Employers in the United Kingdom expect to raise pay for workers by 3 percent in 2022, the highest in at least a decade, as they look to bring in more workers and boost retention rates. But the increase will still fall short of the rate of inflation across the country, according to a survey by the Chartered…
UK Employers Expect to Raise Worker Wages by 3 Percent in 2022: CIPD
Boeing Not Concerned About Titanium Supply, Watching Other Pinch Points
Boeing Co. is not concerned about a potential disruption to Russian titanium supplies because of tensions over Ukraine, but is keeping a close watch on other industry supply chain pinch points, a senior executive said on Monday. Boeing relies heavily on Russia’s VSMPO-AVISMA for the supply of titanium, a lightweight but strong metal that is…
CDC Updates Guidance for Cruise Lines, Asks Ships to Participate in Color-Coded Vaccination Program
The Centers for Disease Control and Prevention (CDC) updated its guidance on Feb. 9, encouraging cruise ships operating in U.S. waters to choose to participate in a COVID-19 color-coding program to help passengers make an “informed decision” before traveling. The program would give each ship a color status indicating the percentage of those on board who are vaccinated….
Inflation and Labor Crunch a ‘Double-Edged Sword’ Hurting Businesses: Papa John’s Founder
John Schnatter, founder of the Papa John’s pizza chain, said that the combination of supply chain problems, surging inflation, and the labor shortage are pushing up costs for businesses, hurting quality, service, and the bottom line. “We’re seeing a lot of pressure now at Papa John’s and throughout the economy,” Schnatter told NTD News in an…
Major Wall Street Banks Start Dropping Mask Mandates
A number of major Wall Street financial institutions have moved to drop mask mandates, which comes amid a broader rollback of pandemic restrictions across the United States and in other parts of the world. Goldman Sachs, JPMorgan Chase, and Morgan Stanley said on Feb. 11 that they were doing away with the requirement for staff…
US Consumer Sentiment In February Falls To Its Lowest Level In More Than A Decade
February 12, 2022
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U.S. consumer sentiment in early February unexpectedly declined to its lowest level in more than a decade, due to fears that rising levels of inflation would persist in the near term, according to a survey from the University of Michigan. The university report, which was released on Feb. 11, saw the consumer sentiment index tumble…
Mercedes-Benz Beats Profit Forecast, Sees Supply Chain Headwinds in 2022
February 11, 2022
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BERLIN—Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain headwinds persisting into 2022, it said on Friday. The luxury carmaker predicted an adjusted return on sales of 12.7 percent in the full year, beating its own guidance of 10…
Amazon Tells Staff They Must Be Fully Vaccinated to Get COVID Paid Leave
February 11, 2022
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Amazon has told staff at its U.S. warehouses and logistics sites that they must be fully vaccinated against COVID-19 by March if they want to receive paid leave if they contract the virus. In a Feb. 10 memo to employees obtained by The Wall Street Journal, the Seattle-headquartered company said workers have until March 18 to…
The White House Now Says It Never Really Wanted Lockdowns
Commentary Last Friday, a reporter asked White House press secretary Jen Psaki to respond to the Johns Hopkins COVID study showing lockdowns provided no real benefit in terms of disease prevention. In response, Psaki dodged addressing the study directly, but then pivoted to claiming that the Biden administration had never pushed lockdowns. “We are not pushing…
PepsiCo, Coca-Cola Revenues Exceed Expectations, But Inflation Has Its Effects
Rival soft drink companies PepsiCo and Coca-Cola said on Feb. 10 that rising costs for packaging and transportation could put pressure on profits this year, despite the two having exceeded sales expectations due to robust demand from consumers. The announcements were made as the Labor Department released its dismal report, showing U.S. inflation accelerating to…
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