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December 4, 2020

INDUSTRY

Hospitality industry sees job growth come to a halt, with little hope ahead

CNBC
CNBC – For more and to sign up click here Signs of hope for workers in the hard-hit leisure and hospitality field all but disappeared in November, and their prospects for getting rehired grow bleaker by the month. Friday’s jobs report showed yet another slowdown in U.S. hiring, with 245,000......

Restaurant industry loses jobs for the first time since April as new restrictions hit employment

CNBC
CNBC – For more and to sign up click here A waiter wearing a mask stands outside the Da Gennaro restaurant in Little Italy on November 15, 2020 in New York City. Alexi Rosenfeld | Getty Images The restaurant industry lost jobs for the first time since April as new......

WarnerMedia CEO Jason Kilar says he doesn’t think he just destroyed the movie theater industry

CNBC
CNBC – For more and to sign up click here Jason Kilar speaks at the Business Insider Ignition conference in New York, U.S., on Thursday, Dec. 2, 2010. Peter Foley | Bloomberg | Getty Images On Thursday, AT&T‘s WarnerMedia announced it would release its entire 2021 slate of films directly......

Airline industry is facing its biggest crisis ever, says flight attendant union president

CNBC
CNBC – For more and to sign up click here The airline industry is facing its biggest disaster ever as Capitol Hill hits another impasse over a coronavirus relief bill, said Sara Nelson, president of the Association of Flight Attendants-CWA. “We are experiencing a crisis that is bigger than all......

Ex-Ford CEO says auto industry is in ‘a sweet spot,’ expects strong 2021 sales

CNBC
CNBC – For more and to sign up click here Former Ford Motor CEO Mark Fields told CNBC on Tuesday that the U.S. auto industry was “in a sweet spot” heading into 2021, following a better-than-expected recovery from the coronavirus pandemic. “I think overall the industry is going to have......

OPEC alliance considers delay to its output hike, but faces a U.S. shale industry ‘itching to drill again’

CNBC
CNBC – For more and to sign up click here U.S. Big Oil majors are behind their European counterparts in carbon strategies, and the U.S. shale market will remain one of the key drilling regions globally. David McNew | Getty Images LONDON — Oil-producing group OPEC, and its allies, will......

Japan, South Korea, industry oppose EU plan to cut shipping emissions

Reuters
BRUSSELS (Reuters) – Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market. FILE PHOTO: Container ships and bulk carriers are seen in the shipping lanes off the coast......

Innovation, investments and increased sales bolster the packaged foods industry

FoodBusinessNews
KANSAS CITY — The center of store became the epicenter of surging food and beverage sales in 2020. In-home eating brought on by coronavirus (COVID-19) lockdowns provided the impetus. Along with increased sales, innovative new products hit the frozen food and soup categories while facility investments came in frozen pizza.......

Two bankers failed miserably in the finance industry. But turned their experiences into a new HBO show

CNBC
CNBC – For more and to sign up click here The creators of BBC-HBO TV show “Industry,” Mickey Down and Konrad Kay. Courtesy of Mickey Down After finding they were pretty terrible as bankers, Konrad Kay and Mickey Down channeled their failures into writing hit TV show “Industry,” which sees......

State of the Industry: Dairy

FoodBusinessNews
KANSAS CITY — Americans are consuming dairy foods at a rate never seen before, according to the US Department of Agriculture’s Economic Research Service. For some categories, this was true even before the COVID-19 pandemic. New data on annualized per capita consumption identify butter, cheese and yogurt as the key......

Tobacco industry submits signatures on California referendum to block ban on flavored products sales

LA_Times
USA TODAY – For more and to sign up click here Patrick McGreevy A coalition representing the tobacco industry said Tuesday it has turned in more than 1 million signatures as it seeks to qualify a referendum for the November 2022 ballot aimed at overturning a law banning the retail......

UK car industry warns of £55bn no-deal Brexit hit

BBC
https://www.bbc.co.uk/news/55058874 “Automotive is nothing if not determined, adaptable and resilient, yet, as the clock ticks ever closer to midnight on Brexit negotiations, the competitiveness and employment we need get back to growth – green growth – hangs in the balance,” said the group’s chief executive, Mike Hawes. BBC – For......

Germany: Europe should extend industrial cooperation to hydrogen

Reuters
BERLIN (Reuters) – European Union member states are intensifying cooperation on the production of battery cells for electric cars and they should extend this approach into new industrial areas such as hydrogen technology, the German economy minister said on Tuesday. FILE PHOTO: German Economy Minister Peter Altmaier holds a news......

Cannabis industry has 30-40% more upside, pot ETF issuer says after Joe Biden victory

CNBC
CNBC – For more and to sign up click here Cannabis companies have an eventful four years ahead of them. Pot stocks have been hot following Election Day, with big names in the space including Canopy Growth, Aurora Cannabis, Cronos Group and Tilray all lighting up on the prospects of......

Wedding and event designer Jes Gordon on her new novel

CBS News
CBS News – For more and to sign up click here For the last decade Jes Gordon has been known in the high-end party industry as a rock star event planner. While the pandemic has put many of life’s celebrations on hold, Gordon turned her experiences into a new novel,......

Former Chewy CEO tries to push GameStop to become the Amazon of the video-game industry

CNBC
CNBC – For more and to sign up click here Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in......

Florida’s New Hospital Industry Head Ran Medicaid in State and Fought Expansion

KHN
With its choice of a new leader, the Florida Hospital Association has signaled that seeking legislative approval to expand Medicaid to nearly 850,000 uninsured adults won’t be among its top priorities. In October, Mary Mayhew became the association’s CEO. Mayhew, who led the state’s Medicaid agency since 2019, has been......

Starbucks raises wages for its baristas as restaurant industry braces for minimum wage hike

CNBC
CNBC – For more and to sign up click here A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher......

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