Australia’s unemployment rate climbed to the highest level in more than 10 years in January, spurring traders to pare bets on an interest-rate increase and sending the Aussie to its biggest drop in almost three weeks.
In a glass-walled conference room at the California headquarters of Space Exploration Technologies Corp., Chief Executive Officer Elon Musk told Texas officials he was interested in building the world’s first commercial rocket launchpad in their state -- if the state could compete.
President Barack Obama signed an executive order raising the minimum wage to $10.10 an hour for U.S. government contract workers in the future, fulfilling a promise from his State of the Union address.
President Barack Obama held two meetings this week plotting strategy to maintain the Senate Democratic majority, while also pitching an issue that could put a vulnerable incumbent at risk: a minimum wage increase.
Rich and poor Americans are slowly but surely staking out separate lives. Increasingly, they have been moving to different communities, and more and more they are also marrying people of similar income and educational backgrounds. This is a phenomenon social scientists call assortative mating.
Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.