company with a market cap of more than $2.5 trillion. But Fadell wasn’t sure he wanted to join up with Apple when he pitched the idea for the iPod. “Apple was a very, very different company back then,” Fadell told Yahoo Finance. “A… Source link

U.S. job growth remained robust in April as the unemployment rate held near its pre-virus low, further underscoring the still-tight domestic labor market. The Labor Department released its monthly jobs report for April Friday morning at 8:30 a.m. ET. Here were the main metrics from the print, compared with consensus data compiled by Bloomberg: Non-farm payrolls: +428,000 vs. +380,000 expected and a revised +428,000 in March Unemployment rate: 3.6% vs. 3.5% expected, 3.6% in March Average hourly… Source link

On August 6, 2022, Google will no longer support some video and image sitemap extension tags. Gary Illyes from Google said it is removing support for those sitemap extension tags to simplify sitemap extensions and to help “reduce complexity of your codebases” by making sitemaps “less cluttered in general.” What is being removed. The following sitemap extension tags are no longer going to be supported: Within image sitemaps: caption geo_location title license Within video… Source link

Step aside Budweiser — Modelo and Corona are coming for your crown this summer. “Our beer business is doing extraordinarily well,” Constellation Brands (STZ) CEO Bill Newlands told Yahoo Finance Live (video above). “We really think [Modelo] is about to become America’s favorite beer.” Newlands has some data to support the proclamation. Constellation’s beer sales — driven by Corona, Modelo, and Pacifico — rose 14% in the most recent quarter. That marked a quicker pace than the 11%… Source link

The Fed may no longer be a friend of investors, pros say, and that could be a major headwind to stocks in the near-term. “What’s dangerous about yesterday’s huge market slump is that there must be an element of doubting the ability of there to be an effective ‘Fed Put’ in this cycle following a 30-40 year period where the central bank has almost always been able to come to the market’s rescue,” Deutsche Bank strategist Jim Reid said. The Dow Jones Industrial Average plunged 1,120 points on… Source link

The markets went into bloodbath mode on Thursday as all the main indexes tumbled by at least 3%, with the NASDAQ’s 5% drop the most acute. That represented the tech-heavy index’s biggest one-day dive since June 2020. The force of the plunge confirms what we all know by now – the market headwinds are piling up, one upon the other. At its base, the issue is simple: there are too many problems, coming in too fast, and both the impersonal markets and the individual investors are finding it… Source link