US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs

US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs

The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year. Jobless claims remained at 205,000. The four-week average, which smooths out week-to-week ups and downs, rose to just over 206,000. The numbers suggest that … Read more

Intel apologizes for Xinjiang ban over Muslim abuse complaints

Intel apologizes for Xinjiang ban over Muslim abuse complaints

Intel apologized Thursday for asking suppliers to avoid sourcing goods from Xinjiang after the world’s biggest chipmaker joined other foreign brands that face the fury of state media over complaints of abuses by the ruling Communist Party in the mostly Muslim region. Intel’s request was “arrogant and vicious,” said Global Times, a newspaper published by … Read more

Inflation hits highest level in 39 years as consumer prices jump

Inflation hits highest level in 39 years as consumer prices jump

The inflation rate is running at its hottest pace in nearly four decades, as widespread supply disruptions, high consumer demand and worker shortages fuel a surge in prices. Consumer prices soared by 5.7 percent in the year through November, according to the Personal Consumption Expenditures price index released by the Commerce Department Thursday. That topped the … Read more

Amazon settles with NLRB to give workers power to unionize

Amazon settles with NLRB to give workers power to unionize

Amazon, under pressure to improve worker rights, has reached a settlement with the National Labor Relations Board to allow its workers to freely organize — and without retaliation. According to the agreement, the online behemoth said it would reach out to its warehouse workers — former and current — via email who were on the … Read more

TikTok overtakes Google as most popular site in 2021

TikTok overtakes Google as most popular site in 2021

TikTok just won’t stop. The video-driven social media app is the most popular site in 2021 — beating out last year’s top favorite Google, according to a new tech report. TikTok even beat out other well-known domains that outranked it in 2020, such as Amazon, Apple, Facebook, Microsoft and Netflix, data from web security company Cloudflare … Read more

Steve Witkoff buys troubled ‘Twists’ tower project in Chelsea

Steve Witkoff buys troubled 'Twists' tower project in Chelsea

There’s life for XI after all. With help from billionaire industrialist and real estate investor Len Blavatnik, New York developer Steven Witkoff’s Witkoff’s Group snared the bankrupt, $2 billion, twin-towered condo project in a public debt auction on Thursday. The deal means that work can resume on the 900,000 square-foot towers after more than two … Read more

Apple closes eight stores amid COVID surge: report

Apple closes eight stores amid COVID surge: report

Apple has temporarily closed at least eight retail stores in the US and Canada since Tuesday as cases of the coronavirus surge among customers and employees, according to a report from Bloomberg. The Cupertino, California-based company typically closes a retail store when roughly 10 percent of staff members test positive for COVID-19, the publication said. … Read more

Amazon workers in Staten Island walk out during holiday rush

Amazon workers in Staten Island walk out during holiday rush

Amazon warehouse workers in Staten Island revived their push for union representation and staged a walkout on Wednesday in protest of what they said are unfair labor practices during the breakneck holiday shipping rush.  Workers at four Staten Island facilites staged a “lunchtime walkout,” slamming “unfair labor practices committed by Amazon” including illegal interference with … Read more

Amazon limits COVID test kit purchases amid Omicron spike

Amazon limits COVID test kit purchases amid Omicron spike

Amazon is limiting sales of its at-home COVID-19 test kits amid a surge in demand as the Omicron variant of the coronavirus spreads like wildfire across the country. Coronavirus cases are spiking once again in the US as the highly contagious Omicron strain spreads and has become the dominant COVID-19 variant in the country, accounting … Read more