(NEXSTAR) — Since 2009, the federal minimal wage within the U.S. has been $7.25 an hour. A brand new invoice launched within the Senate hopes to lift it to $15 an hour subsequent yr, adopted by incremental will increase to mirror inflation. In some states — together with people who have already got a minimal wage of $15 an hour or extra — that fee isn’t sufficient to cowl the common prices a resident might have, in keeping with MIT’s Dwelling Wage Calculator. The calculator takes under...

A few third of child boomers who personal their houses do not count on to ever half with them, in accordance with a brand new ballot. The survey, which was carried out by Ipsos final month for nationwide actual property firm Redfin, discovered that one other 30 % of the post-World Struggle II era mentioned they may promote sooner or later — simply not throughout the subsequent decade. Comparatively, a few quarter of householders who’re a part of Gen X — loosely outlined as folks born...

President Trump on Friday floated the potential for firing Federal Reserve Chair Jerome Powell as a part of his newest spherical of intense criticism of the chief of the central financial institution over its resolution to not decrease rates of interest. Trump, in a prolonged publish on Fact Social, railed towards Powell, labeling him a “numbskull,” “a dumb guy,” “and an obvious Trump Hater.” Trump appointed Powell to the publish in 2017. “I fully...

Almost 1,000 ships have skilled “persistent and sometimes severe” GPS sign jams each day the previous week close to Iran because the nation continues to face bombardment from Israel’s army, a French naval monitoring agency warned Friday. The Maritime Info, Cooperation and Consciousness (MICA) Middle wrote in a put up on the social platform X that the state of affairs “makes it harder to navigate safely at night, in poor visibility and/or when traffic density is...

The Nationwide Transportation Security Board (NTSB) on Wednesday beneficial that Boeing modify the engines on 737 Max planes due a security drawback attributable to fowl strikes.  The problem got here to mild throughout two 2023 flights in Havana, Cuba and New Orleans when smoke stuffed the cockpit or cabin after a strike, in response to the Related Press.  Each Boeing and the Federal Aviation Administration (FAA) warned pilots in regards to the concern, which the NTSB stated is attributable...

Though we’ve lately seen some constructive actions on the subject of girls in management roles, a brand new report reveals that ladies typically must be extra certified than males to be thought of for CEO positions. Boundaries and Breakthroughs: A Knowledge-Pushed Have a look at Ladies CEOs at America’s Largest Companies, carried out by Ladies’s Energy Hole, analyzed the profession paths of all present S&P 500 CEOs, and its outcomes problem the misperception that ladies attain CEO roles...

(NEXSTAR) — About 100,000 Crayan model mattresses, which had been bought solely on Amazon, are being recalled over considerations they do not meet federal security flammability necessities and will catch fireplace. The recalled mattresses had been bought on-line at Amazon.com from July 2022 to June 2024, for $100-$220. Customers ought to cease utilizing the mattresses instantly, says the retailer, Foshanshi Liyue Jiaju Youxian Gongsi, dba Crayan Inc., of China. May you deal with this ice...

DraftKings, a sports activities betting firm, stated Wednesday it filed with the Federal Election Fee (FEC) to create a company political motion committee (PAC). DraftKings’ PAC will fall below the separate segregated funds (SSFs) class, which suggests the committee can solicit contributions solely from people related to a related or sponsoring group, based on the FEC.   “We have established this PAC to support state and federal candidates and organizations who have shown an interest in...

U.S. Metal mentioned Wednesday it finalized its merger with Japan’s largest steelmaker, Nippon.  President Trump lauded the acquisition as a partnership during which the U.S. would keep a “golden share” of earnings with expanded investments in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama.  “U. S. Steel will remain rooted in the United States and continue to call Pittsburgh home. Through our partnership with Nippon Steel, we are poised to grow better and bigger, with...

The overseer of Fannie Mae and Freddie Mac is waging a web based battle to power out Federal Reserve Chair Jerome Powell. Over the span of 24 hours, Federal Housing Finance Company (FHFA) Director Invoice Pulte has written or shared greater than dozen posts on social media calling for Powell’s resignation or sharing the rationale for doing so, throwing his politically impartial company right into a partisan battle. “I am calling for Federal Reserve Chairman, Jay Powell, to...

President Trump on Wednesday urged the Home to move a invoice regulating cost stablecoins that cleared the Senate earlier this week, asking lawmakers to shortly get the laws to his desk with none adjustments.  “The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS!” Trump wrote in a publish on Fact Social of the GENIUS Act.   “Digital Assets are the future, and our Nation is going to...

President Trump signed an govt order Thursday extending the deadline for TikTok’s father or mother firm to divest the favored video sharing app by 90 days. The order punts the deadline for China-based ByteDance to Sept. 17. The latest deadline was Thursday. “I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025). Thank you for your attention to this matter!” Trump wrote in a put up on Fact Social, attaching a...

The Federal Reserve saved interbank rates of interest at a spread of 4.25 to 4.5 % Wednesday amid commerce coverage fluctuations and strain from President Trump. Fed officers burdened the general well being of U.S. financial circumstances, which has seen lowering inflation in current months together with regular ranges of low unemployment. “What we’re waiting for, to reduce rates, is to understand what will happen with the tariff inflation. There’s a lot of uncertainty about that,” Federal...

The Division of Justice (DOJ) on Wednesday introduced the largest-ever seizure of cryptocurrency funds linked to so-called pig-butchering scams. The U.S. lawyer’s workplace filed a civil forfeiture grievance within the District Courtroom for the District of Columbia to grab greater than $225.3 million in cryptocurrency that federal prosecutors say was a part of a classy blockchain-based cash laundering community meant to hide the supply of funds obtained by unlawful scams. In keeping with...

(NewsNation) — Juneteenth is a federal vacation that acknowledges the liberty of previously enslaved Black folks in america. The commemoration historically takes place on June 19 to commemorate the day in 1865 when Main Gen. Gordon Granger arrived within the state of Texas to share the information of the Emancipation Proclamation, asserting the official finish of the Civil Conflict. Social Safety’s potential insolvency date strikes up a yr to 2034 What can be closed on Juneteenth? On...

NEW YORK (AP) — Honda is recalling greater than 259,000 autos throughout the U.S. as a result of an issue that may trigger the brake pedal to shift out of place. In keeping with paperwork revealed by the Nationwide Freeway Visitors Security Administration (NHTSA), the recall covers sure Honda Pilots between mannequin years 2023 and 2025 — as nicely vehicles beneath the auto maker’s luxurious Acura model: 2021-2025 Acura TLX and 2023-2025 Acura MDX autos. The NHTSA’s recall...