The Work-From-Home Economy and the Urban Job Outlook
The New York Times
Offices are unlikely to be as full after the pandemic as they were before. Service businesses and their employees will have to adapt.
Restaurant Associates is not the company it used to be. It has long operated restaurants, catered events and run corporate dining rooms for clients including Google and the Smithsonian Institution. Now it employs about half of the 10,000 or so people it had on staff before the pandemic. As its lines of business dried up, the company invented new ones. It has made soups and side dishes for the online grocer FreshDirect. It has delivered meals to displaced Wall Street traders working from Connecticut, and to guests attending “virtual galas” from home. Restaurant Associates is probably going to have to keep improvising. Just as things started looking up in the summer — with some museums reopening, businesses scheduling a return to the office, and catered galas bouncing back in full force — the Delta variant of the coronavirus brought everything, again, to a halt.
Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the U.S. rival.
The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway.
Business owners say card transaction fees are a growing monthly expense, one often passed to consumers. They’re cheering efforts to lower them.
Data on spending this week shows consumers are being drawn to discounts. Online Black Friday sales picked up at a faster pace this year than in-store shopping, Mastercard reported.