Category: Economy

Does a $70,000 minimum wage work?

About a year ago, Gravity Payments CEO Dan Price turned the national debate over a $15 minimum wage inside out by announcing that he was raising the salaries of his 100 or so employees...

Negative Rates Hit Global Shipping Market

The owner of the world’s biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The monetary policy environment “means that consolidation will be much...

TV Ad Spending Shows Signs of Revival

As television networks enter the frenzied ad-sales period known as the “upfronts,” they would seem to have a dismal story to tell. Cord-cutting is rising, ratings are sinking and ad-free streaming services such as...

IMF Boss Urges U.S. To Raise The Federal Minimum Wage

The U.S. should increase the federal minimum wage, expand a key tax credit for low-income workers and enact more “family-friendly” policies if it wants to boost the economy, Christine Lagarde, the managing director of the International Monetary...

Has the Federal Reserve messed up?

America’s central bank has two goals: get the country to full employment and keep the costs of goods stable. The Federal Reserve can put a fat check mark next to those goals. So why...