Service

The K-shaped holidays: The affluent are spending more as the poor cut back

3 days ago   |   By Fortune

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Low-paid service workers were the most likely to see their jobs cut during the pandemic. That lopsided economic blow has created something of a K-shaped economy, where the poor are worse off while the affluent, in many cases, are seeing their net worths increase thanks to a record stock market .
But is the uneven COVID-19 economy translating into a divided holiday season? To find out, Fortune and Civis Analytics teamed up to survey 10,063 adults in the U.S...
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She's pushing a green, digital, diverse future. And this CEO doesn't care who the president is

She's pushing a green, digital, diverse future. And this CEO doesn't care who the president is

4 days ago   |   By Fortune

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today .
When Helle Østergaard Kristiansen joined the Danish energy trader Danske Commodities a decade ago, the executive admits it was something of a different world.
“First of all, the energy market was not as liberalized as it is today. The production side was very, very different,” she says. “Because we didn't have the renewable mix we have today.”
Margins were higher, because the competition was lower. The trading was different: more conventional, less digital. Now...
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China's Sinopharm has applied for regulatory approval to launch a COVID-19...

China's Sinopharm has applied for regulatory approval to launch a COVID-19 vaccine for public use, but nearly 1 million people have already taken experimental shots

Summary List Placement Chinese pharmaceutical giant Sinopharm on Tuesday sought government approval to officially bring its coronavirus vaccines to market, but close to a... Read more ...

Disney To Lay Off 32,000 Workers As Coronavirus Pandemic Hits Theme Parks

Disney To Lay Off 32,000 Workers As Coronavirus Pandemic Hits Theme Parks

The layoffs will be in the first half of 2021, the company said in a filing with the Securities and Exchange Commission. Read more ...

We found the best Black Friday Apple deals live now on Thanksgiving: Save...

We found the best Black Friday Apple deals live now on Thanksgiving: Save big on Airpods, iPhones, iPads, and more in 2020

Summary List Placement The best Apple Black Friday deals include discounts on iPhones, AirPods, iPads, and Apple Watches. The $250 AirPods Pro are available for a low price of... Read more ...

London Short-term Rental Occupancy Rebounds in October

London Short-term Rental Occupancy Rebounds in October

The short-term rental segment in London reported occupancy in October reached 62.4%, a 5.9% increase from September. Read more ...

3 tricks I've been using for years to keep from spending too much - or too...

3 tricks I've been using for years to keep from spending too much - or too little - on gifts

Summary List Placement Between my large family and multiple birthdays to celebrate, my holiday spending can easily get out of control. I've been using a few strategies to keep... Read more ...

Week Ending November 21st U.S. Hotel Occupancy at 41.2 Percent Slipped...

Week Ending November 21st U.S. Hotel Occupancy at 41.2 Percent Slipped Further from Previous Weeks

U.S. hotel occupancy dropped 32.6% to 41.2% during the week of 15-21 November. ADR fell 29% to $88.54 and RevPAR declined 52.2% to $36.45. Read more ...

REVEALED: How much Tesla, Rivian, and Nikola pay their employees, from...

REVEALED: How much Tesla, Rivian, and Nikola pay their employees, from engineers to managers

Summary List Placement A new generation of electric-vehicle startups is competing with Tesla for talent, in some cases recruiting employees away from the electric-car... Read more ...

The head of the US government program tasked with getting the country...

The head of the US government program tasked with getting the country vaccines said he will probably quit by early next year - before most Americans can get a shot

Summary List Placement The official in charge of the US government program tasked with helping develop and roll out a vaccine for the country has said that he may leave his... Read more ...

Meet the Thanksgiving Lobby - the special interests with Turkey Day money on...

Meet the Thanksgiving Lobby - the special interests with Turkey Day money on their minds

Summary List Placement Every interest in the country seems to have a lobbyist working for it in Washington. So why not the most American of holidays - Thanksgiving? If it's on... Read more ...

The stock-market impact of millennial investors has gotten overblown amid...

The stock-market impact of millennial investors has gotten overblown amid declining trading volumes - and it's actually the older crowd that's exerted more influence, JPMorgan says

Summary List Placement Older retail investors were "partly responsible" for the market's price swings through October and November, while younger traders played "a rather... Read more ...