You Searched For "wage hike" and got 20 results
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4 mins read
The delivery reckoning is here
Gig delivery workers for Uber, DoorDash, and Instacart say they're making less. But customers are p…
Alex Bitter
2 mins read
Steep wage hikes for union workers mark the 'final echo' of the inflation surge, Goldman Sachs says
Wage growth for union workers is a lagging indicator, not a leading one, according to Goldman Sachs…
Phil Rosen
2 mins read
Inflation will rebound first before ultimately falling as wages and global conflicts push prices higher, BlackRock's chief investment strategist warns
Inflation is on a rollercoaster descent that could see prices swing higher into 2025, Wei Li warned.
Jennifer Sor
7 mins read
America is on the brink of an unemployment fiasco
The number of unemployed Americans keeps rising. To keep the US job market from getting worse, the …
Neil Dutta
2 mins read
Fast food giants like McDonald's and Chipotle may be forced to hike prices in California again.
The California Fast Food Workers Union is calling for another minimum wage hike. That could be toug…
Dominick Reuter
3 mins read
The most immediate threat to China's economy isn't external. It's internal.
On Monday, Beijing released new data that underscores the scale of China's domestic consumption pro…
Huileng Tan
2 mins read
There's a 'meaningful' chance the Fed's next move is a rate hike, former Treasury Secretary Larry Summers says
"There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, n…
Yuheng Zhan
1 min read
Minimum-wage workers in Turkey just got a 49% pay rise, but they're probably not that happy about it
Turkey's Labor Minister Vedat Isikhan announced the country's minimum wage will increase 49% to 17,…
Lindsay Dodgson
2 mins read
A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime
The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% to tame inf…
Huileng Tan
7 mins read
Uber and Lyft drivers are desperate for tips. Riders don't shell out, but they'll tip three times as often for food delivery.
Uber and Lyft drivers often struggle with low or infrequent tips, which many rely on to pay bills, …
Noah Sheidlower,Jacob Zinkula
2 mins read
Say goodbye to any hope of a rate cut next month
The 272,000 jobs added in May exceeded all 77 estimates collected by Bloomberg.
Filip De Mott
2 mins read
The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'
Russia's economy is driven by wartime activities, government subsidies that steady the economy, and…
Huileng Tan
2 mins read
We finally have some evidence that California's new $20 fast food wage is hurting business
New data shows that foot traffic to California fast-food chains declined in April and May after the…
Grace Dean
2 mins read
Recession seems almost certain with 19 states in trouble already, expert warns
A top economist, Nancy Lazar, expects stricter bank lending and steeper interest rates to crush gro…
Theron Mohamed
2 mins read
Biden's promised economic agenda remains stalled, from student-debt relief to a minimum-wage hike and beyond
From student-loan relief to reversing Trump's tax cuts, Biden's 2020 economic agenda remains large…
Laura Italiano
2 mins read
Chipotle says it's going to hike prices to help pay for new $20 per hour wage hike for workers in California
A new bill will raise California fast-food workers' minimum wages to $20. Chipotle separately just …
Grace Dean
2 mins read
People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to s…
Theron Mohamed
6 mins read
We've entered a world of zombie inflation. Wall Street is scared witless.
The sudden resurgence of inflation has caused some more alarmist analysts to suggest that the US ec…
Neil Dutta
1 min read
A soft landing will be tough to achieve, and inflation has hit lower-income Americans hard, Citi CEO Jane Fraser says
"It's hard to get a soft landing," Citi's CEO Jane Fraser told CNBC on Monday. "We're hopeful, but …
Yuheng Zhan
8 mins read
Wall Street big shots may be forced to cancel their summer vacations
Forget the Hamptons and put down the rosé: stubborn inflation and stock market volatility are makin…