Investment firm will now need consent to hire white men
- As part of their diversity hiring initiative, leaders at one of the largest investment firms in the world, State Street Global Advisors, need permission to hire white men
- The investment firm aims to triple the amount of black, asian, and other minority staff in senior positions by 2023, according to the Sunday Times
Inspire brands looks into virtual restaurants with launch of “ghost kitchen”
- On November 9, Inspire Brands launched a ghost kitchen in Atlanta that houses five of its fast-food brands
- The restaurant is called “Alliance Kitchen and customers will be allowed to order from both third-party aggregator platforms and the brand’s apps
- Alliance Kitchen uses segmented workstations that allow it to fill orders for multiple brands and Inspire said this results in both labor efficiency and the ability for workers to train across the kitchen
General Electric to break up into three company branches
- According to an announcement on November 9, General Electric will break up into three separate companies after years of seeing its stock underperform
- The company said that the three separate units will focus on aviation, health-care, and energy and GE plans to spin off the healthcare unit as soon as 2023 and the energy unit by early 2024
Businesses told by White House to proceed with vaccine mandate despite court pause
- On November 8, the White House urged businesses to move forward with vaccination requirements despite the court-ordered pause
- The 5th Circuit of the US Court of Appeals halted the requirement on November 6 and is currently pending review
- Republican attorneys general in at least 26 states have challenged Biden’s vaccine and testing requirements in 5 different US appeals courts
Bank of America reports sales of pregnancy tests on the rise
- According to a note by Bank of America, a “millennial baby boom” could come this year and boost sales for retailers like Target and Walmart
- Membership clubs like Costco and grocers like Kroger could benefit as food and baby merchandise sales increase
