The producer price index increased by 8% on a yearly basis in October, down from 8.4% in September, with a month-over-month increase of 0.2%, according to the Labor Department. The annual decline is the fourth in a row, but wholesale gas prices remained elevated, rising by 5.7% last month.
Home Depot had third-quarter profit of $4.34 billion, up 5.1% from a year ago, on revenue of $38.87 billion, up 5.6%. Customer transactions for the home improvement retailer fell 4.3%, but higher prices for lumber and other building materials helped buoy average ticket sizes.
Amazon plans to start cutting around 10,000 positions as soon as this week, marking the largest set of layoffs in the company's history, sources have said. Most of the positions affected are expected to be within the devices sector, but the physical retail arm may also experience cuts, and Amazon has paused all corporate hiring for its physical and online shops.
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Virtually all C-suite executives at companies with at least 1,000 employees say their businesses experienced cybersecurity breaches in supply chains in 2021, according to a survey conducted by Opinion Matters for BlueVoyant. The percentage of companies that report on or audit supplier security more than two times per year increased from 53% in 2021 to 67% in 2022, and respondents say their main challenges include satisfying regulatory requirements and collaborating with suppliers on security improvements.
The sweet spot for hydrogen-powered vehicles could be long distances commercial uses that are impractical for electric vehicles due to range limitations and the current state of US charging infrastructure, experts say. "Hydrogen is great for long-haul operations; it can work in any kind of weather conditions and doesn't lose efficiency in cold weather, which electric vehicles can do," said Jason Wallace, in charge of North American Operations for Hydron, a startup developing hydrogen heavy-duty trucks.
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Sales toolkits now require strong video skills, but ineffective body language is amplified during video chats or presentations, writes Virtual Sapiens' Rachel Cossar, a former Boston Ballet dancer who has prepared four videos as examples. Facial expressions and eye gaze are particularly important, Cossar writes.
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A nearly 400-year-old Japanese pine bonsai tree at a Washington, D.C., museum reminds David Dye that such trees require constant care to allow them to take their most beautiful shape, something leaders could stand to learn about how they manage their people. "In seeing their beauty and strength, enjoy and celebrate each person's unique energy, talents, personality skills, interests, abilities, and all that they add to the world and to your life," Dye says.
Employees are more likely to stay with your company if they know what's expected of them, have a chance for career growth and feel like they belong, writes Liz Kofman-Burns, co-founder of the DEI firm Peoplism. "Research shows that organizations actually benefit most when learning opportunities are democratized and given to those employees that are least likely to be on leadership's radar, including underrepresented employees," Kofman-Burns writes.
