California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
(Bloomberg) -- Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates.Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe Long, Slow Death of Urban NightlifeWall Street Humbled as Fast-Reversing Markets Confound th
After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation.
The cigarettes account for one-third of all sold in the U.S. and are predominantly consumed by Black and Hispanic smokers.
In an expression of disapproval on social media, prominent real estate investor Grant Cardone scrutinized President Joe Biden's proposed hike in capital gains tax in a recent X post. "Biden proposes 44.6% capital gains tax, from current 19%," Cardone posted. "Can't even come up with his own ideas taking a page out of Trudeau playbook who raised Canada to 66%." Cardone then invoked historical political outcomes, writing, "And he ignored how that played out for the last guy who tried it — the enti
Former President Donald Trump was ordered to pay $355 million in penalties for fraud charges and profits on the sale of different assets. The penalties have been accumulating interest at a rate of 9% per year and have snowballed to current liabilities above $450 million. The fine is growing at a rate of $2.6 million per month. The penalties have put Trump at risk of the court seizing his assets. With a costly presidential campaign and high levels of financial scrutiny, Trump's ability to repay t
Eight words were stamped on the back of every iPhone for years: “Designed by Apple in California. Assembled in China.” The slogan illustrated the tech giant’s two power bases: its headquarters in Silicon Valley, and the manufacturing colossus it had become in the world’s factory.
(Bloomberg) -- Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities.Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe Long, Slow Death of Urban NightlifeWall Street Humbled as Fast-R
The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters.