Fast-food price hikes coming as California minimum wage hike looms
OLeary Ventures Chairman Kevin OLeary joins “The Big Money Show” to discuss the ongoing push for electric vehicles and California’s decision to increase the minimum wage. fast food prices California wages are expected to rise this spring as companies respond to the state’s $20-an-hour minimum wage law for fast-food workers, which goes into effect on […]
ForexLive Asia-Pacific FX news wrap: USD/JPY yen back under 148, renewed BOJ hike chatter – ForexLive
Goldman Sachs says President Trump's victory in 2024 will likely cause bond yields and the US dollar to rise Warning from Wells Fargo: Stocks at all-time highs based on false expectations Chinese authorities 'ask' funds to restrict short selling of stock index futures Societe Generale expects USD/JPY to fall below 140 yen in Q2 2024 […]
NJ Gov. Murphy greenlights $33K pay hike for lawmakers, other raises
New Jersey Democratic Gov. Phil Murphy signed a bill that increases legislators' salaries from $49,000 to $82,000, along with raises for their successors and other senior officials. Murphy signed the bill on Tuesday, according to a news release from his office. He did not comment on the bill, which was passed by the Democratic-led Legislature […]
DoorDash to hike NYC delivery fees
DoorDash is raising delivery fees for Big Apple customers and restaurants alike to offset the cost of a recent minimum wage increase for delivery workers, The Post has learned. DoorDash will increase its commission rates starting Wednesday, a month after food delivery apps were required by law to pay employees a higher minimum wage of […]
Georgia House GOP eyes 9-figure preschool spending hike
Republican leadership in the Georgia House of Representatives is aiming to increase funding for the state's preschool program by more than $100 million. Lawmakers are also considering raising teacher pay and providing more funding for classroom infrastructure. “We have to keep up the effort,” Republican Speaker Pro Tempore Jan Jones said of Georgia's education efforts. […]
Fatburger owner to raise prices, trim hours amid minimum wage hike
The owners of four Fatburger franchises in Los Angeles are raising menu prices and shortening workers' hours to offset an impending California law that would raise the minimum wage for fast-food workers to $20 an hour. and abolished paid leave. Marcus Wahlberg, who owns the popular outpost, said he was forced to take drastic action […]
Red Sea attacks hike shipping costs 600% risk prolonging inflation
Terrorist attacks on commercial ships in the Red Sea have driven up shipping costs by more than 600% since the outbreak of the conflict between Israel and Hamas, potentially undermining the Federal Reserve's efforts to curb U.S. inflation. Crude oil prices briefly topped $80 a barrel on Friday, but rose to $78.29 a barrel as […]