Browsing: Economy

What Is DOGE and Where Can I Buy It? Dogecoin Price: What Is DOGE and Where Can I Get It? After Tesla, the electric car maker, began accepting Dogecoin payments on Friday, January 14, the price of Dogecoin—abbreviated as DOGE on the cryptocurrency market—has risen. Tesla CEO Elon Musk tweeted on Friday, “Tesla merch buyable with Dogecoin.” Tesla’s plans to start accepting Dogecoin and “see how it goes” were first announced in a tweet in December 2021, which prompted a sharp rise in the cryptocurrency’s price at the time. According to CoinMarketCap, which tracks cryptocurrency prices, the live Dogecoin price…

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In 2022, the US economy’s growth is expected to slow due to supply chain bottlenecks. The World Bank said in its Global Economic Prospects report released on Tuesday that global economic growth will slow due to the ongoing COVID-19 pandemic, a reduction in government economic support, and ongoing bottlenecks in global supply chains. Despite a strong recovery last year, central banks are now reducing their support for economic growth and considering raising interest rates to combat rising prices. Businesses have struggled to find raw materials and supplies to meet consumer demand, as well as to fill job openings, particularly in…

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After corroded pipeline ruptures, 300,000 gallons of diesel fuel spilled outside New Orleans. In December, a corroded pipeline ruptured near a levee outside of New Orleans, spilling more than 300,000 gallons of diesel fuel. On December 27, the spill was discovered in St. Louis. It happened in Bernard Parish, east of New Orleans, but it wasn’t publicized. Collins Pipeline Co was in charge of the pipeline, according to documents from the Pipeline and Hazardous Materials Safety Administration. The diesel spilled in a sensitive environmental area, contaminating the soil and affecting local wildlife. According to documents, a large fuel pool was…

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Under the revised policy, Walmart employees with COVID will get one week less of paid leave. Under Walmart’s revised COVID-19 policy, employees will receive one week less of paid leave. Walmart’s previous policy provided workers with two weeks of paid leave, but the company recently revised it to align with the CDC’s newly shortened isolation and quarantine guidelines. The CDC’s new guidelines, which were released in late December, reduce the isolation period for asymptomatic people who have been exposed to or tested positive for COVID-19 from 10 to 5 days. Individuals who have been exposed to or tested positive for…

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Starbucks becomes the second company in Buffalo, New York, to unionize, with other sites pushing for a vote. On Monday, a Starbucks store in Buffalo, New York, became the country’s second to unionize, with others across the country looking to follow suit. The National Labor Relations Board announced the unionization vote, and Starbucks has 10 days to appeal the decision. Employees at the store, which is located in the Buffalo suburb of Cheektowaga, praised the decision to form a union. “While the majority of the world witnessed our victory on Dec. “Today is a special day – today we put…

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Bank of America lowers its overdraft fee to $25 and eliminates the fee for bounced checks. Starting in May, Bank of America will reduce the amount it charges customers for account overdrafts by $25, slashing a fee that can cost hundreds of dollars each year. Customers will no longer be charged fees for non-sufficient funds (NSF), also known as bouncing a check, when the bank, based in Charlotte, North Carolina, rejects a transaction. In an interview, Holly O’Neill, the bank’s president of retail banking, said, “This is the final step in the journey we’ve been on.” “We have good financial…

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Cirque du Soleil CEO Lamarre on Coming Out of Bankruptcy and Lessons Learned The BeatlesQBusiness Daniel Lamarre, the former CEO of Cirque du Soleil and now executive vice-chairman of the board, shares his experiences in his new book, Balancing Acts, about his 20 years at the helm of a world-class entertainment juggernaut with pre-pandemic annual sales of more than $1 billion. The business lessons he learned while running the company, which had to shut down productions for nearly a year and a half due to the pandemic, can be applied to both creative and traditional fields. This is a question…

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Working with the Beatles taught Cirque du Soleil’s Daniel Lamarre a lot about creativity. Book Excerpt from The Beatles Cirque du Soleil, a global entertainment company with pre-pandemic revenues of $1 billion, is known for multi-million dollar extravaganzas featuring acrobatic feats that defy belief. Daniel Lamarre was the chief executive officer in charge of bringing these fantastical productions to life for the past 20 years. Lamarre, now executive vice-chairman of the board, shares his insights into the nature of creativity as an essential part of management in all industries in his new book, Balancing Acts. In this excerpt from his…

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Food prices are expected to rise 4% this year, according to the CEO of Olive Garden. As consumer prices continue to rise, the CEO of Olive Garden’s parent company predicted that food costs at its restaurants will rise by 4% in the next two quarters. The move is intended to offset the company’s 9 percent quarterly increase in food and beverage costs as a result of rising inflation. Many restaurants and restaurant companies have tried to offset rising labor and food costs by raising customer prices, which many people appear to be willing to pay. According to the company’s website,…

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To receive $5.1 million in COVID funds, an Air Force member and his wife plead guilty to starting fictitious businesses. According to the Associated Press, Malik Mitchum, 26, and Jenna Mitchum, 25, both of Hampton, Virginia, pleaded guilty on Wednesday to charges of conspiracy to commit $5.1 million in wire fraud affecting a financial institution. The couple claimed to be the owners of at least five small businesses while Malik was a junior enlisted member of the US Air Force and Jenna was unemployed between March 2020 and May 2021. According to documents obtained by McClatchy News, these companies were…

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