Millions of salaried workers would get overtime pay under Biden administration proposal
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
2023-08-31 03:24
Mitch McConnell Appears to Freeze Again in Kentucky Appearance
Senate Republican Leader Mitch McConnell appeared to freeze again while taking questions from reporters on Wednesday at an
2023-08-31 02:58
Fed can stop hiking rates if economy slows at current pace, Rosengren says
By Lisa Pauline Mattackal The Federal Reserve can end its interest rate hiking cycle if the labor market
2023-08-31 02:29
Visa, Mastercard plan to hike credit-card fees - WSJ
Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept
2023-08-30 22:27
Some offshore creditors of Country Garden consider forming group for debt revamp talks
By Xie Yu HONG KONG Some offshore creditors of embattled Chinese developer Country Garden are in talks with
2023-08-30 17:21
Column-September sees Fed dot plot thicken :Mike Dolan
By Mike Dolan LONDON Markets appear to have batted away next month's Federal Reserve gathering as a paused
2023-08-30 14:25
CNN Reportedly Poised to Pick Mark Thompson as Next CEO
Mark Thompson, the former chief executive officer of The New York Times Co., is set to take up
2023-08-30 13:46
Key San Francisco Fed official who oversaw supervision of SVB will retire
Azher Abbasi, head of supervision at the Federal Reserve Bank of San Francisco — and a key official with direct oversight over failed Silicon Valley Bank — will retire at the end of October, the regional reserve bank announced this week.
2023-08-30 08:52
These are the first 10 drugs subject to Medicare price negotiations
The Biden administration unveiled Tuesday the names of the first 10 drugs subject to price negotiations in Medicare, including several popular blood thinners and diabetes medications.
2023-08-30 03:51
Key US jobs data boost Fed's 'soft-landing' hopes
By Howard Schneider WASHINGTON Key U.S. jobs data began approaching pre-pandemic levels in July, a sign of the
2023-08-30 03:21
Fed to keep markets guessing on rate pauses and cuts -former policymakers
By Divya Chowdhury and Lisa Pauline Mattackal The U.S. Federal Reserve is unlikely to provide clear signals on
2023-08-30 03:19
FedEx to raise shipping rates, customs fees from next year
FedEx Corp said on Tuesday it would increase shipping rates and customs clearance service fees on imports from
2023-08-29 21:47