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Sharp drops in Apple, Facebook and other big technology companies ended a miserable week on Wall Street on another sour note. The S&P 500 gave back 1.2%, sealing back-to-back weekly losses and the second straight losing month for the benchmark index since March. Surging coronavirus cases in the U.S. and Europe have spooked investors into dumping riskier assets. Washington's failure to deliver badly needed aid to the recession-struck economy and uncertainty about the presidential election have also cast a pall on markets. The drops in several high-flying Big Tech stocks came after those companies issued uncertain outlooks for the future.On Friday, the number of coronavirus cases in the US rose to 9 million since the start of the pandemic. Many states are seeing record levels of cases and hospitalizations associated with the virus. 854
Singer Mariah Carey is getting into the cookie business.The delivery-only cookie brand, Mariah's Cookies, which launched Friday, will offer boxes of 12 cookies for .99 or a half-dozen for .99.Customers will have several different assortments to choose from, including chocolate chunk, triple chocolate chunk, Heath bar, lemon cooler, spiced oatmeal raisin, white chocolate cranberry, pumpkin, and gingerbread.According to Today, the cookies are available year-round, and currently, the company is offering a Holiday Hits Box, which includes gingerbread, white chocolate cranberry, and pumpkin.Also on Friday, Carey's Apple TV+ production, "Mariah Carey's Magical Christmas Special," premiered on the streaming service, the Associated Press reported. 763
SPRING VALLEY (CNS) - A fire of undetermined origin engulfed a mobile home at an East County trailer park Monday, displacing a family of six.The non-injury blaze in the 2500 block of Sweetwater Road in Spring Valley was reported shortly before 2:30 p.m., according to San Miguel Fire & Rescue.It took firefighters about 20 minutes to subdue the flames, the agency reported.The American Red Cross was called in to help the three adults and three children who lived in the gutted residence arrange for alternate lodging. The cause of the fire was under investigation. 577
SPRING VALLEY (CNS) - A juvenile driving a stolen minivan led deputies on a 15-minute East County road chase Tuesday before bailing out of the still- rolling vehicle near Sweetwater Reservoir and making a failed attempt to escape on foot.The chase began shortly after 8:30 a.m., when a deputy spotted the occupied van in the area of Bancroft Drive and Troy Street in Spring Valley and determined that it had been reported missing by the operators of a group home in the area on Monday, according to sheriff's officials.When the deputy tried to pull him over, the boy behind the wheel of the stolen vehicle drove off and refused to yield, Sgt. Scott Roller said. The youth sped to the south and east over various streets before jumping out of the moving vehicle in a school zone on La Presa Avenue and fleeing on foot.The suddenly driverless minivan continued traveling down the street briefly, then crashed to a halt against a jersey wall. Deputies caught up with the underage suspect a short time later and took him into custody.The boy, whose name was withheld because he is a minor, was taken to a hospital for evaluation of minor injuries he suffered while trying to outrun the pursuing patrol personnel, Roller said.The sergeant declined to release the suspect's age, citing ongoing investigation in the case. 1322
Starbucks has reached gender and race pay equity among all US employees in similar roles, the company said on Wednesday."This milestone is the result of years of work and commitment," said Lucy Helm, executive vice president and chief partner officer at Starbucks, in a statement."We've worked hard for a couple of years now to ensure we can get there," Starbucks CEO Kevin Johnson told CNN's Maggie Lake on Wednesday.The coffee company added that it will now tell American job candidates the pay range for any position in an effort to increase transparency.Helm explained that the company has been striving for pay equity for about decade. Last year, it was at 99.7% parity. Women make up about one-third of the company's executive team.Starbucks uses several tools to make sure bias doesn't impact how much employees make. The company regularly checks for compensation gaps among employees, and uses a calculator to determine starting pay rate targets based on experience. It doesn't ask job candidates about their salary history, and the company analyzes raises to make sure they're fair.It is working with women's organizations like Billie Jean King's Leadership Initiative and the National Partnership for Women & Families to help guide its efforts."One of the most important things to get right is starting pay," said Sara Bowen, the leader of the Starbucks Inclusion, Diversity, Equity and Accessibility team.Research shows that women, on average, earn around 80 cents for every dollar a man makes. The gap is even wider for women of color."If a job candidate comes to Starbucks making 70 or 80 cents on the dollar, and we use that as the basis for her pay at Starbucks, we simply import gender inequality into our own system," she said. "Prior salary can be tainted and should not dictate how we pay."Johnson told Lake that the pay parity achievement is "another example of us taking care of our [employees]."The company also made a commitment to reach gender pay parity at all of its company-owned locations around the world.A number of companies are starting to pay attention to gender wage gaps among their own employees.In a recent survey of human resources executives from Challenger, Gray & Christmas, an outplacement service firm, 48% of companies say they're reviewing their pay policies with an eye toward closing the compensation gap between male and female employees.Others are making changes already.After disclosing small differences in employee pay earlier this year, Citigroup announced it will give raises to even salaries between men, women and minority employees. At Salesforce, CEO Marc Benioff says the company has spent around million to raise women's salaries so they're equal to men's.Other companies like Whole Foods have implemented salary transparency policies that eliminate the secrecy surrounding pay. 2863