WNBA Commissioner Cathy Engelbert is retiring at the end of the year, ending a seven-plus-year tenure that included a lucrative collective bargaining agreement that resulted in the league’s first set of million-dollar player salaries. “Cathy has presided over the WNBA through the most significant period of growth in the league’s 30-year history,” NBA Commissioner Adam…
Mortgage rates have confounded house hunters this year by steadily ticking higher. That trend is likely to continue, according to economists, with some predicting rates will climb back above 7%. “We’re effectively there,” Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “And rates could easily go over.” The average rate for a 30-year…
The U.S. has many economies, not just one. Consider how much the gains in worker pay can vary from city to city. Nationwide, workers in August got a 4.7% bump in gross pay compared to a year ago, while their base pay rose by an average of 3.2%, according to ADP Pay Insights. Yet wages…
Employers across the U.S. are likely to face sharply higher health insurance costs next year, which could drive up how much workers pay for medical coverage, according to a recent survey. Health benefits consulting firm Marsh projects that the total health benefit cost per employee, which measures both employer and employee premium contributions, will rise…
U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
Illinois Democratic Sens. Tammy Duckworth and Dick Durbin harshly criticized FAA Administrator Bryan Bedford for holding up a pay raise for air traffic controllers that Congress approved as part of legislation President Trump signed into law in April. The Homeland Security and Further Additional Continuing Appropriations Act set aside $140 million to give controllers a…
5m ago Diesel hits an all-time high as U.S. gas prices surge ahead of Labor Day weekend U.S. gas prices surged ahead of Labor Day weekend, with diesel hitting a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022. The AAA has predicted that travelers will face…
America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service. Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key…
Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
