Business

Some pilots flying for American Airlines’ subsidiary regional airlines will soon make nearly twice their current salary in a groundbreaking new pay scheme

by
Some pilots flying for American Airlines’ subsidiary regional airlines will soon make nearly twice their current salary in a groundbreaking new pay scheme

American Eagle regional aircraft.Markus Mainka/Shutterstock Pilots at American Airlines regional carriers Envoy Air and Piedmont Airlines are getting a big pay raise. Pilots at both airlines will make an average of 57% more than Delta Air Lines’ wholly-owned regional Endeavor Air. Line check airmen at both airlines will make $427.50 per hour under the new … Read more

Inflation could mean highest Social Security cost-of-living adjustment since 1981

by
Inflation could mean highest Social Security cost-of-living adjustment since 1981

Bank of America Securities head of US equity and quantitative strategy Savita Subramanian details which stocks are helped, or hurt, by inflation. Social Security recipients are on track to receive the biggest cost-of-living raise in four decades as white-hot inflation rapidly shrinks the buying power of retired Americans. The Senior Citizens League, a nonpartisan group … Read more

Microsoft enters agreement to respect Activision Blizzard union

by

Placeholder while article actions load Microsoft said Monday it would respect the rights of Activision Blizzard workers to join a union, and would enter into a so-called labor neutrality agreement with major media union Communications Workers of America, which has been helping video game workers organize. If Microsoft’s acquisition of Activision Blizzard is approved, the … Read more

Dow sinks sharply as Wall Street worries about drastic action from the Fed

by

New York CNN Business — US plunged into bear market Monday morning as Wall Street investors grew nervous about the prospect of even more harsh medicine from the territory Fed to take the sting out of inflation. The Dow (INDU) sank 600 points or 1.8%, recovering slightly from morning trading when it fell by more … Read more

Markets are now bracing for the possibility of bigger Fed interest rate hikes ahead

by

As inflation climbs to new 40-year highs, expectations for interest rate increases from the Federal Reserve are escalating as well. With the rate-setting Federal Open Market Committee scheduled to hold a policy meeting this week, markets are ramping up their bets on the way things will go, particularly in the months ahead. There’s still about … Read more

Lifetime income illustrations are a ‘wake-up call’ for 401(k) savers

by

Blackcat | E+ | Getty Images You may get a nasty surprise when you open your next 401(k) statement. These statements generally arrive each quarter, either online or by mail. They provide basic information to savers about their investments and the size of their nest egg, for example. Starting in a few weeks, the notices … Read more

Lifetime income illustrations are a ‘wake-up call’ for 401(k) savers

by

Blackcat | E+ | Getty Images You may get a nasty surprise when you open your next 401(k) statement. These statements generally arrive each quarter, either online or by mail. They provide basic information to savers about their investments and the size of their nest egg, for example. Starting in a few weeks, the notices … Read more

The ‘best’ and ‘worst’ places in America for first-time home buyers

by

Angelenos, congratulations — you officially live in one of the worst metro areas for first-time home buyers, according to a new study by Bankrate.com. Out of the 50 largest metro areas studied, Los Angeles ranked 49th in affordability, 48th in employment factors, 30th in safety, and 39th in housing-market tightness, as the supply of homes … Read more

Dow sinks sharply as Wall Street worries about drastic action from the Fed

by

The Dow (INDU) sank 825 points, or 2.7%, and the Nasdaq fell 4.3%. The broader S&P 500 fell 3.6%. That index is now more than 20% below its all-time high set in January, putting stocks in bear-market territory. Inflation and recession fears had eased somewhat at the end of May, and stocks regained some ground. … Read more

Tesla’s ‘strong competitive advantage’ earns stock an upgrade

by

Tesla Inc. is set up well in both the short term and the long run, according to an RBC Capital Markets analyst, who just turned bullish on the stock amid its “favorable” positioning. RBC’s Joseph Spak upgraded electric vehicle maker’s stock TSLA, -6.12% to outperform from sector perform late Sunday, writing of the company’s “more … Read more