Tag Archives: Wages

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: This week’s Chart of the Week features an excerpt from our latest Chartbook, a mammoth Yahoo Finance project in which dozens of economists and strategists send us a key chart and say why it’s important. We’ve been featuring them in editions of our Morning Brief newsletter all week. The almost three dozen charts and explanations tell the story of a strong market and… Source link

[unable to retrieve full-text content]Google Workers Stage Rallies Against Job Cuts, Low Wages  Yahoo Finance Source link

Gina Raimondo is the 40th U.S. Secretary of Commerce. Cecilia Rouse serves as the 30th Chair of the Council of Economic Advisers. Brian Deese serves as the Director of the National Economic Council. Congress recently answered President Biden’s call for reform in the State of the Union by passing bipartisan legislation to crack down on excessive fees and other unfair practices in the ocean shipping industry. Addressing these unfair business practices is just the latest success in the… Source link

Google parent company Alphabet announced its fifth quarter in a row of record profits ($18.9 billion) and second straight quarter of record revenue ($65.1 billion) in October, but a company executive told employees that Google wouldn’t automatically adjust their salaries to account for inflation. According to CNBC, Google’s VP of compensation Frank Wagner told employees at a company all-hands meeting on December 7th that Google doesn’t “have any plans to do any type of… Source link

(Bloomberg) — Amazon.com’s price target was cut at Morgan Stanley, which wrote that the online retailer’s profits could come under pressure as a result of a rising headcount and higher wages. Most Read from Bloomberg The firm lowered its target from $4,300 to $4,100, putting it below the average analyst target of $4,157. The new view still points to upside of almost 20% from Amazon’s last close. Morgan Stanley, along with every other firm tracked by Bloomberg, recommends buying the… Source link

As businesses emerge from COVID-19 lockdowns, many are facing the challenge of too few workers to accommodate strong demand. And while the labor shortage isn’t new, it’s definitely a sore spot for many that’s growing more acute. And amid a booming jobs market, some economists say the shortage isn’t labor related, but rather wage-driven — an economic third rail that companies big and small have increasingly grabbed in order to address widespread labor shortages.  Yet the strategy of… Source link

The clearest sign that the leisure and hospitality labor shortage isn’t yet easing — at least in the short term — is the rise in employee wages. As vaccination rates climb and more Americans dine out, restaurants can’t find enough cooks, waiters, and dishwashers to keep up with demand. Restaurants “have no choice” but to raise wages, BTIG Managing Director Peter Saleh told Yahoo Finance Live this week. “They need to increase benefits to attract employees or else they can’t serve… Source link

The ongoing inflation spike proves that the economic recovery is either gaining strength or flying off the rails, depending on whom you ask.  BlackRock (BLK) CEO Larry Fink on Wednesday warned that investors are in for a “big shock” as prices rise. That ominous prediction came days after President Joe Biden said “we all benefit” from the uptick in U.S. wages that some consider a key driver of rising inflation.  In a new interview, billionaire Todd Boehly — co-founder and CEO of holding… Source link

Despite increased vaccinations and easing coronavirus restrictions, the U.S. economy is experiencing a labor crunch that’s prompting a number of companies to hike wages, in part to attract needed workers. The strong COVID-19 rebound has lit a fire under the economy, but April’s weak jobs figures stoked a furious debate about whether enhanced unemployment benefits were behind the worker shortage. As a result, a handful of states like Mississippi, Missouri, Montana, and South Carolina, have… Source link

The New York Times Republicans’ Overthrow of Liz Cheney Risks Worsening Their Headaches WASHINGTON — As she arrived at the Capitol on Wednesday morning to meet her fate, the soon-to-be deposed No. 3 Republican in the House hinted that she was already eyeing her next role. “The party is going to come back stronger, and I’m going to lead the effort to do it,” Rep. Liz Cheney said as she stepped into an elevator and down to her demise. Sign up for The Morning newsletter from the New York… Source link