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Study: People losing jobs would rather lose them to robots

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Millions of jobs are expected to be threatened by robots and artificial intelligence in the coming years, and while much has been speculated about the economic impact on society, a new study suggests a surprising psychological impact on workers: that ...

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Companies promoting causes can be accused of ‘wokewashing’ – allying themselves only for good PR

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More consumers want companies to address societal problems, including climate change and crumbling infrastructure. Additionally, more than half want to buy from brands that take stands on social issues. At the same time, consumers are increasingly skeptical about these partnerships, ...

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Researchers: Don’t make your exploding job offer too explosive

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Sometimes, companies in a rush to hire an employee may use job offers with unreasonably short deadlines for acceptance — called exploding offers — in order to force an employee to choose quickly. How can that affect the hiring process? ...

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A number to know: A lot of money to lose

$3 billion The amount that Chinese police say investors lost in a ponzi scheme called PlusToken that used cryptocurrency. READ MORE AT COINTELEGRAPH >

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Business news roundup

A whistleblower says GE is a bigger fraud than Enron. CNN > Virgin Galactic has opened Spaceport America, and the company’s launch vehicle has arrived. Engadget > Some small businesses are planning to grow even if there’s a larger economic downturn. AP> How a ...

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Business news roundup

President Trump says the Federal Reserve should cut interest rates aggressively this week. CNBC > Ryanair’ CEO says Boeing had better get its “s— together” over the 737 Max. CNBC > Lending money to staffers can cause problems for employers. AP> Behind the scenes ...

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A number to know: Merged drug companies would bring in billions

$20 billion Expected annual revenue of the combination of Upjohn, a portfolio of drugs that are no longer protected by patents, and Mylan, which makes EpiPens, to create a new company. READ MORE AT WTOP >

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Booking a longer hotel stay? You may end up paying more.

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If you book more nights in a hotel, might you get a deal? You might think so, but research from the University of Delaware’s Alfred Lerner College of Business and Economics found that hotels increase their pricing for longer stays. “Sometimes, ...

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Survey: Half of employees feel like they don’t have a career

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Almost a third of employees plan to change jobs this year, and half of employees feel like they have just a job, not a career, according to a national survey from CareerBuilder. The survey also found two thirds of employers say ...

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Scientists demonstrate new business uses for robots (with video)

(Rutgers photo)

If your business isn’t yet using robots, it might be a step closer. Computer scientists at Rutgers have used artificial intelligence to control a robotic arm to pack boxes efficiently, a task usually done by people. “We can achieve low-cost, ...

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A number to know: Added fees for your hotel stay

$9 to $95 The price range of “amenity fees” or “destination fees” charged by Marriott International Inc. that the D.C. Attorney General’s Office called deceptive in a lawsuit filed Tuesday. READ MORE AT WTOP >

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Business news roundup

Amazon warehouse workers in Minnesota are planning to strike — on Prime Day — over labor practices TECHCRUNCH > A two-minute breathing exercise can help you make better business decisions, a study says. INC. > Small businesses are becoming even more wary about ...

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Study: CEOs who are younger siblings take more business risks

(University of Georgia illustration)

Chief executives who grew up as younger siblings take more risks than firstborn executives, according to research from the University of Georgia. “CEOs with older siblings tend to take more risks as CEOs because they’re used to doing that to get the ...

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A number to know: The value of fresh meat

30% The average spike in sales of quarter-pound burgers at McDonald’s, after the chain switched burger patties of that size to fresh beef  from frozen. READ MORE AT CNN BUSINESS >

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Business news roundup

President Trump likened the Federal Reserve to “a stubborn child” after they didn’t cut interest rates last week MARKETWATCH > She fell asleep mid-flight. She was trapped alone on an empty plane.  THE WASHINGTON POST > Uncertainty can follow grief when a small business owner ...

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