Small businesses are struggling to keep up with rising wages
By Paul R. La Monica • Sunday, August 1 Good morning. In this week's look ahead: Small companies are struggling to keep up with wage hikes. Plus, how Microsoft is approaching the return to work and your weekend reads.
▸ Forwarded this newsletter? Want global markets news and analysis from CNN Business reporters every morning? You can sign up here. MARKET FLASH Wage winners and losers Wages are going up. That's great news for workers. But some smaller companies may struggle to absorb higher labor costs.
TECH MONITOR How should we return to work? Major tech companies are rethinking their return to work policies as the Delta variant spreads.
UP NEXT Monday: ISM Manufacturing Index; HSBC, Heineken and Ferrari earnings
Tuesday: Reserve Bank of Australia policy decision; Alibaba, BP, ConocoPhillips, Discovery, Marriott, Nikola, SolarWinds, Under Armour, Activision Blizzard, Hyatt, Live Nation and Lyft earnings
Wednesday: ISM Non-Manufacturing Index; ADP private employment report; Toyota, CVS, Kraft Heinz, New York Times, Royal Caribbean, Etsy, Fox Corporation, Hostess Brands and Uber earnings
Thursday: Bank of England policy decision; US initial jobless claims; Virgin Galactic, Datadog, Kellogg, Papa John's, Beyond Meat, GoPro, Groupon, Square and Zillow earnings
Friday: US jobs report; Reserve Bank of India policy decision; Canopy Growth, Cinemark and DraftKings earnings WHAT WE'RE READING AND WATCHING ▸ China targets costly tutoring classes. Parents want to save them (NYT) ▸ Big oil companies keep spending tight (WSJ)
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