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About 10,000 U.S. hotel workers strike as contract talks break down
The Hyatt Regency Washington on Capitol Hill is seen on August 21, 2024 in Washington, DC. Anna Rose Layden | Getty Images Some 10,000 U.S. hotel workers began a multi-day strike in several cities on Sunday after contract talks with hotel operators Marriott International, Hilton Worldwide and Hyatt Hotels stalled, the Unite Here union said. Unite Here, which represents workers in hotels, casinos, and airports across the United States […]
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Trump’s plan to slash government could hurt Republicans in a key House race
WASHINGTON — For nearly a decade, former president Donald Trump has rallied voters around a cry to cut the size of the federal government and “drain the swamp.” But now one Republican running in a key House race is trying to distance himself from the proposed cuts, and from Trump’s plan to move 100,000 federal […]
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You have a right to ignore your bosses — but only in these countries, and after work hours
A young woman working at a table in a garden. Ute Grabowsky | Photothek | Getty Images Australia has become the latest country to allow employees the “right to disconnect” from work, a measure that has so far been implemented mostly in European nations. Under the new legislation, that came into effect on Monday, organizations […]
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This woman made up to $110,000 a year as a nanny for the ultra-rich. Here’s what she learned from the job
Stefanie Kiser Book: “Wanted: Toddler’s Personal Assistant”. Cover design by Jillian Rahn/Sourcebooks. Courtesy: Stefanie Kiser Stephanie Kiser came to New York City in 2014 as a new college graduate, hoping to become a screenwriter. Instead, she spent the next seven years as a nanny for wealthy families. Kiser’s new memoir, “Wanted: Toddler’s Personal Assistant: How […]
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Restaurants fight back against the FTC crackdown on ‘junk fees’ as diners balk at new charges
Leopatrizi | E+ | Getty Images Lawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight. Surcharges or fees covering everything from credit card processing to gratuities to “inflation” have become more popular on restaurant checks in recent years. Last year, 15% of restaurant owners added surcharges […]
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Markets are now wondering whether the Fed might cut by half a point in September
With Federal Reserve Chair Jerome Powell all but confirming that an interest rate cut is imminent, the market’s attention Friday quickly turned to when and by how much. Traders continued to price in a greater likelihood that the Fed will kick off what is expected to be a protracted easing campaign in September with a […]
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Why remote work has staying power: It’s ‘still kicking,’ economist says
Key Points Remote work surged during the Covid-19 pandemic and appears to have staying power. It has endured largely because it has perceived benefits for both workers and employers, economists said. Source
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A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty Images Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not be sufficient to steer […]
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Recent volatility spike was a ‘huge overreaction,’ but expect more ahead, UBS strategist says
August has been a choppy month for markets, with uncertainty over the health of the global economy sparking a jump in volatility. At the start of the month, a weaker-than-expected jobs report in the U.S. raised concerns about a potential recession and caused U.S. stocks to slide. Meanwhile, a more hawkish tone from the Bank […]
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Michelle Obama: Trump used ‘misogynistic, racist lies’ to ‘try to make people fear us’
Former First Lady Michelle Obama directly challenged former President Donald Trump over his decade-long effort to vilify the Obamas in her speech at the Democratic National Convention in Chicago on Tuesday. “Donald Trump did everything in his power to try to make people fear us,” Obama said. “Doubling down on ugly, misogynistic, racist lies as […]
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