Rising wood prices are making your toilet paper more expensive

Just when you thought you were in the clear to stock up on toilet paper again, wood pulp, the primary raw material used to make it, is getting more expensive. “We’ve never seen monthly price increases like this in the history of the business,” said Brian McClay, a pulp industry analyst. “It’s unheard of.” Prices…MORE

Peloton initially refused to recall its treadmills. Here’s why it can do that

You would think that federal safety regulators would have broad powers to order the recall of products they find dangerous or even deadly. You would be wrong. Agencies such as the Consumer Product Safety Commission and the National Highway Traffic Safety Administration typically can only request — not demand — that companies order a recall…MORE

Elon Musk could make fireworks on ‘SNL.’ Investors are betting on it

Live from New York, it’s … a market-moving corporate liability. This weekend, Tesla CEO Elon Musk is hosting “Saturday Night Live,” which, in case the name wasn’t clear enough, is broadcast live. That means NBC relying on Musk to filter his thoughts in real time, despite little evidence, historically, of him holding back on just…MORE

Washingtonian staffers protest CEO’s ‘public threat’ to return to in-person work

Staffers at the Washingtonian, a monthly DC-based magazine, are protesting Friday in response to their CEO’s opposition of remote work. On Thursday, The Washington Post published an opinion piece by Washingtonian Media CEO Cathy Merrill with the headline, “As a CEO, I want my employees to understand the risks of not returning to work in…MORE

Nasdaq’s computer system literally can’t handle Berkshire Hathaway’s sky-high stock price

The world’s most famous electronic stock market can’t compete with the stubbornness of a 90-year-old billionaire. For decades, Warren Buffett has refused to split Berkshire Hathaway’s sky-high Class A shares, which traded hands Friday at a staggering $436,312. Buffett’s persistence finally caused a Y2K-like problem this week at Nasdaq. Here’s the issue: Nasdaq’s 32-bit computer…MORE

Why investors are paying attention to elections in Scotland

Investors are waiting for the final results of parliamentary elections in Scotland that could spark radical changes to the political and economic landscape of the United Kingdom. A decisive victory from Nicola Sturgeon’s Scottish National Party, which wants to break away from the United Kingdom, could force a standoff with Prime Minister Boris Johnson. His…MORE

US stocks rise to new records despite weak jobs report

Bad economic news was once again greeted with cheers on Wall Street as two top indexes closed out the week in record territory. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow gained about 230 points Friday. It and the S&P 500 both…MORE

IHOP turned away Adam Sandler. Now it’s trying to make it up to him

IHOP is hoping to make amends with Adam Sandler next week after an unwitting hostess turned away the comedian at a Long Island location. The IHOP employee, not realizing she was talking to Adam Sandler, told the actor that the restaurant was busy, and it’d be a long wait to be seated. Sandler politely left…MORE

Vanishing workers are the latest economic worry

The US economy is roaring back to life after a long period of hibernation, sending companies scrambling to find workers that can help them meet a surge of demand. In many cases, they’re coming up short. What’s happening: A growing number of sectors are reporting problems with worker shortages. Uber and Lyft are offering incentives…MORE

Major disappointment: America added way fewer jobs than expected in April

The US economy added only 266,000 jobs in April at the anniversary of the worst job loss for any month on record. This was far less than forecasts of economists, who had predicted America would add 1 million jobs last month. The unemployment rate rose to 6.1% in April, up from 6% a month earlier.…MORE


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