Business news

• US 'won't tolerate' China's ban on chipmaker Micron

  29-05-2023 03:12 via foxbusiness.com
  
  The U.S. is pushing back on China’s ban on memory chips from Micron Technology, which was announced last week and based on vague national security concerns. Commerce Secretary Gina Raimondo spoke Saturday at a news conference following a multinational trade meeting on the Indo-Pacific Economic Framework and said the U.S. government "firmly opposes" China’s ban on Micron and "won’t tolerate" the restrictions. Raimondo added that China’s import restrictions "target a single
  
  Read more

• Tight labor market has increased demand for teens in summer jobs

  29-05-2023 02:41 via foxbusiness.com
  
  A tight labor market is increasing demand for teenage workers and boosting their wages to higher-than-usual levels as many teens around the country look for jobs during their summer breaks. The proportion of Americans between the ages of 16 and 19 who have jobs has trended up in recent years, as nearly 34% of Americans in that age group had jobs in April compared to 30% in 2019, the last pre-pandemic summer, according to government data. Hourly pay has also trended up in the sorts of industries
  
  Read more

• Padres' Manny Machado partners with underwear company Ethika

  29-05-2023 00:52 via foxbusiness.com
  
  San Diego Padres star Manny Machado is one of the most marketable Major League Baseball stars in today’s game, and he picked up another endorsement earlier this month. The superstar third baseman added a partnership with underwear company Ethika to his resume. Styles featuring Machado will launch in the second half of the baseball season, the company said. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM "We are very excited to sign a multi year partnership with such a trendsetter on
  
  Read more

Follow @Business_Newsl on Twitter!