CEO pay up 17% as profits, stocks soar; employees fall behind
Compensation for CEOs who run the largest companies in America jumped to an average of $14.5 million.
Bank of America to raise minimum wage to $22 an hour
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.
Taxpayers can now track refunds for past two years
The IRS recently updated its “Where's My Refund?” online tool to introduce the new feature where taxpayers can select any of the three most recent tax years to check their refund status.
Baby formula shortage: 78,000 pounds of formula arrives in US
The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.
Wells Fargo accused of holding fake job interviews with minority candidates: report
A former Wells Fargo executive says he was fired for flagging the alleged fake job interviews to his superiors
As inflation soars, one-third of Americans are experiencing financial stress: Survey
More than one-third of households reported difficulties in paying bills recently.
Workers decry high cost of parking at upscale San Jose mall
Some minimum wage workers are outraged they are required to pay for their parking while on the job. They say the cost can approach $500 annually.
BBB warns against baby formula scams amid national shortage: 'Scammers are watching'
The baby formula shortage could inspire scammers to strike online, the Better Business Bureau warns.
Wendy's, McDonald's lawsuit claims burger ads mislead consumers on patty sizes
Attorney James C. Kelly told FOX Business, 'There is no good reason why Wendy’s and McDonald’s should be allowed to use trickery in their advertising.'
Electric vehicle new registrations jump 60% in 1st quarter of 2022
Over 135,000 people bought an electric car in the first three months of this year.
Travel expert warns pilot shortage crisis will get 'bigger and bigger'
The Points Guy founder and CEO Brian Kelly said "When they (airlines) don't have enough pilots, there's less flights, and less flights means more expensive flights."
6 months in, Biden's infrastructure plan has 4,300 projects
The Biden administration announced $110 billion for the projects will be used for federal highways, public transit, bridges, safety, and airports. This news comes months after President Joe Biden signed the $1 trillion infrastructure bill into law.
Retiring on high seas: More living out golden years aboard cruise ships
With home prices skyrocketing and cruising increasing in popularity, more people are looking to live out their golden years out on the open seas.
Bitcoin tumbles, a stablecoin plunges in wild week in crypto
Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value.
Elon Musk: Twitter deal 'temporarily on hold' pending details on spam accounts
Elon Musk said his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts. He later added that he's "still committed to acquisition.”
Inflation gave most Americans a 2.6% wage cut in April
The typical US worker is worse off today than they were a year ago due to inflation.
Alaska mom says baby formula shortage 'creating extra panic' as she launches group for struggling parents
Allie Seckel of Kodiak, Alaska, also revealed how parents can avoid online scams.
Unusual trends in job market contribute to inflation
There are some fascinating but scary crosswinds blowing though the labor force; winds that also seem to be fueling inflation.
California Gov. Newsom proposes inflation relief checks
Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.
Abbott says it will be at least two months before baby formula from shuttered plant hits shelves
The baby formula shortage continues to get worse.