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Abortion bans and anti-LGBTQ laws are complicating business travel
Business travel for companies and individuals can be complicated when faced with laws that ban abortion and activities related to the LGBTQ+ community. These anti-discrimination laws can limit a company's ability to make travel decisions for employees, and...
Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down
. He stated that the Fed is committed to continuing to use all of its available tools to achieve its desired inflation target. This includes continuing to implement its current monetary policy, which includes setting interest rates, buying...
Law firm rescinds job offers to Harvard students over Israel letters
In August 2018, the Washington, D.C. law firm Smithsonian Associates, LLC rescinded internship offers to four Harvard Law School students who had signed a letter supporting the Boycott, Divestment, and Sanctions (BDS) movement for Palestinian rights. Smithsonian Associates...
Rite Aid is closing more than 150 stores as part of its bankruptcy process
. The company recently filed for Chapter 11 bankruptcy protection after struggling with debt stemming from its merger with Albertsons in 2015. The store closures are part of an effort to reduce costs and optimize the pharmacy’s retail...
U.S. gas prices are likely to keep falling despite the Israel-Hamas war, analysts say
. The conflict has not significantly impacted gasoline prices in the U.S. due to a combination of factors such as lower demand during the summer months, as well as high inventories of crude oil. Despite the war, global...
Delta says Hollywood and auto strikes are denting business travel
Delta has said that the recent strike action from Hollywood and auto workers has significantly impacted their business travel. Delta has seen a decrease in revenue from corporate customers as a result of the work stoppages. The airline...
UAW says it’s expanding strike to include major Ford truck plant in Kentucky
The United Auto Workers (UAW) union said it is expanding its strike to include a major Ford truck plant in Louisville, Kentucky. The strike began in mid-September at GM facilities across the nation, and is now spreading to...
Cyberattack cost MGM Resorts about $100 million, Las Vegas company says
According to a report from the Las Vegas Review-Journal, MGM Resorts International was the victim of a cyberattack in February 2020, and the company estimates the cost of the attack to have been approximately $100 million. The cyberattack...
