Costco plans to hike up its minimum wage to $16 an hour starting next week, putting its pay above the majority of its key competitors, Chief Executive Officer Craig Jelinek announced Thursday. Jelinek made the announcement at a Senate Budget Committee hearing on worker wages at large companies, saying the company’s starting wage for employees…
Costco to Raise Minimum Hourly Wage to $16, Surpassing Key Competitors
Rules of Engagement: How to NOT Fight With Your Fiance About Money
Dear Carrie: My boyfriend and I just got engaged. While we agree on most things, we seem to have a lot of differences when it comes to handling money and have had several arguments about it. How can we keep this from becoming an ongoing problem?—A Reader Dear Readers: “How to avoid fighting about money”…
Retirement Benefit Calculation—the Advanced Course
There are two kinds of people in the world. Those who just want to know the time and those who want to take the clock apart to see how it works. I’m sure most of us fall into the first category. I sure do. But of course, there are always those who need to disassemble…
Starting a New Career at 50
I hear from so many people who are nervous or scared to make a career change in their fifties, even if they’re miserable at their current job. I get it. There are a lot of fears and insecurities that can creep up when you’re thinking about making any big change later in life. Don’t let…
3 Ways to Stop Spending and Start Saving
Did you know nearly 40 percent of Americans can’t cover a $400 expense from their savings? People give many different reasons for not being able to save money, and I’ve heard them all. Some people do have it harder than others, but I’ve also seen enough single moms work three jobs to change their family…
Limit the Potential for Damage
Dear Dave, My husband started working at a new company about a year ago. As part of his sign on, they gave him $5,000 in company stock. The stock has nearly doubled in value since then, and we were wondering if we should buy more, considering how well it has done. Cathi Dear Cathi,…
Exchange Repeatedly Halts Gamestop Trading as Price Surges Past $100
The New York Stock Exchange repeatedly halted trading in the stock of the video game retailer GameStop on Feb. 25 as its price surged above $100 per share in overnight trading. The stock has been favored by small investors who congregate on the Reddit forum r/Wallstreetbets. As of 10 a.m., the exchange blocked trading of…
US Weekly Jobless Claims Fall More Than Expected
WASHINGTON—Fewer Americans filed new claims for unemployment benefits last week amid falling COVID-19 infections, but the near-term outlook for the labor market is unclear after winter storms wreaked havoc in the South region in the middle of this month. Initial claims for state unemployment benefits totaled a seasonally adjusted 730,000 for the week ended Feb….
‘My Income Has Dropped to Zero’: About 45% of Small Businesses Risk Closure Within Months
At least 13.9 million of the nation’s small businesses are at serious risk of shuttering their doors by April 1, a recent industry report found. Forty-four percent of the country’s 31.7 million small businesses are at risk of closing by the end of the first quarter, according to small business group Alignable. Small businesses on…
‘My Income Has Dropped to Zero’: About 45 Percent of Small Businesses Risk Closure Within Months
At least 13.9 million of the nation’s small businesses are at serious risk of shuttering their doors by April 1, a recent industry report found. Forty-four percent of the country’s 31.7 million small businesses are at risk of closing by the end of the first quarter, according to small business group Alignable. Small businesses on…
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