Economy

GM delays return-to-office after employee protest: ‘General Motors is doomed’

General Motors pushed back the start of a return-to-office plan after facing fierce resistance from employees over its handling of the rollout. The Detroit-based auto giant rankled corporate employees by announcing in a memo last Friday afternoon that they would be required to work onsite at least three days per week beginning later this year. …

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Chipotle To Test Robotic Chip Maker After Gavin Newsom Signs Minimum Wage Bill – OutKick

A Chipotle restaurant in California will test a robot to make its chips to combat a minimum wage bill that Gavin Newsom (D-CA) recently signed. Chipotle had previously tested the device at its technology innovation facility in anticipation of new minimum wage laws. The Mexican restaurant calls the device “Chippy.” And Chipotle has great confidence …

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SEC Charges Owners of Jersey Deli Somehow Worth $100 Million With ‘Brazen’ Fraud

On Tuesday, the Securities and Exchange Commission charged the owners of a publicly-traded New Jersey deli business with running a massive market manipulation scheme. The deli made headlines last year for somehow being valued at more than $100 million on the stock market. The SEC wrote in an announcement of the charges that the deli …

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Millions of Americans will save on Medicare fees next year

WASHINGTON (AP) — For the first time in a decade, Americans will pay less next year on monthly premiums for Medicare’s Part B plan, which covers routine doctors’ visits and other outpatient care. The rare 3% decrease in monthly premiums is likely to be coupled with a historically high cost-of-living increase in Social Security benefits …

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Biden Urges Companies to Lower Costs for Consumers

US President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation. During a White House meeting, Biden said that “junk fees” such as bank overdraft fees and cellular phone termination charges were hurting families and that gas station operators needed to lower …

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Social Security increase 2023: Here’s the latest forecast as inflation eases

Slight cooling of inflationary rates has pushed the projected increase for Social Security beneficiaries below the double-digit figures predicted just a month ago. The exact amount of the increase will be announced in just a few weeks. The latest update predicts a cost-of-living adjustment, or COLA, of 8.7%, almost a full percentage point lower than …

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Wharton professor says Fed Chairman Powell ‘should offer the American people an apology’

NEWYou can now listen to Fox News articles! Wharton Professor of Finance Jeremy Siegel said Monday Federal Reserve Chairman Jerome Powell owes the American people an apology for mishandling inflation over the past two years. During an appearance on CNBC’s “Squawk Box,” Siegel criticized Powell for downplaying inflation throughout 2021 and overreacting to it now. …

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Biden’s ‘cruel economy’ is deteriorating as he hypes ‘crazy’ student loan handout: Rep. Kevin Brady

House Ways and Means Committee ranking member discusses why the Biden administration keeps spending money as inflation rises on ‘Mornings with Maria.’ Rep. Kevin Brady, R-Texas, roasted President Biden Tuesday for the cost of his student loan handout as the economy worsens and inflation rises, telling “Mornings with Maria” “it makes no sense” for the …

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