The Week in Business: Blistering Job Growth

What’s Up? (July 31-Aug. 6) A Jobs Day Surprise Analysts had forecast an increase of 250,000 jobs in July. And so it was a shock when the Department of Labor’s report showed that more than twice that number — 528,000 —  were added last month. The blistering pace of growth brought total employment back to …

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Unifor members to elect new national president in Toronto this week

TORONTO – Unifor members from across Canada are gathering in Toronto this week to elect the union’s next leader, several months after former national president Jerry Dias stepped down. Monday will kick off the start of the union’s fourth constitutional convention where elections for Dias’ successor, the next secretary-treasurer and regional directors will take place …

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Why Mark Zuckerberg's other big bet, outside the metaverse, is Whatsapp for business

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters WhatsApp is already widely popular with U.S. consumers. Now Meta Platforms is turning more attention to building its small business base. The …

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Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian …

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Insurer Spurs Companies to Mitigate Climate-Related Risks

FM Global, one of the nation’s leading business insurers, will provide a 5% reduction in annual premium to its roughly 1,500 policyholders to spur them to better protect their property against risks including wildfire, floods and hurricanes. The carrier is taking the innovative step of providing what it calls a “resilience credit” as concern mounts …

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Ben & Jerry's to Take On Owner Over Israeli Business

A request by Ben & Jerry’s to block parent company Unilever sale of the ice-cream brand’s Israeli business is set to be heard by a New York court Monday in what lawyers say is a first-of-its-kind case. At the heart of the case is what powers Ben & Jerry’s independent board, a unique corporate-governance arrangement …

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20 Ideas for Adjusting Your Stock and Bond Portfolio

Is it time to rethink the percentage of stocks you hold in your portfolio? The standard ratio is often 60% stocks and 40% bonds. Of course, that varies depending partly on an investor’s age or risk tolerance. But with stocks down, inflation rising and a possible recession being declared, some experts say the conventional wisdom …

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India's International Tourism To Surpass $42 Billion By 2024: Report

India’s outbound tourism to surpass USD 42 bn by 2024: Report New Delhi: Outbound trips from India will surpass $42 billion by 2024 and the government could bring about certain policy changes to boost this growing market, a report said. The report’ titled ‘Outbound Travel and Tourism – An Opportunity Untapped’ by Nangia Andersen LLP …

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Bitcoin, Ether To Come Under Commodities Regulator, New US Senate Bill

Senate bill would hand bitcoin, ether oversight to commodities regulator A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission (CFTC) the direct regulator of the biggest cryptocurrencies. The measure, introduced by the top Democrat and Republican on the Senate Agriculture Committee, would give the derivatives regulator exclusive jurisdiction over …

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US Regulator Urges Banks To Police Misleading Crypto Claims

FDIC urges banks to police misleading crypto claims on deposit insurance A US banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds will be insured by the government in case of collapse, and which have no safety net. The Federal Deposit Insurance Corporation …

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