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Engadget
Amazon boosts wages for hourly workers across the US
Amazon has announced that it’s spending nearly $1 billion boosting wages for hourly workers in the US amid criticism of its labor practices and union battles.
Bloomberg
China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start
(Bloomberg) — The latest high-stakes drama between the world’s biggest superpowers is unfolding in the unlikeliest of places: a Hong Kong office tower full of accountants.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesTrump Refuses to Delay Florida Deposition in Phone-Fraud Case
Reuters
Amazon raises hourly pay for warehouse and transportation workers
Amazon said the pay hikes would cost the company nearly $1 billion over the next year. Amazon’s minimum wage for hourly employees in the U.S. remains $15, a spokesperson told Reuters. The online retailer’s decision also comes as some workers continue to push to unionize Amazon facilities in the United States.
Bloomberg
Almost Half of Porsche IPO Bids Miss Out on High Demand
(Bloomberg) — Porsche AG attracted so much demand for its landmark 9.4 billion-euro ($9.1 billion) initial public offering that almost half the investors that put in orders were not allocated shares in the deal, according to people familiar with the matter.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia
TheStreet.com
Bed Bath & Beyond Stock: It’s All Over But the Shouting
Best Buy has a fairly unique story in the retail world. The electronics chain appeared to be on its way toward bankruptcy when it made the unconventional choice to hire Hubert Joly — an executive with a hospitality background — to take over the chain. At the time, that move seemed like a misstep, but it turned out to be one of the best hires it retail history.
SmartAsset
Can I Apply for an Ex-Spouse’s Social Security Benefit?
Marriage can affect how you do your taxes, make money and plan for retirement. If your marriage ends, it’s important to know the rules regarding divorce and Social Security. Who’s eligible for what benefits, how much can you collect and … Continue reading → The post Social Security Rules After a Divorce appeared first on SmartAsset Blog.
SmartAsset
This Is How Much Retirement Income You Need to Live Comfortably
Saving for retirement is perhaps the most major financial goal every American has. But once you retire, you’ll need an adequate income to replace what you were making pre-retirement. As you might imagine, this number will vary from person to … Continue reading → The post What Is a Good Retirement Income? appeared first on SmartAsset Blog.
SmartAsset
Smart Strategies for Limiting RMDs
Saving for retirement is hard. It takes discipline, intelligence and likely a little bit of luck. You have to put money into your retirement fund consistently, make smart investment choices and hope that none of them end up going sideways. … Continue reading → The post 4 Strategies to Limit RMDs appeared first on SmartAsset Blog.
Oilprice.com
Oil Prices Could Be Set For Another Sharp Rise
Bullish and bearish catalysts are battling it out in the oil market, but macro factors could win out and bring oil back to the $100 level
SmartAsset
The Smart Way Retirees Are Protecting Their Money from Inflation
Retirees who find themselves hit by higher prices, lower stock returns and big health care bills might consider boosting their bank accounts by heading back to work – and employers are waiting to welcome older workers back with open arms. … Continue reading → The post Hammered by Inflation? A ‘Returnship’ Could Keep Retirees From Running Out of Cash appeared first on SmartAsset Blog.
Bloomberg
Oil Fluctuates With OPEC+ Cuts Weighed Against Growth Outlook
(Bloomberg) — Oil traded near $82 a barrel as traders weighed a clouded outlook for global economic growth against the potential for output cuts from the OPEC+ producer group.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesTrump Refuses to Delay Florida Deposition in Phone-Fraud C
Motley Fool
Why Oil Stocks Are In Rally Mode Today
Oil prices bounced higher on Wednesday. Notable names on the upswing today were Chevron (NYSE: CVX), Devon Energy (NYSE: DVN), Phillips 66 (NYSE: PSX), and Energy Transfer (NYSE: ET). Here’s a look at what’s fueling the oil market’s rebound and how it impacts these companies.
