Economy
Andy Jassy probably shouldn’t take it personally. Amazon . com’s new-ish chief executive led his first annual meeting for the company on Wednesday. He was greeted with 15 shareholder-sponsored proposals—the most Amazon has ever faced. The company unsurprisingly recommended “no” votes on all the measures, and almost as unsurprisingly, none actually passed.
Why have Sri Lanka’s tea exports plummeted? | The Hindu The Hindu
Apple, Inc. AAPL has reportedly followed up on its February pay increases for its store employees with another. What Happened: Cupertino is raising salaries for store employees in the U.S. by 10% or more, to at least $22 per hour, the Wall Street Journal reported, citing an email from the company to workers. See Also: How To Buy … Read more
3 Solutions VP of Public Policy Nick Loris discusses how inflation is deeply impacting Americans ahead of the summer season. As gas prices are expected to hit a record high ahead of the Memorial Day weekend and summer season, an energy economist argued that Americans have “accepted” the costs amid demand for more travel. “This … Read more
Rishi Sunak announces £5bn windfall tax on energy firms to ease cost of living crisis Guardian News
What to do if you’ve been scammed by a contractor. Slate
LOS ANGELES (AP) — To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country. For Marvin Harper, of Phoenix, his family’s weekend travel plans are a double … Read more
FOX Business’ Jeff Flock speaks to Jersey Shore businesses and travel experts on how inflationary prices impact tourism and the economy. From beach chairs to cheese balls, to rides and henna tattoos – if you’re planning a visit to the Jersey Shore this summer, get ready to pay more. The city of Seaside Heights, New … Read more
A truck driver explains what he’s doing to deal with the surge in prices. U.S. truckers discussed the “unprecedented” diesel price surge on Thursday, noting that the situation is posing a real crunch for drivers and explained what they are doing to try and alleviate the burden. “It’s an unprecedented first time that we’ve seen this … Read more
VC firm Sequoia’s warning: Cut costs, preserve cash CNBC Television Sequoia coaches start-ups to cut costs or face a ‘death spiral’ amid stock market slump, bleak economic backdrop CNBC Sequoia Capital Warns Founders After ‘Crucible Moment’ Bloomberg 5 takeaways from Sequoia’s “Adapting to Endure” presentation Fast Company Sequoia Capital sees a prolonged downturn, urges startups to save cash Markets Insider … Read more