TJ Maxx, Marshalls to follow Wal-Mart in raising pay

NEW YORK (AP) — The owner of T.J. Maxx, Marshalls and Home Goods stores said Wednesday that it will boost pay for its U.S. workers to at least $9 per hour. The announcement by TJX Cos. comes a week after Wal-Mart Stores Inc. said it would increase wages for its employees and is a sign […]

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Don’t look to Nasdaq 5000 to find the ‘silly’ in tech investing

On its return trip to 5000, the Nasdaq Composite reflects little of the silliness of its first visit 15 years ago. That’s partly because the frothiest investments in Silicon Valley are in private companies whose value isn’t captured in the index, which once was the barometer of the hyper-growth tech economy. The Nasdaq’s climb to […]

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Janet Yellen’s got some explaining to do

Federal Reserve Chair Janet Yellen has a few fences to mend. That’s because the normally chummy relationship the U.S. central bank has with Wall Street hit a bump last week when minutes from the Open Market Committee’s most recent meeting left room for confusion about the Fed ‘s path forward. Where the market thought the […]

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U.S. refinery strike widens to include nation’s largest refinery

By Erwin Seba HOUSTON (Reuters) – The U.S. refinery strike widened as workers at the nation’s largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW). Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises […]

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Wal-Mart CEO: Pay hike will boost morale

Wal-Mart is raising wages for some 500,000 hourly employees because worker pride in the company is vital to running a good retail business, CEO Doug McMillon told CNBC on Thursday. “We make wage adjustments all the time. We just decided this is a really good moment to be more bold,” Doug McMillon said in a […]

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Markets briefly go positive on Greece reports

U.S. stocks teetered along the flat line Tuesday afternoon as the Dow Jones, SP 500 and the NASDAQ composite all briefly turned positive after trading moderately lower near multi-year highs on Tuesday despite the lack of resolution in the Greece-euro zone standoff, but briefly turned positive on bailout reports. “After a strong rally it looks […]

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At record high, U.S. stocks look to extend breakout

By Ashley Lau NEW YORK (Reuters) – U.S. stocks are poised for more upward momentum even as uncertainty over oil prices and Greek debt negotiations keeps the market on tenterhooks, analysts say. Strong fourth-quarter U.S. company earnings and signs of an overall improving economy, alongside what appears to be the start of a bottoming in […]

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Robert Shiller’s (depressing) advice for investors

Nobel Prize-winning economist Robert Shiller has a grim message for investors: Save up, because in the years ahead, assets aren’t going to give you the type of returns that you’ve become accustomed to. In his third edition of “Irrational Exuberance,” which will drop later this month, the Yale professor of economics warns about high prices […]

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Americans are about to get a nice fat pay raise

The global economy sure is facing plenty of risks right now. Greece remains a wildcard. Economies across Europe and Asia are slowing. And U.S. economic data is getting bumpy — with soft factory orders the latest example. Yet nothing, it seems, can stop the freight train that is the American job market. On Friday, another […]

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Battle of 2015: U.S. economy vs. the world

It’s the $75 trillion question facing world leaders as they gather for the G20 summit this week: Can a healthier U.S. economy thrive while most of the globe struggles to grow at all? Nearly alone among major nations, the U.S. – which makes up more than 20% of the $75 trillion global economy — appears […]

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