U.S. employers added 275,000 jobs in February, beating January's gain of 229,000 jobs — a sign that the economy is rebounding from years of inflation, the Associated Press reported. For its part,...
Big Chicken Franchise Coming to Dallas
NBA Hall of Famer Shaquille O'Neal announced on June 1 that his Big Chicken restaurant franchise will expand into the Dallas-Fort Worth region. Locations will also open in other Texas cities, WFAA...
Client Poaching Case Costs IBM Over a Billion Dollars
International Business Machines Corp. (IBM) of Armonk, NY, is being required by a federal judge to pay BMC Software, Inc., to the tune of $1.6 billion. The reason? Replacing its software with that...
Musk to Tesla Employees: No Remote Work
Elon Musk did not mince words when telling his workers at Tesla that remote work was no longer an option. Musk sent an email to his executive staff that outlined requirements for office work....
Two More DFW Starbucks Push for Unionization
Employees at Starbucks Mockingbird Station and Belt Line Road locations announced their intention to unionize last week. Starbucks Workers United, a nationwide partnership of Starbucks employees,...
Labor Market Weakens With High Unemployment Claims
An estimated 210,000 Americans filed first-time unemployment claims last week. This is a slight dip from the previous week, but claims remain near a four-month high. Ongoing claims rose unexpectedly...
Toyota Misses Global Production Target
Toyota announced Monday that it missed its global production target for April due to COVID-19 outbreaks and parts shortages. The Japanese automaker produced 692,259 vehicles in April, short of its...
Trucking Company Sees Painful Cost Increases
The trucking industry is feeling the pinch with rising gas prices leading some companies to make changes to how they run their daily operations. As of June 2, the average gas price in Texas is now...
Fed Likely to Embrace Summer Rate Hikes
The recently released minutes of the Federal Reserve's May 3-4 policy meeting revealed unanimous support for a 0.5% interest rate increase to counter inflation. Participants at the meeting held that...
U.S. Savings Rates Tank, Potential Recession Looms
Consumers are increasingly turning to their credit cards to stay in step with rising prices as savings rates decline in the United States. With pandemic-related stimulus ending and inflation...
China’s Lockdowns May Worsen U.S. Inflation
Shanghai is poised to reopen on June 1, ending two months of a state-enforced lockdown intended to snuff out the transmission of COVID-19 in the region. While the efficacy of China's severe...
Inflation in Germany Reaches Half-Century High
Inflation in Germany reached its highest in over 50 years, according to data released on Monday, May 30. Rising energy and food costs pushed consumer prices up 8.7% from a year ago in May. Analysts...
Costco Earnings Rise Despite Inflation
According to Costco's quarterly report, the warehouse club saw a rise in earnings for the second quarter. Reuters reports that Costco members' spending power has remained stable while inflation has...
Chanel Imposing Purchase Limits Due to Demand
Chanel, a leading luxury brand, is increasing the exclusivity of its items due to skyrocketing demand. The label's chief financial officer, Philippe Blondiaux, explained to Reuters that the company...
Google Explores Joining India’s Open E-commerce Network
Google, under the parent company Alphabet Inc., has discussed with the Indian government the possibility of joining the country's new open e-commerce network, according to Reuters. The Indian...
Texas’ Largest Battery Energy Storage Facility Now Operational
Texas-based energy company Vistra Corp. has announced that its battery energy storage plant, the largest in the state, is fully operational, NBC DFW reports. As the long, hot summer months draw...
Biden Hopes Oil Prices Encourage Shift to Alternative Energy
As a global surge in the price of oil places increased strain on American families' budgets, some policy analysts think the high cost of fossil fuels could prompt a shift toward renewable energy in...
Snap Plunge Spooks Social Media Stocks
American camera and social media company Snap Inc., parent company to Snapchat, announced lower revenue targets for the current quarter, resulting in lower stock prices last Tuesday for the company...
Tesla Shanghai Restores Vehicle Production to 70%
Tesla's Shanghai production has been affected by COVID lockdowns and supply shortages. However, Reuters reports that the company's production has returned to 70% output of pre-lockdown levels as of...
Economists Debate Value of Lifting Chinese Tariffs
Since former President Donald Trump departed from office, questions have been raised as to why President Joe Biden has not lifted Chinese tariffs to offer relief from growing inflation. In 2018,...
Activision Blizzard Workers Vote to Unionize
Wisconsin employees of video game publisher Activision Blizzard, developers of the "Call of Duty" franchise, have voted to unionize. Calling themselves the Game Workers Alliance, the quality...