Chipotle exec blames sales slump in California on inflation — not state’s $20 minimum wage
Chipotle President Jack Hartung said California consumers are spending less because of inflation and insisted that price hikes following the state's new $20 minimum wage were not a factor in the decline in sales. “I think it's a macro resistance to inflation in general and in California.” Hartung said in an interview with CNBC's Jim […]
Democratic lawmakers call out nursing home executive pay amid minimum staffing rule fight
Democratic lawmakers are blaming high executive pay at the three for-profit nursing home companies as the industry fights new minimum staffing requirements that would apply to nearly all U.S. facilities. Executive compensation is letter The letter was sent Friday evening to the CEOs of Brookdale Senior Living, National Healthcare and Ensign Group, and was signed […]
Grocery Store Chain Aldi Raising Minimum Wage to $18 and $23 an Hour
Popular grocery store chain Aldi announced on September 4 that it will raise its minimum wage to $18 and $23 an hour as the company grows. Aldi's press release further stated that the company plans to hire more than 13,000 store and warehouse employees across the country as the holiday season approaches. open Additional stores. […]
Bank of America raising its minimum wage to $24 per hour
Bank of America has raised its minimum wage to $24 an hour, bringing it one step closer to its goal of raising it to $25 an hour by 2025. Announced on tuesday. The bank said the minimum annual salary for full-time workers will rise to nearly $50,000 in the United States for both part-time and […]
Bank of America ups minimum hourly pay to $24 in US
See what's clicking on FoxBusiness.com. Bank of America has raised wages for its US hourly workers to $24. The new rates, announced by the North Carolina-based bank on Tuesday, represent a $1 hourly pay increase for all full-time and part-time hourly Bank of America workers in the U.S. The minimum hourly wage for these jobs […]
Shake Shack to shut 6 California locations after state’s $20 minimum wage hike
Shake Shack is closing six underperforming locations in California, becoming the latest fast-food chain to shutter restaurants after the state enacted a controversial $20 minimum wage. The burger chain, which is closing nine Shake Shack locations, said in a filing with the Securities and Exchange Commission on Tuesday that the move comes as a result […]
MLB floats 6-inning minimum for starting pitchers rule
The MLB Commissioner’s Office is reportedly considering a rule change that would require starting pitchers to pitch at least six innings per game. MLB officials told ESPN that the league is looking to increase game time for starting pitchers and reduce injuries. The two ideas seem contradictory, but the league also reportedly wants pitchers to […]
Jazz Chisholm confident he’ll make Yankees return after minimum IL stint
DETROIT — Not only does Jazz Chisholm Jr. believe he can avoid surgery, he also believes he can return before the end of his minimum 10-day stint on the injured list. The Yankees may ultimately put a bit of a pause on Chisholm’s plans for a quick return from a sprained lateral epicondyle in his […]
Returning to TNT cost me ‘a minimum $100 million’
Broadcast free agency was a “humiliating” experience for Charles Barkley, who gave up “at least $100 million” to return to Turner Sports amid uncertainty over TNT’s NBA slot. First appearance “Dan Le Batard Show with the Stuggotts” On Tuesday, amid speculation that parent company Warnes Brothers Discovery could lose NBA media rights after the 2024-25 […]
Harris plan to nix taxes on tips, raise minimum wage could cost up to $200 billion: analysis
Vice President Kamala Harris’ proposal to eliminate the tip tax and raise the federal minimum wage could cost up to $200 billion over 10 years, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget (CRFB) said on Monday Estimation Exempting tip income from federal income taxes and […]