McDonald’s to Raise U.S. Workers’ Hourly Wage to $10 By End of 2016


While fast-food workers across the country plan protests over their wages later this month, employees at McDonald’s-owned restaurants can expect pay hikes starting this summer. The fast-food giant will raise the average hourly rate for workers at the U.S. restaurants it owns to $ 9.90 from $ 9.01 starting July 1, while those wages will climb to $ 10 per hour by the end of 2016, The Wall Street Journal reported Wednesday. The company will also allow those employees to earn up to five days Read more [...]

BofA Merrill Lynch Fund Manager Survey Finds Investors Migrating out of U.S. Equities Amid Expectations of Fed Rate Hike


Dateline City: NEW YORK Preference for European Equities at Record High Global investors have significantly pared back U.S. equity allocations as belief grows that the U.S. Federal Reserve will raise rates in the second quarter, according to the BofA Merrill Lynch Fund Manager Survey for March. A net 19 percent of global Read more [...]

U.S. Environmental Protection Agency Recognizes Bank of America for Climate Change Leadership


Dateline City: CHARLOTTE, N.C. First Financial Institution to Receive Organizational Leadership Award; Addresses Accomplishments Across the Company The U.S. Environmental Protection Agency (EPA) has recognized Bank of America for exceptional leadership in response to climate change. The announcement was made today at the EPA 2015 Climate Read more [...]

How U.S. Soccer Star Tobin Heath Became Team Leader


If the U.S. women’s national soccer team were a train, Tobin Heath would be its engine. In October, the midfielder scored two goals in the team’s 5-0 victory over Guatemala. The performance helped the team qualify for the 2015 FIFA Women’s World Cup, to be held in Canada next summer. Standout performances like that have earned Heath the trust and respect of her teammates. But as the 26-year-old tells us, she’s still getting used to her role as a team leader. A soccer phenom Read more [...]

BofA Merrill Lynch Fund Manager Survey Finds Investors Fretting Over Monetary Policy as End of U.S. QE Looms


Dateline City: NEW YORK Risk Appetite Declines in Response Concerns over the imminent end of quantitative easing in the U.S. have left investors much less confident in the outlook for the global economy and corporate profitability, according to the BofA Merrill Lynch Fund Manager Survey for October. After a sharp fall of Read more [...]

Alibaba Delivers on Biggest U.S. IPO With $21.8 billion Offering


Chinese e-commerce giant Alibaba Group will price its shares at $ 68 a piece, topping its initial expected range, and raising a total of $ 21.8 billion to make it the biggest U.S. initial public offering ever. The stock sale places the company in the ranks of the most valuable Internet companies with a market capitalization of $ 168 billion, exceeding industry standard bearers like Amazon and Twitter. It also puts an exclamation point on China’s rapid rise in the technology industry and Read more [...]

The U.S. Debt: Why It Will Continue To Rise


The federal debt has been on the rise since President Nixon decoupled the dollar from the gold standard in 1971. Learn how and why this opened Pandora's 'Money' Box. We'll also examine how much the debt rose during various periods (from 1966 until today) and where it will go from here. This article is filled with a wealth of information in easy to understand language. If you would like to understand more about the federal government's debt problem, this article is for you. After all, Washington's Read more [...]