Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preserve its business model. “In the state of Massachusetts, we think the right answer is our IC+...Read More

Strong corporate profits have eased concerns over the COVID-19 pandemic. Global shares rode earnings to a record high on Wednesday, while the dollar and Treasury yields languished in the wait for US employment data to provide clues to the pace of monetary tightening in the world’s biggest economy. Strong corporate profits have eased concerns over...Read More

Millions of Americans have gone back to work as the vaccines against COVID-19 have helped quell the outbreak; however, employers are seemingly hiring fewer black and Hispanic workers, entrenching persistent inequalities in the United States. The divides are fueled by long-running employment discrimination, experts say, worsened by unique, virus-related disruptions that have left many job...Read More

The spectacular appearance of the brand new nation might seem off- script or even plain ironic to those familiar with the story of globalisation – like a late-twentieth-century shorthand for the unhindered movement of capital, labor, goods, and people – and the opening up of the world. Weren’t we once told that the nation-state had...Read More

Aug 3 (Reuters) – Brazilian broker XP Inc reported a jump in adjusted second-quarter profit on Tuesday, as a rebound in economic growth from last year’s pandemic-led slump helped attract more customers and boosted its assets under custody. The brokerage added about 3.14 million active customers in the quarter, a 33% jump from a year...Read More

– USD index charts flag bullish 40-60 day outlook– Supports between 91.40 & 91.80 tipped to hold– Significance, anticipation of July job data grows Image © Adobe Images The Dollar Index has entered the new month on its back foot ahead of a landmark American jobs report, although strategists at BofA Global Research have flagged...Read More

For small business owners in Glenside in the northern suburbs of Philadelphia, rising prices have become a common gripe. “It’s really affecting my bottom line,” says Alisa Kleckner, who sells masks and costumes, primarily using leather, for theatre productions. “The cost of raw goods has gone up, the cost of transportation has gone up, and...Read More

LEXINGTON, Ky. – In 2020, the Kentucky forest sector remained steady to 2019 levels and added an estimated $13.97 billion to the state’s economy. “Tree species diversity within our forests helps buffer the sector from unknown ecologic and economic impacts, which was really important in 2020,” said Jeff Stringer, chair of the University of Kentucky Department of Forestry and Natural Resources. “The economic impact of Kentucky forests is distributed...Read More

The US dollar is declining against the Mexican Peso for the eighth day in a row as investors digest the effects of the Federal Reserve’s relaxed stance towards cutting stimulus and fighting inflation. The USD/MXN traded lower on Monday. The pair tested the 19.80 level as a continuation of the July 29 break of the...Read More

A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi/File Photo China July factory activity grows at slowest pace since Feb 2020 OPEC July oil output hits 15-month high – survey U.S. will not lock down despite coronavirus surge, Fauci says SINGAPORE, Aug 2 (Reuters) – Oil prices...Read More