Business

9 busy people share best hacks for making the most of vacation time

9 busy people share best hacks for making the most of vacation time

Americans are notorious for not taking a break. The average US worker took less than 12 days of vacation in 2021 — six fewer than the global average — according to Expedia’s latest Vacation Deprivation study of 14,500 working adults across 16 countries. Yet an overwhelming majority of workers say taking vacations makes them feel …

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

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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July jobs report doubles expectations

Stocks week ahead: The market read the Federal Reserve all wrong

“We’ve been front-end loading these very large rate increases, and now we’re getting closer to where we need to be,” Fed Chair Jerome Powell reporter told. Of course, Powell said, another “unusually large” increase could be on the table too. But Wall Street looked past that. What came next: Investors cheered Powell’s apparent pivot. The …

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GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.

GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.

Text size GE wants to be a player in the electricity grid of the future. That will benefit its coming Vernova business. Brandon Bell/Getty Images NISKAYUNA, N. Y–In General Electric ‘s sprawling research center here, you will find two Nobel Prizes won by GE scientists, Thomas Edison’s desk, and current research that could help create …

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Walmart Is Facing Inflation, Overstock, and Overstaffing

Walmart Is Facing Inflation, Overstock, and Overstaffing

Walmart has nixed hundreds of corporate roles. The company has repeatedly sounded the alarm about inflation and economic uncertainty. Given Walmart’s influence and reach, its struggles could indicate industry-wide struggles for retailers. Loading Something is loading. Walmart made a major splash Monday when it laid off around 200 corporate employees – a move that indicates …

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Tiffany's debuts crypto-inspired NFT pendants for $50,000 each

Tiffany’s debuts crypto-inspired NFT pendants for $50,000 each

Written by By Zoe Sottile, CNN On Friday, Tiffany & Co debuted and quickly sold out a limited collection of 250 custom jewel-encrusted pendants for holders of CryptoPunks, a popular early non-fungible token collection. CryptoPunks was launched in 2017 and consists of 10,000 unique 8-bit-style generated characters stored on the Ethereum blockchain. The collection is …

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US 'past peak inflation' after Tesla sells 90% of Bitcoin

US ‘past peak inflation’ after Tesla sells 90% of Bitcoin

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.” Musk on costs: “The trend is down” After recently …

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