California’s new $20-an-hour minimum wage law for fast-food workers reduced visits to popular chains as restaurants like McDonald’s, Wendy’s and Burger King raised prices to offset higher costs, according to a study. California’s new $20-an-hour minimum wage law for fast-food workers led to higher prices and lower traffic at popular chains including McDonald’s, Wendy’s and … Read more
WASHINGTON (AP) – Senators on Wednesday criticized top health and law enforcement officials for not doing more to combat the rise of illegal electronic cigarettes in the US, a multi-billion dollar business that has thrived amid haphazard enforcement. Democrats and Republicans on the Senate Judiciary Committee expressed frustration and exasperation as they questioned officials from … Read more
WASHINGTON (AP) – Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months, but signaled that they expect to cut their key interest rate only once this year. Policymakers’ forecast for one rate cut was down from an earlier forecast of three because inflation, despite cooling in the … Read more
The fast food industry has been wringing its hands over the devastating impact on its business from California’s new minimum wage law on its workers. Their raw numbers certainly bear this out. A full-page ad recently placed in USA Today by the California Business and Industry Alliance claimed that about 10,000 fast food jobs had … Read more
Stellantis CEO Carlos Tavares holds a press conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters DETROIT – From the beginning of a union to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. This is starting to pay dividends for the company and investors. … Read more
Elon Musk had a sexual relationship with a SpaceX employee who started at the company as an intern and then was hired not long after she graduated from college before ending things, according to a report. Musk, who has a fortune estimated by the Bloomberg Billionaires Index at $198 billion as of Wednesday, also pursued … Read more