MoneyWatch

Wells Fargo fires workers after allegedly catching them simulating keyboard activity

Wells Fargo fired more than a dozen workers last month after allegations that the employees were faking work activity on their computers. The bank terminated the workers after investigating claims of “simulation of keyboard activity creating impression of active work,” according to a filingcited by Bloomberg News, which earlier reported the firings. The terminations were reported in disclosures filed with …

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Micro communities offer homeless Americans safe shelter in growing number of cities

In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home. The gated micro community known as “The Melody” doesn’t look like a parking lot anymore. Artificial turf is spread across the asphalt. Potted plants and red Adirondack chairs abound. There’s …

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Waffle House servers are getting a raise — to $3 an hour

Waffle House CEO Joe Rogers III says the restaurant chain is making its “single largest additional investment in our workforce” in its 68-year history by hiking base pay for servers to three bucks an hour. The raises take effect this month and follow a more than year-long campaign led by a union that represents service workers in the South. The …

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Gold prices remain high: Other precious metals worth investing in

The price of gold has been soaring in 2024, with prices hitting a new record high in late May. While prices have retreated a bit below the $2,400 per ounce mark since then, gold prices are still up so far this year by around 13.5% through early June, according to World Gold Council data. These recent price increases have been …

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Tesla shareholders approve $46 billion pay package for CEO Elon Musk

In the history of U.S. corporate pay packages, there have been plenty of massivepayoutsworth almost $1 billion in today’s dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to CEO Elon Musk. The results of the shareholder vote, which concluded today, were announced during Tesla’s annual meeting, prompting a standing ovation from shareholders …

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3 compelling reasons to invest in gold even as inflation cools

Inflation is cooling, and that’s exciting news for those who have been struggling to keep up with the growing cost of living. Today’s inflation report showed that prices grew 3.3% year over year in May. That’s down from April’s 3.4% inflation rate, which was down from March’s 3.5% rate. But, what does that mean for gold investors? Many see gold …

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Elon Musk threatens to ban Apple devices at his companies over its new OpenAI deal

Tesla CEO Elon Musk is threatening to ban his employees from taking Apple devices into their workplaces after Apple CEO Tim Cook announced a partnership on Monday to integrate OpenAI’s artificial intelligence technology into its operating systems. On Monday evening, Musk wrote on his social media platform X that adding OpenAI’s tech into Apple’s systems “is an unacceptable security violation.” …

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Chiquita funded Colombian terrorists for years. A jury now says the firm is liable for killings.

Chiquita Brands was ordered Monday by a Florida jury to pay $38.3 million to the families of eight people killed by a right-wing paramilitary group in Colombia, which the banana grower had funded for years during that country’s violent civil war. Chiquita had previously acknowledged funding the paramilitary group, pleadingguilty in 2007 after the U.S. Department of Justice charged the …

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Is long-term care insurance worth buying in your 40s? Experts weigh in

As you age, it’s normal to start thinking about retirement and the joys and challenges that come with it. If you’re in your 40s, it may be some time before you retire. But, planning for that time now can have its benefits. However, that involves more than simply deciding how much money you’ll save to maintain your current quality of …

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3 big reasons to get pet insurance this June

June and the warmer summer months come with the prospect of fun outdoors and a return to steady exercise for some pets. For pet owners, however, this June may also mark a smart time to improve their budgets with a robust and cost-effective pet insurance plan. With policies averaging less than $100 per month (often cheaper if paid annually), owners …

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