• Rodney McMullen, Kroger’s CEO has said that the country’s largest supermarket operator currently has around 20,000 job openings
• Kroger has announced on September 14 that they have also teamed with Instacart to increase their ability to fulfill online grocery orders 

Orbital Marine Power to lead new $31 million energy project

• A firm behind the “world’s most powerful tidal turbine” named Orbital Marine Power has said in a statement on September 13 that their turbine can generate up to 2 megawatts
• Also included in their statement, they said that the 31.5 million project would receive a 24 million grant from the European Union’s Horizon 2020 program

• From January 2021 to June 2021, about 123 million American households were formed but only 7 million new single-family homes were built during the time
• Single-family home development has been at an all-time low since 1995

The post Business News – 09-14-2021 appeared first on Easy Ad - Local Small Business Resources.

• On September 10, Kroger announced that the company had seen many favorable trends in their fiscal second quarter as shoppers are buying more groceries
• Despite a strong fiscal second quarter, Kroger investors have expressed their concern about the supermarket operator’s margins as they deal with inflation, theft, and other supply chain costs

General Motors cuts production for 200,000 vehicles in second half of 2021

• According to General Motors, the company expects to cut production for about 200,000 vehicles in North America during the second half of the year
• The production cut is 2 times the 100,000 units that were originally expected to be cut when GM reported its second-quarter earnings in August

Epic Games case ruling shows Apple cannot force developers to use in-app purchasing

• On Friday, September 10, Federal Judge Yvonne Gonzalez Rogers ruled that Apple will no longer be allowed to restrict developers from having their own in-app purchasing
• Before this ruling, Apple took a 15% to 30% cut of gross sales made by app developers

The post Business News – 09-10-2021 appeared first on Easy Ad - Local Small Business Resources.

• On November 3, Democratic lawmakers unveiled their new social spending and climate provision that increases the EV tax credit of up to $12,500 for higher prices vehicles
• According to this new update, vans, SUVs, and trucks prices up to $80,000 will be eligible for the full tax credit

Kroger to use automated robots to get groceries to customers

• With the help of UK based company Ocado, Kroger is opening automated warehouses across the United States
• According to Kroger, the robots will help to retrieve bags of items like fruit, meat, and more to speed up the fulfillment of customers’ grocery orders
• Once the groceries are gathered for an order, Korger will have their fleet of delivery drivers drop off the bagged groceries to the customer

NASA wins lawsuit against Blue Origin over SpaceX lunar Lander contract

• According to the US Court of Federal Claims, Jeff Bezos’s Blue Origin lost against NASA over $2.9 billion lunar lander contract awarded to SpaceX
• In a statement in defense of Blue Origin, its spokesperson said that the company’s lawsuit “highlighted the important safety issues with the Human Landing system procurement process that must still be addressed’

WHO says that Europe is the center of the COVID-19 pandemic once again

• According to the World Health Organization, Europe is facing another spike in COVID-19 cases
• The WHO has two main reasons for Europe’s soaring case numbers which are low vaccination coverage and less strict public health and social measures

Google invests $1 billion into CME, as both sign cloud deal

• Two large tech companies CME Group Inc. and Alphabet Inc.’s Google have made a deal to move Google’s core trading systems to the cloud
• Google will invest a total of $1 billion into this project 

The post Business News – 11-04-2021 appeared first on Easy Ad - Local Small Business Resources.

• Stitch Fix shares have risen today (Monday) and this has been driven by consumers looking to add to their wardrobes for this month of June
• For the full year, the company raised its revenue after its previous lowering because of the Covid pandemic
• In regards to what the loss per share was for May, it was 18 cents versus 27 cents expected and their total revenue was $535.6 million versus $511 million expected

• This Thursday, Kroger will be holding a hiring event to fill 10,000 jobs across their chain-grocery brand
• In regards to the positions to be available, the grocer’s retail, e commerce, pharmacy, manufacturing, and logistical operations segments will be the main focus
• Kroger has also announced its plans to raise their average worker wage in March after other criticism revolving around the company lowering them in the pandemic

• The CEO of Biogen, Michel Vounatsos has told CNBC today (Monday) that the list price of $56,000 a year for his company’s Alzheimer’s disease drug is fair 
• Along with this, the CEO has also announced that the company will not increase prices for the drug for at least 4 years

• The US is now reporting an average of about 14,500 for the daily infection rate over this past week
• An approximation of about 960,000 vaccinations have been reported to be administered each day across the country 
• More than ½ of Americans have received at least partial progress in Covid vaccinations (1 dose at least) and 42 % are now fully vaccinated

• Blue Origin plans to launch the mission on July 20, the 52nd anniversary of the Apollo 11 moon landing
• Bezos’ brother will join him, as will the winner of an auction being held for one of the seats

The post Business News – 06-07-2021 appeared first on Easy Ad - Local Small Business Resources.