The chip shortage is getting worse

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The chip shortage is getting worse

Now, the impact of the supply crunch is spreading to consumer tech. Apple CEO Tim Cook warned last week that a limited supply of semiconductors would hurt sales of iPhones. Microsoft is struggling to make enough Xbox consoles and Surface laptops.
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Big banks are starting to push back their return to offices in response to Delta variant

Wells Fargo on Thursday said it would push back the reopening of its offices by about a month to early October, making it the biggest bank yet to shift gears because of rising Covid-19 cases. And BlackRock, the world’s largest asset manager, is also delaying …
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Shocked Investors Scour Xi's Old Speeches to Find Next Target

Shocked Investors Scour Xi's Old Speeches to Find Next Target. Bloomberg News. August 4, 2021, 3:18 AM PDT. Giving the
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Target And Walmart Are Offering Free College Tuition To Attract And Retain Workers

Businesses can’t find workers. An onslaught of events and changes in circumstances including the fear of catching Covid-19, the sudden surge of the Delta variant, a desire to leave low-paying retail and food services jobs, child-care issues, worries of what to …
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Lufthansa narrows quarterly loss, records positive cash flow

The group, which also owns Eurowings, Swiss, Brussels and Austrian Airlines, said its adjusted operating loss narrowed to €952 million euros, down 43% from a year earlier and lower than the €971 million forecast on average in a company-provided poll.
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