Business - Page 10

Female-Owned Firm Hosts Seminar To Address Black Gender Pay Gap

By Vanessa Roberson    The gender pay gap between men and women is astounding and more companies and organizations are taking a stand to call attention to it. In the United States, on average, women make $0.82 to every $1 earned by men, annually. For black women, the disparities are even worse. The inequities of the gap have long standing impacts, resulting in issues such as misappropriated generational wealth and disproportionate numbers of leadership positions for women, when compared to men. The Female Quotient is actively working to combat the gap and has built an entire platform empowering women with

How the business community can help protect voting rights

Opinion by Craig Robinson and Eddie Fishman Earlier this month, the Supreme Court ruled that two restrictive provisions in an Arizona voting law could remain in place. It’s a disheartening development in the ongoing voting rights battle waging across the country. Not only does the decision weaken the Voting Rights Act by making it harder to challenge racially discriminatory voting policies, but it also undermines the health of our democratic institutions at a time when voting rights reform is needed most. This disappointing decision arrives as we’re seeing a litany of partisan election law bills being proposed in states like Texas and

Advocacy group sues Johnson & Johnson over products marketed to Black women, alleging cancer link

By Chauncey Alcorn A Black women’s advocacy group filed a lawsuit Tuesday accusing Johnson & Johnson of selectively marketing the company’s talcum-based products, including Johnson’s Baby Powder, to African-American women despite knowing for years that the items had been linked to ovarian cancer, an allegation J&J denies. The pharma giant sold talc-based powder for more than a century, according to its website, before issuing a recall of 33,000 bottles in 2019 and discontinuing its sale in the United States and Canada in May 2020. But even then J&J said it would allow existing inventory to be sold until it runs out. Attorneys for the National Council of

America’s largest retailer will cover 100% of college tuition for its workers

By Nathaniel Meyersohn Walmart will pay for full college tuition and book costs at some schools for its US workers, the latest effort by the largest private employer in the country to sweeten its benefits as it seeks to attract and retain talent in a tight job market. The program includes 10 academic partners ranging from the University of Arizona to Southern New Hampshire University. Participants must remain part-time or full-time employees at Walmart to be eligible. The company said Tuesday that it will drop a previous $1 a day fee paid by Walmart and Sam’s Club workers who want to earn

More than 140 business leaders urge lawmakers to pass infrastructure bill

By Matt Egan Dozens of business leaders, including the CEOs of BlackRock, United Airlines and Macy’s, called on lawmakers Monday to swiftly enact the $1.2 trillion bipartisan infrastructure bill that is stalled in Congress. More than 140 executives signed the public letter to congressional leaders expressing strong support for the bipartisan infrastructure framework, calling it a “long awaited and desperately needed program to renew and rebuild our nation’s crumbling infrastructure.” The letter, organized by the Partnership for New York City, stressed that modernizing and expanding America’s physical and digital assets are a “necessary foundation for our nation’s sustainable growth.” The bipartisan infrastructure plan, if

Biden predicts restaurants and businesses will be ‘in a bind’ for some time due to labor shortages

By Maegan Vazquez and Kevin Liptak President Joe Biden conceded during a CNN town hall on Wednesday that certain businesses will remain “in a bind for a little while” with labor shortages, part of a major set of problems that’s unfurling as his six-month-old presidency reaches a critical juncture. Covid cases are rising, a testament to a vaccination effort that has stalled amid waves of disinformation and skepticism. Pent-up demand has caused an uptick in prices, leading to concerns over inflation. And Biden’s much-touted bipartisan infrastructure deal remains in a state of limbo as Republicans and Democrats rush to finalize

Inflation is here. The Delta variant could make it worse

By Matt Egan The biggest question facing the US economy is when skyrocketing consumer prices will come back to earth. The emergence of the Delta variant only deepens that inflation mystery. The hope is that inflation will cool off as the economy fully reopens, allowing supply to catch up with increasing demand. But the summer surge in Covid-19 cases is complicating that thinking. That’s because the Delta variant threatens to both ease pricing pressures in the short term — and worsen them in the long run. Covid alarm bells sounded on Wall Street on Monday, with the Dow sinking 726

Boosted by the federal stimulus, these virtual learning companies are fighting to keep their new place in US education

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By Katie Lobosco If parents weren’t familiar with Canvas or Schoology before the pandemic, they likely are now. The two biggest remote learning providers — or, more officially, “learning management systems” — became household names as schools scrambled to help students learn online at home, but they’re now fighting to keep their foothold as most districts plan to fully reopen for in-person learning in the fall. School districts nationwide licensed the platforms so that their students could log in to virtual classes, communicate with their teachers and submit schoolwork from home. Usage surged immediately. Interactions with Schoology’s platform jumped 400%

Former Sony employee sues company over alleged racist abuse

By Chauncey Alcorn A former Sony Electronics employee is suing the company and several individuals, accusing her former boss of sabotaging her career and making racist, verbally abusive comments. The woman filing the lawsuit, Duwanikia “Monica” Hill, who is Black, says she was fired from her role as an account manager after she filed an abuse complaint against her boss earlier this year. The lawsuit says that Hill’s former manager, who is White, made offensive racial slurs, including that the Black Lives Matter movement “made Blacks feel more powerful than they are” and that Blacks should feel “grateful for whatever

Surging prices: Key measure of inflation posts biggest 12-month jump on record

By Chris Isidore US wholesale prices posted the biggest 12-month increase on record. That’s the bad news. But the US economy offered some rare good news on inflation Wednesday, too: Costs didn’t rise as much in June as they did in May, raising hopes that prices could be leveling off or even retreating in some cases. The producer price index measures prices paid by businesses, rather than consumers. Any increases typically are passed onto consumers at the retail level. Wholesale price increases have fed growing concerns about inflation as the economy tries to return to normal. The Labor Department reported

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