NASCAR teams call revenue model 'broken,' warn of layoffs
The most powerful teams in NASCAR warned Friday that the venerable stock car racing series has a "broken" economic model that is unfair and has little to no chance of long-term stability, a stunning announcement that added to a growing list of woes.
The most powerful teams in NASCAR warned Friday that the venerable stock car racing series has a "broken" economic model that is unfair and has little to no chance of long-term stability, a stunning announcement that added to a growing list of woes.
Another month of solid US hiring suggests more big Fed hikes
America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
Amazon to hire 150,000 full-time, part-time, seasonal workers for the holiday season
The announcement, made Thursday, shows the e-commerce behemoth is taking a less conservative approach to its holiday planning than Walmart.
The announcement, made Thursday, shows the e-commerce behemoth is taking a less conservative approach to its holiday planning than Walmart.
Peloton to cut 500 jobs as company's turnaround efforts continue
Peloton’s shares surged more than 400% in 2020 amid pandemic lockdowns, but sales have slowed as more people go back to the gym.
Peloton’s shares surged more than 400% in 2020 amid pandemic lockdowns, but sales have slowed as more people go back to the gym.
Regular 'micro breaks' at work could boost energy levels, study suggests
Breaks of 10 minutes or less reduced fatigue and helped employees take on their tasks with more vigor, according to the study published in the journal PLOS One.
Breaks of 10 minutes or less reduced fatigue and helped employees take on their tasks with more vigor, according to the study published in the journal PLOS One.
The Great Resignation: How much does it cost to quit your job?
Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.
Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.
Fewer people request US unemployment benefits amid solid hiring, high inflation
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Southwest, United Airlines workers picketing at Sky Harbor Airport
Workers from two airlines, Southwest and United, will be demonstrating outside of Terminals 3 and 4, as the unions for both airlines are demanding new contracts.
Workers from two airlines, Southwest and United, will be demonstrating outside of Terminals 3 and 4, as the unions for both airlines are demanding new contracts.
Dick's Sporting Goods announces plans to hire up to 9,000 for holidays
A slew of companies have already announced their seasonal hiring plans.
A slew of companies have already announced their seasonal hiring plans.
Macy's hiring 41K seasonal workers for the holidays
Macy's plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full-time.
Macy's plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full-time.
Pandemic lessons for casinos: 'Do you need a buffet?'
The COVID pandemic forced most U.S. casinos to close for months, causing payrolls, revenue and earnings to tumble. But the forced shutdowns and highly regulated recoveries also taught some useful lessons that will endure even after the pandemic is a distant memory.
The COVID pandemic forced most U.S. casinos to close for months, causing payrolls, revenue and earnings to tumble. But the forced shutdowns and highly regulated recoveries also taught some useful lessons that will endure even after the pandemic is a distant memory.
Walmart to hire 40,000 mostly seasonal US workers for holidays
Walmart is taking a cautious approach to the holiday shopping season as retailers face a slowdown in consumer spending overall due to surging costs on things like rent and food.
Walmart is taking a cautious approach to the holiday shopping season as retailers face a slowdown in consumer spending overall due to surging costs on things like rent and food.
Gap slashes 500 corporate jobs after pandemic, supply chain issues
The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta.
The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta.
Gallup: More than half of U.S. workers are ‘quiet quitting’
A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.
A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.
Cleveland auto mechanic becomes doctor at age 51, inspires others to pursue their dreams
At 19, Carl Allamby became a mechanic and opened his own auto repair shop — but he never forgot his childhood dream of becoming a doctor one day. In his mid-30s, he started taking college classes at night while working full time, and 13 years later, he graduated from medical school at the age of 47.
At 19, Carl Allamby became a mechanic and opened his own auto repair shop — but he never forgot his childhood dream of becoming a doctor one day. In his mid-30s, he started taking college classes at night while working full time, and 13 years later, he graduated from medical school at the age of 47.
One union rejects tentative deal days ahead of rail strike deadline
Members of one union are rejecting a tentative deal with the largest U.S. freight railroads while three other unions remained at the bargaining table just days ahead of a national strike deadline.
Members of one union are rejecting a tentative deal with the largest U.S. freight railroads while three other unions remained at the bargaining table just days ahead of a national strike deadline.
Union members reject deal 2 days before deadline to avoid massive rail strike
A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.
A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.
Flagstaff increasing its minimum wage to $16.80 per hour
Voters passed a minimum wage act in November 2016 that stipulated the city’s minimum wage would be increased annually by the increase in the cost of living beginning in 2023.
Voters passed a minimum wage act in November 2016 that stipulated the city’s minimum wage would be increased annually by the increase in the cost of living beginning in 2023.
Massive rail strike could mean more supply chain issues
A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.
A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.
Hard Rock spends $100M to raise pay for non-tipped US staff
Hard Rock International, the global gambling, entertainment and hospitality company, said Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S.
Hard Rock International, the global gambling, entertainment and hospitality company, said Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S.