Consumer Archives

CBO says raising minimum wage to $15 would reduce poverty but increase the deficit and cost jobs

February 8, 2021 10:59 AM CNN Newsource, Christian Galeno

Raising the federal hourly minimum wage to $15 would reduce poverty — but would also cut employment by 1.4 million workers and increase the federal…

Five tips to reduce spending at the grocery store, while still eating your favorite things!

February 8, 2021 6:20 PM Jenny Day

Five ways to save money at the grocery…

Why Main Street banks are doing better than Wall Street firms

February 8, 2021 10:41 AM CNN Newsource

If you are looking for another sign that the economy is rebounding and that average Americans are finally starting to benefit, you should check out…

Chevron may not be an oil-first company in 2040, CEO says

February 8, 2021 10:36 AM CNN Newsource

Chevron has built a $170 billion fossil fuels empire that has made the 141-year-old company synonymous with the oil-and-gas…

Tesla’s $1.5 billion investment sends bitcoin to record highs

February 8, 2021 10:25 AM CNN Newsource

It’s an exciting day if you’re an investor in Bitcoin and/or Tesla. The cryptocurrency soared to a new all-time high of $44,868.98 per bitcoin after…

Negative interest rates and huge deficits are the new normal. What comes next?

February 8, 2021 10:17 AM CNN

The pandemic is pushing economic policy to the limits. Governments around the world are running record budget deficits, and central banks are…

Gas prices are up

February 8, 2021 7:55 AM Dominique Newland, NBC News

(KYMA, KECY/NBC News) – The retail price of regular gasoline is still climbing, this time more than 5-cents per gallon over the last two…

Biden turns to skills that powered his 2020 victory to sell Covid-19 relief

February 7, 2021 6:56 PM CNN

Nearly three weeks into office, President Joe Biden is trying to do what he knows how to do best — connect with average Americans, letting them…

Despite huge losses, US airlines are rolling in cash

February 7, 2021 11:18 AM CNN Newsource

The US airline industry just closed the books on the worst year in its history, losing a combined $32 billion excluding special items. Yet it still…

Kroger to pay workers $100 if they get the Covid-19 vaccine

February 6, 2021 11:40 AM CNN Newsource

Kroger has joined a growing list of large US grocery store chains offering incentives for workers to get the Covid-19…

Consumer: Jobs Report

February 5, 2021 6:15 PM Mercedes Martinez

Hiring remains slow as pandemic continues According to today’s consumer report, “the Department of Labor says the U.S economy added 49,000 jobs in…

Stocks rise again even as jobs report shows slow recovery

February 5, 2021 2:52 PM CNN

The first jobs report of the Joe Biden presidency was less than OK — but Wall Street cheered anyway. Stocks rose Friday, extending all-time…

Home work environment causes longer hours than before pandemic

February 5, 2021 2:46 PM Caleb J. Fernández, CNN

New statistics suggest family time is spent working YUMA, Ariz. (KYMA, KECY) – Though COVID-19 is restricting, it may not be limiting work time from…

A Black woman will be the world’s top trade official for the first time

February 5, 2021 2:15 PM CNN

The path has been cleared for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade…

He spent years advocating for construction workers. Now he could shake up the gig economy

February 5, 2021 10:17 AM CNN

Marty Walsh may not seem like the person to overhaul the gig economy. He spent years advocating for construction workers and less time on the…

GM, Ford and other carmakers can’t get enough chips. It’s a huge problem

February 5, 2021 9:22 AM CNN

A semiconductor shortage is battering the global auto industry at a crucial moment, and the pressure shows no sign of easing soon. What’s…

Kuaishou stock soars 160% in world’s biggest IPO since 2019

February 5, 2021 8:15 AM CNN

Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic…

Stocks pop despite jobs report showing slow recovery

February 5, 2021 8:14 AM CNN

The first jobs report of the Joe Biden presidency was less than okay — but Wall Street cheered anyway. Stocks rose Friday morning, extending…

The unemployment rate hasn’t budged in months as America’s jobs crisis drags on

February 5, 2021 4:57 AM CNN

The jobs recovery has hit a roadblock: The US jobless rate hasn’t improved since the fall and economists don’t have high hopes that this…

American Airlines warns employees of furloughs as airlines prepare to lose federal aid

February 4, 2021 2:48 PM Dominique Newland

(KYMA, KECY) – American Airlines on Wednesday said it will send furlough notices this week to about 13,000 employees as a second round of federal…