Wednesday, August 3, 2022

Business Report: Job openings slide in June as inflation rages, interest rates surge

August 3, 2022: Taco Bell says it will bring back Mexican Pizza after halting sales
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Job openings slide in June as inflation rages, interest rates surge
The number of Americans quitting their jobs fell slightly but remained high at 4.2 million in June.
Taco Bell says it will bring back Mexican Pizza after halting sales
The Yum! Brands-owned chain said it was bringing back Mexican Pizza after demand for the product surged earlier this year.
Uber shares soar as quarterly revenue more than doubles to $8B
Passengers took a total of 1.87 billion trips on Uber during the spring and early summer, a 24% increase compared with the same time last…
NY won't recover all pre-pandemic jobs until 2026: Hochul
New York was the nation's hardest hit epicenter of the initial COVID-19 outbreak in 2020, disrupting much of the Big Apple's economy.

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Robinhood slashing workforce again — this time by 23%
Robinhood had already slashed 9% of its workforce in April.
US faces 'L-shaped' recession as Fed scrambles to tame inflation: analyst
A Credit Suisse analyst pushed back on investor hopes that the worst of inflation is behind us and the Fed will start lowering interest rates.
NYC restaurant maven expands eatery empire to Tribeca with Smyth Tavern
John McDonald, who launched his first hit, MercBar, in Soho in 1993, is opening Smyth Tavern this week in Tribeca.

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