Starbucks on Wednesday said CEO Kevin Johnson is stepping down after five years at the helm of the coffee chain, a period when the company dealt with challenges including a backlash after a racial bias incident and a worker push to unionize. Former CEO Howard Schultz will step in as …
Read More »You’ve heard of the metaverse. Here’s what it looks like.
The metaverse is a 3D social network. Instead of a profile, you have an avatar, and so do your friends. Instead of a news feed, you have social hubs where people gather to share news, gossip and play games. Although the virtual environment is cartoon-like, for Kiernan Pearce the metaverse …
Read More »IRS is exploring alternatives to selfie verification with ID.me
The Internal Revenue Service is reconsidering alternatives to ID.me, the controversial identity-checking system already used by states and other federal agencies, after public pushback at the notion that taxpayers will need to take selfies to access their IRS.gov accounts. A Treasury Department official told CBS MoneyWatch that the agency was …
Read More »What 2022 may have in store for the cryptocurrency investor
The first week of 2022 hasn’t been kind to bitcoin, as the cryptocurrency lost 11% of its value in mere days and finished this week at about $42,000 — down almost 40% from its all-time high last fall. Analysts closely watching crypto said the Federal Reserve’s hint at raising interest …
Read More »Hobby Lobby to pay workers a minimum of $18.50 an hour
Hobby Lobby workers will be taking home fatter paychecks in the new year, with the crafts chain upping pay to $18.50 an hour for full-time workers as of January 1. Hobby Lobby in 2009 set a nationwide minimum hourly wage well above the federal level, and has since hiked wages …
Read More »Child Tax Credit 2021: Last check set to go out on December 15. That could mean poverty for millions of kids.
Millions of Americans have weathered the COVID-19 pandemic with the help of direct cash payments from the U.S. government, via stimulus checks, extra unemployment benefits and the expanded Child Tax Credit. But that last financial buffer may come to an end on December 15 when the IRS sends out the …
Read More »Kraft Heinz recalls some Country Time Lemonade and Kool
Kraft Heinz is recalling Country Time Lemonade and Kool-Aid Tropical Punch powdered beverages because they may contain tiny pieces of metal and glass. The recall involves certain powdered drinks sold in 19-ounce, 82-ounce and “on-the-go sticks” because of the small particles that may have been introduced during production, the company …
Read More »John Deere says it won’t return to bargaining table with striking workers
Deere executives said the heavy equipment manufacturer is done negotiating with striking workers. Marc Howze, chief administrative officer of Deere, said Wednesday that a deal the United Auto Workers union rejected earlier this week represents the company’s best offer, including an immediate 10% raise, as the company tries to contain costs. …
Read More »Facebook’s new business plan: Locate more young people in the metaverse
Mark Zuckerberg has a new remedy for what’s ailing Facebook: Ditch older users and refocus the company on serving Generation-Z, while encouraging them to buy virtual items in the emerging “metaverse”. “We are retooling our teams to make serving our young adults our North Star rather than optimizing for the …
Read More »Judge rules that synagogue shooting victims can sue gunmaker
A California judge decided victims of a 2019 synagogue shooting near San Diego that killed one worshiper and wounded three can sue the manufacturer of the semiautomatic rifle and the gun shop that sold it to the teenage gunman, according to a newspaper report. Superior Court Judge Kenneth Medel said Wednesday that …
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