Retirees have to watch their spending, especially after the Federal Reserve’s latest rate hike announced on Wednesday. For the third time in a row, the Federal Reserve said on Wednesday it would rais...
Tag: Labor
Fed approves third large interest rate hike and signals more before year-end
The Federal Reserve on Wednesday stepped up its aggressive fight against high inflation by agreeing to the third straight super-sized increase in interest rates and signaling more big hikes before the...
FedEx to Close Offices, Park Aircraft After Warning of Sales Shortfall
Updated Sept. 15, 2022 5:42 pm ET Listen to article (2 minutes) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes...
Rail Strike Averted After White House Brokers ‘Tentative’ Deal—Here’s What You Need To Know
Topline Major freight rail companies and unions have struck a tentative deal to avert a damaging national rail strike, President Joe Biden announced early Thursday morning, a boon for his administrati...
Carriers won’t lock out workers, negotiators meet with Labor secretary
Negotiators from railroad carriers and unions met in Labor Secretary Marty Walsh’s office Wednesday as the sides tried to negotiate a deal ahead of Friday’s strike deadline. The meeting st...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Senators introduce the next retirement savings proposal – the EARN Act
The EARN Act is the latest addition to the lineup of proposals legislators have put forth to bolster retirement savings. Senators Ron Wyden, a Democrat from Oregon, and Mike Crapo, a Republican from ...
Shopify Announces Changes in Top Leadership
Text size The company announced a 10% cut to its workforce in July. Dreamstime Shopify announced a new chief financial officer and chief operating officer on Thursday, a little less than two months af...
American Airlines Looks Toward Pilot Contract After ‘Solid’ Labor Day Weekend
Labor Day weekend travelers make their way through American’s Miami hub on Saturday Sept. 3. (Photo … [+] by Joe Raedle) Getty Images Upbeat American Airlines CEO Robert Isom took a victor...
Labor Day air travel clears 2019 levels as airlines cap a rocky summer
Reagan National Airport near Washington D.C. Leslie Josephs | CNBC The rocky summer travel season ended on a high note during Labor Day weekend with a surge in air travelers and relatively smooth oper...
More Than A Dozen Killed In 15 Mass Shootings Over Labor Day Weekend
Topline More than a dozen people were killed, while 58 people were injured in 15 mass shootings across the country during Labor Day weekend, according to the nonprofit Gun Violence Archive, as the U.S...
Bed Bath & Beyond Finance Chief Gustavo Arnal Found Dead
By Ginger Adams Otis and Ryan Felton Updated Sept. 4, 2022 7:00 pm ET Listen to article (2 minutes) Bed Bath & Beyond Chief Financial Officer Gustavo Arnal was found dead Friday after falling from...
Enough, Bosses Say: This Fall, It Really Is Time to Get Back to the Office*
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Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets
The Internal Revenue Service could have a potential head-scratcher of a question about your crypto investments and what’s taxable, according to a major accountants’ association. For two years, the IRS...
Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation
Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...
Bitcoin, Ethereum Jump As Jobs Report Ease Labor Market
The job numbers for the month of August were released. Bitcoin and Ethereum prices jumped as a result of this report. The labor department reported that the United States added 315,000 jobs in August....
I Salute American Labor
Workers making rubber footwear at the the B. F. Goodrich Company factory in Akron, Ohio, USA, circa … [+] 1935. (Photo by Archive Photos/Getty Images) Getty Images As many Americans celebrate La...
Stocks Rally As Labor Market Cools Slightly, Taking Some Pressure Off The Fed
Topline The stock market moved higher on Friday after the August jobs report came in slightly lower than expected and dropped significantly from last month, which helped ease investor concerns that a ...
Car shopping over Labor Day weekend? Here’s what you can expect
Newsday Llc | Newsday | Getty Images In pre-pandemic years, Labor Day sales events offered generous discounts on new cars as dealerships aimed to clear out current-year models and start selling the ne...
Prepare For Labor Day With Three Food Processing Stocks
. Food Processing Stocks Recent News Innovation in food processing technology and an upsurge in the demand for processed food are expected to drive the market over the next few years. The industry is ...
California Braces For 115 Degree Weather Over Labor Day Weekend—With Death Valley Forecasted To Hit 124
Topline More than 55 million people in California were placed under heat alerts on Wednesday as the state prepares for record-shattering high temperatures over the Labor Day weekend. More than 55 mill...
A Different Labor Day Story
In “A River Runs Through It”, the Reverend Maclean laments that often we are least able to help … [+] those we are closest to. So too, on Labor Day 2022, those who want to work most ...
I set up a company with friends. It has sales of $1 million. Two partners hijacked control of the bank accounts, and want to push others out. What can we do?
I went into business with friends operating a night market. We hold big events every two weeks. We started an LLC as equal members, all with a 25% share. Friend A had the idea to do it and said they w...