Labor Department cracking down on retirement savings advice
The Biden administration announced Tuesday that the Department of Labor will crack down on retirement savings advice to protect workers’ interests. Ministry of Labor announced announced that it has finalized retirement security rules aimed at protecting American workers who save for retirement and rely on advice from fiduciaries to do so. The new rules would […]
Labor Department issues rule to crack down on bad retirement savings advice – CNBC
Headquarters of the U.S. Department of Labor in Washington. Al Drago/Bloomberg via Getty Images In legal parlance, the final rule expands the scope of when brokers, advisors, and other intermediaries must act as “fiduciaries” and are required to provide client-centered advice. means. The final rule will go into effect on September 23rd. The rule continues […]
2024 will be ‘toughest’ labor market ‘in our lifetime’: Report
RedBalloon CEO Andrew Crapuchettes shares insights from his new report, 2024: The Toughest Labor Market, exclusively on FOX News Digital. An “alarming” new study into the future of the labor market highlights this year’s rise in employee shortages and workplace litigation. “This report speaks to how we believe 2024 will be one of the most […]
Julian Hall navigates New Jersey child labor laws to play with Red Bulls
Julianne Hall is just like any other New Jersey teenager. Hall, a New York City native, likes hanging out with friends and playing video games. His favorite is “Call of Duty.” Even now, at age 16, he remains under the protection of the state’s child labor laws. This season has created a unique football situation […]
US files 2nd labor complaint after Mexico refuses to act on union-busting by a Mexican company
MEXICO CITY (AP) — The United States announced Tuesday that it has filed a labor complaint after the Mexican government refused to respond to allegations of union busting by Mexican companies. The Office of the United States Trade Representative announced that it has requested the establishment of a dispute resolution committee under the United States-Mexico-Canada […]
Labor group says California $20 min wage ‘just the beginning’ vows to extend to all sectors despite layoffs
Fair wage advocates are calling for California’s new $20 minimum wage law for fast food workers to be extended to all sectors to help working-class people struggling with the state’s high cost of living. . FOX Business spoke with Saru Jayaraman, president of One Fair Wage, to discuss what she described as a sharp rise […]
Labor group demands California’s $20 minimum wage for fast food workers extend to all sectors
Former Foster’s Freeze assistant general manager Monica Navarro spoke on “The Bottom Line” about the sudden closure and other people’s reactions. Fair wage advocates are calling for California’s new $20 minimum wage law for fast food workers to be extended to all sectors to help working-class people struggling with the state’s high cost of living. […]
Scottie Scheffler, Sam Burns would leave Masters if wives go into labor
For Scotty Scheffler and his friend Sam Burns, this week at Augusta National could be a life-changing one for many reasons. Not only is Scheffler, the 2022 Masters champion, seeking his second major victory, but he and his wife, Meredith, are expecting their first child later this month. Burns and his wife Caroline, who are […]
Teamsters call for nationwide boycott of Molson Coors amid labor dispute
See what’s being clicked on FoxBusiness.com The International Brotherhood of Teamsters is calling for a nationwide boycott of Molson Coors as labor negotiations between the union and the beverage company stall. Approximately 420 members of Teamsters Local 997 in Texas have been on strike at Molson Coors’ Fort Worth brewery for more than a month […]
‘Oppressive child labor’: DOL fines manufacturer for illegally employing migrant children to ‘operate dangerous machinery’
The U.S. Department of Labor on Monday fined a Tennessee manufacturer nearly $2 million for “employing children to operate dangerous equipment” and “requiring them to work longer hours than allowed by law.” press release This was revealed by his agency. A Department of Labor investigation found that 10 children were subjected to “oppressive child labor” […]