The percentage of Americans seeking unemployment assistance increased for the 3rd week in a row, indicating that the highly infectious Delta variant may be delaying the labor market’s rebound. The Labor Department stated on Thursday that claims increased surprisingly by 11,000 last week to 362,000, despite analysts anticipating claims to fall. The 4-week moving average […]

McDonald’s made a surprising announcement on Thursday about the comeback of its cult-classic item on the menu, the McRib, just in time for the sandwich’s 40th anniversary. The BBQ classic, comprised of spiced boneless pork, BBQ sauce, onion, and pickles in a bun, will be featured in restaurants starting November 1. Even though it has […]

Dotdash, the digital media arm of Barry Charles Diller’s IAC, has agreed to buy Meredith Corp. The deal would cost the company around USD 2.7 billion. Dotdash is looking to primarily buy magazines units of Meredith in an all-cash transaction of USD 42.18 per share. After the acquisition, the combined company would be called Dotdash […]

China’s iron ore roller-coaster journey in 2021 shows no indication of abating, with prices emerging from a historic fall only to rapidly surge in a dramatic manner, investors continue to keep an eye on China Evergrande Group’s simmering debt problems. The company’s onshore property division said that it had achieved a deal with Yuan bondholders […]

Automobile manufacturers will soon be required to provide cars that can run on different fuel configurations. “Within the next three to four months, I will issue an order mandating that all car makers power their vehicles with flex engines,” Cabinet Minister Nitin Gadkari stated on 24 Sept 2021. At an earlier this month conference, the […]

California-based grocer Raley’s has signed a deal to acquire Arizona grocery chain Bashas’ Family of Stores. The information has been shared by the president and chief executive officer Edward “Trey” Basha. He said that the operations will continue after acquisition without any change. In a video presentation, Basha said that the acquisition is the new […]

Department store giant Neiman Marcus is in the process of informing millions of customers about a data breach that it discovered in September 2021. Neiman Marcus said that the breach involved around 4.6 million customers. The company said that data like payment cards number, date of expiry along with some personal information was compromised during […]

Royal Dutch Shell has decided to pay rival ConocoPhillips USD 9.5 billion to acquire its Permian Basin operations, the country’s largest oilfield. Recently, the Anglo-Dutch oil giant named the Permian as one of its key oil & gas-producing zones. However, there’s a lot of pressure on the American government to move faster of eliminating the […]

As per a former counselor to China’s Central Bank, the Evergrande debt problem will delay China’s economic development, however, the country’s economic structure will be relatively unaffected. Evergrande is the most indebted real estate developer in the world, owing more than USD 300 billion in liabilities. The firm has been facing difficulty in paying its […]

McDonald’s is giving one more reason to its customers to cheer for. The fast-food giant has announced that its tangy and tantalizing McRib is making a comeback. This comes at a time when McDonald’s is readying to celebrate the 40th anniversary of the cult classic menu item. McRib fans have been waiting for this day […]

The United States Postal Service is all set to implement new operating standards and this could result in slower operations. The USPS said that the implementation process may backup mail deliveries and pickups. Spokeswoman Kim Frum said that the new operating standards for First Class Mail and Periodicals will be implemented this week and may […]

The UN aims to restructure the USD 540 billion of farming subsidies in order to improve the environment and encourage a healthier diet. According to new research, livestock and food industries are among the top carbon emitters in the world. Financial assistance provided to farmers accounts for 15% of agriculture’s overall production value globally, with the […]

Amid a fresh rise in the number of coronavirus cases, Costco has reinstated the purchases limit on certain products. Not only Costco, but US sportswear giant Nike has also said that it is facing shortages of certain items because of global supply chain problems. These major companies warn of product shortages at a time when […]

Unruly air passengers have been a problem for all airlines and it has been haunting them more since the beginning of the coronavirus pandemic. Most of the incidents were related to passengers not following the Covid-19 appropriate protocol like wearing masks while traveling. Even after things getting back to normal, the problem continues to be […]

FedEx Corporation has started using autonomous trucks on delivery routes between Dallas and Houston. The trucks being used FedEx is of self-driving vehicle startup Aurora. Apart from aurora, the courier service provider has collaborated with PACCAR for this. FedEx said the collaboration would help them to deploy autonomous technology in a safe way. PACCAR is […]

As the demand for all-electric pickup trucks is on the rise, Ford has announced that it would hire more employees and also increase investment to boost the production of its F-150 Lightning. The company is expected to add 450 jobs to increase production. Ford is building prototypes of the F-150 Lightning. These workers will be […]

In a bid to encourage more and more employees to get vaccinated, Southwest Airlines has implemented a new vaccine policy. Under this policy, the airline will give 16 hours extra pay to all the fully vaccinated staff. At the same time, those staff who are not vaccinated against the Covid-19 would lose special sick pay […]

Intuit has agreed to acquire email marketer Mailchimp for USD 12 billion in cash and stock advances. The global technology platform is acquiring Mailchimp just months after it spend USD 7.1 billion to purchase Credit Karma. The company is acquiring Mailchimp under a strategy to become an Artificial Intelligence-driven platform. Together, these companies would work […]

Google knowingly underpaid thousands of temporary workers for years. According to a complaint filed with the Security and Exchange Commission, the tech giant did this in several countries. Moreover, the company sought to hide that fact. There are some internal emails that clearly show the issue was pointed out by a group of managers who […]

Amazon has decided to offer 100 percent college tuition for almost 750,000 hourly workers in the United States. The e-commerce giant said that it is would invest around USD 1.2 billion over the period of four years on this and more. Amazon is the latest major employer to offer such perks in the recent past. […]