McDonald’s franchisees worry new grading system will alienate workers

McDonald’s franchise owners are expressing concern and frustration over a new grading system the fast food giant is planning to roll out early next year, with some saying it is poor timing due to unprecedented pressures in the workforce. The company plans to enact the system, called Operations PACE, which stands for Performance and Customer … Read more

How Citizens Financial used an iPhone plan to create a nationwide digital bank

Citizens Financial Group Inc. launched its Citizens Pay iPhone upgrade plan in 2015 as an early form of the buy-now-pay-later concept that’s in vogue in the payments space. The idea was to take the Citizens CFG, -1.22% brand as a credit provider and combine it with Apple’s AAPL, +2.61% iPhone to help customers avoid waiting … Read more

Why is there a union boom?

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in the Staten Island borough of New York, US, on Sunday, April 24, 2022. Victor J. Blue | Bloomberg | Getty Images After years of declining influence, unions are having a … Read more

Labor agency says Amazon union’s meeting complaints have merit

Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, US March 25, 2022. Brendan Mcdermid | Reuters The National Labor Relations Board has found merit in a union charge that Amazon violated labor law in New York City’s Staten … Read more

Starbucks says it’s ‘deeply concerned’ White House met union without them

New York CNN Business — Starbucks isn’t pleased that the White House left management out of a meeting with union representatives. On Thursday, union organizers representing workers at Starbucks, REI and Amazon, among others, met with Vice President Kamala Harris and Labor Secretary Marty Walsh at the White House. President Joe Biden also stopped by … Read more

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, NY, issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National … Read more

Jim Cramer says to buy selectively to beat the current market turmoil

CNBC’s Jim Cramer on Thursday said that investors looking to successfully navigate a market roiled by inflation, geopolitical concerns and Covid should do two things: buy discriminately and be inquisitive. “It’s hard to be curious. … But over the long-haul, curiosity tends to be a much better bet [than panic]. Right now, I think a … Read more

From Estee Lauder to Apple, China’s Covid restrictions take their toll

Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16. CFOTO | Future Publishing | Getty Images BEIJING — Several international corporations warned in the last week the drag from China’s … Read more

Uber, Brinker, Generac and more

Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow. Brinker International (EAT) – The parent of Chili’s and other restaurant … Read more

Starbucks to hike wages, double training for workers amid union push

A Starbucks barista fulfills an order in a South Philadelphia store. Mark Makela | Reuters Starbucks said it will hike wages for tenured workers and double training for new employees as the company and its CEO, Howard Schultz, seek to beat back the union push from its baristas. However, the coffee giant will not offer … Read more