Incoming President Joe Biden will seek to increase the federal minimum wage to $15 an hour as part of his $1.9 trillion pandemic relief bill, a move that could complicate its passage through the closely divided U.S. Senate.
The measure was included in an outline of the legislation released by the president-elect’s economic team on Thursday. ...Read more
Microsoft is considering opening an office in Miami's business core.
According to multiple sources who declined to be named, Microsoft is reviewing at least two Class A options for a new Magic City footprint: one, at the still-under-construction 830 Brickell, and the other at 801 Brickell office tower. All sources cited the sensitive nature of ...Read more
Dollar General won’t make its employees choose between a paycheck and a COVID-19 vaccine.
Hourly employees will receive pay for four hours of work after they get both doses of the vaccine, removing barriers like travel time, mileage and child care needs, the national chain announced Wednesday.
Salaried workers will receive “additional ...Read more
Many lower-wage workers who are raising families bank on receiving a healthy, four-figure tax refund, likely their biggest single check of the year, when they claim the Earned Income Tax Credit on their income tax returns.
But what happens if you ended up being out of work much of 2020 during the pandemic? Are you suddenly shut out of the ...Read more
Wall Street took heed of General Motors Co.'s aggressive electric and autonomous plans presented at the Consumer Electronics Show this week, sending GM's stock price soaring over $51 Thursday — its highest since emerging from bankruptcy more than a decade ago.
CES gave GM an opportunity to tell tech giants and EV geeks its plans to create a ...Read more
San Diego-based Petco has returned to public ownership, selling itself as a pet health and wellness company positioned to eat up even more of an industry it says is valued at $97 billion.
Thursday morning, the company, which is headquartered in Rancho Bernardo and employs 26,000 people, listed its common stock on the Nasdaq Global Select Market...Read more
One after another, major companies pledged this week to stop donating to politicians whose objections to America’s election results led to a riot at the U.S. Capitol.
They were reacting to pressure that began with an article not in the New York Times or Washington Post, but a newsletter called Popular Information.
The publication, founded by...Read more
Coming out of the financial collapse a decade ago, when home foreclosures hit record numbers, Wall Street began buying up hundreds of thousands of single-family homes (SFH). Institutional money had long ago come to dominate ownership of U.S. apartments, but the SFH, which accounts for the great bulk of the more than $30 trillion in housing value...Read more
Farmer’s Fridge, best known for selling jars of fresh salads out of vending machines, is now hawking its healthy fare through an unlikely partner: doughnut titan Dunkin’.
Chicago-based Farmer’s Fridge this week launched a pilot with three local Dunkin’ restaurants, which for the next three months will carry a selection of its salads, ...Read more
Delta Air Lines had a net loss of $12.4 billion last year as air travel plummeted due to the COVID-19 pandemic, marking the company's largest loss ever.
But its losses narrowed in the fourth quarter and Chief Executive Ed Bastian predicted the airline would return to profitability later this year.
"We expect by the spring as the vaccines ...Read more
Aon Plc, an insurance brokerage that’s previously been questioned about ties to the Trump Organization, said it ended a relationship with the business.
An Aon spokesperson confirmed the news Wednesday. In 2019, Aon received a subpoena from New York’s insurance regulator about dealings with the family business of U.S. President Donald Trump....Read more
In a victory for health and environmental safety advocates, the world’s largest fast-food chain has promised to stop using potentially harmful chemicals in its packaging.
McDonald’s on Wednesday announced it will remove all PFAS (per- and polyfluoroalkyl substances) from wrappers, containers, and any other packaging served to guests by 2025...Read more
Q: We are buying our first home and will need to use most of our savings for the down payment and furniture. We cannot afford to make any major repairs for the first couple of years. How can we protect ourselves? –Shelley
A: While I can understand wanting to get the most house you can afford, it is crucial to afford the home you buy.
Many ...Read more
Almost a half-century after opening, Water Tower Place, the once-bustling retail mall at the north end of Chicago's Magnificent Mile, remains shiny marble on the outside, but inside it’s losing some of its sparkle.
Macy’s, which anchors the south end of the building, announced plans last week to close in a few months, leaving behind a more ...Read more
Applications for U.S. state unemployment benefits surged last week by the most since late March, pointing to persistent labor-market pain as coronavirus infections continue to soar and potentially adding to momentum for a larger federal stimulus plan.
Initial jobless claims in regular state programs rose by 181,000 to 965,000 in the week ended ...Read more
Neel Kashkari plans to stay on for a second term as president of the Federal Reserve Bank of Minneapolis.
Kashkari, 47, in late 2015 was hired to a five-year term as leader of the Minneapolis Fed, which has oversight of banking in the north central part of the country.
Though he built a strong record of research, public engagement and advocacy...Read more
Georgia's Department of Labor issued a warning against scams after a fake Facebook page this week mimicked the state DOL's official site and tried to lure jobless people to provide personal information.
The site might have been online for several days, but was taken down early Wednesday after the DOL contacted Facebook, according to Kersha ...Read more
Walgreens wants to be in your wallet.
The Deerfield-based drugstore chain announced Wednesday it is launching its own Walgreens-branded credit cards later this year, expanding into financial services as its core business struggles during the pandemic.
The Walgreens cards, which will be issued by Synchrony on the Mastercard network, will ...Read more
The University of Minnesota aims to become a hub of bioindustrial manufacturing through a new multimillion dollar partnership partially funded by the U.S. Department of Defense.
The U's Board of Regents last week approved an agreement to host the Bioindustrial Manufacturing and Design Ecosystem (BioMADE), an effort affiliated with the federal ...Read more
As Apple continues its rapid growth in Austin, the tech giant says it is strengthening its national investments in education, technology and venture funding programs as part of a goal to combat injustice faced by communities of color.
The donations are part of a $100 million racial equity and justice Initiative, which is designed to help reduce...Read more
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