Tipsheet: 50% of States Up Min Wage | Port Strain | 25% of Female CEOs @ Retail |
Half of U.S. states will raise their minimum wage in 2021 at CNBC. “There’s growing evidence that voters on both sides of the aisle support a $15 minimum wage. In November, Florida became the eighth state to choose to phase in a pay floor at that rate, thanks to a ballot referendum approved by 60% of voter in an election in which Donald Trump won.” Read more
Surge in online shopping is straining America’s busiest port, official says at CNBC. “Port of Los Angeles Executive Director Gene Seroka in an appearance Monday on CNBC said cargo volume is up 50% in the second half of 2020 from what arrived at docks through the first six months of the year, and it’s common for loaded ships to anchor at sea waiting for a dock to open up.” Read more
Amazon eyes launching its computer science education program in India at TechCrunch. “The childhood-to-career program is currently operational in the United States, where the company serves more than 5,000 schools and 550,000 students with computer science coursework…” Read more
China fines JD.Com, Alibaba’s Tmall, Vipshop for irregular pricing at Reuters. Read more
Barnes & Noble Education CFO Eyes More Cuts as Campuses Remain Closed at Wall Street Journal. “While he doesn’t expect additional job cuts, Mr. Donohue said he is scrutinizing other costs such as fees the company pays to schools. Barnes & Noble Education shares revenues with the colleges that house its stores, and rent payments are usually rolled into the agreements.” WSJ subs.
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FAA issues safety rules that could smooth the way for drone deliveries “Remote ID is a major step toward the full integration of drones into the national airspace system. Remote ID provides identification of drones in flight as well as the location of their control stations…” FAA Press Release
UK’s Hut Group to buy online retailer Dermstore from Target for $350 million at Reuters. Read more
Save A Lot sells 51 Tampa Bay stores as it pursues wholesale model at Tampa Bay Times. “The Tampa Bay stores will still operate under the Save A Lot banner, but are now owned and operated by Ohio grocery company Fresh Encounters, Inc. Fresh Encounters has a licensing and wholesale grocery agreement with Missouri-based Save A Lot.” Read more
Dunkin’ releasing new Extra Charged Coffee with 20% more caffeine at USA Today. “The chain launches “Extra Charged Coffee” on Wednesday…The new coffee is served hot or iced and includes green coffee extract, which gives the extra caffeination.” Read more
The retail industry is leading the way as women take over CEO roles at CNBC. “A record 41 female CEOs are soon going to be leading Fortune 500 companies, barring any additional appointments or departures, as Hobart takes over for current Dick’s CEO Ed Stack in February. Ten will be in charge of retailers.” Read more
Tipsheet Extra
Wind powers more than half of UK electricity for first time
Kroger employee plays violin in-store to spread Christmas cheer
‘Dark period’: Killings spike in NYC amid pandemic, unrest
Diet industry getting fat off of the pandemic
Nashville bombing exposed ‘Achilles’ heel’ in regional network
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