Costco May Have a Huge Workers Problem
Synopsis by Kitchn Oct 01 22
Labor Day is Monday, September 5. Here's whether or not Costco will be open — in case you need any last-minute items.Read full article 
TheStreet: Costco May Have a Huge Workers Problem
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| Last Updated | Oct 01 22 |
| Total Articles | 5 |
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labor union in United States and Canada
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Is Costco Open on Labor Day?: Labor Day is Monday, September 5. Here's whether or not Costco will be open — in case you need any last-minute items.
thekitchn.com/is-costco-open-on-labor-day-23429240
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Is Costco Open on Labor Day?: Labor Day is Monday, September 5. Here's whether or not Costco will be open — in case you need any last-minute items.
thekitchn.com/is-costco-open-on-labor-day-23429240
What China’s central bank and Costco shoppers have in common: Hint: it is not a fondness for cryptocurrencies
economist.com/finance-and-economics/2024/04/11/what-chinas-central-bank-and-costco-shoppers-have-in-common
California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries
reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/
Multinational giants urged to front supermarket inquiry for ‘playing hardball’: Australian retailers have turned their sights on global suppliers such as Nestle ...
smh.com.au/business/companies/multinational-giants-urged-to-front-supermarket-inquiry-for-playing-hardball-20240411-p5fj6q.html
Costco Is The Constant Grower Your Portfolio Needs: Learn about Costco's growth, potential in the appliance market, increased dividend, and stock repurchase in ...
seekingalpha.com/article/4683717-costco-stock-constant-grower-your-portfolio-needs
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‘Blowout’ US retail sales shake bond and currency markets: Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate ...
ft.com/content/c2879370-192c-438b-ba01-7a99788f459a
US retail sales beat expectations, boost first-quarter growth estimates: U.S. retail sales increased more than expected in March amid a surge in receipts at ...
reuters.com/markets/us/us-retail-sales-beat-expectations-march-2024-04-15/
Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...
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Quick Glance: Record Audience at NCAA Women's Championship
- South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.
- Nielsen's final numbers on Tuesday may reveal an increase in viewership.
- It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.
- The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.
Inflation rate falls to lowest level in three years in Thuringia: Prices for food and non-alcoholic beverages fell by an average of 0.7 percent compared to the ...
thueringer-allgemeine.de/wirtschaft/article242050862/Inflationsrate-sinkt-in-Thueringen-auf-niedrigsten-Stand-seit-drei-Jahren.html
Score $40 Free Credit to Spend in Store With This Costco Membership Deal: Snag a Costco Gold Star membership and get $40 back, but only for a limited time.
cnet.com/deals/score-40-free-credit-to-spend-in-store-with-this-costco-membership-deal/
Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president
ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae
Costco’s March Sales Jump. E-Commerce Is Taking Off.: E-commerce same-store sales grew 28.3% year-over-year.
barrons.com/articles/costcos-march-sales-jump-ed59dff0
Paid articlePaid China GDP rises 5.3%, but it doesn't mean the economic pain is over: March retail sales and industrial output fell short of forecasts. First-quarter new home ...
businessinsider.com/china-economy-first-quarter-gdp-growth-but-pain-not-over-2024-4
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
Thailand's Central buys German luxury retail property KaDeWe
reuters.com/markets/deals/thailands-central-group-buys-kadewe-property-say-industry-sources-2024-04-12/
Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan
reuters.com/markets/currencies/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited-2024-04-16/
Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...
ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5
Why are gold bar sales surging at Costco?: Buying gold becomes more common in times of economic turmoil. With improved economic outlook in the U.S. ...
nytimes.com/2024/04/11/business/costco-gold-bars.html
Food inflation across rich nations drops to pre-Ukraine war levels: Annual change in prices across 38 industrialised countries eased to 5.3% in February ...
ft.com/content/f51368f0-c157-451d-a231-b944fbe7e7a0
Quick Glance: Decline in Food Prices in Industrialized Countries
- Annual change in prices across 38 industrialized countries eased to 5.3% in February, according to the latest OECD data.
- Food inflation across rich nations has dropped to its lowest level since before Russia’s full-scale invasion of Ukraine, alleviating pressure on households affected by cost increases.
- The OECD is expected to address food prices as part of its comprehensive inflation update.
- The decrease in food price inflation was widespread in industrialized countries in February, with the latest OECD reading halved or almost halved from recent peaks.
US and India stoke hopes of global growth in 2024 : FT-Brookings Tiger index shows ‘positive omens’ for modest pick-up compared with last year
ft.com/content/7d1199bb-8283-49c3-801e-249938bcbae8
Consumer Prices Rose 3.5% in March From Year Earlier: Annual inflation ticked up and underlying price pressures remained strong last month. .
on.wsj.com/3VVaIeY
Inflation : les nouvelles données sont un bon signal pour les consommateurs: Plus que 2,2 % ! Selon une première estimation, l'inflation a de nouveau ...
focus.de/finanzen/news/gespenst-der-inflation-verliert-an-schrecken-endlich-erloesung-neue-inflationsdaten-sind-ein-gutes-signal-fuer-verbraucher_id_259817068.html
Quick Glance: Inflation down in German states, signaling national decline
- Inflation fell in six economically essential German states in March, indicating that national inflation will continue its downward trend.
- Economists will closely monitor national inflation data as Germany releases its figures a day before the Eurozone inflation data on Wednesday.
- German companies expected the lowest prices in three years in March, with forecasts of inflation falling below the European Central Bank's target in the upcoming months.
- An increasing number of ECB policymakers have backed rate cuts, with a June meeting appearing as the most probable time for action, although a meeting is also scheduled for this month.
Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
cnbc.com/2024/04/12/nike-ceo-acknowledges-it-went-too-far-in-direct-push.html
Quick Glance: Nike CEO Acknowledges Shift from Direct Sales Focus
- Nike CEO John Donahoe acknowledged that the company deviated too far from wholesale partners like Macy's and DSW in its pursuit of primarily selling products through its own stores and website.
- Over recent years, Nike has actively worked on restructuring its business model. Initially focused on selling sneakers and clothing in department stores and specialty shops, the brand now generates the majority of its revenue through direct-to-consumer sales.
- This transition enabled Nike to significantly increase revenue and enhance customer insights through data analysis. Donahoe stated that Nike has tripled its mobile and digital business in the past four years.
- Some analysts view Nike's avoidance of wholesale partners as a misstep that hindered the company's progress in innovation and product development.
Small business optimism hits lowest level since 2012: NFIB: The NFIB's Small Business Optimism Index slid in March to its lowest level since December 2012 amid ...
foxbusiness.com/economy/small-business-optimism-hits-lowest-level-since-2012-nfib
These Stocks Are Moving the Most Today: Alpine Immune, Regeneron, Costco, Constellation Brands, CarMax, and More
barrons.com/articles/stock-market-movers-7f0a8161
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US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-1e456b8df0e11b218ed50f1ead6f6797
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
What China’s central bank and Costco shoppers have in common: Hint: it is not a fondness for cryptocurrencies
economist.com/finance-and-economics/2024/04/11/what-chinas-central-bank-and-costco-shoppers-have-in-common
Peter Waddell to 'take big fight with Freshstream to High Court': Peter Waddell, founder of Big Motoring World has vowed to take legal action against ...
motortrader.com/motor-trader-news/automotive-news/peter-waddell-take-big-fight-freshstream-high-court-15-04-2024
Sam’s Club makes a key move designed to trump Costco
kentucky.com/news/business/article287654395.html
Costco gold bars seeing at least $100 million in monthly sales: "It only reinforces its value position," Wells Fargo said.
axios.com/2024/04/10/costco-gold-bar-sales-wells-fargo-report
Supermarket of the Year 2024 - Nominees in the category chain stores up to 3,000 sqm
lebensmittelpraxis.de/zentrale-management/39883-supermarkt-des-jahres-2024-nominierte-in-der-kategorie-filialisten-bis-3-000-qm.html
Jamie Dimon warns rates could stay high as market mood shifts: JPMorgan chief says inflation could be ‘stickier’ than markets expect in annual letter to ...
ft.com/content/9c3b136c-79c0-4347-9cc9-b90e5489a85f
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
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Costco, Dollar Tree, and Lowe’s Stocks Are Downgraded. There’s a ‘Notable Wall of Worry.’
barrons.com/articles/costco-dollar-tree-lowes-stocks-downgrade-867ada0a
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Costco is now prescribing Ozempic, Wegovy, and other weight loss drugs: The warehouse club is offering prescriptions for weight loss drugs through its health ...
qz.com/costco-ozempic-wegovy-weight-loss-drugs-prescription-1851382263
Paid articlePaid
Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
Gold prices hit a record high. What's behind the surge?: The price of gold has climbed 17% in 2024.
abcnews.go.com/Business/gold-prices-hit-record-high-surge/story
The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage
Starbucks is redesigning its coffee shops to get orders right without shouting: The redesign is intended to also help customers who have trouble hearing
qz.com/starbucks-coffee-orders-customer-spending-hearing-loss-1851401426
Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
- A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.
- Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.
- The increased minimum wages worsen the existing challenges faced by independent restaurants in California.
- Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
A Day in the Life of a Walmart Manager Who Makes $240,000 a Year: Nichole Hart walks 20,000 steps as she searches for super glue, encounters a disappointed Snoop ...
wsj.com/business/retail/a-day-in-the-life-of-a-walmart-manager-who-makes-240-000-a-year-3248037f
FTSE 100 Set to Resume Rise Closer to Record
bloomberg.com/news/live-blog/2024-04-09/ftse-100-what-s-moving-uk-markets-right-now-markets-today
Costco cracking down on non-members eating at food courts: Costco is cracking down on non-members eating at its wallet-friendly food courts.
columbian.com/news/2024/mar/27/costco-cracking-down-on-non-members-eating-at-food-courts/
Quick Glance: Costco Cracks Down on Non-Members Eating at Food Courts
- Costco is tightening the rules for non-members eating at its budget-friendly food courts.
- According to social media reports, diners will need to show their membership cards to make food court purchases starting early next month.
- The club's CFO, Richard Galanti, stated that the change aimed to address member complaints about non-members taking advantage of the affordable offerings.
- Costco had 128 million members by the end of 2023, with fees totaling $4.6 billion - nearly 75% of its total profit for the year.
Precious metals buyer cashes in on Costco's gold bar rush: 'I consider this savings'
foxbusiness.com/money/precious-metals-buyer-cashes-costcos-gold-bar-rush-savings
What to know about Biden's latest attempt at student loan cancellation: President Biden is taking another shot at student loan cancellation, hoping to deliver on ...
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Markets Insight: The myth of long-term high prices: High inflation will soon be history. Longer-term factors should ensure a moderate price trend in the future ...
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Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
US inflation jumps as fuel and housing costs rise: Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed.
bbc.com/news/business-68781482
What the key interest rates mean for savers: Inflation is falling - The ECB is heading towards a possible first interest rate cut. Consumers could already feel ...
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Auto insurance premiums are skyrocketing. What's to blame?: Inflation accelerated more than expected in March, and an unsuspecting culprit may be to blame: auto ...
foxbusiness.com/economy/auto-insurance-premiums-are-skyrocketing-whats-blame
Did your car insurance rate go up a lot even though you don’t drive much?: Drivers nationwide are facing the biggest car insurance rate increases since 1976.
cnn.com/2024/04/12/business/car-insurance-rate-go-up/
Costco keeps selling out of gold bars. Experts warn rush is more ‘mob mentality’ than sound investment decision
fortune.com/2024/04/12/costco-keeps-selling-out-of-gold-bars-experts-warn-rush-is-more-mob-mentality-than-sound-investment-decision/
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Costco has a new way to make money members will love: The warehouse club is well behind rivals like Amazon in a key category and fixing that will lead to lower ...
sacbee.com/news/business/article287654140.html
Faeser on crime statistics: “Start with social causes”: Even before the statistics were presented, the numbers caused discussion: more crimes were registered in ...
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Target has launched its new paid membership program as part of Circle Week: Target 360 Circle will be priced at $49 through May 18
qz.com/target-circle-week-amazon-walmart-discount-retailer-1851394907
Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.
cnn.com/2024/04/09/economy/gold-prices-record-highs/
Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world
ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
Inflation report: Dow plunges 470 points, stocks tumble on hot CPI: The odds of a June Fed rate cut have been completely wiped off of the table ...
markets.businessinsider.com/news/stocks/inflation-report-stock-market-today-fed-rate-cuts-outlook-economy-2024-4
Producer prices come in softer than consumer prices in March: Producer prices rose less than economists expected in March after consumer prices came in hot ...
thehill.com/business/4588023-producer-prices-come-in-softer-than-consumer-prices-in-march/
Costco gold bars are a hit with millennials? Not so fast: The retail giant’s gold bars are pretty cool—but young people are probably buying Bitcoin instead.
fortune.com/crypto/2024/04/08/costco-gold-bars-are-a-hit-with-millennials/
Paid articlePaid Hot inflation may put Fed rate cut in thick of election season: Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a ...
reuters.com/world/us/hot-inflation-may-put-fed-rate-cut-thick-election-season-2024-04-11/
Dollar Tree hiking prices as high as $7, but some Long Island customers say they'll stay loyal
newsday.com/business/dollar-tree-raising-prices-7-family-dollar-a634a4cx
JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’: JPMorgan Chase CEO Jamie Dimon warned that interest rates could rise to 8 percent or ...
thehill.com/business/4585341-jpmorgan-ceo-dimon-warns-interest-rates-8-percent/
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates
cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html
Best things to get at Costco right now, from employee — April 2024: Kirkland Signature morning buns and the Ninja Creami Deluxe are some of the best things to ...
businessinsider.com/best-things-at-costco-this-month-employee-reveals-2024-4
Paid articlePaid Costco offering weight-loss subscriptions to members: The warehouse retailer is now offering its U.S. members access to prescriptions for GLP-1 weight loss drugs ...
ktla.com/news/money-business/costco-offering-weight-loss-subscriptions-to-members/
Costco brings back a food court fan favorite
charlotteobserver.com/news/business/article287252090.html
‘I cannot afford to live’: Gen Z is full of financial angst despite inheriting a golden job market
cnn.com/2024/04/10/business/gen-zs-financial-angst/
How to claim the $500 Walmart might owe you: Walmart resolved allegations of overcharging customers in a $45 million settlement that could mean payouts up to ...
businessinsider.com/how-to-claim-the-500-walmart-might-owe-you-2024-4
Memory makers reportedly stop publishing contract DRAM prices following Taiwan earthquake — further price hikes are expected
tomshardware.com/tech-industry/memory-makers-reportedly-stop-publishing-contract-dram-prices-following-taiwan-earthquake-further-price-hikes-are-expected
Disappointing Q1 for retail: Retail commerce turnover in the first quarter of 2024 was disappointing, according to traders’ estimates.
ekathimerini.com/economy/1235662/disappointing-q1-for-retail/
Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs
reuters.com/world/us/biden-senator-sanders-highlight-efforts-lower-cost-asthma-inhalers-2024-04-03/
Costco gold bars are a hit with millennials? Not so fast: The retail giant’s gold bars are pretty cool—but young people are probably buying Bitcoin instead.
fortune.com/crypto/2024/04/08/costco-gold-bars-are-a-hit-with-millennials/
Paid articlePaid Costco launches weight loss programs that could include Ozempic, Wegovy: Check out all the details of the expanded health care partnership.
abcnews.go.com/GMA/Food/costco-launches-weight-loss-programs-include-ozempic-wegovy/story
CBK spares borrowers hike in loan costs: CBK held the benchmark rate at 13 per cent, citing a reduction in money-driven inflation. Banks have cut lending to ...
standardmedia.co.ke/business/business/article/2001492641/cbk-spares-borrowers-hike-in-loan-costs
Costco to expand West Broad store, double number of fuel pumps: The wholesale giant is planning an expansion to the rear of the store as well as a relocation of ...
richmond.com/news/local/business/development/glen-allen-costco-west-broad-henrico-expand-warehouse-springfield-road/article_38e2e396-f8e5-11ee-bd9f-23a6e28bdcdb.html
Republicans more likely to say cost of living has gone up since 2020: survey: Pandemic-era inflation has placed a financial burden on many Americans ...
thehill.com/business/personal-finance/4581240-most-americans-cost-of-living-up-survey/
Why is beer so expensive?: Inflation for most goods and services has been falling since late 2022, but the price of beer has risen at its fastest rate in decades ...
smh.com.au/politics/federal/why-is-beer-so-expensive-20240411-p5fj5n.html
How Trump’s tariff plans could kill jobs and worsen inflation: Tariff Man could be back in the White House next year – and he’s promising the sequel will be even ...
cnn.com/2024/04/11/economy/trump-tariffs-trade-jobs-inflation/
Apple Store Employees in New Jersey File to Unionize: Apple employees at the Apple Store in Short Hills, New Jersey have petitioned to unionize ...
macrumors.com/2024/04/10/apple-store-new-jersey-union-filing/
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