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Business & Lifestyle

Kraken announces leadership succession plan

CHEYENNE, Wyo. (Business Wire) -- Kraken, one of the world’s leading crypto platforms, today announced that COO Dave Ripley will succeed co-founder and CEO Jesse Powell. Powell will become chairman of the board of directors. Ripley will assume the role of CEO after Kraken completes a COO search. “Dave’s proven leadership and experience give me great confidence that he’s the ideal successor. [He is] the best person to lead Kraken through its next era of growth,” said Powell. “I look […]

todaySeptember 21, 2022 57

Business News

Deal reached to avoid national rail strike

A pending railroad worker strike Friday, including those working for Amtrak, may create significant pains in an already strained economic environment. If no deal is reached, workers will go on strike as of 12:01 a.m. Friday. However, a tentative agreement was agreed to early Thursday morning, avoiding the strike. WASHINGTON (The Center Square) – The White House announced a tentative deal Thursday morning to avoid a national rail strike. The strike would have threatened to cripple the nation’s already stressed supply […]

todaySeptember 15, 2022 80

Dow Jones U.S. markets

Business & Lifestyle

Dow stabilizes after worst sell-off since 2020

The Dow Jones Industrial Average closed up 30.12 Wednesday following the worst sell-off in two years. NEW YORK (UPI) -- U.S. stocks stabilized Wednesday right before the close in an up-and-down trading session following the biggest single-day sell-off in more than two years. After dropping more than 200 points during the final hour of trading, the Dow Jones Industrial Average finished the day up 30.12 to close at 31,135.09. The NASDAQ rose 0.7%, while the S&P 500 added 0.3%. Energy […]

todaySeptember 14, 2022 61

stocks business financial

Business News

Stocks slide for third straight week

Traders work on the floor of the NYSE before the opening bell at the New York Stock Exchange on Wall Street in New York City on August 19. Stocks fell for a third straight week Friday. NEW YORK (UPI) -- U.S. markets posted their third straight weekly loss, falling Friday despite a solid August jobs report. The Dow Jones Industrial Average finished 337.98 points or 1.1% lower at 31,318.44. The S&P 500 also fell 1.1%, and the NASDAQ Composite declined […]

todaySeptember 2, 2022 38

Snapchat Biometric Information Privacy Act Illinois

Business News

Snapchat to pay millions after settlement

WHEATON, Ill. (The Center Square) – Another social media company has settled out of court after allegations it violated Illinois’ strict biometric laws. The parent company that owns Snapchat agreed to pay $35 million but denied any wrongdoing.  At the heart of the issue is Snapchat’s photo filter feature. Each time a user takes a selfie or uses a filter, that person’s facial features are scanned.  Ed Yohnka, director of communications with the ACLU of Illinois, has previously said the state’s […]

todayAugust 23, 2022 86

Rivian Illinois

Automotive News

Rivian subcontractors to pay overtime wages

SPRINGFIELD (The Center Square) – Subcontractors for an Illinois-based electric vehicle maker have settled with the state over back overtime wages.  Illinois Attorney General Kwame Raoul announced a consent decree with construction subcontractors building a new production line for Rivian Automotive Inc. in Normal. The settlement requires two subcontractors to pay over $300,000 in back wages and penalties to resolve allegations that they failed to pay Mexican laborers overtime wages.  The consent decree Raoul filed requires China-based Guangzhou MINO Equipment Co. […]

todayAugust 23, 2022 130

Dow business financial

Business & Lifestyle

Dow drops 154 points to notch three-day losing streak

Traders work on the floor of the NYSE before the opening bell at the New York Stock Exchange on Wall Street in New York City on Friday. The Dow Jones Industrial Average began the day down over 200 points. NEW YORK (UPI) -- U.S. markets fell on Tuesday as the Dow Jones Industrial Average and S&P 500 dropped for the third consecutive day. The blue-chip Dow fell 154.02 points, or 0.47%, while the broad S&P declined 0.22% and the NASDAQ […]

todayAugust 23, 2022 88

Scooter's Coffee

Business News

Scooter’s Coffee to open six new locations

Scooter's Coffee (also known as Scooter's Coffee Drive-Thru) is opening six new locations, thanks to a Centralia-area franchisee. Those locations are coming to Salem, Centralia, Mt. Vernon, Vandalia, Harrisburg, and Olney. Rachel Wallace, a current Subway franchisee that owns many store locations and owner of the Rosati's franchise and the Best Western in Centralia, is opening these new locations. They are in a partnership with long-time employee Marcie Wallace (no relation). Wallace says Scooter's has a great culture that has […]

todayAugust 22, 2022 301

business

Business News

Creating a business that works for all

When running a business, you need to focus on the things that really matter. Arguably, the most important part of any business is the customers. That is why you need your business to focus here. As long as your business is working for you and your customers, this is what matters the most. If you don’t feel as though you’re achieving this goal though, then you need to take the time to make some improvements. In this article, we’re going […]

todayAugust 15, 2022 25

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