-------------------------------------------

Business News

Not stopping ‘Stop the Steal:’ Facebook Papers paint damning picture of company’s role in insurrection

Just days after insurrectionists stormed the Capitol on January 6th, Facebook’s Chief Operational Officer Sheryl Sandberg downplayed her company’s role in what had happened. “We know this was organized online. We know that,” she said in an interview with Reuters. “We… took down QAnon, Proud Boys, Stop the Steal, anything that was talking about possible…

SkyWest cancels and delays thousands of flights

SkyWest, a regional airline that operates flights for several major US carriers, has canceled and delayed thousands of flights over the past two days. The airline explained that it experienced an “operational disruption” on Thursday, and that the cancellations and delays cascaded into Friday because it had to get “crew and aircraft into position.” According…

Biden’s fixes to the student loan forgiveness program are a good start, but they aren’t enough

Earlier this month, the Department of Education announced major fixes to a well-intentioned yet broken program that was designed to help millions of teachers, police officers, military personnel and other public service workers alleviate student loan debt. The Public Service Loan Forgiveness (PSLF) Program is a contract with the American people. By offering significant loan…

Walmart recalls aromatherapy spray that contained deadly bacteria

Walmart is recalling an aromatherapy room spray that contained a dangerous bacteria, which can cause a fatal health condition, the U.S. Consumer Product Safety Commission said Friday. The retailer is recalling 3,900 bottles of the Better Homes and Gardens-branded essential oil infused aromatherapy room spray with gemstones. The spray bottles could contain Burkholderia pseudomallei bacteria,…

Workers are seeking unions at Starbucks, Dollar General and Amazon locations. Here’s why that matters

Shellie Parsons never thought she’d be supporting an effort to win union representation at the Dollar General store where she’s worked for a bit more than a year. “I was actually against unions,” said the 37-year-old single mom. “I’d heard a lot of bad things about the unions.” She liked her store manager at the…

Housing is the economy’s Energizer bunny: It keeps going and going

The housing market is showing no significant signs of slowing, despite some concerns that prices may be close to peaking as mortgage rates climb. Housing starts in September were up from a year ago, while existing home sales topped economists’ forecasts and rose from August levels. Even as some sectors of the economy remain muted,…

Vaccines are helping the economy return to normal. Supply chain problems are holding it back

Covid continues to loom over the US economy, but economic activity is nonetheless inching closer to its pre-pandemic strength, helped in large part by people returning to their offices. The biggest problem putting a damper on early celebrations: the ongoing supply chain crisis. The Back-to-Normal Index created by CNN Business and Moody’s Analytics, stood at…

Business group warns of mass layoffs and ‘catastrophic’ supply chain disruptions from Biden’s vaccine mandate

President Joe Biden’s vaccine order will force employers to lay off thousands of workers, making the supply-chain crisis much worse, a major business group warned the White House this week. The National Association of Wholesaler-Distributors, an influential trade group that represents an industry with nearly 6 million workers, is pleading with the administration to delay…

Trump SPAC skyrockets as much as 1,657% since deal was announced

Former President Donald Trump’s planned return to Wall Street is setting off a frenzy. Shares of the shell company that Trump’s new media company plans to merge with surged as much as 284% on Friday, prompting a series of trading halts for volatility. In recent trading the company, Digital World Acquisition Corp., was up 150%.…

Soaring meat prices a tough sell for barbecue pitmasters

For about twenty minutes, Alex Barbosa had his full menu on display — written in permanent marker on peach-colored butcher paper — before he had to start taking parts of it down. “Sorry, ma’am. We’re already out of the burnt ends,” Barbosa, owner of the mobile barbecue trailer Barbosa’s Barbeque, tells the patron standing out…

Tesla fans cry foul as Biden administration moves toward Autopilot regulations

The question of who will regulate cutting-edge driving technologies appears to be answered. For years, the US government hasn’t regulated driver-assist systems like Tesla’s Autopilot and GM’s SuperCruise. Automakers can do as they please because there are no standards for these systems. But President Joe Biden’s administration appears to want to change that, with the…

How to turn down a job offer

It’s a nice feeling to get multiple job offers and be able to choose the best possible opportunity. But how you turn down potential employers is also important for your career. “You don’t want to burn any bridges, the world is really small,” said Karen Delk, CEO of Davis Delk Consulting, an executive coaching and…

Bank of England official warns inflation could top 5% as UK economy slows

Inflation could surge above 5% early next year in the United Kingdom, according to the Bank of England’s top economist, as product and labor shortages continue to hamper the country’s economic recovery. “I would not be shocked — let’s put it that way — if we see an inflation print close to or above 5%…

This meat is soon disappearing from Chipotle’s menu

Chipotle’s smoked brisket was always intended to be a limited-time menu item. But it’s been so popular that the offering is ending earlier than planned. The company revealed in Thursday’s earnings call that the brisket promotion will end in November, meaning it will just be on sale for partial quarter. Usually Chipotle’s limited-time offerings, such…

Is the global recovery at risk?

Supply chain bottlenecks are weighing on economic growth in Europe. The same problem is hitting China as it battles an energy crunch and concerns about its huge real estate sector. And in the United States, factories can’t produce as much as they’d like due to shortages of workers. What’s happening: Recent data makes clear that…

Stay Informed with KSFO

 

Subscribe to 560 KSFO's weekly eblast for the latest national and local news updates, exclusive contests, events and more.