Applied Industrial Technologies Q4 Profit Jumps As Revenue Grows; 2023 EPS Above View

Applied Industrial Technologies (AIT), a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, on Thursday reported a spurt in net income for the fourth quarter on more-than-expected revenues. Net income for the period was $79.1 million or $2.02 per share as compared to $59.2 million or $1.51 per share […]

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Chipotle To Pay New York City Employees $20 Mln As Compensation

New York City Mayor Eric Adams and city officials said on Tuesday that restaurant chain Chipotle Mexican Grill, Inc. (CMG) has agreed to pay around $20 million to nearly 13,000 workers for violating their right to predictable schedules and paid sick leave. The mayor’s office said that this is the largest fair workweek settlement in the United States and the […]

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Inflation is still wiping out the average Americans' wage gains

video Inflation will be a ‘major issue’ for some time: Former Kansas City Fed president Former Kansas City Federal Reserve President and CEO Thomas Hoenig forecasts what the Federal Reserve will do next following the latest inflation data. The white-hot job market is fueling rapid wage growth for millions of Americans, but the worst inflation in nearly four decades quickly […]

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SpaceX launches more satellites for its internet constellation

New York (CNN Business)The US government plans to give SpaceX nearly a billion dollars to beam internet from space to people across rural America, where three out of five people say access to broadband is still a pressing issue. The company will receive a total of $856 million, one of the largest subsidies handed out by the Federal Communications Commission […]

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The three food lessons Putin’s war has taught us

When 26,500 tonnes of corn sailed out of the port of Odesa this week — the first agricultural export from Ukraine since Russia’s invasion — many food security experts breathed a sigh of relief. The news, combined with the falling cost of wheat after global prices had nearly doubled, has investors and policymakers wondering whether the threat of global food […]

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Democrats named massive spending bill ‘Inflation Reduction Act’ to ‘gaslight’ Americans: Missouri Treasurer

video Democrats named the massive spending bill ‘Inflation Reduction Act’ to ‘gaslight’ Americans: Missouri state treasurer Missouri State Treasurer Scott Fitzpatrick breaks down the problematic economic elements of Democrats’ ‘Inflation Reduction Act’ on ‘Cavuto: Coast to Coast.’ During an interview on "Cavuto: Coast to Coast," Wednesday, Missouri State Treasurer Scott Fitzpatrick provides perspective on Democrats' attempt to reduce painful inflation […]

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Raging villagers put up FAKE speed cameras outside their homes to slow down speeding drivers | The Sun

FURIOUS residents of a rural village have put up fake speed cameras outside their homes to slow down speeding drivers. The villagers of Shurdington, Gloucestershire say they are sick of reckless drivers screaming down the road at 80mph despite the speed limit being 30. The fake cameras appeared on Saturday night and were, in fact, shoeboxes painted yellow with black […]

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Social Security Could Run Out of Money

Almost 70 million Americans receive payments from programs operated by the Social Security Administration. For years, there have been worries that the fund would run out of money. Those fears were heightened recently by comments from the trustees of the Social Security and Medicare trust funds, who reported that the Old-Age and Survivors Insurance (OASI) Trust Fund “will be able […]

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