Office workers at The Hershey Company say that while they must be vaccinated or face job loss, employees working in food production and Chocolate World, the company’s retail outlet stores, do not have a vaccination requirement. The Pennsylvania snack company has continued food production operations throughout the COVID-19 pandemic. Its retail stores are now fully…
Hershey Office Workers Face Jab or Job Choice
January 11, 2022
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Inflation Fears Among Small Business Owners at Highest Level In 40 Years
Inflation fears among small business owners have risen to their highest level in four decades as owners remain broadly pessimistic about future economic conditions, according to the latest monthly poll from the National Federation of Independent Business (NFIB). The NFIB’s small business economic survey (pdf), released Jan. 11, shows that 22 percent of small business owners…
Taiwan Semiconductor Manufacturing Company Reports Record Earnings for 6th Consecutive Quarter
January 11, 2022
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Business & EconomyBusinesses in COVID-19ChinaCompaniesMarketssemiconductorSpecial TopicsTaiwanTech Competition
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Taiwan Semiconductor Manufacturing Company (TSMC) closed off the final quarter of 2021 with record revenues, continuing the Taiwanese company’s period of grand profits as it struggles to keep pace with unprecedented demand for semiconductor devices. The manufacturer took in NT$438.18 billion ($15.8 billion) in revenue in the final quarter of 2021, constituting the sixth consecutive…
British Company Pulls COVID-19 Testing Product Off Market Following Drop in Effectiveness
January 11, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVID-19 antigen testOmicron variantrapid antigen testingUKWorld
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Britain’s Avacta Group has temporarily halted sales of its COVID-19 lateral flow test, according to a statement released Monday, in order to replace the antibody in the device and ensure that the effectiveness of detecting the Omicron variant is on par with that of previous strains. Avacta, based in Cambridge, has since lost a third…
Much of Biden’s Vaccine Mandate for Large Private Employers Takes Effect Despite Ongoing Supreme Court Battle
January 11, 2022
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AMERICABiden's Vaccine MandateBusiness & EconomyBusinesses in COVID-19CCP VirusExecutive BranchPolicies & ImpactsPoliticsUS NewsVaccines & Safety
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Much of the Biden administration’s vaccination mandate pertaining to large private employers went into effect Monday, despite the rule facing legal challenges in the Supreme Court, leaving some businesses unsure as to how to proceed. As of Jan. 10, businesses with 100 or more employees were required to ensure that all employees have been fully vaccinated with either two doses of…
Biden’s Vaccine Mandate for Large Private Employers Takes Effect Amid Ongoing Supreme Court Battle
January 11, 2022
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AMERICABiden's Vaccine MandateBusiness & EconomyBusinesses in COVID-19CCP VirusExecutive BranchPolicies & ImpactsPoliticsUSUS NewsVaccines & Safety
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Biden administration’s vaccination mandate pertaining to large private employers went into effect Monday, despite the rule facing legal challenges in the Supreme Court, leaving some businesses unsure as to how to proceed. As of Jan. 10, businesses with 100 or more employees were required to ensure that all employees have been fully vaccinated with either two doses of the Pfizer…
Biden’s Vaccine Mandate for Private Employers Takes Effect Amid Ongoing Supreme Court Battle
January 11, 2022
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AMERICABiden's Vaccine MandateBusiness & EconomyBusinesses in COVID-19CCP VirusExecutive BranchPolicies & ImpactsPoliticsUSUS NewsVaccines & Safety
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The Biden administration’s vaccination mandate pertaining to private employers went into effect Monday, despite that the rule is facing legal challenges in the Supreme Court, leaving some businesses unsure as to how to proceed. As of Jan. 10, businesses with 100 or more employees are now required to ensure that all employees have been fully vaccinated with either two doses…
Australia Starts Off Year With Dampened Consumer Confidence
January 11, 2022
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ANZAustraliaAustralian Bureau of StatisticsAustralian economyBusiness & EconomyBusinesses in COVID-19consumer confidenceeconomyRoy MorganWorld
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Australia’s consumer confidence has taken a small hit across the country following the rapid spread of the Omicron variant of COVID-19. The weekly ANZ Roy Morgan consumer confidence rating dropped by 2.4 points for the first week of the year, a week that usually sees a rise. Consumer confidence fell particularly hard in South Australia…
Fed, Markets in Quandry After Friday’s Job Report
Friday’s jobs report for December widely missed its mark, printing at just 199,000 jobs when 400,000 were anticipated. The dismal report raised doubts about the likelihood the Fed would hold to what seemed like an assured interest rate increase just two days earlier, when the Federal Reserve released its minutes from its December meeting. The…
Supermarket CEO Warns of Omicron-Related Meat and Egg Shortages
John Catsimatidis, CEO of the New York-based supermarket chain Gristedes, warned in an interview on Monday that the Omicron variant of the CCP (Chinese Communist Party) virus could cause shortages of meat and eggs in the upcoming months. “[A]s Omicron grows, and it’s gonna grow over the next two to four to five to six…
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