Recommendations for Columbia City Council include ending city logo trash-bag program next year
The Columbia City Council will meet Monday to discuss recommendations for trash pickup in the city.Â
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Labor Secretary says Congress needs to block rail strikes without new deals
By Chris Isidore, CNN Business Labor Secretary Marty Walsh says he hopes negotiators between railroads and some rail unions can reach new labor deals and avert a possible strike. But he said without a deal he expects Congress will step in and impose contracts on the unhappy rank-and-file union members. The statement is a blow
Continue Reading Railroad unions push back threatened strike date
By Chris Isidore and Vanessa Yurkevich, CNN Business The threat of a freight railroad strike has been pushed back to early December, as four major unions have agreed to coordinate the date on which they could potentially go on strike. The third-largest railroad union, the Brotherhood of Maintenance of Way Employe Division, had been prepared
Continue Reading Helicopter misses rocket booster in wild attempt to recapture it after flight
By Jackie Wattles, CNN Business Rocket Lab, a start-up building small orbital rockets, kicked off another successful mission on Friday — but it failed in its efforts to recapture its rocket booster as it tumbled down toward Earth. The company deployed a helicopter with a hook attachment, but it wasn’t able to catch the booster.
Continue Reading Georgia shoe manufacturer lays off most of workforce after Adidas stops Yeezy production
By Melissa Alonso, CNN Okabashi, an Adidas manufacturing partner and family-owned footwear company in Buford, Georgia, has laid off 142 employees as a result of Adidas ending its partnership with Ye, formerly known as Kanye West. “As of right now there are not enough orders to keep all employees busy with work. Very regrettably, Okabashi
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Organizations to host marketing workshop in Jefferson City for small business owners
JEFFERSON CITY, Mo. (KMIZ) Several organizations from the Jefferson City area will hold a free marketing workshop Friday morning. The “How to Own Your Local Market” marketing workshop will be at First Mid Bank & Trust from 9 a.m. until 1 p.m. Anyone interested in attending the workshop can register before 8 a.m. Although, organizers
Continue Reading Puma’s outgoing CEO could lead rival Adidas next
By Julia Horowitz, CNN Business Adidas could snap up the boss of crosstown rival Puma to succeed outgoing CEO Kasper Rorsted. The sportswear company said Friday that it’s in talks with Puma CEO Bjørn Gulden to step in as successor to Rorsted, who is due to depart some time in 2023. Gulden, meanwhile, is set
Continue Reading Mixed bag for jobs: Employers keep hiring, but unemployment rises
By Chris Isidore, CNN Business The white-hot US labor market is showing signs of cooling, with the Labor Department reporting Friday a slower pace of hiring and higher unemployment. While the closely watched October jobs report was strong by historical standards, it suggests a series of rate hikes by the Federal Reserve meant to cool
Continue Reading What’s behind wide salary ranges after New York’s pay transparency law
By Jeanne Sahadi, CNN Business It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is based on many factors, including a person’s experience and performance, the market rate for the position when they were hired and their negotiation skills. But it’s hard to fathom that
Continue Reading Stocks in Hong Kong log best week in more than a decade
By Julia Horowitz, CNN Business Global investors have two big questions on their minds: When will the Federal Reserve become less aggressive in its campaign against inflation? And does Beijing plan to ease its strict “zero-Covid” policy any time soon? Markets were disappointed this week when the Fed indicated it could push interest rates even
Continue Reading Elon Musk said Twitter has seen a ‘massive drop in revenue’ as more brands pause ads
By Clare Duffy and Catherine Thorbecke, CNN Elon Musk said Friday that Twitter has seen a “massive drop in revenue,” as a growing number of advertisers pause spending on the platform in the wake of his $44 billion acquisition. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though
Continue Reading Interest rates will keep rising. How high will they go?
By Nicole Goodkind, CNN Business What will the Federal Reserve do at its meeting in December? Analysts can speculate all they want, but Fed officials say they will be using hard economic data to make their next decision. That means key housing, labor, and inflation reports will likely have outsized effects on the market as
Continue Reading Mixed bag for jobs: Employers keep hiring, but unemployment rises
By Chris Isidore, CNN Business The white-hot US labor market is showing signs of cooling, with the Labor Department reporting Friday a slower pace of hiring and higher unemployment. While the closely watched October jobs report was strong by historical standards, it suggests a series of rate hikes by the Federal Reserve meant to cool
Continue Reading Elon Musk said Twitter has seen a ‘massive drop in revenue’ as more brands pause ads
By Clare Duffy and Catherine Thorbecke, CNN Elon Musk said Friday that Twitter has seen a “massive drop in revenue,” as a growing number of advertisers pause spending on the platform in the wake of his $44 billion acquisition. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though
Continue Reading Elon Musk’s Twitter lays off employees across the company
By Donie O’Sullivan and Clare Duffy, CNN Twitter on Friday laid off thousands of employees in departments across the company, in a severe round of cost cutting that could potentially upend how one of the world’s most influential platforms operates one week after it was acquired by billionaire Elon Musk. Numerous Twitter employees began posting
Continue Reading America’s housing dream is broken
By Allison Morrow, CNN Business A little over a decade ago, the dominant narrative about the housing market was that Millennials simply weren’t buying. They were either too cheap, lazy, or itinerant to commit to something as weighty as a mortgage. Cut to 2020 and that narrative got flipped on its head. It wasn’t that
Continue Reading America’s housing dream is broken
By Allison Morrow, CNN Business A little over a decade ago, the dominant narrative about the housing market was that Millennials simply weren’t buying. They were either too cheap, lazy, or itinerant to commit to something as weighty as a mortgage. Cut to 2020 and that narrative got flipped on its head. It wasn’t that
Continue Reading Elon Musk wants Twitter users to pay to be verified. It could create a new set of headaches for the company
By Clare Duffy, CNN Business In 2009, after Twitter was sued by then-St. Louis Cardinals manager Tony La Russa for being impersonated on the platform, the young company introduced a new feature: a blue and white check mark. The check indicated that Twitter had verified the accounts of artists, athletes, government officials and agencies and
Continue Reading Holiday sales expected to increase this year, but shoppers will lean on savings and credit to afford gifts
By Parija Kavilanz, CNN Business Families may not skimp on holiday gifts for their loved ones this year, but they’ll likely slim down their list of recipients, turn to credit cards and dip into savings to afford them, according to an industry forecast Thursday. So who will be on the list? The kids, the grandparents,
Continue Reading The chicken sandwich isn’t enough for Popeyes anymore
By Danielle Wiener-Bronner, CNN Business When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it came back, it was a massive hit — the sandwich was so popular it helped lift sales for the chicken chain. Popeyes has sold nuggets and fish sandwiches modeled on
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