Business

2021-02-19 22:12:03
by Victoria Turner
Robinhood in the Hot Seat

The decision by the online brokerage firm Robinhood to impose restrictions on customer trading at the high point of last... Read More

The decision by the online brokerage firm Robinhood to impose restrictions on customer trading at the high point of last month’s online trading frenzy was brought under scrutiny at Thursday’s hearing of the House Financial Services Committee. While Robinhood insists... Read More

2021-02-19 19:43:33
by TWN Staff
CED Report Reveals Severity of America’s Deteriorating Infrastructure

WASHINGTON - Neglected for too long, America’s severe infrastructure needs must finally be placed at the top of the U.S.... Read More

WASHINGTON - Neglected for too long, America’s severe infrastructure needs must finally be placed at the top of the U.S. policy agenda, the Committee for Economic Development of The Conference Board said Thursday. A new, comprehensive report, offers several policy recommendations... Read More

2021-02-17 17:02:32
by Victoria Turner
Panelists Call for Industrial Policy to Counter China’s Party-State Economic Approach

The proposal for a national industrial policy took the stage Tuesday as a panel of experts grappled with how the... Read More

The proposal for a national industrial policy took the stage Tuesday as a panel of experts grappled with how the U.S. government should respond to the increasing challenges posed by China’s “party-state capitalism.”  Panelists discussed the increased global growth of... Read More

2021-02-16 21:19:18
by TWN Staff
ROKK Solutions and Engagious Launch Strategic Partnership

Leading bipartisan public affairs firm ROKK Solutions and the widely-respected research firm Engagious are joining forces to offer a potent combination of communications and research... Read More

Leading bipartisan public affairs firm ROKK Solutions and the widely-respected research firm Engagious are joining forces to offer a potent combination of communications and research capabilities to help organizations win their public policy campaigns. The newly announced strategic partnership will allow the two firms to... Read More

2021-02-16 21:18:10
by TWN Staff
Restaurants Urge Congress to Forgo Minimum Wage Hike

The National Restaurant Association is urging Congress not to increase the federal minimum wage as part of President Joe Biden's... Read More

The National Restaurant Association is urging Congress not to increase the federal minimum wage as part of President Joe Biden's $1.9 trillion COVID relief package. The association said in a letter sent to congressional leaders Tuesday that fast-tracking a minimum... Read More

2021-02-12 21:16:10
by Victoria Turner
Black-Owned Businesses Lack Resources Amid Pandemic

The pandemic has made clear that broadband access goes hand-in-hand with economic opportunity, exposing the inequities and lack of resources... Read More

The pandemic has made clear that broadband access goes hand-in-hand with economic opportunity, exposing the inequities and lack of resources for black-owned businesses across the country, according to Commissioner Geoffrey Starks of the Federal Communications Commission. Since the onset of... Read More

2021-02-12 20:55:07
by Reece Nations
Blockchain Could Move Cryptocurrency to Pivotal Place in Economies

Cryptocurrencies have the potential to decentralize systems of commerce across the world, leading to vast peer-to-peer markets absent of manipulation.  ... Read More

Cryptocurrencies have the potential to decentralize systems of commerce across the world, leading to vast peer-to-peer markets absent of manipulation.   In order for this to come to fruition, Sheila Warren, head of data, blockchain and digital assets and member of... Read More

2021-02-12 20:51:42
by Kate Michael
Public/Private Plans for ‘Upskilling’ the Workforce

WASHINGTON — The work environment during COVID has demonstrated an increased need for technical expertise in the workforce. A report... Read More

WASHINGTON — The work environment during COVID has demonstrated an increased need for technical expertise in the workforce. A report from the World Economic Forum offers that by 2022 — just next year — half of employees will require significant... Read More

Pandemic Fever Got You Down? Smash Up Stuff at The Rage Room

WESTLAKE VILLAGE, Calif. (AP) — After nearly a year of being trapped in pandemic isolation, some people just want to... Read More

WESTLAKE VILLAGE, Calif. (AP) — After nearly a year of being trapped in pandemic isolation, some people just want to pick up a sledgehammer and smash something to smithereens."That felt good," sweating insurance executive Josh Elohim said after reducing a... Read More

2021-02-11 19:39:32
by TWN Staff
Pappas Leads Bipartisan Call For Support for New Hampshire’s Seacoast

WASHINGTON - Rep. Chris Pappas, D-N.H., led a group of 10 lawmakers this week in a bipartisan call for $100... Read More

WASHINGTON - Rep. Chris Pappas, D-N.H., led a group of 10 lawmakers this week in a bipartisan call for $100 million in funding for the National Sea Grant College Program in the next COVID relief package. Since the beginning of... Read More

Lockdowns Weigh on German Beer Sales, Hurt Small Brewers

COLOGNE, Germany (AP) — Bars have been closed for more than three months, Carnival celebrations are canceled, and it's not... Read More

COLOGNE, Germany (AP) — Bars have been closed for more than three months, Carnival celebrations are canceled, and it's not clear when things will get better in Germany. That has left the boss of Brauerei Heller, an organic brewery in... Read More

2021-02-08 17:10:37
by Reece Nations
Comcast‌ ‌Announces‌ ‌Plans‌ ‌to‌ ‌‘Accelerate’‌ ‌Digital‌ ‌Equity‌ ‌Efforts‌ ‌

PHILADELPHIA — Comcast announced the company would escalate its commitment to address digital equity by closing the digital divide through... Read More

PHILADELPHIA — Comcast announced the company would escalate its commitment to address digital equity by closing the digital divide through addressing digital literacy and the homework gap. Since 2011, Comcast has facilitated the largest low-cost Internet adoption program for low-income... Read More

2021-02-04 20:33:25
by Reece Nations
Oregon Timber Talks Underway, Habitat Conservation Plan in Development

SALEM, Ore. — Oregon Gov. Kate Brown announced the first of a series of negotiations Wednesday in a collaborative effort... Read More

SALEM, Ore. — Oregon Gov. Kate Brown announced the first of a series of negotiations Wednesday in a collaborative effort between conservation leaders, fishing organizations and forestry representatives to adapt statewide forest practices.  Brown brokered an agreement between the conservation... Read More

Businesses Face Hard Decisions on Whether, When to Hire

NEW YORK (AP) — As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners... Read More

NEW YORK (AP) — As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees. The pandemic forced Meghan Gardner to let go... Read More

Jeff Bezos, Amazon's Founder, Will Step Down as CEO

NEW YORK (AP) — Jeff Bezos, who founded Amazon and turned into an online shopping behemoth, is stepping down as... Read More

NEW YORK (AP) — Jeff Bezos, who founded Amazon and turned into an online shopping behemoth, is stepping down as the company's CEO, a role he's had for nearly 30 years. He'll be replaced in the fall by Andy Jassy,... Read More

2021-02-02 16:00:02
by Victoria Turner
Federal Reserve Bank Presidents Call for 'Rethinking' of Job Flexibility

The pandemic has exacerbated deep-rooted issues in the structure of jobs. The need to “rethink” the future-of-work to incorporate flexibility... Read More

The pandemic has exacerbated deep-rooted issues in the structure of jobs. The need to “rethink” the future-of-work to incorporate flexibility and employee needs came to the limelight during a fireside chat between the presidents of two Federal Reserve Banks on... Read More

Fight The Man: What GameStop's Surge Says About Online Mobs

It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of... Read More

It's a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of... Read More

Search is on For New Leaders in Journalism's Upper Echelons

NEW YORK (AP) — The “help wanted” list for top management jobs in journalism is suddenly getting very long. Searches... Read More

NEW YORK (AP) — The “help wanted” list for top management jobs in journalism is suddenly getting very long. Searches for new leaders at brand names like The Washington Post, ABC News and the Los Angeles Times are coming at... Read More

US Consumer Spending Fell 0.2% in December in Face of Virus

WASHINGTON (AP) — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in... Read More

WASHINGTON (AP) — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic. The decline reported Friday by... Read More

2021-01-27 21:42:23
by Daniel Mollenkamp
Merck Halts Work on Vaccine, Moderna Delivers 30.4 Million Doses to Feds

Merck has withdrawn from the sprint to produce coronavirus vaccines after its two candidates failed to achieve strong results in... Read More

Merck has withdrawn from the sprint to produce coronavirus vaccines after its two candidates failed to achieve strong results in preliminary trials. The first phase of clinical studies showed that even though the vaccine candidates were "well tolerated" the immune... Read More

2021-01-26 20:24:03
by Tom Ramstack
Biden’s Buy American Order Gets Mixed Industry Reaction

WASHINGTON -- President Joe Biden’s executive order Monday to boost American manufacturing is receiving a warm welcome from some major... Read More

WASHINGTON -- President Joe Biden’s executive order Monday to boost American manufacturing is receiving a warm welcome from some major industry associations but words of caution from U.S. trade partners. The order requires federal agencies to purchase more of their... Read More

2021-01-25 17:26:48
by Kate Michael
U.S. Push For Electric Vehicles for Emergency, Economy, Environment

WASHINGTON — President Biden’s early agenda shows sustainability enjoying the highest priority it has ever received. Yet analysts wonder how... Read More

WASHINGTON — President Biden’s early agenda shows sustainability enjoying the highest priority it has ever received. Yet analysts wonder how this focus on the environment will affect America’s economy. Take, for example, the automobile industry. The manufacture and sale of... Read More

Judge Says Amazon Won't Have to Restore Parler Web Service

Amazon won't be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea... Read More

Amazon won't be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favored by followers of former President Donald Trump. U.S. District Judge... Read More

2021-01-21 17:04:31
by Dan McCue
Indoor Dining to Resume in the District of Columbia at 25% Capacity

WASHINGTON - Restaurants in the District of Columbia will be able to resume indoor dining at 25% capacity beginning early... Read More

WASHINGTON - Restaurants in the District of Columbia will be able to resume indoor dining at 25% capacity beginning early Friday morning, the chief of staff for Mayor Muriel Bowser said. In a post to his Twitter account, John Falcicchio,... Read More

2021-01-15 19:55:21
by Sara Wilkerson
Utility Develops Sustainable Framework for Net Zero Future

This week, Southern Company, an energy company serving nine million customers throughout the country, announced that it has developed a... Read More

This week, Southern Company, an energy company serving nine million customers throughout the country, announced that it has developed a sustainable financing framework that will allow the company and its subsidiaries to issue bond investments for eligible sustainable projects.  Southern... Read More

2021-01-14 18:55:40
by Dan McCue
We The Pizza, Others Providing Comfort Food to National Guard Protecting Capitol

WASHINGTON — The boxes were recognizable to anyone who has spent a little time on Capitol Hill. Even from a... Read More

WASHINGTON — The boxes were recognizable to anyone who has spent a little time on Capitol Hill. Even from a distance, the white circle and black star emblazoned on the box inspired mouth-watering visions of sauce and melted cheese to... Read More

NYSE Withdraws Plans to Delist 3 Chinese Phone Carriers

NEW YORK (AP) — The New York Stock Exchange says it is withdrawing plans to remove shares of three Chinese... Read More

NEW YORK (AP) — The New York Stock Exchange says it is withdrawing plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump. The exchange cited “further consultation” with U.S. regulators but gave... Read More

2020-12-23 17:08:34
by Kate Michael
The Future of Labor Law in the Post-COVID Economy

WASHINGTON — Labor law is constantly evolving. Early 2020 alone saw changes to federal overtime rules, 21 states increasing their... Read More

WASHINGTON — Labor law is constantly evolving. Early 2020 alone saw changes to federal overtime rules, 21 states increasing their minimum wage provisions, and the Department of Labor finally allowing H-2B job opportunities to be posted to its website. And... Read More

2020-12-23 17:05:15
by Dan McCue
Foundation Opens Door to ‘Whole Different World’ for Children with Ultra Rare Diseases

WASHINGTON - It began as a story no new parent wants to tell. "I always say that the day my... Read More

WASHINGTON - It began as a story no new parent wants to tell. "I always say that the day my daughter was born was the happiest day of my life, because that was the only day I didn't worry about... Read More

Pfizer, BioNTech COVID Vaccine Wins European Backing

Pfizer Inc. and BioNTech SE’s COVID-19 vaccine won the backing of the European medicines regulator, clearing the way for inoculations... Read More

Pfizer Inc. and BioNTech SE’s COVID-19 vaccine won the backing of the European medicines regulator, clearing the way for inoculations to start before the end of the year as the continent struggles with rising death rates and tighter lockdowns. The... Read More

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