Simone Del Rosario
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Amazon boosts max base pay to $350,000 in bid to retain tech talent
Amazon is more than doubling its max base pay to try to hold onto white-collar workers after a record number of top talent left the company last year. The new corporate base salary cap is $350,000, a huge leap from the previous max of $160,000. The previous base pay was not as competitive among other… -
Peloton cuts 2,800 jobs, replaces CEO with former Spotify CFO
Peloton’s cofounder is unclipping after a rough ride. John Foley is out as chief executive officer and will instead be executive chair, while Barry McCarthy will try to peddle Peloton into a new age as the new CEO. McCarthy is the former chief financial officer of Spotify and Netflix and is a self-proclaimed “passionate Peloton… -
Frontier, Spirit Airlines announce $6.6 billion merger
Two of the country’s biggest budget airlines are merging together to create one mega low-fare flying company. Frontier Airlines and Spirit Airlines announced the deal Monday morning, which is valued at $6.6 billion. The combination is being billed by the company CEOs as a merger of equals, but Frontier has a slight edge with a… -
The Spotify boycott is growing. 5 other celebrity boycotts forced businesses to change.
Neil Young might be a 76-year-old rocker, but he’s still starting trends with his decision to pull his catalog from Spotify over Joe Rogan’s controversial podcast. Do celebrity boycotts matter? Here are five that forced business’ hands, sparking change and conversation. #5: George Clooney boycotts Dorchester Hotels The Oscar-winning actor led a boycott of hotels… -
Report: Beijing 2022 Winter Olympics 10x over budget, more proof hosting is a bad deal
Holding the Olympic torch is an honor for those who get the opportunity. But hosting the Olympics? The way host countries burn through money, it’s really become more of a financial burden. Take the Beijing Winter Olympics. China is officially reporting that it’ll cost $3.9 billion to host, which would be the cheapest Olympics in… -
White House braces for bad jobs report amid Omicron, warns of negative numbers
The White House is bracing for a bad January jobs report, repeatedly tamping down expectations ahead of Friday’s release. Officials warn Omicron will likely skew hiring results since nearly 9 million people called out sick the week the data was collected, according to a Census survey. The reference week for January’s jobs report was taken Jan.… -
Spotify in damage control mode, Joe Rogan apologizes over podcast controversy
Spotify is doing damage control after losing billions in market value amid the Joe Rogan podcast fallout, adding disclaimers to content that mentions COVID-19 and directing listeners to a COVID-19 resource hub. At issue are episodes from The Joe Rogan Experience podcast that critics say help spread misinformation about COVID-19 and vaccines. The controversy gained… -
ESG liars? SEC investigating misleading sustainability claims from investment funds
A new study is sowing doubt into the legitimacy of dozens of ESG-labeled investment funds, while researchers behind the work are asking the U.S. Securities and Exchange Commission to investigate misleading claims. ESG, which stands for environmental, social, governance, is a trendy moniker meant to designate investments funds prioritizing what’s considered to be “socially responsible investing.”… -
5 ways to diversify investments while stock market swings
If you’re stressed by the stock market’s wild swings this week, it might be time to diversify. These five investment ideas outside the stock market are fun to collect and can pay pretty big dividends. #5: Lego They hurt to step on but could tickle the wallet. Just be sure to keep them in the… -
Tesla, Ford, Apple grapple with a chip shortage. Experts question if demand is overblown.
The chip shortage isn’t done wreaking havoc on major companies. It’s the reason Tesla said in this week’s earnings report that the company won’t be making any new models this year, again delaying the much-anticipated Cybertruck. And Tesla has fared better than most in the auto industry. The chip shortage has cost the global industry… -
US GDP skyrocketed 5.7% in 2021, highest yearly economic growth since 1984
According to Gross Domestic Product numbers released by the Commerce Department Thursday, the United States saw its highest year-to-year economic growth since 1984 in 2021. The country’s GDP rose 5.7% in 2021, including a 6.9% annual rate of growth in the fourth quarter of 2021. “The increase in real GDP primarily reflected increases in private… -
Powell: Fed to raise interest rates ‘soon’ to fight persistent inflation
For the first time since the start of the pandemic, the Federal Reserve said it’ll soon be ready to raise its benchmark interest rate, which has been sitting near-zero for nearly two years. When that happens, it’ll be the first rate increase since 2018. The news broke Wednesday afternoon after the committee’s 2-day policy meeting.… -
Biden’s hot mic moment shines spotlight on inflation
A hot mic caught President Joe Biden making a sarcastic comment about inflation. With inflation up seven percent, new polling from NBC News found 61 percent of Americans feel they are losing ground because of the increased cost of living. Biden spoke to reporters Monday ahead of a meeting with the White House Competition Council.…
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In-N-Out Burger moving headquarters from California to Tennessee
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Reuters
Most power restored after blackout plunges 90% of Chile into darkness
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Reuters
Taiwan scrambles forces as China stages provocative ‘live-fire’ war games
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New search begins for Malaysia Airlines flight MH370 missing nearly 11 years
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