Restaurant owner makes big offer to lure workers
(CNN Business)The US Chamber of Commerce on Monday announced a nationwide initiative to address the worker shortage in the US, calling the crisis the most critical and widespread challenge facing businesses.
The initiative, called “America Works,” aims to mobilize industry and government to “swiftly address America’s deepening worker shortage crisis.”
“The worker shortage is real — and it’s getting worse by the day,” US Chamber of Commerce President and CEO Suzanne Clark said.
The Chamber’s notes that the lack of workers to fill open jobs is not a new problem, but “keeping our economy going requires we fill these jobs.” The report also suggests removing barriers that prevent people from entering the workforce, getting individuals the skills they need for the open positions, and enacting sensible immigration policy.
The organization shows there were a record 8.1 million job openings in the United States in March 2021 and about half as many available workers for every open job across the country as there have been over the past 20 years.
Stock Alert: Natura & Co. Climbs 5%
Shares of Brazilian cosmetic company Natura & Co Holding S.A. (NTCO) are up 5 percent on Tuesday’s trading despite there being no company announcement or other news to influence the stock.
In May, the company had announced its first-quarter results. Consolidated net revenue in the quarter were R$9.5 billion, up 25.8 percent from last year.
Reported EBITDA grew by 471 percent to R$829.1 million, while adjusted EBITDA, which excludes transformation costs and acquisition effects, rose 68.5 percent to R$963.2 million.
The stock is currently trading at $20.72, up $1.17 or 5 percent on the NYSE. NTCO has traded between $14.11 and $20.93 in the past 52 weeks.
Stock Alert: Ovintiv Jumps 9%
Shares of exploration company Ovintiv Inc.(OVV) are up 9 percent on Tuesday’s trading as oil stocks saw an upward trend with the rise in global oil prices.
Oil prices advanced on Tuesday, with Brent crude futures climbing above $70 per barrel to trade at their highest since March on growing optimism over fuel demand outlook. Brent crude futures for Aug delivery jumped over 2 percent to $70.73 a barrel, while WTI crude futures for July settlement were up as much as 2.7 percent at $68.10 per barrel.
In April, the company reported first-quarter net income of $309 million or $1.16 per share. Revenues came in at $1.84 billion during the three-month period. On average, 12 analysts expected the company to report earnings of $0.93 per share in the quarter.
The stock is currently trading at $29.04, up $2.41 or 9% on the NYSE. OVV has traded between $6.81 and $29.20 during the past 52 weeks.
Opinion: Abuse goes beyond NBA players and reflects larger failings in America today
The COVID-19 pandemic has exposed so many of the fault lines in our society. Disparities in health care. Economic inequality. A lack of access to child care. A failure to take mental health issues seriously. The systemic racism that underpins everything.
And perhaps most disheartening of all, how little we think of one another.
The rash of abuse directed toward NBA player recently has been shocking, seeming to be a departure from the normal bounds of good behavior. But, really, it’s an extension of the disregard that’s been shown to flight attendants, store employees, public officials, even some of our ordinary, fellow Americans.
There is an ugliness in our interactions that should horrify and embarrass us, but is instead celebrated by a country where it is increasingly OK to do whatever you want and to hell with everyone else.
Paramount Contributes $40,000 To Gavin Newsom Anti-Recall Effort
Paramount Pictures is the latest industry donor to chip in on an effort to defeat the recall of California Gov. Gavin Newsom.
According to records from the California Secretary of State, the studio donated $40,000 to Stop the Republican Recall of Governor Newsom, a committee set up to fight the pending effort to oust Newsom from office. The studio also gave $5,000 in March to the California Democratic Party, one of the sponsors of the anti-recall committee, and contributed to Newsom’s 2018 election campaign.
A spokesperson for the studio said that the donation actually was made by ViacomCBS, the studio’s parent company, even though the contribution record lists Paramount.
The recall is not officially on the ballot for later this year, but it is expected to qualify after Secretary of State Shirley Weber said that proponents had passed the signature threshold. Newsom and his allies have been raising money in the meantime. The Stop the Republican Recall committee got a big boost last month when Netflix CEO Reed Hastings gave $3 million, the most of any single donor.
As the coronavirus crisis unfolded and forced lockdowns and special safety measures, Newsom allowed film and TV production to resume last June, and exempted industry workers from a second state stay-at-home order in November.
Newsom’s reelection campaign, meanwhile, has drawn recent contributions from J.J. Abrams and Katie McGrath, Jeffrey and Marilyn Katzenberg, Tom Rothman, Jeff Shell, Jay Sures, Dana Walden and Chuck Lorre.
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A Lucid, Literary Illustration of the Complex, Beautiful Work of Memory
By Parul Sehgal
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The babies had been switched, of that she was sure. Would her own baby smell like this — like rot? Impostor. She guarded the truth quietly: Her real baby actually lay beneath a small, tilted headstone, in the graveyard near her home.