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An Amazon warehouse employee testified before the Senate Budget Committee on Wednesday about the “grueling” working conditions that led her and others to organize the milestone union election currently underway in Bessemer, Alabama. “Amazon brags it pays workers above the minimum wage. What they don’t tell you is what those jobs are really like,” said

Mortgage rates have been steadily rising this year, but that doesn’t seem to be slowing demand for housing — yet. According to Freddie Mac, the average rate on a 30-year mortgage is now 3.05%, up from the all-time low of 2.67% at the end of 2020. Rising long-term bond yields could lead to even higher

Cardi B famously raps “Cardi don’t need more press,” but if that’s the case, she may want to chill on Twitter. The Grammy winner got into it on Twitter Tuesday with conservative pundit Candace Owens. It all stems from Owens appearance Monday on Tucker Carlson’s Fox show where she criticized Cardi B and Megan Thee

“I’m a Mac” actor Justin Long is now a PC guy. Nearly two decades ago, Long extolled the benefits of Mac computers while playing one opposite John Hodgman’s PC in Apple’s iconic “Get a Mac” commercials. Now, in a pointed jab at Apple, Long is featured in a new Intel ad where he appears much

The largest union-owned bank in the United States announced its support for reparations for African Americans on Wednesday. Amalgamated Bank became the first major American bank to endorse HR 40, a piece of legislation sponsored by Rep. Sheila Jackson Lee that creates a commission to develop reparation proposals for African Americans. The bank also called

Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. And after Christie’s auction house sold the first-ever NFT artwork — a collage of images by digital artist Beeple for a whopping $69.3 million last week — NFTs have suddenly captured the world’s attention. So what are NFTs? In the simplest terms, NFTs

It’s been a long year for Disneyland fans, but “The Happiest Place On Earth” is finally set to reopen its doors. The flagship Disney resort, which houses Disneyland and its sister theme park California Adventure, plans to reopen with limited capacity on April 30, the company announced on Wednesday. Disneyland’s doors in Anaheim, California, have

The SPAC market is so hot that this year’s fundraising haul has already surpassed all of 2020’s. And it’s not even April. Understandably, the world’s largest asset manager worries the SPAC boom is overdone. “If you look at the SPAC market, there’s some really attractive new companies and new technologies coming to the market that

London is fighting to maintain its standing as the best city outside New York for bankers and traders to do business. The British capital lost significant ground in the first Global Financial Centers Index published since the United Kingdom completed its exit from the European Union, barely holding onto its No. 2 spot in the

As business leaders warn about the risks of a corporate tax hike, the world’s largest asset manager is decidedly unfazed. The resurgent US economy can handle it, BlackRock executive Rick Rieder told CNN Business. The White House is laying the groundwork for lifting the corporate tax rate above its current level of 21% to help

In the early days of the internet, it was novel and exciting to find ratings and reviews of contractors on a site like Angie’s List. That’s long changed — and it’s one reason the Angie’s List brand is being retired on Wednesday. In an ever-so-slight name change, Angie’s List will rebrand as Angi starting Wednesday.

Once upon a time, investors’ biggest concern was the pandemic that doused markets in uncertainty. No longer. What’s happening: For the first time since February 2020, Covid-19 is not the greatest fear cited by portfolio managers surveyed by Bank of America. Now, the top risk they point to is inflation. That puts extra pressure on

The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn of sustained disruption. On Wednesday, Samsung co-CEO Koh Dong-jin told investors that the South Korean tech giant was having trouble with its supply chain. The company is scrambling to address the dearth of

Will crude oil prices continue their recent dramatic boom as the pandemic recovery takes hold? Perhaps not. The International Energy Agency said Wednesday that it does not expect oil to enter a “supercycle,” or extended period during which prices rise well above their long-run trend. “Oil’s sharp rally to near $70 per barrel has spurred

As business leaders warn about the risks of a corporate tax hike, the world’s largest asset manager is decidedly unfazed. The resurgent US economy can handle it, BlackRock executive Rick Rieder told CNN Business. The White House is laying the groundwork for lifting the corporate tax rate above its current level of 21% to help