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Southwest Airlines grounded all of its flights Monday night due to a technical glitch. Southwest said a third-party weather data provider "experienced intermittend performance issues." It grounded flights for safety reasons, it said. Southwest Airlines grounded all of its planes Monday night after a network glitch stopped operators receiving vital weather data, delaying passengers for hours. A company spokesperson said in a statement that its third-party weather data provider "experienced intermittent performance issues."
Persons: We've, Sheryl Gay Stolberg Organizations: Airlines, NPR, Southwest Airlines, Southwest, Southwest Airlines Customer, Twitter, Chicago Midway, New York Times, Baltimore Locations: Hollywood Burbank, Phoenix, Chicago, Florida
Top engineers are leaving Big Tech firms to join collaboration software startups, the WSJ reports. Some tech execs expect that a rise in hybrid working will boost demand for collaboration tools. Some executives at Big Tech firms, including Facebook, have left their jobs to join startups building collaboration tools in anticipation of a boom in hybrid working, the Wall Street Journal reported. Cannon said that she knew at least 12 recent collaboration startups founded or led by former Big Tech executives, per the Journal. Banking giants Deutsche Bank and Citigroup, for example, have said they would embrace hybrid working in the future.
Persons: Raymond Endres, Sarah Cannon, Cannon, Endres Organizations: Big Tech, Facebook, Wall Street Journal, Ventures, Banking, Deutsche Bank, Citigroup
Apple plans to drop mask mandates for vaccinated customers at many stores from Tuesday, sources told Bloomberg. Apple staff at the stores will still have to wear masks, the sources said. Apple plans to allow vaccinated customers to go without masks at many of its US stores from Tuesday, sources familiar with the matter told Bloomberg. Staff would not ask customers to provide proof of vaccination, unnamed sources told Bloomberg. Walmart, Costco, and Trader Joe's were among the retailers that lifted mask requirements for vaccinated customers.
Persons: Joe's, Deidre O'Brien, Apple's Organizations: Bloomberg, Apple, Staff, Center for Disease Control, Prevention, Walmart, Costco Locations: California, Cupertino , California
Elon Musk said Tesla would accept Bitcoin payments again once "mining" uses 50% renewable energy. Tesla started accepting Bitcoin in March, then stopped in May, citing environmental concerns. Tesla will resume accepting bitcoin payments for its cars once miners of the cryptocurrency can show they are using roughly 50% clean energy, CEO Elon Musk said in a tweet on Sunday. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said. This is the first time Musk has detailed the conditions where the company would start accepting Bitcoin again.
Persons: Elon Musk, Tesla, Bitcoin, Musk, Magda Wierzycka, Sygnia, Wierzycka Organizations: BTC, Cambridge University Locations: Bitcoin, China
Hoffman said volatility was 'required' before mass adoption of crypto and the technology that underpins it. This year's extreme volatility in the cryptocurrency market has troubled regulators and given big investors pause for thought. But it doesn't faze Gene Hoffman, president and COO of Chia, the new $500 million "green" token. "It's kind of like saying that we're gonna adopt the internet in the late 90s without having volatility in internet stocks. Chia's XCH token earns its green credentials from the energy use of its mining process.
Persons: Gene Hoffman, Chia, Hoffman, we're, Cryptocurrencies, Elon Musk, Mark Cuban, cryptocurrencies, Cuban, Bram Cohen, It's, Chia's Organizations: Tesla, eBay Locations: China, Europe, Vietnam, Polkadot's
Goldman Sachs CEO David Solomon has released a new single, with proceeds going to charity. The bank chief, who sometimes uses the name "DJ D-Sol," posted the song on his Instagram account. David Solomon, the CEO of Goldman Sachs, dropped a new single as part of his dance-music side project. A Goldman spokesperson told the outlet: "David enjoys producing music, and he is dedicated to giving back. In February, Solomon made clear that he wanted staff back in the office, as Insider's Reed Alexander reported.
Persons: Goldman Sachs, David Solomon, David, Solomon, Insider's Reed Alexander, Goldman, Anna Cooban, Kate Duffy Organizations: New York Post, Goldman, Guardian, The New York Times, Times Locations: London
The price of bacon has jumped 13% year-on-year, BLS data shows, and it rose 1.8% between April and May. Bacon is now 13% more expensive than a year ago, according to the latest data from the Bureau of Labor Statistics (BLS). The cost of bacon rose 1.8% between April and May, according to BLS data — this was a slower increase than March to April, when bacon prices jumped 3.4%. Over the past year, whole milk prices have risen 7.2%, beer 2.4%, and cigarettes 7.6%, the BLS data showed. The 5% year-on-year inflation was the strongest since August 2008, and beat economists' expectations.
Persons: Bacon, Burger, Popeyes, Jayson L, Lusk, Whiskey, Insider's Juliana Kaplan, Andy Kiersz Organizations: Bureau of Labor Statistics, Bloomberg News, Department of Agricultural, Perdue, BLS, CPI
Uber retracted an offer to subsidize its US drivers' healthcare costs, in an email shared on Twitter. Uber has retracted an offer to subsidize most drivers' health insurance plans, saying it had made a "mistake." But Uber backtracked on Wednesday, emailing drivers saying the original offer was only meant for California drivers. Another Uber driver shared the same email on a Reddit thread for Uber drivers. One of those was for gig-work companies to pay into a common fund to help subsidize workers' healthcare in the state.
Persons: Uber, Ed Burmila, Burmila, Gizmodo Organizations: Twitter Locations: California
Several banks have thus far requested to learn about employees' COVID-19 vaccination status. Goldman Sachs, Wells Fargo, and Credit Suisse have surveyed workers about receiving the jab. Insider has reviewed memos from three banks — Goldman Sachs, Credit Suisse, and Wells Fargo — sent in recent days, inquiring about workers' vaccination status. Previously, Insider reported that Credit Suisse employees who had received the COVID-19 vaccine would voluntarily be able to return to the office beginning on June 14. Wells FargoWells Fargo alerted all US employees on June 10 that it will confidentially survey them in regards to their vaccination status.
Persons: Goldman Sachs, Wells, hasn't, — Goldman Sachs, Wells Fargo —, Reed Alexander, Goldman Sachs Goldman Sachs, Scott Powell, Powell, Wells Fargo, Aaron Weinman, Anna Cooban, Kate Duffy Organizations: Credit Suisse, Opportunity Commission, New York Times, Employees, Labor Locations: Wells Fargo, Wall, Wells Fargo Wells Fargo
A ProPublica report showed how some of richest Americans had legally slashed their income tax bills. A GOP senator who oversaw a 2017 corporation tax cut criticized the reported tax avoidance. The 2017 Tax Cuts and Jobs Act also reduced the tax rate for the top income bracket from 39.6% to 37%. "Raising multibillionaires' income taxes isn't enough when these guys don't grow their fortunes from income," Warren tweeted Wednesday. "We need a Wealth Tax in American to help fix a tax system that's rigged for the rich and powerful."
Persons: ProPublica, Jeff Bezos, Elon Musk, Warren Buffett, Bill Gates, Mark Zuckerberg —, Trump, Republican Sen, Patrick J, Toomey, Bezos, Buffett, Donald Trump, Democratic Sen, Ron Wyden, Elizabeth Warren, Warren, Pramila, Brendan Boyle of Pennsylvania Organizations: GOP, The New York Times, Republican, New York Times, Berkshire Hathaway, Democratic Locations: Pennsylvania, Washington
Airlines say passenger weights have increased between 5% and 10% since past estimates, the WSJ reports. American Airlines told The Journal that its new average passenger weight was 182 pounds in summer, up 8 pounds. Higher average passenger weights require updated safety protocols, and could mean fewer people on flights. The Federal Aviation Administration (FAA) has asked US airlines to update their average weight estimates for passengers and baggage as part of their safety plans, the Wall Street Journal reported. These plans would include new estimates for average passenger and baggage weights, The Journal reported.
Persons: Mike Byham, Byham Organizations: American Airlines, Federal Aviation Administration, FAA, Wall Street Journal, . American Airlines
Goldman Sachs wants to know how many employees have been vaccinated, per a memo seen by the NYT. The bank gave staff a deadline of 12 p.m. Thursday to report their vaccination status. Goldman Sachs is keen to know how many of its US employees have been vaccinated as staff return to offices. The memo was sent earlier this week to bankers who had not yet reported their vaccination status, The Times said. It wasn't clear if report vaccination status was mandatory.
Persons: Goldman Sachs, Goldman, they've, Goldman Sachs didn't, David Solomon Organizations: The New York Times, Times, The Times, Workers Locations: Manhattan
About 4 million workers in the US quit their jobs in April — a 20-year record. There were 9.3 million job vacancies at the end of April, another 20-year record. Job vacancies rose most in the accommodation and food-service sectors. The survey also showed that 4 million workers quit their jobs in April — another 20-year record. Companies were advertising 9.3 job million openings at the end of April, up 12% from the previous month.
Persons: , Job, Lyft Organizations: Labor Department, Companies, US, of Commerce, National Community Pharmacists Association Locations: COVID
Americans have saved up to 70% of their latest stimulus checks, Bank of America's CEO told CBS. "Our consumers have lots of money in their checking accounts," Moynihan told CBS. Americans have collectively saved billions from the last two rounds of stimulus checks, Bank of America CEO Brian Moynihan told CBS in an interview on Sunday. "Our consumers have lots of money in their checking accounts ," Moynihan told CBS. The second and third rounds of federal government stimulus checks totaled an estimated $575 billion, according to the Peter G. Peterson Foundation, an economic think tank.
Persons: Moynihan, Brian Moynihan, Peter G, Joe Biden Organizations: Bank of America's, CBS, Bank of America, Peterson Foundation, Bank, Plan
Wages are raising for American workers, especially those in leisure and hospitality. The number of workers quitting is at multi-decade highs, potentially over pay and conditions. For workers in leisure and hospitality, wages increased by 7.2% between January and May. In March, the quits rate for leisure and hospitality workers was 5.1%; in April, it grew to 5.3%. "We have more than ample room to raise workers' pay without raising customer prices."
Persons: Anna Cooban, Insider's Áine Cain, Democrats weren't, Joe Biden's, Biden, Lael Brainard Organizations: Sectors, Democrats, Plan, Workers, Federal
United Airlines and Delta Air Lines are among the six carriers calling for a travel corridor. The chief executives of American Airlines, Delta Air Lines, United Airlines, and JetBlue joined British carriers Virgin Atlantic, and British Airways in urging President Joe Biden and UK Prime Minister Boris Johnson to lift travel restrictions between the two countries. Airlines posted record losses in 2020 after the pandemic forced them to suspend international travel. American Airlines reported a $8.9 billion annual loss in 2020.International airlines are expected to lose up to $157 billion across 2020 and 2021, the International Air Transport Association predicted last year. Many have announced new incentives to encourage people to travel - United offered its MileagePlus passengers a chance to win a year of free flights.
Persons: Joe Biden, Boris Johnson, Scott Kirby Organizations: United Airlines, Delta Air Lines, US, American Airlines, JetBlue, British, Virgin Atlantic, British Airways, UK, US Travel Association, London's, Airlines, International Air Transport Association, United, COVID, Delta Locations: Cornwall, England
A California café owner is charging customers $5 if they wear masks, Fox Business reports. Café owner Chris Castleman said the fee money would go to charities. A California café owner has said he will charge customers $5 if they wear masks inside his restaurant to push back against lockdown restrictions, Fox Business reported on Tuesday. Castleman told Fox he would donate the extra money to charities "dealing with the overwhelming consequences of the lockdowns." Fiddleheads Café in California is charging customers $5 for wearing masks.
Persons: Fiddleheads Café, Chris Castleman, Stuart Varney, Castleman, Fox, We've, crowdfunding, Gavin Newsom Organizations: Fox Business, Fox, COVID Locations: California, GoFundMe, Mendocino County
Tinder, Hinge, and Bumble have said they will give perks to users who show they're vaccinated. Nine dating apps have teamed up with the UK government to encourage their users to get the jab. Dating apps have formed an unlikely partnership: Tinder, Hinge, and Bumble are among the nine apps that have teamed up with the UK government to encourage their users to get vaccinated. The scheme is based on trust as there is no way of verifying users' vaccine status, according to the BBC. Tinder users will get a free "Super Like" – a feature allowing users to stand out on the platform – if they display the sticker.
Persons: Bumble, Alexandre Lubot, OKCupid Organizations: BBC, Match Group Locations: Plenty
United Airlines will require all new US-based staff to be vaccinated, an internal memo said. United will not require current staff to get vaccinated, but has offered incentives. All new employees receiving job offers after June 15 will be asked to show proof that they are fully vaccinated, United said in the memo. The airline will not require current employees to get jabbed, but will strongly encourage it by offering incentives. United follow Delta Air Lines which last month last month announced that it would require all new employees to be vaccinated, and may bar current staff from working on international flights if they refuse to get the jab.
Persons: United, Scott Kirby Organizations: Airlines, Delta Air Lines, United Airlines, Association of, United
Users are banned from posting "vulgar" content such as nose-picking, spanking or wearing a bikini. Chinese tech firms have faced increased scrutiny from the government in recent months. Tencent has banned 'vulgar' WeChat live-stream content including spanking, lip-licking, and nose-pickingTencent has published a list of "violations" on WeChat, its live-streaming service used by more than one billion monthly users, CNBC reported on Friday. The Chinese tech giant listed behaviours that are prohibited on the platform, including "vulgar" content such as "seductive lip licking" and spanking. Many Chinese tech firms have faced mounting scrutiny from the government in recent months.
Persons: Tencent Organizations: CNBC, Regulators Locations: China
Law firms could offer up to $164,000 in bonuses to senior associates, Bloomberg reported. Some firms have offered meeting-free days, extra vacation, and more flexibility to lawyers. Law firms have offered $164,000 bonuses, extra vacation, and more flexibility to their lawyers in an effort to retain top talent and prevent burnout, Bloomberg reported. Many firms have offered associates retention bonuses split across the year to incentivize them to stay, according to Bloomberg. Global law firm DLA Piper has given its lawyers a "one-week thank you," which they can take either as vacation or as an extra week's pay.
Persons: DLA Piper, Simon Levine, Sutcliffe, Orrick, Ellis, Kirkland Organizations: Bloomberg, Firms, Biglaw Investor, Global, Herrington, Kirkland Locations: restructures
Asset firm Legal & General has suspended rent for 10 businesses for two years, the NYT reports. Rent pauses are designed to help retailers recover from the pandemic that caused many to shut. A major UK landlord has suspended rent payments for some retail outlets in a coastal British town to support their post-pandemic recovery, The New York Times reported. In 2020, a number of lockdowns combined with a rise in online shopping put many stores out of business. Legal & General introduced a new leasing model for businesses last year which included three-month tenancies and rents based on earnings.
Persons: Denizer Ibrahim Organizations: General, Local, New York Times, Legal, General Investment Management Locations: Poole, England
Staff in two US government bureaus warned leaders against pursuing an investigation into the origins COVID-19 because it would "open a can of worms," according to an internal memo viewed by Vanity Fair. DiNanno, appointed by former President Donald Trump, said in the memo that his team had faced "apprehension and contempt" from technical staff, and a "complete lack of response to briefing and presentations" on the matter. DiNanno was responding to a memo from Chris Ford, acting undersecretary for Arms Control and International Security. The staff who raised the concerns were from DiNanno's bureau and the Bureau of International Security and Nonproliferation, DiNanno said in the memo. The theory that COVID-19 leaked from a lab in the Chinese city of Wuhan has gained traction in recent weeks, but many scientists still dispute its likelihood.
Persons: Thomas DiNanno, DiNanno, Donald Trump, Chris Ford Organizations: Fair, State Department's Bureau of Arms, Arms Control, International Security, of International Security Locations: Wuhan
McDonald's is using voice recognition tech at 10 Chicago drive-thrus to take orders, CNBC reported. McDonald's is testing voice recognition software in 10 of its Chicago drive-thrus so it can automate orders, CNBC reported. McDonald's said at the time that it planned to use the system for faster, more accurate ordering at drive-thrus, and started testing it in 2019. Kempczinski said that the company had trained workers to stop them jumping in to take orders, per CNBC. Competitor Burger King had also changed its drive-thrus, adding new lanes to speed up orders and pick-ups, and a conveyor belt that delivers orders to customers' cars.
Persons: Chris Kempczinski, McDonald's, Kempczinski, Burger Organizations: CNBC, McDonalds Locations: Chicago, U.S
Facebook workers have asked for a review of moderation systems around pro-Palestinian content. Nearly 200 workers signed an anonymous letter to Facebook executives, viewed by the Financial Times. The post labeled Palestinian civilians as terrorists, the Facebook employees said. Facebook-owned Instagram changed its algorithm last week to favor news and viral content following concerns from users that they could not see pro-Palestinian content. "We know there were several issues that impacted people's ability to share on our apps," a Facebook company spokesperson told Insider in an emailed statement.
Persons: Benjamin Netanyahu, Instagram Organizations: Facebook, Financial Times, Hamas, Inc, Israel's, Reuters, UN Locations: Gaza, Israel, Palestine, Hamas
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