Business news

• Port employers meet with Biden administration as potential strike looms next week

  27-09-2024 23:58 via foxbusiness.com
  
  The White House on Friday confirmed that officials have met with a group representing port employers as a potential strike at East Coast and Gulf Coast seaports could begin in a matter of days.The U.S. Maritime Alliance (USMX), which represents employers at the 36 seaports that could be affected by the strike, held meetings with White House officials as they look to kick-start negotiations in the hopes of avoiding a fast-approaching work stoppage.Unionized dockworkers in the Internatio
  
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• WeightWatchers CEO Sima Sistani out in abrupt exit, embraced weight loss drugs

  27-09-2024 23:42 via foxbusiness.com
  
  WeightWatchers announced Friday that CEO Sima Sistani has stepped down from the job and is no longer on the company's board after 2½ years leading the weight loss company.Sistani has been replaced by independent board member Tara Comonte, who will serve as CEO on an interim basis. Comonte previously served as the president and CFO of Shake Shack.During her tenure, Sistani oversaw WeightWatchers' 2023 acquisition of telehealth platform Sequence, now known as WeightWatchers Clinic, expandin
  
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• LARRY KUDLOW: The border problem is a business problem

  27-09-2024 23:32 via foxbusiness.com
  
  The massive illegal immigrant crime wave is also a business and economic problem. That's the subject of "The Riff."New numbers from Immigration and Customs Enforcement (ICE), show a staggering number of convicted criminals – convicted of homicides, assault, burglary, kidnapping, sexual assault – walking free inside the country. It's an incredible story.And, right at the top, it must be said that sanctuary cities and states play such a large role in preventing these criminals from bei
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $35,296,367,284,952.26 as of 9/27/24

  27-09-2024 22:47 via foxbusiness.com
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — fell to $35,296,367,284,952.26 as of September 27th, according to the latest numbers published by the Treasury Department. That is down about $7.6 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt hov
  
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• World's largest ski resort operator announces layoffs ahead of winter season

  27-09-2024 21:19 via foxbusiness.com
  
  Vail Resorts, the largest mountain resort operator in the world, announced this week that it is trimming its workforce as part of a two-year transformation plan.The company said it is eliminating roughly 14% of its corporate positions and less than 1% of its operational workforce, impacting 0.2% of frontline staff. According to an SEC filing on Thursday, Vail employed roughly 7,600 year-round employees and 44,900 seasonal employees last fiscal year across its 42 resorts."No matter how big or sma
  
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• Port strike could delay delivery of critical medications: It could be 'devastating,' doctors say

  27-09-2024 20:05 via foxbusiness.com
  
  Patients' access to critical medications may be threatened in the event of prolonged strikes at ports along the East and Gulf coasts, medical professionals are warning. Susan Thomas, chief commercial officer of pharmacy benefit manager LucyRx, says most people underestimate how much medication is manufactured outside the U.S. The reality of the situation, according to New York City-based emergency room physician Dr. Robert Glatter, "is that a looming strike could impact imports of medi
  
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• Make money as a dog food taster with these steps to getting started

  27-09-2024 19:06 via foxbusiness.com
  
  Would you dare to eat dog food? If so, you may be able to get paid to taste test it. There are food tasters who evaluate all types of foods. Food tasters take small bites of food prepared by another and focus on key components of that food, according to Indeed. IS PET INSURANCE WORTH IT? HERE'S WHAT EXPERTS RECOMMENDFood tasters can work on a full-time or part-time basis. In some cases, they can be hired full-time by a company, or a company could also put out a notice that they ar
  
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• Costco touts success of card scanner rollout; speeds up checkout process

  27-09-2024 18:57 via foxbusiness.com
  
  Costco is already reaping the benefits after recently introducing membership card scanners at the front of warehouses in its U.S. stores, and the move is being well-received by customers, the wholesale club said Friday.During the retailer's fourth quarter earnings call, Costco CEO Ron Vachris noted that the company has used card readers at the front of its stores in Europe for more than two years now and has been piloting the system in the U.S. for roughly six months.He pointed to several ways t
  
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• GDP grew 0.2% in July, as economy holds steady

  27-09-2024 17:13 via cbc.ca
  
  Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector.
  
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• Inflation measure closely watched by the Fed fell to 2.2% in August

  27-09-2024 15:55 via foxbusiness.com
  
  An inflation gauge closely watched by Federal Reserve policymakers continued to slow in August as the pace of price growth trended closer to the Fed's target.The Commerce Department reported Friday that the personal consumption expenditures (PCE) price index rose 0.1% from the prior month and 2.2% year over year. The annual figure came in cooler than the estimates of economists polled by LSEG.Core PCE, which excludes volatile food and energy prices, rose 0.1% for the month and increased 2.7% fro
  
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• Severity of various FDA product recalls including Class I which can cause death, serious illness

  27-09-2024 14:39 via foxbusiness.com
  
  The U.S. Food and Drug Administration (FDA) is responsible for the regulation of many food recalls. Meat, poultry and processed egg products are regulated by the U.S. Department of Agriculture. A food recall is issued when a product violates FDA guidelines. There are several ways the FDA gets notified that a recall needs to happen. One of which is if the manufacturer comes across the defect in their product and contacts the FDA, according to FindLaw.com. DANGEROUS REASONS A PRODUC
  
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• B.C. beauty brand battles music giant over social media copyright

  27-09-2024 14:00 via cbc.ca
  
  A popular B.C. beauty company known for dazzling eyeshadow has shut its doors amid a legal battle with Sony over claims the brand built its name through unlicensed association with entertainers featured in its videos. The lawsuit is a cautionary tale for entrepreneurs and influencers seeking to make their mark through social media.
  
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• Basement-free buildings could be the future due to climate change

  27-09-2024 10:00 via cbc.ca
  
  Montreal-area politicians have implemented or proposed bans on basements in flood-prone parts of the city as climate change raises the risk of heavy rains. Research also shows that basements help speed up climate change. Is it time to stop building them?
  
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