DIRS.INFO The most relevant business & tech news

☆ As Amazon, Citigroup and Google open 2024 with layoffs, experts say unemployed workers should take these steps
▼ + stars: | 2024-01-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Jackyenjoyphotography | Moment | Getty ImagesThe start of 2024 has not been kind to workers in industries that opened the year with layoffs. Recent U.S. Department of Labor data shows layoffs have been hovering near historic lows — and experts say getting laid off no longer has the same stigma it once did. The following steps can help you shore up your finances and kick-start your job search. Calculate severance pay, unused time offYou may receive a severance package from your employer or get paid for unused time off. If you're able to find a new job quickly, you may be able to bank the severance pay, he noted.

Persons: Twitch, Scott Dobroski, Ted Jenkin, Atlanta . Jenkin, Vicki Salemi, Salemi, Jenkin, Dobroski, We've Organizations: Google, MGM Studios, Tech, Citigroup, U.S . Department of Labor, CNBC, Finance Locations: Atlanta .

☆ Most delivery gig work workers won't be impacted by the new fed rule — yet
▼ + stars: | 2024-01-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

But gig delivery companies like DoorDash and Instacart say they don't plan to make any changes. AdvertisementIf you make deliveries as a gig worker, don't expect any changes from a new federal rule — at least, not immediately. But companies that rely on gig workers to make deliveries say they won't need to make any changes. Amazon, which employs gig workers through its Flex delivery arm, did not immediately respond to Business Insider's request for comment. Do you work for Instacart, DoorDash, Walmart Spark, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Julie Su, Uber, Loyola University Chicago Professor Peter Norlander, I'm, Norlander Organizations: Service, Department of Labor, Labor, Department, Flex, Loyola University Chicago Professor, Wall Street, Walmart Locations: DoorDash

☆ Managers at Checkers restaurants in Alabama clocked staff out mid-shift and altered their timecards so they could pay them less, a federal agency claims
▼ + stars: | 2024-01-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Managers at two Checkers restaurants in Alabama altered employees' timecards to reduce their recorded hours, the DOL claims. The restaurants also clocked staff out while they worked and didn't pay overtime, the DOL claims. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This led to violations of federal minimum wage and overtime laws under the Fair Labor Standards Act, the DOL said.

Persons: DOL, — Organizations: Service, Department of Labor, Fair Labor, Business Locations: Alabama, Montgomery , Alabama

☆ Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note
▼ + stars: | 2024-01-05 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty ImagesThe unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, saw their unemployment rate dip to 5.2% last month from 5.8% in November. Still, that's higher than the overall unemployment rate, which held at 3.7% last month, as well as the 3.5% jobless rate for white Americans.

Persons: Michael Siluk Organizations: Black, Department of Labor Locations: Minneapolis , MN

☆ From FedEx to airlines, companies are starting to lose their pricing power
▼ + stars: | 2023-12-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Nike last week lowered its annual sales growth forecast and unveiled plans to cut costs by $2 billion over the next three years. "Goods companies don't have the pricing power they did in the pandemic, and some in the hotel and travel [industries] — they don't have the pricing power they did in the immediate post-Covid," he added. Sales growth for companies in the S&P 500 is on track to average 2.7% this year, according to mid-December analyst estimates posted by FactSet. Consumer spending on apparel and groceries rose 2.4% and 2.1%, respectively, from the year-earlier period, according to the survey.

Persons: Andrew Kelly, Mills, Joe Cavaretta, David Kelly, FactSet, Kelly, isn't, airfare, John F, Bob Jordan, Jordan, Ohsung Kwon Organizations: FedEx, Reuters, Shipping, Airlines, Target, Nike, Spirit Airlines, Hasbro, Fort Lauderdale Hollywood International, South Florida Sun Sentinel, Tribune, Service, Getty, Florida Sun, Morgan Asset Management, FactSet, Mastercard, Starbucks, Airline, U.S . Department of Labor, Kennedy International, Southwest, CNBC, Detroit automakers, Toyota, Cox Automotive, Bank of America Locations: New York, speedier, Fort, South

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Unemployment among Asian workers and Black men rises in November while the overall rate declines
▼ + stars: | 2023-12-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: 1 min

Spencer Platt | Getty ImagesThe labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S. Department of Labor. The overall unemployment rate declined 0.2% to 3.7% last month, against a forecast that it would hold steady at 3.9%. Overall, the labor force participation rate ticked up to 62.8% alongside a surge of 532,000 workers into the labor force. For white Americans, the jobless rate fell 0.2 percentage points to 3.3%. Hispanic Americans also saw their unemployment rate slip 0.2 percentage points to 4.6%.

Persons: Spencer Platt Organizations: Oculus, Getty, U.S . Department of Labor Locations: Manhattan , New York City

☆ CNBC Daily Open: Of billions and trillions
▼ + stars: | 2023-12-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average closed 0.22% lower, while the S&P 500 inched down 0.06% by the closing bell. It has so far raised nearly $135 million from four investors, with the first sale occurring on Nov. 29. As the year-end nears, CNBC Pro asked three fund managers for sectors — and stocks — they are bullish on in the lead-up to 2024.

Persons: Europe's, X.AI Elon, Bitcoin Organizations: CNBC, Dow Jones, Nasdaq, Apple, U.S, SEC, U.S . Department of Labor, Metrics, Big Tech, CNBC Pro Locations: U.S

☆ Job data suggests ‘soft landing’ is increasingly likely, economists say
▼ + stars: | 2023-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Luis Alvarez | Digitalvision | Getty ImagesThe U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said. Why a soft landing is like 'Goldilocks' porridge'Steaming bowl of oatmeal porridge, made with Irish oats, wheat berries and barley. A soft landing is like "'Goldilocks' porridge' for central bankers," Brookings Institution economists wrote recently. How the labor market fits inWhy the job market is already 'back into balance'The latest labor data added to encouraging news about a likely soft landing, economists said. Despite the large monthly decline, job openings are still 25% above their February 2020 level, she added.

Persons: Luis Alvarez, Jason Furman, Obama, Jon Lovette, Julia Pollak, Pollak Organizations: Digitalvision, Federal Reserve, U.S . Department of Labor, Labor, Harvard University, White House Council, Economic Advisers, Getty, Fed, Brookings, American Economic Association

☆ L.A. poultry firm hired kids as young as 14 to work with sharp knives, Labor Dept. says
▼ + stars: | 2023-12-04 | by ( Laura Strickler | ) www.cnbc.com time to read: +3 min

"The Exclusive Poultry and owner Tony Bran willfully withheld workers' hard-earned wages, endangered young workers and retaliated against employees to conceal their wrongdoing," said Jessica Looman, administrator of the Labor Department's Wage and Hour Division. Labor investigators repeatedly went to the company's poultry processing locations and said in affidavits they saw young workers they estimated were 14 to 17 years of age, but the workers refused to talk and would run from them. The Labor Department told NBC News it subsequently confirmed that some of the workers were as young as 14. Workers allegedly told investigators that minors who worked at the company were hidden in closets and bathrooms when the investigators arrived so they would not be found. In fall 2022, the department found more than 100 children, some as young as 13, cleaning slaughterhouses for a Midwestern firm.

Persons: Tony Bran, Jessica Looman, Anthony McClaren, McClaren, Bran, Biden Organizations: Labor Department, Aldi, Ralphs, Kroger, Labor, NBC, NBC News, Department of Labor, Workers Locations: Los Angeles

☆ Amazon broke federal labor law by calling Staten Island union organizers 'thugs,' interrogating workers
▼ + stars: | 2023-12-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in the Staten Island borough of New York, U.S., on Sunday, April 24, 2022. Amazon and consultants for the company violated federal labor law by interrogating and threatening employees regarding their union activities, and racially disparaging organizers who were seeking to unionize a Staten Island warehouse, a National Labor Relations Board judge ruled. In April 2022, employees voted to join the Amazon Labor Union, a grassroots group of current and former workers, becoming the first unionized Amazon facility in the U.S. The judge in New York heard testimony from Amazon employees, managers and labor consultants in virtual hearings that went on for almost a year. Amazon continues to challenge the JFK8 election results, as well as the NLRB and the union's conduct during the drive.

Persons: Bernie Sanders, Christian Smalls, Judge Lauren Esposito, Esposito, Daequan Smith, Bradley Moss, Moss, Smith, Natalie Monarrez, Monarrez, Monarrez . Moss, Chris Smalls, David Zapolsky, Amazon's, Smalls Organizations: Amazon Labor Union, National Labor Relations, NLRB, Amazon, Huffington, Department of Labor, BHM1, Retail, Wholesale, Department Store Union Locations: Vermont, Staten Island, New York, U.S, JFK8, unionizing, Bessemer , Alabama, Monarrez

Sibanye-Stillwater announced the layoffs Wednesday at the only platinum and palladium mines in the United States, near Nye, Montana, and other Sibanye-owned facilities in Montana, including a recycling operation. Another 187 contract workers — about 67% of the mining contract workers at the mine — will also be affected. Some contract work has been phased out over the past couple of months, said Heather McDowell, a vice president at Sibanye-Stillwater. Palladium prices have since fallen from a peak of about $3,000 an ounce in March 2022 to about $1,000 per ounce now. South Africa-based Sibanye bought the Stillwater mines in 2017 for $2.2 billion.

Persons: Heather McDowell, McDowell, Sibanye, Jason Small, Noah Dinger, Matthew Brown Organizations: Stillwater, of Labor, Forest Service, Mine, Montana AFL, Department of Labor, Industry, Associated Press Locations: Montana, Sibanye, United States, Nye , Montana, Stillwater, Nye, South Africa, Boulder, Falls , Idaho, Billings , Montana

☆ Dow gains 520 points as US stocks notch their best month this year
▼ + stars: | 2023-11-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The Dow reached a new high for the year Thursday as easing inflation data and strong third quarter earnings from Salesforce shot the benchmark index 520 points, or 1.5% higher. The S&P 500 rose more than 8% this month and the Nasdaq was up about 10%, marking their best month since July 2022. The Dow, meanwhile, managed to shake off a three-month losing streak, also rising by about 8.8% and notching its best month since October 2022. October’s Personal Consumption Expenditures Index, the Fed’s favored inflation gauge, fell to its lowest level since the spring of 2021. Analysts expect that the stock market’s strong performance will continue through December in a so-called Santa Claus rally.

Persons: Dow, John Williams, it’s, Santa Claus, “, ”, Cory Mitchell Organizations: New, New York CNN, Nasdaq, Nvidia, Meta, of Labor, Federal Reserve, New York Fed, Saudi Press Agency, Analysts Locations: New York, United States, Saudi Arabia, Santa

HILLSBORO, Ohio (AP) — An explosion at an auto repair shop in Ohio that killed three people and sent a fourth person to a hospital sparked a massive fire that burned for hours and spewed thick, black smoke into the air. The Tuesday afternoon blast at Jimbo’s Auto Repair in Hillsboro was felt at several nearby sites, including the Paint Creek Joint EMS & Fire District, whose crews quickly responded to the scene. Information about the three people who died was not immediately released by the Montgomery County Coroner’s Office. The injured person remained hospitalized Wednesday in stable condition. The State Fire Marshal’s Office is the leading the probe, and the U.S. Department of Labor’s Occupational Safety and Health Administration will also investigate.

Organizations: Fire, Coroner’s Office, Firefighters, U.S . Department, Safety, Health Administration Locations: HILLSBORO , Ohio, Ohio, Hillsboro, Montgomery, Cincinnati

☆ Biden wants credit for lower Thanksgiving food and travel prices, as inflation drags on his reelection campaign
▼ + stars: | 2023-11-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"Ahead of the holiday season, costs are down for everything from airline tickets and car rentals to toys and TVs," the White House wrote Tuesday on X. This year's Thanksgiving dinner "is the fourth-cheapest ever, as a percentage of average earnings" White House press secretary Karine Jean-Pierre said Monday. Nonetheless, the White House is taking a victory lap for the lower year-over-year prices, eager to credit Biden's economic agenda, dubbed Bidenomics, for the good news as the president runs for reelection. That's due in large part to a 5.6% year-over-year decrease in the average price of a frozen whole 16-pound turkey. This could be the lowest price for a Thanksgiving week since 2020, when the Covid pandemic cut demand for travel.

Persons: Joe Biden, Biden, Harris, Karine Jean, Pierre, Jean, — Organizations: Bell, White House, White, Biden, Harris Administration, The New York Times, American Farm Bureau Federation, Farm Bureau, AAA, Department, Labor's Locations: Washington ,, Ukraine, Airfares

☆ Millennial and Gen Z parents are struggling
▼ + stars: | 2023-11-19 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

AdvertisementMillennial and Gen Z parents are finding themselves isolated. But they and Gen Zers behind them have finally caught up to previous generations in terms of their income, Jean Twenge, a psychologist and the author of "Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future," told me. As fast as the money comes in from the pay raises that millennials and Gen Zers have secured, for parents the money goes right back out. These realities can force many millennial and Gen Z parents to make tough choices. But, at the same time, young parents are fleeing those walkable cities for the towns next door.

Persons: Kyle Taylor doesn't, Taylor, they're, Gen, they've, We've, Natalie Groff, Gen Zers, Jean Twenge, Gen X, Silents, Twenge, Groff, she's, Jimmy Gomez, Gomez, of Labor He's, Zers, It's, millennials, they'd, Brittany Pettersen, we've, Pettersen, that's, She's, Becca Balint, didn't, Balint, That's, who's, isn't, Juliana Kaplan Organizations: Bureau of Labor Statistics, Bank of America, Department of Labor, Congressional, Caucus, of Labor, Pew Research Center, National Association of Realtors, Deloitte, Democratic Locations: The Alabama, New York City, California, Younger, Colorado, America, Vermont

☆ Maryland has the lowest unemployment rate in American history, at just 1.6%
▼ + stars: | 2023-11-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows. That’s the lowest seasonally adjusted unemployment rate of any state on records going back to 1976, according to a CNN analysis. However, Maryland’s job market is still robust, with government and health care employers adding jobs at a brisk pace. Here’s a dive into the labor market of the state with the lowest unemployment rate in American history:Where the jobs areThe biggest industries in Maryland are government, health care, education and professional services. Fort Meade, a military base, is the largest employer in the state, according to Moody’s Analytics.

Persons: ” Christina DePasquale, Johns, Colin Seitz, “, ” Seitz, There’s, ”, Mary Kane, what’s, Kane, ” Daniel Zhao, ” Zhao Organizations: DC CNN, — Labor Department, CNN, Baltimore, Fort Meade, University, of Maryland, Johns Hopkins University, Labor Department . State, Health, Johns Hopkins Carey Business School, Moody’s, Maryland, Bureau of Labor Statistics, Maryland Hospital Association, Labor, Maryland Chamber of Commerce, “, Maryland Department of Labor, DC Locations: Washington, Atlantic, California, Lexington, Maryland, Fort, Florida, Texas, Virginia

☆ An East Coast restaurant chain has been ordered to pay $11.4 million back to more than 1,300 employees over claims it paid staff below minimum wage
▼ + stars: | 2023-11-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

An East Coast restaurant chain failed to pay minimum wages and overtime rates to some workers, the Labor Department says. The DOL said some restaurants paid set wages regardless of hours worked, which could reach 65 a week. Plaza Azteca has been ordered to pay $11.4 million back to more than 1,300 affected employees. AdvertisementAdvertisementA restaurant chain with dozens of locations on the East Coast has been ordered to pay $11.4 million back to more than 1,300 employees after a federal agency uncovered a series of apparent labor-law violations. AdvertisementAdvertisementThe consent judgment also included $625,000 in civil money penalties, which the DOL said was due to the "repeat and wilful nature of the violations."

Persons: DOL, — Organizations: Labor Department, Plaza Azteca, Service, Department of Labor, Fair Labor Locations: East Coast, Mexican, Connecticut , Maryland , Massachusetts , New Jersey, North Carolina , Pennsylvania, Virginia

☆ 10 in-demand, low-stress jobs—one pays more than $100,000 per year
▼ + stars: | 2023-11-10 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Stress level: 52 Media salary: $113,940Packaging and filling machine operator and tenderPackaging and filling machine operators work in places like factories preparing goods for shipment. Stress level: 52 Media salary: $36,750ArchivistArchivists are responsible for safeguarding important historical documents. Stress level: 53 Media salary: $60,800Electromechanical equipment assemblerElectromechanical equipment assemblers put together and maintain various machines or parts of machines (like dynamometers and actuators). Stress level: 53 Media salary: $76,480Fuel cell engineerFuel cells produce electricity using energy from elements like hydrogen. Stress level: 55 Media salary: $44,930Machine feeder and offbearer

Persons: assemblers Organizations: America Survey, Occupational

☆ Apple will pay $25 million in DOJ discrimination settlement
▼ + stars: | 2023-11-09 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple will pay $25 million in back pay and civil penalties to settle a matter over the company's hiring practices under the Immigration and Nationality Act, the Department of Justice announced Thursday. Apple has agreed to pay $6.75 million in civil penalties and establish an $18.25 million fund for back pay to eligible discrimination victims, the DOJ said in a release. The DOJ said that it believed that Apple followed procedures that were designed to favor current Apple employees holding temporary visas who wanted to become permanent employees. PERM jobs are typically used to hire international graduates from U.S. universities. When we realized we had unintentionally not been following the DOJ standard, we agreed to a settlement addressing their concerns," an Apple spokesperson told CNBC.

Persons: Tim Cook, Joe Biden, Apple Organizations: Apple, White, Washington , D.C, Immigration, Department of Justice, DOJ, Labor, CNBC, PERM Locations: Washington ,, PERM, U.S, United States

☆ Where are the 12 US gov't funding bills to avert shutdown?
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +7 min

But first, the House and Senate would have to agree upon the overall dollar amount of spending for the 12 bills combined. The Senate passed its version as part of a three-bill package on Nov. 1 with strong bipartisan support. DEFENSEOne of the largest of the 12 bills funds the Department of Defense - the Army, Navy, Air Force and the CIA. The Senate's version passed out of committee on July 27. The Senate's version passed out of committee on July 27.

Persons: Jon Cherry, shutdowns, Joe Biden, Biden, Kevin McCarthy, Moira Warburton, Aurora Ellis Organizations: U.S . Capitol, REUTERS, Rights, Democratic, Republican, Senate, of Veterans Affairs, Army, Navy, Air Force, U.S . Department of Agriculture, Food and Drug Administration, of Transportation, Federal Aviation Administration, Department of Housing, Urban, House Republicans, Amtrak, Department of Defense, CIA, Department of Energy, Nuclear Regulatory, of, of Indian Affairs, Land Management, Environmental Protection Agency, The, Department of Homeland Security, FBI, Federal Emergency Management Agency, Department of State, Agency for International Development, Peace Corps, Congress, Capitol Police, of Congress, Office, Treasury, of Columbia, Federal Trade Commission, COMMERCE, of Commerce, U.S . Census, U.S . Patent, Department of Justice, Republicans, HUMAN, of Education, Department of Health, Human Services, Department of Labor, Social Security Administration, National Labor Relations Board, Thomson Locations: Washington , U.S, United States, New York, U.S, Washington

☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.

Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru

☆ Tyson recalls almost 30,000 pounds of dinosaur-shaped chicken nuggets after consumers found metal pieces in them
▼ + stars: | 2023-11-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Tyson recalled almost 30,000 pounds of its Fun Nuggets on Saturday, saying they could contain metal. AdvertisementAdvertisementTyson Foods has recalled almost 30,000 pounds of its frozen dinosaur-shaped chicken nuggets amid fears that they could contain metal pieces, the US Department of Agriculture's Food Safety and Inspection Service (FSIS) announced Saturday. The FSIS said that Tyson had recalled around 29,819 pounds of the dinosaur-shaped nuggets, which is around 16,500 packets. In September, the US Department of Labor announced they were investigating Tyson Foods and Perdue Farms, another major poultry producer, over the reports. The Tyson family has become one of the country's richest families, but Tyson Foods announced earlier this year that it was shutting four of its chicken plants as it sought to cut costs amid falling demand.

Persons: Tyson, —, Tyson Foods, Tyson Fresh Organizations: Nuggets, Service, US Department of Agriculture's, Inspection, US Department of Labor, Tyson Foods, Perdue Farms Locations: Arkansas, Alabama , California , Illinois , Kentucky, Michigan , Ohio , Tennessee, Virginia, Wisconsin, Texas

☆ The UAW is already looking ahead to its next auto strike
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Members of the United Auto Workers union are back on the job at General Motors, Ford and Stellantis. They can’t go on strike in sympathy with another union’s strike, and they can’t wage a strike over political issues, such as a change in government policy. The Teamsters and the UAW also both have members now on strike against a group of casinos in Detroit. The significance of May 1The date Fain sees for this collective, coordinated strike is May 1, 2028, or May Day, which is also International Workers Day. That is celebrated as a Labor Day in many other countries, but rarely in the United States, which is where its historical roots are.

Persons: Shawn Fain, ”, Todd Vachon, Taft, Harry Truman, Vachon, Fain, expirations, Kate Bronfenbrenner, “, ‘, “ He’s, Bronfenbrenner, McCarthy, ” Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, UAW, Rutgers University, US Department of Labor, Teamsters ’, UPS, Labor Education Research, Cornell University, Kaiser Permanente, Teamsters, Workers, Labor, Unions Locations: New York, Europe, United States, France, Detroit, “

☆ Unemployment among Hispanic workers rises at faster pace in October than overall rate
▼ + stars: | 2023-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty Images News | Getty ImagesThe labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.', according to data released Friday by the Department of Labor. The overall unemployment rate rose 0.1% to 3.9% last month, the highest level since January 2022, against expectations that it would hold steady at 3.8%. Among Hispanic Americans, the jobless rate rose 0.2% to 4.8%. Black and Hispanic Americans were hit particularly hard by the business shutdowns in the depths of the Covid pandemic, with unemployment rate for Black workers peaking at 16.8% in 2020 and Hispanic jobless rate surging as high as 18.8%. The overall unemployment rate hit a high of 14.7% in April 2020.

Persons: Spencer Platt, Julia Pollak, ZipRecruiter's Organizations: NEW, Getty, U.S, Department of Labor, CNBC Locations: Manhattan, New York City, America

Search resuls for: "Department of Labor"

25 mentions found