You'd have to work five lifetimes to make what your boss makes in one year, report shows
The gulf between a CEO's paycheck and their typical employee's has always been vast. But the advent of AI is already threatening to exacerbate that gap, enriching the C-suite at the expense of their employees, according to a new report from the AFL-CIO.
2023-08-04 06:00
Rampant DC dysfunction made America's credit downgrade inevitable
For only the second time in history, America lost its perfect rating on its long-term debt — the exact thing everyone said would happen when lawmakers decided to play chicken with the full faith and credit of the United States.
2023-08-03 17:24
Hollywood's absolutely bizarre accounting tactics are under renewed scrutiny
"Forrest Gump" has never made a single penny for the studio that made it, despite selling over $300 million worth of tickets at the box office. "Return of the Jedi" was a similarly monumental financial flop. Same goes for at least one Harry Potter film. All of them wildly popular, yet wildly unprofitable. At least on paper.
2023-07-20 04:21
Inflation fever is finally breaking. The Fed's soft landing may be in sight
If Fed Chair Jerome Powell were any less buttoned up, he'd be well within his rights to call a press conference, stride up to the lectern in a T-shirt and board shorts and say three words — "soft landing, jerks!" — before dropping the mic and walking out.
2023-07-13 19:54
Who wins in the PGA-LIV tie-up? Hint: It's not the golfers
The PGA Tour agreed to join forces with its rival, LIV Golf, to create a giant as-yet-unnamed new company that, if the merger is allowed to go through, will absolutely dominate the sport. Here's what you need to know.
2023-06-08 05:50
US crypto investors are left with few options
Back-to-back lawsuits against two of the world's biggest crypto enterprises are sending a chill through the fragile ecosystem of digital assets in the United States.
2023-06-07 06:50
Dollar General's cash-strapped customers are turning to food banks, CEO says
Dollar General's stock just had one of its worst days ever on Wall Street. And that spells trouble for Main Street.
2023-06-02 04:56
Failed bank execs see blame everywhere, except in the mirror
More than two months after the collapse of Silicon Valley Bank and Signature Bank triggered a financial earthquake, three former executives spoke publicly for the first time in testimony before a Senate committee Tuesday.
2023-05-17 06:22