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Editor's note: Below you'll find the week 87 release of the NYC Recovery Index, originally published May 3, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index declined in the week ending April 23, 2022, falling just over a point to close at 74 out of 100, with all major components of the index recording a weekly decline. COVID-19 hospitalization rates continued to rise, along with an uptick in unemployment insurance claims. Home sales, rental vacancies, subway ridership, and restaurant reservations all declined compared to the week of April 16. On a positive note, home sales and UI claims remain fully recovered, with pending home sales still considerably above pre-pandemic levels. New York City’s economic recovery stands at a score of 74 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is just … [Read more...] about The New York City Recovery Index: May 2

Share to Twitter Share to Linkedin Supply chains and logistics were thrown into chaos during the pandemic, creating a number of challenges including trade disruptions, port congestion, and soaring freight rates. Brands selling and manufacturing furniture especially felt the strain caused by these delays. Delays and cancellations led to backlogs. Port bottlenecks emerged. But not all retailers were affected in the same way. For furniture brand Castlery , long lead times are one reason supply chain management has always been a priority for the business. “In furniture, where the products are not only bulky but non-standard size, efficient supply chain management is critical to ensure a seamless customer experience in terms of fulfillment and timely deliver,” said Declan Ee, Castlery’s co-founder. The past two years have been challenging for the furniture retail industry, and many manufacturers still haven't caught up with their backlogs. In … [Read more...] about How Furniture Brands And Manufacturers Are Coping With Ongoing Supply Chain Strain

Share to Twitter Share to Linkedin Las Vegas is back in full force. Mask mandates have been lifted and the destination is busier than ever. For those who are headed out to Sin City in the coming months, there are plenty of new spots to check out. From swanky supper clubs to a lounge inspired by Paris, there’s no shortage of options when it comes to food and drinks. There’s even a unique Cirque du Soleil show, plus many other activities for some family-friendly fun. And if you have a go-to hotel on the Strip, you may just be surprised with some recently renovated accommodations at one of your favorite properties. Below, a full look at what’s new in Las Vegas for this summer. Restaurants Delilah While Delilah opened mid-July of last year, this is one spot you can’t miss if you weren’t able to make it this past summer. The restaurant is a modern take on a supper club, but done so in a way that still recalls the 1950s. Guests descend an imperial staircase … [Read more...] about Here’s What’s New In Las Vegas For Summer 2022

Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work

Electric trucks in the pipeline are sending shares higher Tesla rival Nikola is building electric trucks with hydrogen fuel cells A lot of hype and promotion, but the market may not be large enough Nikola has to build a large hydrogen generation and fueling network Trucks are as American as Apple Pie or baseball. Ford launched the first factory-built pickup truck for farmers in 1925, and the company's F-Series has been America's best-selling vehicle for 38 straight years. We're hearing a lot about trucks lately, but these aren't your father's or grandfather's pickups. We're not even 100% certain they'll be yours. For one thing, most only exist as prototypes, digital images and specs at this point and not all may make it to market. Ford yesterday delayed its F-150 electric pickup truck launch to mid-2022. Yesterday Tesla's stock price tore past $1,000 after CEO Elon Musk told employees that it's time to "go all out" and bring the Tesla semi, unveiled in 2017, to volume … [Read more...] about Electric Truck Wars Heat Up

Share to Twitter Share to Linkedin Summer is upon us and Las Vegas is back in full swing. Following a lift on the mask mandate, casinos returning to 100 percent capacity, and just about everything with the exception of some shows back to regular operations, Sin City is ready to welcome visitors. Whether you’re coming into town for a bachelor or bachelorette party, to try your luck at the tables, or to get some pent-up energy out of your system, this is the perfect place to do it. Most of your favorite spots are still around, but in a city where everything is constantly evolving or changing, there are also several new places to hit up if you’re visiting soon. Read on to discover some of the latest restaurants, bars, attractions, and hotels worth visiting this summer in Las Vegas. Restaurants Night + Market James Beard semifinalist Kris Yenbamroong has brought his popular Night + Market from Los Angeles to the new Virgin Hotels Las Vegas and it … [Read more...] about Here’s What’s New In Las Vegas For Summer 2021

U.S. equity markets are continuing their rally as solid corporate earnings boost investor optimism. Chipotle Mexican Grill, Inc. ( CMG ) and Yum! Brands, Inc. ( YUM ) gained, as the Dow and Nasdaq are both up about 200 points. Key Takeaways U.S. stocks are higher, with the Nasdaq and S&P 500 each gaining more than 1% as solid corporate earnings boost investors' confidence. Investors are awaiting an earnings report from The Walt Disney Company ( DIS ). Crude oil reversed its earlier decline and is back above $90 per barrel. Bond yields declined. Better-than-expected financial reports from restaurant chains Chipotle and Yum!, along with food sciences firm FMC Corporation ( FMC ), are sending their shares higher. Shares are rising for media companies after Omnicom Group Inc. ( OMC ) reported profit that beat forecasts, and its shares are trading near all-time highs. Tech stocks are powering the Nasdaq's 1.5% gain. Meta Platforms, Inc. ( FB) shares … [Read more...] about U.S. Stock Surge Continues as Chipotle, Tech Shares Drive Gain

- A + A (May 16): As spiraling inflation spreads across the globe, emerging-market bonds from Turkey to Thailand are feeling the brunt. Local-currency debt from developing nations -- which is far more sensitive to a country’s domestic inflationary pressures than dollar denominated equivalents — has slumped almost 9% this year, the most since at least 2008, according to a Bloomberg index. There’s unlikely to be any relief soon as central bankers around the world attempt to control surging prices by raising interest rates even more aggressively — potentially risking growth in doing so. That certainly wasn’t the plan. Many developing economies led the charge in rate hikes last year, getting ahead of policy makers in the US and hoping to avoid a redux of the 2013 taper tantrum. But with inflation raging in the US and the strong dollar pressuring currencies elsewhere, these countries are now making a new rulebook. Policy makers across emerging nations are either … [Read more...] about Bond traders reel as inflation hits world’s emerging local debt

In March 2022, Fast Company reached out to 191 companies with a survey asking about their stance on abortion access, the policies they have in place around abortion care, and how they planned to respond to the forthcoming SCOTUS ruling. Our list of companies included the top 100 largest businesses by revenue, consumer-facing brands with workforces in states with restrictive abortion laws, and some of the largest companies by market cap in all 13 states with trigger bans. advertisement This is part of a series of articles on the business case for abortion access. See the full package here . The survey was conducted via Google Forms and emailed to people in the PR or communications department at each company. Questions included, Does your employee healthcare policy cover abortion care in states where that is legal?; Have your employees expressed concerns about abortion access and/or the impending Supreme Court decision on abortion?; and, If the Supreme Court … [Read more...] about Fast Company surveys nearly 200 companies about abortion access

Companies inattentive to innovation get left behind--or worse, fail altogether. While those of us over 40 fondly remember starting our weekends with a trip to the video store, for example, the experience pales in comparison to conveniently streaming blockbuster entertainment from the comfort of your couch. While hailing a cab in New York City was fun the first time, there's nothing like the certainty of watching the map on your screen as a dedicated driver heads your way to pick you up. In other words, though one experience may have delighted us initially, a more innovative--and perhaps industry altering--option could be waiting in the wings vying for our business. Successful brands are those that out-innovate the competition. They never settle for the status quo, always seeking the next differentiator for their category. They survive in today's highly competitive landscape by continually evolving to deliver better products, better services, and--most importantly--better customer … [Read more...] about The Secret Ingredient to Finding Your Next Million-Dollar Innovation Idea