Jeff Bezos‘ challenge to other retailers to match Amazon‘s $15 minimum wage is just the latest boast from a high-profile company about improving worker compensation as federal lawmakers make little progress. The $15 minimum wage became a popular target for both legislators and companies alike thanks to the Fight for $15, an organization founded by
Check out the companies making headlines midday Thursday: Chipotle Mexican Grill — Shares of Chipotle fell 2% after Jefferies lowered the stock’s rating to hold from buy on Thursday, saying the restaurant chain’s “valuation is full.” Chipotle’s shares have climbed 65% since the start of the year. Tesla —Tesla dipped 3% after a report said
Millennials are being squeezed out of the world’s middle class as incomes stagnate and costs rise, according to research by the Organization for Economic Co-operation and Development (OECD). In a report published Wednesday, the 36-nation intergovernmental economic body said younger people were struggling to make it into that bracket, while those who were already included
History seems to be on the bull’s side. The first quarter’s record rally that gave stocks their best start to a year since 1998 could turn out also to be a good omen. According to BMO, every time the S&P 500 scored a gain of 10% or more in the first quarter of a year
A dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program. The legislation, the What You Can Do for Your Country Act, would dramatically expand the pool of student loan borrowers who are eligible to have their debt cancelled. Sens. Tim Kaine (D-Virginia), Elizabeth Warren (D-Massachusetts),
Vice President Mike Pence said Wednesday that the American dream was “dying until President Donald Trump was inaugurated” in 2017. “Was the American dream in trouble? You bet,” Pence said in an interview with CNBC’s Joe Kernan on “Squawk Box” Thursday morning. “I really do believe that’s why the American people chose a president whose
Today concerned citizens are successfully banding together to protect whatever is most important to them—from their retirement security, to roads and bridges, to drinking water—through crowdfunded forensic investigations conducted by subject matter experts in any given field. Getty Four years ago I speculated that crowdfunding—the practice of funding a project or venture by raising monetary
Traveling the world going from one fine restaurant to the next searching for the perfect steak. It just doesn’t get any better than that or so it seems. But one thing that could make it better is doing it with tax-deductible dollars. That was what Maurice Dreicer did. And it worked for many years. Finally,
Guy Grainger, JLL EMEA CEO JLL Since I started writing this column, I’ve had unprecedented access to all parts of the PropTech value chain. I have spoken to startups and VCs hailing from all over the world and had the opportunity to delve deep in specific use cases as well as highlight global macro trends.
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses why value investors have struggled in recent times and what points of the cycle provide the best investment opportunities. Howard also talks about his early career and gives advice to those just starting out in asset
Apple has convinced its top manufacturing partner, Foxconn, and its primary chip manufacturer, TSMC, to commit to powering their operations making Apple products with renewable energy, the company announced Thursday. The two manufacturing giants are part of a new batch of 15 suppliers which have committed to run production for Apple products using clean energy,
Shares of Levi Strauss & Co. rose in extended trading Tuesday after the world’s biggest jeans seller reported its first quarterly earnings since its initial public offering on the New York Stock Exchange last month. For the first quarter, Levi said it swung to earnings of $146.6 million, or 37 cents per share, from a
Technology firms aren’t paying their fair share in taxes and it’s time to find a global approach to the problem, German Finance Minister Olaf Scholz told CNBC. “My biggest concern with the tech companies is that they tend to pay taxes nowhere,” Scholz told CNBC’s Annette Weisbach in an interview earlier this week. Google, Amazon,
Tandem Diabetes Care Inc.: “Right here, yes. Right here. Remember we had them on — of course you do — and you know how good I thought they were. And I think this is a great level to buy some more.” Electronic Arts Inc.: “We’re gonna say that that came and went, and we’re not
Here’s a home improvement project nobody looks forward to: replacing a sewer line. For homeowners, the mortgage, property taxes and insurance only account for a portion of the cost of owning an abode. It’s those surprise emergency repairs that can destroy your budget. Indeed, 18% of homeowners polled by HomeServe USA said that they had
The HECM for Purchase program can be used to either downsize or upsize a retirement home. Retirement Researcher The HECM for Purchase program began in 2009 as a way to use a reverse mortgage to purchase a new home. The government saw enough people using a costlier and more complicated two-step process—obtaining a traditional mortgage
Getty You may think you know what a taxpayer with foreign assets looks like. It’s easy to paint a picture of the super-rich jetting off to the Caymans, but that’s more Hollywood-driven than real life. Taxpayers with control over foreign assets come in all shapes and sizes. It’s the executive who works in the U.S.
Selling or buying a home is a crazy stressful process. It can be quick and painless or long and labored. It involves feeling every emotion you’ve ever had and probably a few new ones you didn’t even know existed. When you decide to buy or sell, it can be like adding something to an already
Facebook on Wednesday announced a slew of new features in its ongoing fight against fake news, and one of them is taken directly from the playbook of bitter rival Google. The social media company said it will use a new approach called Click-Gap to reduce the amount of low-quality content, such as fake news, that
Delta Air Lines posted first-quarter earnings Wednesday that beat Wall Street’s expectations for both profit and revenue. “Demand for Delta’s product has never been stronger,” President Glen Hauenstein said in a statement announcing the earnings. “With our customer-focused commercial initiatives delivering strong customer loyalty and top-line momentum, we now expect full-year revenue growth of five