Business

Scientific Games and Intralot are locked in a battle over the right to manage Maryland's lottery systems for the next 10 years, with Intralot ultimately winning the bid due to its lower price, but the contract was later reversed due to a technicality, leading to a judge-mediated dispute.

Amazon, JetBlue, United Airlines, USPS, UPS, FedEx, and Maersk are all implementing fuel surcharges to offset increased transportation costs due to the war in Ukraine.

The US labor market is experiencing a 'low-hire, low-fire' state, with job openings decreasing and hires as a percentage of total employment dropping to the lowest rate since 2011, while layoffs and voluntary quits also remain low.

The national average price for a gallon of regular unleaded gasoline has topped $4 for the first time since 2022, which could have significant implications for the US economy, including higher inflation and reduced consumer spending.

An Atlanta-based social media manager shares her experience being laid off while on medical leave amid high unemployment for Black women.

The Trump administration's immigration policies have led to slower wage growth, fewer job openings, and higher unemployment rates for American workers, as lower demand and economic uncertainty have made employers hesitant to hire and automation has replaced workers in some sectors.

New York has enacted legislation making it the 11th state to ban the use of credit reports in employment decisions, with exceptions for specific job categories. Similar regulations are in place in five cities and Cook County, Illinois, reflecting a growing trend towards limiting credit history checks in hiring practices.

Saks Global, the parent company of luxury retailer Saks Fifth Avenue, has filed for Chapter 11 bankruptcy protection, citing a burdensome debt load exacerbated by changing consumer retail habits. Geoffroy van Raemdonck, former Neiman Marcus chief, will take over as CEO to guide the company through its bankruptcy proceedings.

The US economy added an estimated 50,000 jobs in December, resulting in the weakest annual job growth since 2003, driven almost entirely by the healthcare and social assistance industries, while tariffs, AI investment, and pandemic-related hiring cuts contributed to the slowdown.

A recent Forbes report highlights the financial landscape of America's wealthiest Black billionaires, who collectively hold a net worth of $54.9 billion. Topping the list is Alexander Karp, co-founder and CEO of Palantir, with an impressive net worth of $16.1 billion.