The Biden Administration to Implement Overtime Pay for Millions of Workers by Default
The Biden administration proposes overtime pay for salaried workers earning around $55,000 or less annually, exceeding the current $35,568 threshold. The plan aims to add...
Inflation is still squeezing budgets
Inflation ‘remains too high’ But in recent remarks, Federal Reserve Chair Jerome Powell said inflation “remains too high” despite those positive indicators, and warned that more interest rate...
Vacant Offices Are Piling Up in Silicon Valley
Updated June 21, 2023 12:02 am ET Listen to article (2 minutes) Silicon Valley companies are dumping office space at an accelerating pace, as tech...
Fed increases rates a quarter point and signals a potential pause
The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the...
58% of Americans are living paycheck to paycheck, CNBC survey reveals
Between higher costs and a possible recession on the horizon, families feel increasingly strained financially. More than half, or 58%, of all Americans are...
70% of Americans feel financially stressed, new CNBC survey finds
Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed. Some 70% of Americans admit to being stressed about...
Layoffs are up nearly fivefold so far this year with tech companies leading the way
Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2. Marlena Sloss...
Amid stubborn inflation, 60% of Americans live paycheck to paycheck
Despite higher prices, consumers are still spending, although not as much as they were a year ago, which is giving their budgets some breathing room....
54% of Americans are dipping into savings to pay for everyday expenses
Inflation is still taking a hefty toll on households, recent reports show. Prices continued their upward momentum in January, rising 0.5% for the month and...
Corporate Layoffs Spread Beyond High-Growth Tech Giants: WSJ
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority. [ad_2] Source link...