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…
President Trump on Monday urged U.S. oil companies to take action to ease gasoline prices, saying that the energy giants “made too much money” from high oil prices due to the Iran war. Mr. Trump’s remarks come as Brent crude, the international benchmark, fell more than 4% on Monday to about $84 a barrel amid…
A coalition of 25 states on Monday filed a lawsuit against the Trump administration, alleging that it exceeded its authority in imposing a new round of sweeping tariffs last month. The import duties, enacted under Section 301 of the Trade Act of 1974, target 60 economies with rates ranging from 10% to 12.5%. “This is President…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
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…
Nearly two-thirds of U.S. federal workers said they wouldn’t enter public service again, citing eroding job security and benefits, according to a recent poll of active and retired government employees. Respondents’ views overwhelmingly reflected concerns about the current federal climate, rather than regret over having chosen careers in government, the National Active and Retired Federal…
Americans want CEOs to walk in their shoes for a while, a new survey suggests. Asked about the one thing they would want corporate leaders to understand about economic life in the U.S. today, a quarter of those polled said the cost of living is too high and that companies should make products more affordable,…
The families of four teenagers who died by suicide are suing Meta, Snapchat, TikTok and YouTube, alleging that using the social media platforms led to severe mental health and physical issues that resulted in their deaths. The lawsuit, filed Thursday in the Superior Court of Delaware, claims that the teens suffered years of harm from…
New York prosecutors are accusing Kalshi of running an illegal gambling operation, becoming the latest state to file a lawsuit against the prediction market. The complaint seeks to halt Kalshi’s operations in New York, force it to pay restitution to consumers who made bets on the platform, forfeit its profits and pay fines equal to three…
Roughly 178,000 OCTROT-brand heated blankets and throws are being recalled because they can catch fire or cause electrical shocks, according to federal safety regulators. The cord on the product can detach and ignite, posing a “risk of serious injury or death from fire, burn and shock hazards,” the Consumer Product Safety Commission said in a…
