AMERICA’S UPPER MIDDLE CLASS IS THRIVING
The middle class may be feeling squeezed, but the upper middle class is enjoying good times. The upper middle class grew to 29.4% of the population in 2014, up from 12.9% in 1979, according to a new Urban Institute report.
IT’S 1995 AGAIN for Dollar Traders Bracing for Trade War Trouble.
Back in 1995, an international trade dispute between the U.S. and Japan helped drive a 25 percent plunge in the dollar versus the yen. Now, with Hillary Clinton and Donald Trump heading into the November presidential election pledging to reshape
DOW JUMPS 130 POINTS ON EASING BREXIT FEARS
Wall Street’s Brexit headache just got a dose of relief. Will it last? The Dow soared as many as 271 points on Monday before closing with a gain of 130 points. The advance was fueled by a series of
FBI WARNS BANKS TO CHECK FOR CYBER BREACHES
A private “Flash” message has been sent to US banks by the Federal Bureau of Investigation asking them to check their systems for signs of cyber attacks. The leaked report follows the enormous electronic robbery at the Bangladesh central bank
MEET THE 30 HIGHEST-PAID FEMALE EXECUTIVES IN THE BAY AREA 2016
Our annual list of the highest-paid female executives in the Bay Area shows the broad range of talent lighting up the region’s C-suites — and the big salaries that come with those positions. Check out our slideshow below of the
U.S. DOLLAR AWAKENS AHEAD OF YELLEN SPEECH
The strong dollar could be coming back very soon. After rallying last year, the dollar stumbled at the start of 2016. One key measure for the dollar, the ICE dollar futures index, fell on May 2 to its lowest point
WILL OBAMA’S NEW OVERTIME RULES ACTUALLY HURT WORKERS?
A NEW FEDERAL RULE THAT EXPANDS THE NUMBER OF WORKERS ELIGIBLE FOR OVERTIME PAY MEANS EMPLOYERS WILL HAVE TO PONY UP MORE MONEY — IN PAYROLL, ADMINISTRATIVE AND LEGAL COSTS. They’re not happy. And, they warn, workers won’t be either.
ONE OF THE WORLD’S MOST EXPENSIVE COUNTRIES IS DEBATING GIVING AWAY MONEY
THE SWISS ARE DISCUSSING PAYING PEOPLE $2,500 A MONTH FOR DOING NOTHING. The country will vote June 5 on whether the government should introduce an unconditional basic income to replace various welfare benefits. Although the initiators of the plan haven’t
COLLEGE ENROLLMENT IS DROPPING. BAD SIGN?
U.S. college enrollment is falling. For years, America’s college campuses swelled with more and more students. But enrollment peaked in 2010 at just over 21 million students. Attendance has dropped every year since. By the fall of 2014 — the
PENSIONS MAY BE CUT TO ‘VIRTUALLY NOTHING’ FOR 407,000 PEOPLE
One of the biggest private pension funds in the country is almost out of money, and fresh out of options. The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without
5 WAYS TO MAKE YOUR OFFICE MORE AWESOME!
Your office should be the kind of place you want to spend eight hours (or more). Because it’s where you and your colleagues will be going, every day, five days a week (or more). You may not be able to
WALL STREET SLUMPS AS DISNEY AND MACY’S SLAM CONSUMER SHARES
U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy’s and Fossil undermined confidence across the consumer sector. The consumer discretionary index .SPLRCD fell 1.98
MARKET RALLY PAUSES AHEAD OF UNUSUALLY-HECTIC SUMMER
It’s been a rocky year for Wall Street – and the uncertainty surrounding the Federal Reserve’s path on interest rates and political uncertainty across the pond haven’t helped matters much. From the S&P 500’s February 11 intraday low, the index
POWER MILLENNIALS: TWO BANKERS TAKE ON FINANCE NEWS
As freshman year roommates at Middlebury College in Vermont, Jack Kramer and Nick Martell bonded over the fact that they both drank the same protein shake. Little did they know that in just a few short years, the two would
HOW TO DECIDE WHETHER TO PAY OFF DEBT NOW OR LATER
A very wealthy and successful guy I used to work for once mentioned something about his mortgage to me. I was a little taken aback, and asked why someone with his money would still have a mortgage. His thinking demonstrated