Top Biden economic adviser downplays potential job losses from $15 minimum wage
President Biden's top economic adviser Brian Deese downplayed a recent report from the nonpartisan Congressional Budget Office that found raising the minimum wage from $7.25 to $15 an hour by 2025 would cost the economy about 1.4 million jobs.
NY restaurant owner: Miami has become 'more appealing' for small businesses amid pandemic
Garry Kanfer on restaurant opening, Miami
McDonald's plans to diversify leadership following racial discrimination allegations
McDonald’s is setting new diversity goals to bring more women and minorities into management roles.
Stock futures trade higher to end the week
Traders will be watching for the latest existing home sales figures
CEO confidence in U.S. economic outlook reaches 17-year high
U.S. business leaders expect to cut fewer jobs and a growing number plan to sharply raise employees’ pay in the months ahead as confidence in the economic outlook surges amid the rollout of COVID-19 vaccines, a survey released on Thursday showed.
Study finds 1 in 10 U.S. workers may have to switch jobs by 2030 due to the impact of COVID-19
McKinsey's research finds that U.S. workers without a college degree, minorities, women and young people will be the most likely to be the hardest hit.
Gunmaker Sturm Ruger ramps up hiring as demand soars
Sturm Ruger & Co. is staffing up in order to meet the “historic surge” in gun demand that has depleted its inventory.
US may be back to full employment by mid-2022: Economist
Economist on U.S. economy’s growth amid pandemic
Another 861,000 Americans filed for unemployment benefits last week
The Labor Department released data showing how many Americans filed for unemployment benefits last week.
Fed Minutes: Slowing economy remains a concern among officials
The Fed signals the ongoing public health crisis is still posing "considerable risks" to the economy.
Universal basic income could be coming for kids
Entrepreneurs, intellectuals and presidential candidates have in recent years touted “universal basic income,” a cash stipend to everyone with no strings attached, as the answer to poverty, automation and the drudgery of work. It has never gotten off the ground in the U.S.
California brewery owner announces he is running for governor
Bart Avery on California lockdowns, Gov. Newsom
Housing market is the 'best performing segment of the economy': NAHB CEO
Jerry Howard on real estate market
As Congress considers minimum wage hike, National Restaurant Association says it would kills jobs and increase menu prices
The National Restaurant Association sent a letter to congressional leaders Tuesday urging them against raising the minimum wage to $15 an hour, saying that it would force businesses to cut jobs, decrease hours, increase menu prices, and close down altogether in some cases.
Gristedes Foods president on NYC's mass exodus to Florida
John Catsimatidis on New York City's mass exodus.
NYC is a ‘ghost town': Billionaire supermarket owner
John Catsimatidis on New York’s mass exodus.
Ex-NYPD lieutenant: Minneapolis had 'no plausible plan or solution' for defunding the police
Darrin Porcher on defunding the police.
Some truckers are thriving as companies reset supply chains
Companies including Old Dominion Freight Line Inc., ArcBest Corp. and Saia Inc. are expanding as businesses try to make their supply chains more nimble to catch up to rapidly shifting consumer demands.
Government needs to follow 'science', not 'teachers unions': Heritage Foundation senior adviser
Genevieve Wood on stimulus, lockdowns
Democrats passing $15 minimum wage will hurt teen employment most, economic education expert says
A $15 minimum wage would “destroy capitalism” by denying young people the “first rung on the ladder of economic opportunity, Foundation for Economic Education opinion editor Brad Polumbo warned on Monday.