Opinion: The Fed’s rate hikes could soon be coming to an end

Editor’s Note: Steven Kamin is a senior fellow at the American Enterprise Institute (AEI), where he studies international macroeconomic and financial issues. He served as director of the international finance division of the Federal Reserve from 2011 to 2020. The opinions expressed in this commentary are his own. View more opinion on CNN. CNN — … Read more

Job openings unexpectedly jump to 11 million in December

Minneapolis CNN — Despite the looming threat of recession and the cacophony of mass layoff announcements, US businesses still need workers — 11.01 million of them. The number of available jobs unexpectedly rose in December, climbing from a revised 10.44 million openings in November and exceeding economists’ expectations of 10.25 million, according to Bureau of … Read more

Advertised salary ranges are not set in stone. That’s why you still have to negotiate

new york CNN — Now that more and more states are requiring companies to advertise salary ranges for open roles, you may assume the range is the range and you can’t negotiate for more. Not true. While the new pay transparency laws mean you’ll have more information about what an employer is willing to pay, … Read more

McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers

new york CNN — California voters will decide next year on a referendum that could overturn a landmark new state law setting worker conditions and minimum wages up to $22 an hour for fast-food employees in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC-owner Yum! Brands each donated $1 million to … Read more

Half Moon Bay: 7 killed in apparent ‘workplace violence’ case as 3 mass shootings in 44 hours stun California

CNN — The 66-year-old man suspected of killing four people at a mushroom farm in California and three others at a nearby site Monday was an employee of the farm, San Mateo County Sheriff Christina Corpus said Tuesday. “All of the evidence we have points to this being the instance of workplace violence,” the sheriff … Read more

Pandemic unemployment benefits fraud likely tops $60 billing. House GOP to start investigating next week

CNN — More than $60 billion may have been paid out in fraudulent unemployment insurance benefits during the Covid-19 pandemic, according to a report released Monday by the US Government Accountability Office. The watchdog agency, however, warned that the estimate has limitations and should be interpreted with caution. The actual amount of pandemic unemployment benefits … Read more

How Big Tech’s pandemic bubble burst

new york CNN — In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a staggering shift towards online services, benefiting his company in the process. “What we have witnessed over the past year is the dawn of a second wave of digital transformation … Read more

Here are the companies that have laid off employees this year

new york CNN — Just this week, Alphabet, Google’s parent company, Microsoft (MSFT) and Vox Media announced layoffs that will affect more than 22,000 workers. Their moves follow on the heels of job cuts earlier this month at Amazon, Goldman Sachs and Salesforce. More companies are expected to do the same as firms that aggressively … Read more