A rare pear-shaped diamond that is expected to fetch up to $15 million can be bought at auction next month using cryptocurrencies, Sotheby’s announced on Monday. Sotheby’s said it would be first time a diamond of such size has been offered for public purchase with cryptocurrency. No other physical object of such high value has…
Big Retailers Line up Deals to Take on Amazon Prime Day Frenzy
June 21, 2021
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Amazon.com will face challenges from big retailers during its annual Prime Day promotion, as more merchants piggyback on the multibillion-dollar online sales event. Target, Walmart, Bed, Bath & Beyond, Macy’s and Kohl’s are some top retail chains offering big discounts and promotions to coincide with Prime day, which takes place on Monday and Tuesday this…
Delta Aims to Hire Over 1,000 Pilots by Next Summer: Memo
Delta Air Lines aims to hire more than 1,000 pilots by next summer, according to a company memo reviewed by Reuters on Monday. Several other U.S. carriers have also said they plan to hire more pilots and staff. Delta expects U.S. leisure travel volume this month to return to pre-pandemic levels and is seeing more…
US Trade Boss Tai: We Will Not Incentivize Firms to Move Jobs Overseas
June 21, 2021
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WASHINGTON—The Biden administration said on Monday it was working closely with the United Autoworkers union in pressing Mexico to probe alleged labor rights violations at a General Motors plant in that country, and vowed to fight for a worker-focused trade policy. U.S. Trade Representative Katherine Tai told members of the UAW union during a visit…
Commerce Department Rescinds TikTok, WeChat Prohibited Transactions List
June 21, 2021
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WASHINGTON—The Commerce Department said Monday it was rescinding a list of prohibited transactions with TikTok and WeChat that were issued in September as the Trump administration sought to block new U.S. downloads of both Chinese-owned apps. The withdrawals came after President Joe Biden earlier this month withdrew a series of Trump-era executive orders that sought…
United Airlines Chief Warns of Potential Pilot Shortages
United Airlines Chief Executive Officer Scott Kirby said Sunday that the United States could face a potential pilot shortage, with his remarks coming as competitor American Airlines announced it was canceling hundreds of flights in July due to a staffing crunch. In an interview with “Axios on HBO,” Kirby said the possible pilot shortage was…
United Airlines Chief Warns of Potential Pilot Shortage
United Airlines Chief Executive Officer Scott Kirby said on June 20 that the United States could face a potential pilot shortage, with his remarks coming as competitor American Airlines announced that it’s canceling hundreds of flights in July because of a staffing crunch. In an interview with “Axios on HBO,” Kirby said the possible pilot…
Bitcoin Tumbles 10 Percent in Wake of Deepening China Clampdown
LONDON/TOKYO—Bitcoin tumbled almost 10 percent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding clampdown on bitcoin mining in thin liquidity for the losses. Bitcoin fell as low as $32,094 to its lowest in 12 days, dragging smaller coins down. It…
Time on Market for Typical US Home Drops to Just 6 Days: Report
A new report from real estate listing firm Zillow shows that, while the for-sale housing inventory ticked up slightly in May after falling for nine months straight, the typical time of a home on the market fell to just six days and prices hit record highs. “May brought a long-awaited bump in inventory nationwide, though…
Coca-Cola Diversity Policy Risks Violating Anti-Discrimination Laws, Shareholders Warn
A group of Coca-Cola shareholders are warning that the company’s recent diversity policy would actually require contracted law firms to violate anti-discrimination laws. In a letter dated June 11, the American Civil Rights Project (ACRP) noted that on Jan. 28, the general counsel of Coca-Cola demanded law firms seeking to keep the company as a client…
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