Starbucks joined McDonald’s in announcing a permanent end to its operations in Russia this week, having previously suspended trading in Russia in March. The news comes amid an exodus of Western businesses from Russia, including tech giant Apple and furniture retailer IKEA.
Following Russia’s invasion of Ukraine, Western businesses in Russia have been rushing towards the exit, …
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On January 5, the Federal Trade Commission announced a policy initiative that could be a major boon for labor. It proposed to ban non-compete clauses for all workers—no exceptions. These contracts bind tens of millions of workers today across nearly all occupations. The FTC estimated its proposed prohibition could increase workers’ collective earnings by as much as $300 billion per …
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Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation—but risking a sharp blow to the economy.
Policy makers, facing the hottest price pressures in 40 years, lifted the target range for the federal funds rate on Wednesday to 2.25% to 2.5%. That ta…
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Lizzie Schmidt has never worked in a real office, had her own desk or been to a happy hour with colleagues. At 22 years old, the Greenwich, Conn., native and recent graduate of Elon University is part of a generation of newly-minted workers taking their first steps into the working world virtually. And while more established office workers debate returning to their desks, this youngest generati…
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Shannon Jensen was diligent about making sure her sons wore masks to school when classes resumed in September. Other parents in Waukesha, Wis., weren’t. And three weeks after school opened, Jensen’s eldest son, who was seated next to an unmasked classmate who had COVID-19 symptoms, fell ill with the virus.
Soon, another of her boys had tested positive, according to a lawsuit t…
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An Amazon.com Inc. warehouse collapse on Friday night that killed at least six people has amplified concerns among its blue collar workforce about the return of the internet retailer’s mobile phone ban in work areas.
The warehouse in Edwardsville, Illinois, near St. Louis, was reduced to rubble when a string of tornadoes ripped through six states, leaving a trail of destruction that…
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