Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
Restaurant workers in seven U.S. cities on Tuesday lobbied state and local lawmakers to combat sexual harassment in the industry by shifting from the $2.13 federal minimum wage for tipped employees to a higher "fair" wage.
Some 70 percent of workers who receive tips in addition to their hourly pay in the United States are women.
The combination of low hourly pay and dependence on customer gratuities makes them particularly vulnerable to harassment from customers and colleagues, said Saru Jayaraman, president of the Restaurant Opportunities Centers United (ROC) which advocates for better working conditions.
Women workers earning their state's full minimum wage before tips reported half the rate of sexual harassment as women in the states that pay $2.13 per hour, according to a study from ROC, which has called on lawmakers to follow the lead of California, Washington, Nevada and four other states that pay the more generous "fair" wage.
"This is not about sex, this is about power," said Jayaraman. "When you shift the power balance ... sexual harassment gets cut in half."
Seventeen states, including New Jersey and Texas, as well as the District of Columbia pay tipped workers $2.13, a federal minimum wage that has not changed in more than two decades. New York, Florida and the remaining states pay somewhere in between.
New York Governor Andrew Cuomo is among the lawmakers already weighing a move to the higher "fair" wage.
ROC's national day of action on Tuesday included rallies in Philadelphia, Seattle, and Oakland, as well as actions in Washington, D.C., Detroit, New Orleans and Oakland, California.
The restaurant industry, which employs half of American women at some point in their lives, has an advantage over other industries when it comes to addressing sexual harassment because it was already advocating for a clear policy solution when the #MeToo social media movement against harassment gained momentum late last year, said Jayaraman.