New York CNN Business — The American economy is super weird right now. Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster than at any point since the 1980s. The housing market is on fire. Consumers are spending like crazy. Yet we keep hearing…
Tag: government and public administration
Elon Musk says his deal to buy Twitter is on hold
London CNN Business — Elon Musk said he is putting his bid to acquire Twitter (TWTR) on hold, weeks after agreeing to take the company private in a $44 billion deal. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted on Friday….
Baby formula shortage spurs action from Congress
CNN — A nationwide shortage of baby formula has spurred a response from several House committees in an effort to figure out what’s caused the issue and how the government can ease the problems causing the shortages. Two House committees announced this week they are looking into the issue, with a spokesperson telling CNN that…
Coronavirus committee: Meat companies lied about impending shortages and put workers at risk
New York CNN Business — At the height of the pandemic, as the coronavirus infected tens of thousands of meat industry workers and caused hundreds to die, executives at the nation’s largest meat producers were aware of the transmission risk in their plants and successfully lobbied the Trump White House and the USDA to circumvent…