Retailers have kicked off holiday hiring early and beefed up perks to find enough seasonal employees in a tight labor market. J.C. Penney will give part-time staffers a week of paid time off, Target boosted starting hourly pay to $12 this week and Macy's has begun paying incentive bonuses.
A Gallup Poll finds 12% of Americans view the economy as the No. 1 issue facing the country, a record low. The top concern in the poll is dissatisfaction with the government, with 29% of respondents citing it.
College and universities hiring a chief human resource officer should seek candidates who understand the latest HR technology and how to use the institution's mission for recruiting, says John Thornburgh of executive search firm Witt/Kieffer. CHROs also should communicate well with senior staff and handle unexpected events with ease, Thornburgh adds.
Brexit without a transition agreement would bring the UK economy "serious disruptions" in the short term and "substantial costs" in the long term, according to the International Monetary Fund. Managing Director Christine Lagarde says "the range of issues that remains to be addressed is daunting."
McDonald's has begun serving an updated version of its apple pie, made with less sugar, fewer ingredients, a greater variety of apples and flakier pastry. Customer reactions to the new recipe on Twitter have been mixed, with some cheering it and others saying they preferred the original.
Leaders at major drug firms with manufacturing facilities in Puerto Rico share lessons learned following Hurricane Maria, but more than anything they talk about the resiliency of their employees. Jose Vidal, who was VP of drug substance operations at Amgen at the time, said aside from buildings and products, the first thing they had to do was to establish a haven in the municipality of Juncos, "a bubble where you should feel normal."
The Trump administration says the US will impose 10% tariffs on an additional $200 billion in Chinese products, noting "China has been unwilling to change its practices." China responded with its own tariffs on $60 billion worth of US imports.
The US Trade Representative on Monday released a list of items that will not be subject to Chinese tariffs, including Apple's smartwatches and other consumer-facing gadgets. However, computer server parts and networking gear will now face levies.
The Senate voted 99-1 to approve a bipartisan legislative package consisting of 70 bills designed to combat the opioid crisis, including measures that would provide the US Postal Service with more tools to block illegal fentanyl shipments, offer incentives to the National Institutes of Health to prioritize non-opioid painkiller development, and give the FDA the authority to require drugmakers to package opioids in smaller quantities. The package must be reconciled with House legislation that passed earlier this year.
Federal Communications Commission Chairman Ajit Pai criticized California's net neutrality bill passed by the state legislature, but still needs Gov. Jerry Brown's signature, calling it "illegal" and "anti-consumer." "California's micromanagement poses a risk to the rest of the country," Pai said, but the bill's sponsor state Sen. Scott Wiener countered Pai by saying, "California understands exactly what it takes to foster an open innovation economy with a level playing field."
Amazon's highly anticipated announcement of its second headquarters' location will come before the end of the year, CEO Jeff Bezos told the Economic Club of Washington, D.C. The effort could entail spending $5 billion to develop an 8 million-square-foot site and could employ 50,000 people.
With catastrophic flooding forecast to continue for days, hotels in the Carolinas were assessing damage while offering discounts to Florence evacuees and making donations to relief efforts. The North Carolina Restaurant & Lodging Association is coordinating a range of efforts, including the provision of transitional shelter.