More than 2,000 Amazon warehouse workers in Staten Island announced plans Wednesday to try to form a union — the latest labor-organizing threat at the e-commerce behemoth. The Amazon-employee group, called the Amazon Labor Union, plans to ask the National Labor Relations Board on Monday to authorize a formal vote, the group said in a … Read more
A billionaire hedge fund manager said he believes inflation won’t be going away anytime soon and the problem represents a dire threat not only to the markets but also to society. “I think to me, the No. 1 issue facing Main Street investors is inflation, and it’s pretty clear to me that inflation is not … Read more
Neiman Marcus just lost its financial chief to the owner of Men’s Wearhouse — a company that may be in even worse financial shape than the struggling luxury retailer. Some insiders blame Neiman’s boss. Brandy Richardson has worked at Neiman Marcus for at total of 15 years.Linkedin On Tuesday, Brandy Richardson, a 15-year Neiman veteran … Read more
Transgender-rights activists squared off against Dave Chappelle fans and free-speech advocates at a tense rally outside Netflix’s California offices on Wednesday, the latest fallout from the comedian’s controversial Netflix special “The Closer.” The rally, which garnered roughly one to two hundred people, kicked off with chants of “Trans Lives Matter” and “Transphobia is no joke.” … Read more
Juice boxes are the latest victim of the supply-chain issues causing shortages of various products across the country. Supermarkets are running low on the children’s favorite thanks to a smaller-than-expected apple crop this year and shortages of bottles and juice box containers. “Like many retailers, we are seeing some shortages on juice boxes and bottles … Read more
Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China’s regulators in 2020. The Chinese billionaire has largely been out of public view since he publicly criticized China’s regulatory system in a speech last … Read more
A savvy businesswoman has revealed how she managed to build a fashion firm now worth a whopping $47 million while keeping it hidden from her parents for two years. Australian fashion guru Jane Lu started Showpo, formally Showpony, in 2010, selling clothes online, but her parents thought she was working as an accountant at a … Read more
Burger chain In-N-Out slammed San Francisco’s vaccine mandate after one of its stores was temporarily closed by city health officials — ripping the “offensive” order as “clear governmental overreach.” The company said the San Francisco Department of Public Health closed one of its stores last week because it found that employees “were not preventing the … Read more
Investment firm Blackstone Inc will buy a majority stake in Spanx, valuing the shapewear maker at $1.2 billion, the companies said on Wednesday. The deal will allow Spanx to further expand globally and help it strengthen its online business, they added. Spanx founder and Chief Executive Officer Sara Blakely would become the executive chairwoman of Spanx’s newly appointed all-female board … Read more
Shares of Pinterest soared as much as 17 percent Wednesday after a report said financial-technology firm PayPal is considering buying the social media company. PayPal has recently approached Pinterest about a potential deal, Bloomberg reported, citing people with knowledge of the matter. The companies have discussed a price of around $70 per share, which would … Read more