Business news

• Teamsters holding off on presidential endorsement, wants Harris meeting first, union president says

  01-09-2024 20:04 via foxbusiness.com
  
  The president of one of the country’s biggest labor unions on Sunday said the organization is close to revealing whether he will endorse former President Trump or Vice President Harris ahead of the 2024 presidential election.Teamsters President Sean O’Brien appeared on CBS’ "Face the Nation," where he said the final step before making an endorsement is getting to sit down with Harris to discuss labor issues after President Biden bowed out of the election."Under our leadership,
  
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• Pay for new hires is falling in some blue-collar jobs

  01-09-2024 16:40 via foxbusiness.com
  
  Some jobs just don't pay what they used to.Data from ZipRecruiter shows the wages employers are offering new hires in several blue-collar sectors of the labor market have declined this year from 2023, with retail wages falling the most by 55.9%, followed by agriculture (-24.5%), manufacturing (-17.3%) and transportation (-13.9%)."Average posted pay has risen since last year, both overall and in most job categories," ZipRecruiter chief economist Julia Pollak told FOX Business. "But trends have di
  
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• Starbucks has gone through 6 CEOs since its IPO in 1992; company hiring, firing not without drama

  01-09-2024 16:18 via foxbusiness.com
  
  Starbucks, American coffee company, has run through several CEOs since it first went public and has experienced its fair share of drama. The origins of the massive coffee chain date back to 1971, when the first store was opened by three friends — Gerald Baldwin, Gordon Bowker and Zev Siegl. The first store was opened in Seattle, and each of the men invested $1,350 from their own pockets and borrowed $5,000 from a bank, according to Starbucks' website.STARBUCKS REWARDS: MAKE THE M
  
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• Costco's first membership fee increase in 7 years now in effect

  01-09-2024 16:02 via foxbusiness.com
  
  Costco’s plan to raise the price of its membership for the first time in seven years took effect Sunday. The wholesale club increased annual membership fees by $5 and $10 in the U.S. and Canada, with "gold star" and business memberships up from $60 to $65, and executive memberships increasing to $130 from the earlier $120, the company said.The cost increase will impact around 52 million memberships, a little more than half of which are the club’s executive members, Costco said i
  
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• Fed interest rate cuts won't help your credit card debt

  01-09-2024 15:00 via foxbusiness.com
  
  Wall Street and Main Street are ready to usher in the fall season with the first interest rate cut since March of 2020, the start of the COVID-19 pandemic, and with this comes the hope of lower borrowing costs. While it may lower rates for mortgages, auto and personal loans, those carrying credit card debt are likely to be out of luck. "That's where the real advice is. Don't expect the Fed to ride to your rescue", Ted Rossman, Senior Industry Analyst at Bankrate, told FOX Business. "Th
  
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• These food recalls should alarm all American consumers and have been linked to serious disease, death

  01-09-2024 14:40 via foxbusiness.com
  
  When food is recalled, it's important to make sure you don't have the item in your fridge or pantry, as it could be dangerous to consume. "Food recalls are removals of foods from the market that are in violation of the U.S. Food and Drug Administration's regulations," according to the FDA website. The FDA is responsible for the regulation of all foods except for meat, poultry and processed egg products, which are regulated instead by the U.S. Department of Agriculture (USDA). COMP
  
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• Brazil bans X: Outrage spreads after Elon Musk's social media platform is suspended

  01-09-2024 13:00 via foxbusiness.com
  
  Politicians and many other X users took to the social media platform on Saturday to sound off on their disapproval of the site being banned in Brazil after a court-imposed deadline expired for the company to identify a legal representative in Brazil."X is the most used news source in Brazil. It is what the people want. Now, the tyrant de Voldemort is crushing the people’s right to free speech," Elon Musk, owner of X, wrote following the decision.The move is the latest chapter in an ongoing
  
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• As temperatures rise, so will the cost of an AC unit

  01-09-2024 10:00 via cbc.ca
  
  The cost of air conditioning units is expected to go up by anywhere between 10 to 20 per cent next year because of regulation changes in keeping with the Montreal Protocol.
  
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