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Drug tests are no longer required for most jobs in the municipal offices for Isle, Minnesota, a small town tucked on the southeastern corner of the Mille Lacs Lake. The reason? The town’s liquor store needs just one more person so that its owner, Don Graber, can stop working double shifts on the weekend. “There’s a lot of things that are scaring away potential hires and that was one of them,” Graber told Yahoo Finance. Graber successfully lobbied the town to eliminate the drug test, a… 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, July 8, 2021 Quits have never been a bigger part of restaurant worker churn By now, Morning Brief readers have likely become familiar with everyone’s favorite hipster economic data report: JOLTS.  Short for the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the report has been closely watched by investors for… Source link

A string of corporate news also moved individual stocks in London. Photo: Dominic Lipinski/PA Images via Getty Images Stocks in Europe slumped into the red on Thursday as concerns around rising inflation resurfaced after signals from the US Federal Reserve. In London, the FTSE 100 (^FTSE) nosedived 1.9%, hovering just above the 7,000 point mark, while the CAC (^FCHI) was 2.2% down in France, and the DAX (^GDAXI) fell 1.6 % in Germany. “The FTSE 100 fell with miners and banks the principal… Source link

Image: Getty Images The SoftBank-owned Z Holdings has agreed to take the licensing rights of Yahoo in Japan from Verizon Media’s hands for ¥178.5 billion. The agreement comes shortly after Verizon announced it was selling its media arm for $5 billion to private equity firm Apollo Global, which… Source link

Google CEO Sundar Pichai. (AP Photo/Eric Risberg) Google’s (GOOG, GOOGL) app store, Google Play, became the latest target of Big Tech antitrust regulators Wednesday in a federal lawsuit filed by dozens of attorneys general led by the state of Utah. The case, brought in U.S. District Court for the Northern District of California, is one of dozens of lawsuits that Google’s parent company Alphabet is facing in a wave of actions around the globe challenging tiers of its dominant markets.  In… Source link

FILE – In this June 6, 2019, file photo Amazon CEO Jeff Bezos speaks at the the Amazon re:MARS convention in Las Vegas. The Amazon founder officially stepped down as CEO on Monday, July 5, 2021, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, the head of Amazon’s cloud-computing business, replaced Bezos, a change the company had announced in February. (AP Photo/John Locher, File) The wealth of the… Source link

(Bloomberg) — Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad. The ride-hailing company fell 4.6% in New York trading to close at $11.91. The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The… Source link

Former president Donald Trump on Wednesday filed three purported federal class action lawsuits against Facebook (FB), Google-owned YouTube (GOOG, GOOGL) and Twitter (TWTR) their respective CEOs, Mark Zuckerberg, Sundar Pichai, and Jack Dorsey.  According to Trump, the lawsuits are intended to stop the platforms from censoring speech and from removing user accounts. The three suits claim the tech giants violated the First Amendment’s free speech protections, though the amendment protects… Source link

It’s time to back up the truck and buy the beat-up shares of pioneering crypto exchange Coinbase (COIN), contends Oppenheimer analyst Owen Lau.  Coinbase shares don’t deserve to be swept up into the latest crypto winter, according to Lau.  “We think Coinbase should not trade in lockstep with bitcoin because bitcoin can be very volatile, but at the same time because of their volatility it drives higher trading volume. It is similar to all the traditional exchanges, and we think that it’s… Source link

ContextLogic Inc. (WISH) announced that its Dutch subsidiary ContextLogic B.V. (CLBV) has been granted a Payment Services License from the Dutch Central Bank. ContextLogic is an E-commerce platform that facilitates transactions between buyers and sellers. The stock is gaining a lot of attention amid the meme stock frenzy, with WISH gaining 53% in the past month compared to a six-month decline of 43.2%. (See ContextLogic stock charts on TipRanks) The new Payment Services License will allow the… Source link