Corporate giants use their size and deep pockets to protect themselves from global supply chain collapse. P&G said Tuesday that it included back-up suppliers, changed shipping routes, rebuilt products, and in some cases limited the quantities retailers could buy at one time. Grocery Giant Albertsons ACI 4.44%
Cos. said on Monday it would offer a replacement for out-of-stock products and provide consumers with a price hike. Procter & Gamble’s stock price fell 1.2% on Tuesday.
Amazon is preparing its employees for the holiday season. The e-commerce giant aims to employ 150,000 seasonal workers in the United States. It’s a move to get workers needed for the holidays in a tough labor market. From stores and restaurants to amusement parks and manufacturers, businesses are competing for workers, sometimes offering wage increases, employment bonuses, and other perks. Amazon’s seasonal employment number exceeds Amazon’s announced last year of 100,000, which pales in comparison to Wal-Mart. Ltd.
He said he would add this year. Amazon shares were up 1.1% on Monday.
zillow group Ltd.
Zillow has overturned its home buying and selling plan. The online home listing platform said on Monday it would focus on suspending automated home flipping operations, closing existing purchase contracts and selling homes for the rest of the year. .. Zillow said it has stopped the practice because of the untreated portion associated with home renovation and the constraints field workers face. The US housing market recovered during the pandemic, but home sales have recently begun to cool. Zillow’s share price fell 9.5% on Monday.
Health regulators have launched a national Covid booster campaign. On Wednesday, the Food and Drug Administration approved the use of additional doses of Moderna & Johnson & Johnson vaccines. The FDA also said that people may get different shots than before. The move would make boosters available to most adults who are fully vaccinated and have passed the recommended waiting period. Some studies have shown that mixed and matched people may have greater protection from coronavirus, especially if they have been vaccinated against J&J for the first time. Shares of Moderna rose 2% on Thursday.
Netflix’s latest hits have received a lot of rave reviews. The streaming giant has been lauded for the success of Korean dystopian drama “Squid Game”, which debuted last month and quickly became a global phenomenon. Netflix said Tuesday that the popularity of original programming helped it add 4.4 million subscriptions in the third quarter. Meanwhile, co-CEO Ted Sarandos said on Tuesday that he “spoiled” efforts to communicate with employees who were “close to” angry. In a recent comedy special by Dave Chappelle, some people find it disrespectful to the transgender community. Shares of Netflix fell 2.2% on Wednesday.
Will the second IPO effort work with WeWork? This happened on the first day the shared office company made its debut on the New York Stock Exchange. The stock closed 13% higher. WeWork’s public offering marks the end of its path for a list that includes an initial public offering in 2019 and the ouster of co-founder and CEO Adam Newman. Under Sandeep Mathrani, the company attempted renovations, including closing down locations, renegotiating leases and reducing employment of thousands, to reduce the cost of the pandemic. WeWork is an exclusive acquisition company, BowX Acquisition Corp. Published in partnership with
Snap expects some of its recent growth to disappear. Snapchat maker of the missing Messages app said on Thursday it expects Apple to slow revenue growth this quarter. of a corporation
A new policy that requires the app to ask the user if they want to be tracked. According to Snap, the new rules make it harder for advertisers to test and measure their campaigns. The move has sparked complaints from companies selling ads that use such tracking technology, sparking a public battle between Apple and Facebook. Ltd.
Snap shares fell 27% on Friday.
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