A million bucks isn’t what it used to be. Just ask American millionaires, a number of whom say they don’t even consider themselves wealthy. To be sure, how far $1 million takes you can depend on a number of factors, including where you live and whether or not you support dependents. But the rest, apparently, is subjective. Only one-third of …
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Bank of America is closing in on its objective of paying its U.S. workers a minimum of $25 an hour by 2025, increasing its base wage to within a buck of that goal starting in October. The step represents an increase from a $23 hourly rate set last September, the Charlotte, North Carolina-based bank said Tuesday. The $1 hourly boost, …
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American household incomes rebounded ahead of the election year, with the typical family locking in a 4% bump in earnings in 2023, according to new U.S. Census data. It’s the first time since 2019 that households have enjoyed a significant earnings increase, the agency said. Median household income jumped to $80,610 in 2023, roughly on par with Americans’ 2019 earnings …
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Gold investing has seen a surge of interest in recent years thanks to an inflationary economic climate and the benefits the precious metal can provide when prices rise. But with inflation cooling and cuts to interest rates looming for later this year, those who invest in gold now will be entering a different market than those who invested in the …
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Volkswagen says auto industry headwinds mean the German automaker can’t rule out plant closings in its home country, while the company is also dropping a longstanding job protection pledge that would have barred layoffs through 2029. “The European automotive industry is in a very demanding and serious situation,” Oliver Blume, Volkswagen Group CEO, said in a statement Monday. He cited …
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Ten thousand hotel workers across the U.S.went on strike beginning Sunday, with employees at major chains including Marriott and Hyatt walking off the job in cities including Boston, San Francisco, San Jose and Seattle. The strike comes as millions of Americans are traveling over the busyLabor Day weekend. The Unite Here union, which represents more than 40,000 workers, has been …
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Hewlett Packard Enterprise will pursue a lawsuit against the estate of British tech entrepreneur Mike Lynch, who died in August after his yacht sank off the coast of Sicily. Britain’s High Court in 2022 ruled mostly in favor of the U.S. technology company, which accused Lynch and his former finance director of fraud over its $11 billion takeover of his …
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Labor Day may be a national holiday, but it’s also a big day for family get-togethers and backyard grilling with friends, often requiring a quick dash to pick up extra hamburger buns or drinks. The good news is that plenty of retailers will be keeping their doors open on September 2. Others will remain closed on Labor Day — a …
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ESPN, Disney, ABC stations and streaming services including Hulu went darkfor millions of DirecTV customers on Sunday, with the networks pulled by network parent Walt Disney Co. over a contract dispute. The services were pulled on a busy night for sports events, with the new college football season kicking off its first full weekend and ESPN airing the U.S. Open …
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Labor Day marks the unofficial end of summer, a time when many Americans gather with family and friends for barbecues, beach outings and relaxation. But as we take the time to honor the contributions and achievements of American workers, it’s also fitting to consider how to make the money you earnwork harder for you. After all, ensuring that you’re on …
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