The growth of the Swiss franc against the euro is a boon for business

Considered a safe haven, the Swiss franc briefly hit a high of 0.94 francs per euro on Monday after Italy’s general election Fabrice COFRINI Text size The Swiss franc broke records against the euro, giving the Swiss economy a temporary boost as central banks battle inflation – although experts remain cautious about the coming months. … Read more

Health technology enables millions to ‘age in place’

“Aging in place” refers to individuals who age in their own homes rather than moving into nursing homes or other types of care facilities. This is certainly not new, conceptually—for centuries, many cultures around the world have celebrated the retirement of the elderly and happily embraced the practice of elder care. What is relatively new, … Read more

While DeSantis has been ferrying legal asylum seekers to Martha’s Vineyard, business owners in his state are scrambling for workers

CNN Business — For the past two years, Jan Gautem has been filling in sporadically as a housekeeper at Orlando, Florida hotels managed by Interesting Hotels & Resort Management, or IHRMC. When he’s not making beds, he’s busy running the company. He is the president and CEO of IHRMC – which is based in Orlando, … Read more

Colorado Springs restaurants struggle with labor shortages, inflation | Business

Almost everyone has experienced it – waiting for service – whether at the grocery store, department store or pharmacy. And many people know the reason for this – employers are hard pressed to find workers amid what is being called the Great Resignation. Last year, an estimated 47 million Americans left their jobs because they … Read more

Small businesses say inflation is cutting into profits: New survey

If you’re a small business owner, you’ve probably had a tumultuous past few years. For businesses that experienced the worst of the Covid-19 pandemic shutdown and supply chain issues, the economic recovery has brought back customers willing to spend. But recently, business owners have had to contend with record inflation, which is driving up the … Read more

Business highlights: Stubborn inflation, looming rail strike

___ Consumer-led, US inflation rises more stubbornly WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that is likely to require drastic action by the Federal Reserve, a change that has spooked financial markets and raised recession risks. Some of the long-standing drivers of higher inflation — a spike in … Read more

Business highlights: Stubborn inflation, looming rail strike

___ Consumer-led, US inflation rises more stubbornly WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that is likely to require drastic action by the Federal Reserve, a change that has spooked financial markets and raised recession risks. Some of the long-standing drivers of higher inflation — a spike in … Read more

DOD’s plan for some inflation relief

Cookie list A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device to remember information about you, such as your language preferences or login information. These cookies are set by us and are called first-party cookies. We … Read more

As small businesses raise prices, some customers push back

NEW YORK — Inflation doesn’t just cost small businesses money. It also costs them customers. At the Bushwick Grind Cafe in Brooklyn, New York, Kymme Williams-Davis raised prices and diversified to deal with rising prices for milk, coffee, paper goods and plastic, as well as shortages of items such as paper cups and plastic covers. … Read more

Powell says higher US interest rates are likely ‘for a while’ | Business and economy news

Federal Reserve Chairman Jerome Powell signaled that the U.S. central bank is likely to keep raising interest rates and keep them elevated for some time to quell inflation, and he pushed back against any idea that the Fed would change course soon . “Restoring price stability will likely require maintaining a restrictive policy stance for … Read more