Tag Archives: wage

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

The New York Times After Nearly a Year of Unrest, Portland Leaders Pursue a Crackdown PORTLAND, Ore. — After the protests have concluded, sometimes in the early morning hours, Margaret Carter finds herself climbing into her gray Toyota Camry and cruising the streets of Portland so she can see the latest damage for herself. Carter, 85, has been downtown to the Oregon Historical Society, where demonstrators have twice smashed out the windows, recently scrawling “No More History” on the… Source link

Cristian Cardona, an employee at a McDonald’s, attends a rally for a $15 an hour minimum wage Tuesday, Feb. 16, 2021, in Orlando, Fla. (AP Photo/John Raoux) Elizabeth MacDonough, the Senate parliamentarian, ruled on Thursday that the Senate cannot use the budget reconciliation process to pass a minimum wage increase. The decision is a blow to Democrats who have been pushing to raise the federal minimum wage to $15 an hour in the next coronavirus relief package. Democratic lawmakers are using… Source link

Costco (COST) will boost its minimum wage by $1 to $16 starting next week, the membership warehouse retailer’s CEO said on Thursday during a Senate panel hearing. “Two years ago, we moved our starting hourly wage to $15 or more everywhere in the U.S. Effective next week, the starting wage will go to $16,” CEO Craig Jelinek said during his testimony before the U.S. Senate Budget Committee. The executive noted that while there’s “a lot of external focus” on the minimum wage, he made a case that… Source link

Right now there’s a $1.9 trillion COVID relief package being drafted, and it’s going to be President Biden’s first big legislative push. However, the American Rescue Plan that Biden previewed in January is likely to go through some big changes before it goes to a vote — including the possible removal of an increase in the minimum wage to $15. Yahoo News explains why obscure Senate rules could dictate what ends up in the next round of stimulus. Source link

Right now there’s a $1.9 trillion COVID relief package being drafted, and it’s going to be President Biden’s first big legislative push. However, the American Rescue Plan that Biden previewed in January is likely to go through some big changes before it goes to a vote — including the possible removal of an increase in the minimum wage to $15. Yahoo News explains why obscure Senate rules could dictate what ends up in the next round of stimulus. Video Transcript [MUSIC PLAYING] SAM… Source link

Bloomberg EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over… Source link