Dollar General and Dolgencorp were fined $3.4 million by the Department of Labor for unsafe conditions after inspections in 2022 at nine locations in Maine, North Dakota, Ohio, and Wisconsin, according to a press release this week. The Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed $21 million in fines since 2017…
Target, Walmart, Foot Locker Say Brazen Retail Theft Getting Worse
Several industry groups in the United States warned that brazen retail theft has increased despite their efforts to bolster loss prevention and increase security for employees. According to an executive with the National Retail Federation, described as the world’s largest trade organization, the loss of inventory due to retail theft reached $100 billion last year….
Majority of Top 10 Least Affordable Cities for Homebuyers Located in California
Eight out of the 10 least affordable cities for homebuyers in the United States are located in California, according to a recent report, with the state’s median sales price of a home over 30 percent higher compared to the early pandemic period. The eight Californian cities include Santa Barbara, Berkeley, Santa Monica, Glendale, Burbank, Los…
Swedish Online Fashion Retailer Blocks 42,000 Customers for Returning Too Many Purchased Items
STOCKHOLM—Sweden-based online fashion retailer Boozt AB said Thursday it has blocked 42,000 customers for returning too many items they had purchased, calling their actions too costly for the company and the environment. Ask Kirkeskov Riis, a spokesman for multibrand online store selling clothes and beauty products, said customers who were indefinitely blocked had sent back…
Target Shares Fall Following ‘Pride’ Push
Shares of Target have recently declined after the company launched LGBTQ products, including items aimed at children, triggering a backlash from Americans against the retailer’s transgender push. Target rolled out its Pride collection at the beginning of the month, offering over 2,000 products, including clothing, books, home furnishings, and calendars, among others. Some of the…
US Economic Growth for Last Quarter Is Revised Up to a Still-Tepid 1.3 Percent Annual Rate
WASHINGTON—The U.S. economy grew at a lackluster 1.3 percent annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday in a slight upgrade from its initial estimate. The government had previously estimated that the economy grew at a 1.1 percent annual rate last quarter. The…
Tucker Carlson Named Most Popular Individual Americans Follow for News in Survey
Tucker Carlson was named the most popular individual that Americans follow for the news in a recent survey, potentially delivering a warning to Fox News after he exited the network last month. In a Gallup survey, Americans were asked about who they watch or follow the most to obtain their information. Carlson was ranked No….
Facebook Owner Meta Slashes Business Operations Staff in Final Round of Mass Layoffs
May 25, 2023
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Meta Platforms Inc., owner of Facebook, Instagram, and WhatsApp, slashed jobs across its business and operations units on Wednesday as part of a plan announced last fall to eliminate 10,000 jobs in the course of a broader restructuring program. Dozens of Meta employees from enterprise engineering, marketing, corporate communications, site security, program management, and content…
More Short Term Pain for Consumers Amid Labor’s Pursuit of Net-Zero
The Albanese Labor government’s energy plan will likely leave a significant mark on Australia’s economic future. Resources Minister Madeleine King discussed her government’s intention to implement the Future Gas Strategy, an initiative designed to curtail the natural gas industry’s contribution to national emissions. “The gas industry is a major contributor to Australia’s emissions profile,” she…
Nasdaq Jumps at Open as Nvidia Forecast Sparks AI-driven Rally
The Nasdaq rose at open on Thursday as Nvidia shares soared on a blowout forecast from the chipmaker that also helped drive an AI rally, while progress in U.S. debt ceiling talks further boosted sentiment. The Nasdaq Composite rose 222.28 points, or 1.78 percent, to 12,706.44 at the opening bell. The Dow Jones Industrial Average…
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