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NYC food-delivery workers losing jobs after minimum wage hike: report

New York City’s minimum wage hike has boosted pay for food delivery workers who have managed to stay employed, but city officials report that thousands have lost their jobs as the cost of delivering meals has skyrocketed. A report from New York City’s Department of Consumer and Workforce Protection said pay has increased substantially due […]

DC minimum wage hike to $17.50 goes into effect on Monday

Washington, D.C., will raise its minimum wage from $17 to $17.50 per hour for nontipped workers and from $8 to $10 per hour for tipped employees, effective Monday. The Office of Wage-Hour Compliance at the Department of Employment Services oversees the enforcement of fair compensation practices to ensure employers in the district fulfill their obligations […]

Fed’s Bowman Sees No Cuts This Year, Warns of Possible Rate Hike

Bowman issues warning to rate cutters Market remains most underestimated risk Federal Reserve Rate Hikes. The Federal Funds futures market The Federal Reserve is almost certain to cut interest rates They see a 94% chance of at least one rate cut by the end of the year and a 65% chance of two cuts by […]

Paramount+ to hike streaming prices, joining rivals — here’s how much plans will cost

Media giant Paramount Global said on Monday it will raise subscription fees for its flagship streaming service as it seeks to rebalance its business and pay down debt. The repricing comes at a time when merger talks between non-executive Chairman Shari Redstone and David Ellison’s Skydance Media to sell Redstone’s controlling stake in Paramount Global […]