During the pandemic, Black restaurant workers have received far less in tips than other racial groups, according to a report by labor advocacy group One Fair Wage. 90% of Black workers have reported their tips have declined by 50% or more, furthering the racial divide in the restaurant industry. As a result of mandating the appropriate social distancing and mask […]
Read moreStocks showed a substantial move back to the downside during trading on Friday, more than offsetting the notable rebound seen in the previous session. With the steep drop on the day, the Dow fell to its lowest closing level in well over a month. The major averages all moved sharply lower for the session. The Dow plunged 620.74 points or […]
Read moreShares of Novavax Inc. (NVAX) set a fresh record high of $235.50 on Friday as investors cheered the company’s coronavirus vaccine trial results. The company’s protein-based COVID-19 vaccine candidate, NVX-CoV2373, is created using recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is adjuvanted with Novavax’ patented saponin-based Matrix-M to enhance the immune response and […]
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Is economics a science? Why is it subject to trends and cycles? Why do economists get it wrong more often than they get it right? And why is that okay? ANZ chief economist Sharon Zollner offers some deeper thoughts about money and the so-called “dismal science” in the latest episode of the Money Talks podcast (click link below). She also […]
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Questions related to the coronavirus pandemic have dominated search engines over the past year. More recently, and as vaccines have started to be rolled out, many people are asking when and where they can get a jab. Research into coronavirus vaccines continues, with researchers now looking into "second-generation" jabs to target variants of the virus. It's no surprise that questions […]
Read moreIndia’s economy is set for a ‘V’-shaped recovery in the next fiscal year, thanks to a massive vaccination drive and an expected rebound in the services sector, the Finance Ministry’s latest Economic Survey report said Friday. Real GDP is set to grow 11.0 percent n 2021-22 after an estimated 7.7 percent contraction in 2020-21 financial year. Elsewhere on Friday, the […]
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It's been quite the week for cult fitness companies Equinox and SoulCycle after many customers cancelled their memberships and threatened to boycott both businesses indefinitely. Customers were angered to find that Related Companies founder and chairman, Stephen Ross, hosted a fundraiser on August 9 in his Hamptons home benefiting President Donald Trump’s reelection. Also in attendance were Ronald Lauder, the […]
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The most recent unemployment report has just surfaced and things appear to be looking up, if only slightly. The U.S. Department of Labor released its Employment Situation report for January on Friday. It showed that 49,000 nonfarm payrolls were added last month, and the official unemployment rate fell 0.4 percentage points to 6.3%. While the unemployment rate was lower, this […]
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(Reuters) – The S&P 500 and the Nasdaq hit record highs on Friday on signs of progress towards more economic stimulus, while a closely watched jobs report confirmed the labor market was stabilizing.FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS/Brendan Mcdermid/File PhotoStill, U.S. employment growth […]
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