Weekend Substitute News Roundup January 13, 2024

Most Harlan Coben novels adapted into TV series shoot to the top of Netflix’s chart upon release, and the latest adaptation is no different. The eight-episode series derived from the American thriller author’s eponymous 2016 American novelFool Me Once catapulted to the number 1 spot among Netflix TV series, according to Jan. 8 data from FlixPatrol rankings. – Ananya Bhattacharya Read More

The US Department of Labor (DOL) on Tuesday (Jan. 9) finalized a new rule that will make it more difficult for employers to classify their workers as independent contractors. The change means that millions of working Americans may now be eligible for overtime pay, insurance benefits, and protections for unionization efforts. – Laura Bratton Read More

3M will freeze its US pension plans for non-union US workers in five years. The pass, efficient Dec. 31, 2028, applies to both 3M and its original healthcare spinoff, Solventum, the firm talked about on Jan. 8. – Ananya Bhattacharya Read More

After the pandemic began, prices for the whole lot began going up—and rapid. Covid-19 may maybe perhaps perhaps furthermore absorb killed personnel, depressed financial remark, and thrown the total planet into an existential disaster, but vaccines for the virus may maybe perhaps perhaps furthermore as properly had been a shot in the arm for world spending. Folk wished to originate up shopping stuff every other time, and they had the money to realize so—but jammed-up supply chains and shortages of raw materials meant that there was a angry toddle for whatever may maybe perhaps perhaps furthermore very properly be cobbled together and shipped out the door. Ensuing from this truth: US inflation, which peaked at a 8.9% Three hundred and sixty five days-over-Three hundred and sixty five days leap in June 2022. – Melvin Backman Read More

It’s a great time to be in the US labor force, but personnel in obvious cities are benefiting extra than others. Among larger metropolitan areas with out a longer much less than 1 million residents, Jacksonville, Florida; Raleigh, North Carolina; and Las Vegas, Nevada seen the splendid definite adjustments in employment from November 2022 via 2023, constant with a report from the US Bureau of Labor Statistics (BLS) launched onMonday (Jan. 8). – Laura Bratton Read More

A rising diplomatic rift between India and its closest neighbor, the Maldives, may also affect how Indian beachgoers travel in 2024. When Indian prime minister Narendra Modi recently visited Lakshadweep—the archipelago of 36 islands that is his nation’s smallest union territory—instead of the Maldives, a handful of Maldivian ministers mocked his trip with “anti-India” remarks about uncleanliness, smelly rooms, and open defecation. – Ananya Bhattacharya Read More

One of the hottest brands on Wall Street is…Abercrombie & Fitch? The mall brand, which has contended with a #MeToo reckoning, the ongoing decline of the mall, and the rise of fast fashion, among other challenges, saw its best annual stock performance ever last year. – Melvin Backman Read More

It’s the irony of our original financial age. Globalization introduced with it elongated supply chains, as manufacturing and production had been moved across oceans and continents. And now, a retreat from unrestrained offshoring (a trend some refer to as deglobalization or regionalization) appears to be making supply chains even longer. – Mary Hui Read More

PepsiCo is insisting that it was the one who initiated an inflation-fueled contretemps with French grocery giant Carrefour, no longer the alternative formula spherical. Despite the indisputable truth that Carrefour talked about closing week that it had made up our minds to tug Pepsi merchandise off its shelves in France, Italy, Spain, and Belgium because they had been getting too costly too rapid, the Wall Highway Journal reported Monday (Jan. 8) that Pepsi had made up our minds to terminate. – Melvin Backman Read More

In 2022, the world realized the value of what you gain when the boundaries between the physical world and the internet blur: the metaverse. By 2023, a range of people had even been ready to wrap their heads around the idea. However, as 2024 gets underway, the metaverse economy as it has been imagined hasn’t taken off. – Morgan Haefner Read More