CNN — Mexico’s minimum wage will increase by 20% from 2023, the government announced on Thursday after it reached a deal with the labor and business sector. The rise will begin on January 1, where the daily minimum wage will go from 172 Mexican pesos ($9) to 207 Mexican pesos ($10.82), Labor Minister Luisa Maria […]
New York CNN Business — As freight railroad workers look to Congress to provide them with paid sick days, millions of other American employees have no safety net if they fall ill. The US does not have a national standard on paid sick leave, a rarity among industrialized nations. Roughly 1 in 5 civilian workers […]
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — An unexpected result of the US Men’s National Team reaching the knockout round of 16 at the FIFA World Cup in Qatar is that the US Women’s National Team will get […]
New York CNN Business — President Joe Biden was in the unusual position Tuesday of being praised by business interests and attacked by his normal allies in the labor movement after calling for Congress to move immediately to block a strike by more than 100,000 union members at the nation’s freight railroads set for the […]
Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation and rising interest rates. But that hasn’t deterred most retirement savers, especially the youngest ones. 401(k) participants have held relatively steady in their savings contribution rates and in their portfolio allocations, according to new third quarter […]
Editor’s Note: This is an updated version of an article that first published on June 13, 2022. The “crypto winter” that hit earlier this year walloped digital asset prices and served as a healthy reminder that cryptocurrencies are highly risky, volatile investments. But now, in the wake of crypto exchange FTX’s implosion, crypto investors were […]
Washington, DC CNN — Tesla and CEO Elon Musk will spend this week in court to defend the massive compensation package that helped make him the world’s richest man. The week-long trial in Delaware Court of Chancery will examine the 2018 compensation plan that the automaker’s board of directors created for Musk. The automaker said […]
Minneapolis CNN Business — A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to maintain its pace of historic rate hikes. On a monthly basis, overall consumer prices increased by 0.4% from August, according to data released Thursday by the Bureau […]
London CNN Business — The Bank of England is struggling to contain a crisis triggered by the UK government’s brash plans to borrow heavily to pay for tax cuts, feeding fears that the country’s financial markets could once again spin out of control. Almost 20 days after Finance Minister Kwasi Kwarteng unveiled his much-criticized plan […]
London CNN Business — Pension funds are designed to be dull. Their singular goal — earning enough money to make payouts to retirees — favors cool heads over brash risk takers. But as markets in the United Kingdom went haywire last week, hundreds of British pension fund managers found themselves at the center of a […]
