European stocks rose as all eyes are firmly focused on the Federal Reserve meeting later today – the first in four years, where an interest rate hike is expected. Photo: Tom Williams/CQ-Roll Call, Inc via Getty European stocks pushed higher on Wednesday as investors awaited a widely anticipated decision by the US Federal Reserve on interest rate policy. In London, the FTSE 100 (^FTSE) rose 1.3% after opening, while the CAC (^FCHI) gained 2.1% in Paris, and the Frankfurt DAX (^GDAXI) was 2%… Source link
Read More »Is Aaron Donald angling for a raise?
INGLEWOOD, Calif. — Aaron Donald is underpaid. He was underpaid coming into the season, underpaid coming into the Super Bowl, and now he’s underpaid heading into an offseason where a great many defenders are going to land a great many dollars. Before we get to the report from NBC’s Rodney Harrison that the Los Angeles Rams star defensive tackle could retire following a Super Bowl win on Sunday, we first must consider the money. A financial conversation makes far more sense than a… Source link
Read More »‘If we have to raise interest rates more over time, we will’
Federal Reserve Chairman Jerome Powell told Congress Tuesday that if the pace of price increases do not come down, the central bank will get more aggressive with raising short-term borrowing costs. “If we see inflation persisting at high levels, longer than expected, if we have to raise interest rates more over time, then we will,” Powell said in a Senate Banking Committee hearing. Powell is facing the Senate for his renomination. President Joe Biden announced in November that he was… Source link
Read More »Google tells employees it won’t raise everyone’s wages to keep up with inflation
Google parent company Alphabet announced its fifth quarter in a row of record profits ($18.9 billion) and second straight quarter of record revenue ($65.1 billion) in October, but a company executive told employees that Google wouldn’t automatically adjust their salaries to account for inflation. According to CNBC, Google’s VP of compensation Frank Wagner told employees at a company all-hands meeting on December 7th that Google doesn’t “have any plans to do any type of… Source link
Read More »Google execs tell employees they won’t raise pay to match inflation
Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018. David Paul Morris | Bloomberg | Getty Images Google executives are acknowledging employee concerns about rising inflation, but say they have no plans to respond with a companywide pay increase. The topic of workforce pay was addressed at a special meeting on Tuesday that was intended to focus on Google’s 2022 strategy. Ahead of… Source link
Read More »Stanford dropouts raise $60 million for grocery startup Zepto
A new startup company founded by two Stanford University dropouts is threatening to restructure the grocery delivery industry in India. 19-year-old former Stanford classmates Aadit Palicha and Kaivalya Vohra founded Zepto in April of this year. In less than 8 months, the company has raised over $60 million from investors. The idea for a startup came when the pair were locked in the house due to pandemic restrictions back in 2020. Zepto’s main selling point is its speed. The service… Source link
Read More »Democrats Back Off Plan to Raise Tax Rates on Corporations, Wealthy
Raising tax rates on corporations and high-income households is a key part of Democrats’ plan to pay for their proposed multi-trillion-dollar social spending plan, but opposition to that approach from Sen. Kyrsten Sinema of Arizona has sent lawmakers scrambling to find alternative ways to offset costs. Given Sinema’s resistance, there’s a growing chance that the corporate income tax rate could remain untouched in the Democratic budget bill. Even the compromise rate of 25% reportedly… Source link
Read More »‘Now is the best time to ask for a raise’ or switch jobs, says economist
Now is the time to hit your boss up for a raise — or even look for a new job, says one economist. “Worker power is so high right now. That leverage is there because of the tight labor market,” Glassdoor Senior Economist Daniel Zhao told Yahoo Finance Live. “Demand for workers is still red hot.” “Now is a good time to ask for that raise or to even ask for more benefits or more flexibility in the work arrangements,”said Zhao. “Employers right now are not just raising wages, they’re also… Source link
Read More »The new Social Security raise will be revealed this week. Will it be enough?
The new Social Security raise will be revealed this week. Will it be enough? As companies struggle with COVID-related shortages of supplies and workers, inflation is soaring at rates not seen in years. Steeper prices for gasoline, food, cars and many other things are squeezing Americans, especially older people living on fixed, often modest incomes. But the inflation spike is likely to provide seniors with their biggest Social Security raise in almost four decades. The government this week is… Source link
Read More »China Evergrande to raise $5 billion from property unit sale
By Tom Westbrook and Donny Kwok HONG KONG (Reuters) -Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Chinese media said on Monday, after both Evergrande and Hopson requested trading halts ahead of a major transaction. Once China’s top-selling developer, Evergrande is facing what could be one of the country’s largest-ever restructurings as a crackdown on debt leaves it unable to refinance $305 billion… Source link
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