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1 min read

BlackRock's Larry Fink thinks AI will boost wages and productivity

On an earnings call, CEO Larry Fink praised the productivity gains from BlackRock's investments in …

Alexandra Bacon   


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2 mins read

'I can't charge $20 for a Happy Meal': McDonald's franchisee responds to California's new fast-food worker wages

Restaurant owners have been looking for ways to offset the bigger paychecks, from raising prices to…

Grace Dean   


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2 mins read

Elon Musk is waging war on multiple fronts and now Australia is in the firing line

Elon Musk is no stranger to spats with public figures, but he's also been going into battle with ju…

Beatrice Nolan   


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3 mins read

DoorDash is trying a new way of making deliveries — and it doesn't involve gig workers

DoorDash is using W2 employees to make some deliveries in Austin, Texas, and Fresno, California. Th…

Alex Bitter   


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2 mins read

There's a silver lining to California's $20 fast-food wage, restaurant bosses say: it's attracting better workers

But the effects of this could be short-lived, as other businesses are expected to boost wages to co…

Grace Dean   


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4 mins read

The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says

Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …

Juliana Kaplan,Ayelet Sheffey   


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2 mins read

Even Xi Jinping admits China has a painful road ahead despite his new stimulus

"We must ready ourselves for danger, and prepare for rainy days," Xi said as he spoke of China's co…

Matthew Loh   


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1 min read

Chipotle says California's minimum wage pushed menu prices up nearly 7%

Chipotle increased menu prices by about 7% because of the minimum wage increase in California.

Dominick Reuter   


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3 mins read

Russia's apparent loss of one of its new heavy Hunter drones over Ukraine could be an intelligence win for Kyiv and the West

Russia's Sukhoi S-70 Okhotnik-B combat drones are rare sights because so few have been built, and n…

Jake Epstein   


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2 mins read

A California McDonald's franchisee says fast food would be 'unaffordable' if she raised prices enough to cover the new $20 minimum wage

A McDonald's franchisee in Los Angeles told KTLA 5 News she'd be taking a profit hit because "you c…

Grace Dean   


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3 mins read

US Navy's new submarines are 'in crisis' as costs balloon by $17 billion, lawmaker says

The Navy's nuclear-powered Virginia class sub, which it's supposed to build two of a year, is facin…

Chris Panella   


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3 mins read

California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too

Restaurants and stores compete for labor. If McDonald's and Chipotle pay more, that little coffee s…

Grace Dean   


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3 mins read

A Lyft driver says he isn't even making minimum wage driving full-time and it shows how much the job costs workers

Lyft CEO David Risher often posts positively about driving for the rideshare service. But one gig w…

Alex Bitter   


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2 mins read

DoorDash raises fees for NYC deliveries after warning that a new minimum wage law would hit customers

The Regulatory Response Fee was introduced after app-based delivery drivers had their hourly wages …

Jordan Hart,Alex Bitter   


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4 mins read

Here's what might happen after California raises fast-food wages to $20, from higher burger and pizza prices to better wages for retail workers

The $20 minimum wage only applies to limited-service restaurant chains, but other restaurants and r…

Grace Dean   


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1 min read

McDonalds is bringing back bagels to boost California sales after state minimum wage hike

McDonald's franchisees in California have said price increases alone won't cover the cost of the st…

Dominick Reuter   


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3 mins read

A major Burger King franchisee in California says he can't roll out order kiosks fast enough due to the state's new $20 fast-food minimum wage

The franchisee, who owns about 180 fast-food restaurants in California, said he'd already raised pr…

Grace Dean   


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1 min read

Over 30,000 Boeing workers are preparing to strike after rejecting a new labor contract

Workers voted against an agreement that included a 25% wage increase and a new plane program in Sea…

Shubhangi Goel   


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3 mins read

Fast-food restaurants in California are laying off workers to prepare for the $20 minimum wage hike

Two Pizza Hut franchisees in California are among those who are laying off workers, federal WARN fi…

Grace Dean   


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4 mins read

The number of young working men without college degrees has tanked in the last 30 years. It could be because their wages have barely budged.

A growing number of young men without a college degree in the US have stopped working, according to…

Ayelet Sheffey,Jacob Zinkula,…