Amazon’s consumer chief says hiring remains a “challenge” in “very tight” labor market

Amazon’s consumer chief says hiring remains a “challenge” in “very tight” labor market

Washington — Dave Clark, the CEO of Amazon’s Worldwide Consumer business, said Sunday that the “very tight” labor market poses a “challenge” for the world’s largest online retailer, despite thousands of new hires joining the company during the holiday season. In an interview with “Face the Nation,” Clark said Amazon has nonetheless had “great success” in…

Supply Chain Shortages Help a North Carolina Furniture Town

Supply Chain Shortages Help a North Carolina Furniture Town

HICKORY, N.C. — Six months into the coronavirus pandemic, as millions of workers lost their jobs and companies fretted about their economic future, something unexpected happened at Hancock & Moore, a purveyor of custom-upholstered leather couches and chairs in this small North Carolina town. Orders began pouring in. Families stuck at home had decided to…

Unionized workers fight for better pay and benefits in post-pandemic economy

Unionized workers fight for better pay and benefits in post-pandemic economy

Omaha, Nebraska — Part of America’s Great Resignation is a Great Repudiation — workers are rising up and demanding better, as businesses struggle to find enough people to fill open positions.  A strike by more than 1,000 Kellogg’s plant workers is in its seventh week. There are ongoing walkouts by coal miners in Alabama. Health…

Pfizer testing its vaccine against new COVID-19 strain

Pfizer testing its vaccine against new COVID-19 strain

Pfizer said Friday that it can produce a COVID-19 vaccine for the new virus strain identified in South Africa in “approximately 100 days,” subject to government regulatory approval. The pharmaceutical firm said in a statement to CBS MoneyWatch that its researchers are now conducting tests to see if the company’s existing vaccine is effective against the variant,…

Dow plunges 1,000 points as new COVID-19 variant stokes finacial fears

Dow plunges 1,000 points as new COVID-19 variant stokes finacial fears

Stocks fell precipitously on Friday, rattled by news of a new coronavirus variant that led several countries to impose travel restrictions. The Dow plunged more than 1,000 points, or 2.8%, falling below 34,800 in morning trade. The S&P 500 dropped 2.3%, the index’s biggest retreat since February, and the tech-heavy Nasdaq lost 2.1%. Investors were…

String of smash-and-grab thefts in California continues at Los Angeles Nordstrom store

String of smash-and-grab thefts in California continues at Los Angeles Nordstrom store

Thieves rushed into a Southern California Nordstrom store the night before Thanksgiving and ran off with pricey goods in the latest of a string of organized retail thefts. Five people, one wearing an orange wig, entered the open store shortly before 7 p.m. Wednesday at the Westfield Topanga Mall in the Canoga Park area of…

Stock futures tumble on fears over new coronavirus variant

Stock futures tumble on fears over new coronavirus variant

Stocks and oil prices plunged Friday after health officials in South Africa said they have detected a new coronavirus variant linked to a spike in COVID-19 cases.  The variant, known as B.1.1.529, has spread rapidly among young people in Gauteng, the country’s most populous province, Health Minister Joe Phaahla announced Thursday. He said B.1.1.529 is a concern…