Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Macy’s, the American department store chain, unveiled its plans to hire more workers as the holiday season is just around the corner. Based on the reports, the company is looking to add around 76,000 workers who will work part-time or full-time at its stores, warehouses, and call centers across the United States.
Reuters reported that this massive hiring plan just indicates the business may be returning to its pre-pandemic state since this is the same level of hiring workers before the COVID-19 hit and crippled many businesses around the world.
It was added that Macy’s move to take in more workers comes amid the major labor crunch that is currently ongoing in the country. More and more companies, big and small, are having a hard time filling in the vacancies in their firms as people today are preferring to work at home or simply stay home for fear of contracting the contagious coronavirus.
The labor shortage even pushed major firms to increase their wage offerings and added more incentives and perks to lure people into applying. The pay hikes and various new attractive benefit offerings are happening right now in the U.S., but it is not clear if this hiring strategy is effective or not since companies continue to announce hiring events.
In fact, Walmart made an announcement for the hiring of 20,000 workers while Amazon is looking for 50,000 new staff. The demand for workers is high since the holiday season has always been the busiest year for shoppers, and Macy’s is usually one of the most crowded places during this time.
In 2020, Macy’s seasonal hiring was low due to the pandemic, and the business was severely hit with low sales. To show that there was a big difference between the pre-pandemic, Macy’s hired around 80,000 additional workers during the 2019 holiday season.
At any rate, according to Market Watch, the department store chain revealed that around 6,800 seasonal workers who were hired last year stayed on with the company. Meanwhile, this year’s hiring will take place on Sept. 23 during the national hiring day and will be carried out in select locations, including Sacramento, California, Goodyear, Arizona, and Cheshire, Connecticut.
