New Union For Strippers, Who Have Historically Been Seen As Independent Contractors Rather Than Employees.
On a recent Saturday night, a group of dancers in outlandish costumes held signs outside the Star Garden topless bar in North Hollywood, urging customers to stay away. Dancers claimed they had been locked out for four months because they had petitioned club owners to reinstate two fired colleagues and improve security and safety measures. […]
After Worries Of The US Securities And Exchange Commission Delisting The Company, The Alibaba Stock Price Plummeted In Hong Kong.
Alibaba shares fell Monday after US regulators added the stock to a growing list of Chinese firms that might be kicked off Wall Street if US auditors can’t inspect their financial statements. Alibaba’s stock plunged 11 percent Friday after the Securities and Exchange Commission put the company on its watchlist. Investors have worried about Alibaba […]
Netflix Finally Told Investors Just What They Need To Hear. Now Comes The Hard Part.
Hardly a month ago, trouble on Wall Street damaging to Netflix was the topic of scandal between April and May. Subsequently, investors were excited about the total number of Netflix customers abandoning the service. Actually, they are delighted. Netflix shares are up more than 6% in premarket trading on Wednesday after the company reported its […]
This Is What We Need To Do To Get The Global Economy Working Again.
The global supply chain disruption sparked by the deadly coronavirus has taken a long time to recover. And now, as another wave of infections looms, some analysts are worried that manufacturers and transporters will have trouble getting goods to customers quickly enough to avoid a fresh wave of inflation. Container shipping has seen a rebound, […]
China’s Economy Has Seen The Slowest Growth Since The Beginning Of The Year 2020.
China’s economy recorded a 0.4% decrease in growth in the last quarter in comparison to the previous fiscal year. For the first time in over two years, the effects of coronavirus lockdowns were felt in China, shutting down motorways and tightening social distancing measures as the country responded to the pandemic and the effects of […]
The Euro And The US Dollar Have Been At Parity For The First Time In 20 Years.
For the first time in two decades, the exchange rate between the euro and the US dollar has returned to parity. The euro reached $1.00 on Tuesday, down about 12% since the start of 2015. Unemployment fears have been stoked by high inflation and high-aspect energy uncertainty related to Russia’s invasion of Ukraine. The European […]
US And China Exchange Information About Economic Issues Amid Mounting Concerns Regarding The Rollback Of US Tariffs On China.
The talks between the United States and China were held on Monday, August 5, to discuss challenges that the global economy faces amid a rising theory that some Trump-era tariffs could be cut to ease inflation and increase growth. US Treasury Secretary Janet Yellen and China’s Vice Premier Liu He Beijing’s top economic official […]
Tencent’s Largest Shareholder Has Reportedly Run Out Of Stock To Sell.
Tencent’s largest shareholder, about a year after promising it would not sell its stock, will cease its gradual decrease of its stake in the Chinese social media giant and begin to repurchase its shares. Prosus, an independent offering by South African media and internet investment firm Naspers, announced Monday that it would halt its big […]
The CEO Who Dismissed 900 Staff Members Over Zoom Is Mixed Up About Investors.
Vishal Garg, the CEO of Better.com who fired 900 employees over Zoom just before Christmas, has been sued by a former executive for allegedly misleading investors. A mortgage company backed by SoftBank agreed to a $7.7 billion merger with a blank-check firm to take the company public just over a year ago, but the so-called […]
The Marriott Hotel Chain Is Exiting The Russia Market After 25 Years Of Operation.
Marriott Worldwide, Inc., a reservation service franchise, announced it was giving up its operations in Russia. The company cites Western economic sanctions as the main cause for its exit. Marriott International, the world’s biggest hotel chain, announced that it would close its Moscow office and pause investment in Russia in response to the invasion of […]