Millions of salaried workers would get overtime pay under Biden administration proposal
Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.
2023-08-31 03:27
Hollywood's working class turns to nonprofit funds to make ends meet during the strike
Hollywood crew members are turning to nonprofits like the Entertainment Community Fund for assistance as they have also lost work during the writer and actors strikes
2023-08-31 01:45
Court upholds Michael Avenatti's conviction for plotting to extort up to $25 million from Nike
A federal appeals court has upheld disgraced lawyer Michael Avenatti’s conviction for plotting to extort up to $25 million from shoe giant Nike – one of several legal messes that have landed him behind bars
2023-08-31 01:20
US airlines cancel over 1,000 flights as Hurricane Idalia makes Florida landfall
(Reuters) -Airlines in the United States canceled more than 1,000 flights on Wednesday as Hurricane Idalia slammed into the Big
2023-08-31 00:50
US second-quarter economic growth revised lower as inventories drop
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. economy grew at a slightly less brisk pace than initially thought in the
2023-08-30 22:57
CNN names Mark Thompson, former BBC and New York Times executive, as its new leader
CNN is bringing in former New York Times and BBC leader Mark Thompson in an attempt to turn around its fortunes
2023-08-30 21:46
US economic growth for last quarter is revised down to a 2.1% annual rate
The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate
2023-08-30 20:57
After Tesla relaxes monitoring of drivers using its Autopilot technology, US regulators seek answers
Tesla is letting some drivers use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from U.S. safety regulators
2023-08-30 20:19
Millions more workers would be entitled to overtime pay under a proposed Biden administration rule
The Biden administration is proposing a new rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court
2023-08-30 18:51
S&P 500, Nasdaq futures dip with more economic data on tap
Futures tracking the S&P 500 and the Nasdaq dipped on Wednesday as investors remained cautious in a data-heavy
2023-08-30 18:24
Thai man kills 3 in his family and tries to take his own life after falling prey to online scam
At least 11 people are suspected to be involved with a loan scam that allegedly drove a man to kill his wife and two young boys before trying to take his own life in their family home, Thai police said Wednesday
2023-08-30 15:51
Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy
2023-08-30 15:23