Dunkin’ Plans To Hire About 25,000 Employees

Dunkin’ Brands said it plans to hire up to 25,000 new employees at its restaurants as the U.S. economy begins to reopen from coronavirus-induced lockdowns. The jobs will range from front-counter to restaurant management, the coffee and baked goods chain noted. Dunkin’s hiring spree comes even as the restaurant industry, the second-largest private-sector employer in the U.S., is among the […]

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How COVID-19 derailed govt’s plan on GDP and CPI

The revision of the consumer price index and GDP base years from 2011-12 and 2012, respectively, were dependent on the outcomes of the consumer expenditure survey of 2017-18 that the government decided to junk recently. The recession forecast caused by the COVID-19 pandemic has derailed the government’s plans to carry out the consumer expenditure survey in 2020-21, further delaying the […]

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Pressure on Corporate America to act on racial inequality

New York (CNN Business)CrossFit CEO Greg Glassman has apologized for his controversial tweets, in which he criticized the Institute for Health Metrics and Evaluation’s statement that racism is a public health issue. “Floyd-19,” Glassman replied Saturday. In a follow-up tweet, Glassman said the health research institute’s coronavirus model “failed,” and he criticized it for modeling a “solution to racism.” It's […]

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Remdesivir drug offers hope to some Covid-19 patients

(CNN)A five-day course of the antiviral drug remdesivir sped recovery in moderately ill patients with pneumonia from Covid-19, drugmaker Gilead Sciences announced in a statement Monday. It’s more evidence that the drug can help patients, however outside experts are not calling this a “game changer” quite yet. Coronavirus patients who were hospitalized, but not sick enough to need oxygen from […]

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Target, Walmart, CVS Close Stores Amid George Floyd Protests

Many retailers including Target, Walmart and CVS announced temporary store closures in various regions across the United States following violence and looting amid the unrest related to the death of George Floyd. The street protests, some peaceful and some violent, erupted across the nation after Floyd was mercilessly killed by Minnesota police. Target, which is based in Minneapolis, said it […]

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Current fiscal deficit may go up to 5.3% of GDP: CEA

‘Given the 50 per cent or thereabouts increase in borrowing that has been announced, it is a reasonable estimate to say that at this time, an increase of 1.7-1.8 per cent on the 3.5 per cent budgeted fiscal deficit target is being anticipated,’ Chief Economic Adviser Krishnamurthy Subramanian said on Friday.  Chief Economic Advisor Krishnamurthy Subramanian told Business Standard on […]

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Lobsters at center of Trump’s latest tariff battles with EU, China

Investors relieved America is staying in China trade deal FOX Business’ Blake Burman discusses what President Trump announced during his press conference about China, including Hong Kong and coronavirus. President Trump was in Maine meeting with commercial fishermen on Friday where he threatened to slap tariffs on auto imports from the European Union if they did not drop tariffs on U.S. […]

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WGA Inclusion Report: Female And Underrepresented TV Writers “Could Achieve Parity” In Two Years If Gains Continue

Citing steady gains for women and underrepresented TV writers over the past five years, the latest WGA West Inclusion Report released Friday said that “If these trends continue, women and people of color could achieve parity in TV employment within the next two years.” The report, however, noted that “In spite of this progress, systemic discrimination against writers from underrepresented […]

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