Tag Archives: Shortage

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 Monday, November 1, 2021 It was a brutal weekend for one airline and a telling weekend on the state of America’s labor shortage.  American Airlines canceled about 14.3% of its flights on Sunday, according to data shared by the company to Yahoo Finance, in large part because it was unable to find staff to carry out operations. Staffing problems… Source link

Apple (AAPL) is no longer the most valuable publicly traded company in the world. After a disappointing earnings report marred by the impact of the global chip shortage, Apple’s stock fell more than 2% Friday, putting it $10 billion behind the new top dog, longtime nemesis Microsoft (MSFT). Yes, Microsoft is still a massive player in the PC space. And that sector has been hurt by the shortage. But investors see the company more as a cloud play. And that segment has been growing at a rapid… Source link

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, U.S. June 3, 2019. REUTERS/Mason Trinca Apple (AAPL) will report Q4 earnings after the closing bell on Thursday, and analysts will pay close attention to demand for the new iPhone 13 lineup and the company’s ability to withstand the ongoing chip shortage. Here’s what Wall Street is expecting from the quarter, as compiled by Bloomberg, compared with how Apple performed in the same quarter… Source link

Yahoo Finance: A&W Discusses How the Worker Shortage Continues To Wreak Havoc on U.S. Restaurants Please enable JavaScript to continue using this application. Source link

Amazon (AMZN) aims to hire 150,000 seasonal employees ahead of the busiest time of year for retailers. The e-commerce giant is offering lucrative incentives to lure talent amid a supply chain crunch and tight labor market. The average salary for seasonal jobs start at $18 per hour along with sign-on bonuses up to $3,000. Despite lucrative incentives, the question is whether Amazon and other giant retailers can convince enough people to work for them amid a red hot labor market.  Competition… Source link

Domino’s Pizza (DPZ) just saw sales fall after 41 straight quarters of U.S. same-store sales increases, ending one of the most impressive runs in the fast food industry. That streak ground to a halt largely because of the worker shortage pounding low wage sectors such as retail, restaurants, and hospitality. Domino’s U.S. same-store sales fell 1.9%, a sharp reversal from a 17.5% increase the same quarter last year, the company said Thursday. Same-store sales at company-operated and… Source link

Jeff Arview had been kicking around in different jobs. An Army veteran who served in Iraq, after he was discharged he suffered from post-traumatic stress disorder and fell into addiction, which led to arrests. Moving on and getting a job was a challenge. “Even though I was a veteran, because of that criminal history, I was unable to gain employment, which made it really tough,” Arview said. At times, he fell into homelessness. Arview is far from alone. The unemployment rate among formerly… Source link

Autonomous vehicle company Aurora recently launched a partnership with FedEx (FDX) to test the use of self-driving trucks to ship goods between Dallas and Houston. The project features an operator in the truck to oversee the system in its initial stage, though Aurora plans to launch a driverless version of the experiment within the next two years.The trucks will travel a route measuring almost 500-miles to help FedEx deliver packages across the state of Texas. Aurora looks to help ease the… Source link

A Jio mobile phone is on display inside a digital store of Reliance Industries Ltd, Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo BENGALURU, Sept 10 (Reuters) – Indian conglomerate Reliance Industries (RELI.NS) delayed the launch of a low-cost smartphone it is developing with Google (GOOGL.O) to November, citing an industry-wide semiconductor shortage. The “ultra-affordable” smartphone, developed jointly by Reliance’s telecom arm and Google, was set to be rolled out from… Source link

President Biden has plans to address many long-standing issues, such as climate change, wealth inequality, unaffordable health care, and housing shortages. But he’s been unable to address a problem that is holding back the U.S. economy in real-time, right now: the global shortage of semiconductors, key processors in thousands of consumer and industrial products. A variety of factors conspired with the coronavirus pandemic to create more demand for semiconductors than manufacturers can meet…. Source link