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“Peanut butter” pay raises are out, as employers shift to merit-based hikes

More companies are moving away from broad “peanut butter”-style pay raises for workers in favor of merit-based and other kinds of compensation sweeteners for top employees, according to new insights from Payscale. The trend toward rewarding strong individual performers within a business marks a shift away from companies spreading pay hikes evenly across their workforces. Just…

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JPMorgan Chase to invest $750 billion in increasing the U.S. housing supply and homeownership

JPMorgan Chase said on Monday it will invest $750 billion through 2035 to boost the U.S. housing supply, including financing for 1 million affordable housing units and assisting 500,000 people in buying homes.  The investment is part of JPMorgan Chase’s American Dream Initiative, announced in March to boost economic mobility at a time when many…

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Sen. Mark Kelly says Trump administration is “flailing” in Iran and “has to try to figure out a way out of this”

Washington — Democratic Sen. Mark Kelly of Arizona said on Sunday that the Trump administration is “flailing” in its war with Iran, while urging the president to use a different tack to find a way out five months after the conflict began. “They’re stuck, they’re responsible for this, and the president is the one that…

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The biggest weather risk for homeowners? It’s no longer hurricanes.

Tornadoes, hail and powerful winds linked to climate change now pose a bigger threat to homeowners than floods, hurricanes and other forms of extreme weather, according to new research.  In 2025, insurance payouts from “severe convective storms” (SCS) surpassed those resulting from cyclones, making them the costliest insured natural disasters in the world, climate risk…

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U.S. targets California-born leader of ruthless Jalisco cartel 5 months after previous boss “El Mencho” killed

The United States on Thursday announced a slew of sanctions targeting more than 50 Mexican individuals and entities allegedly linked to one of the country’s largest drug cartels, including a California-born man Washington says is the Jalisco New Generation Cartel’s new leader. According to a statement from the Treasury Department, dual U.S.-Mexican national Juan Carlos…

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