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Walmart Inc raised the salary of 560000 shop assistants in the United States by at least $1 an hour.
Walmart Inc, the largest US retailer, said on Thursday that it would raise the hourly wages of its more than 565000 US store staff by at least $1 as the retail industry faces a tight labour market as it enters the holiday shopping season. Walmart Inc U.S. CEO John Funer (John Furner) said in a memo to employees that this is the company's third investment in salary in the past year, and Walmart Inc's average hourly wage in the United States is now $16.40. Funer said that employees who work in the front end of Walmart Inc's store, the food and consumer goods department and the general commodity department will get higher jobs.
The biggest tax evasion scandal in history! The Renaissance Fund may repay nearly $7 billion in taxes
Jim Simons (Jim Simons), one of the world's most successful investors and founder of hedge fund Renaissance Technology, has just experienced a rare defeat. Under a settlement agreement between Renaissance Technology and the IRS, Simmons and several of his colleagues will pay back billions of dollars in taxes, interest, and fines to settle one of the biggest tax disputes in US history. Renaissance CEO Peter Brown (Peter Brown) disclosed the settlement agreement in a letter to investors on Thursday, although the letter did not reveal the specific settlement amount
At today's meeting, OPEC+ is expected to stick to the established plan to increase production.
OPEC+ will meet today for the first time since July, and delegates expect the organization to stick to its plan to increase production. Given that crude oil prices have largely recovered their losses in mid-August and the relatively tight supply outlook for the rest of the year, there is little reason for the group to change its plan to gradually increase supply every month. Delegates, who spoke on condition of anonymity, expected ministers to approve an increase of 400000 barrels a day in October when they held an online meeting on Wednesday. The Organization of Petroleum Exporting countries (OPEC) and its allies, including Russia, are reversing the sharp cuts in production last year at the height of the Covid-19 crisis. About 4
The Fed's weight reduction takes the whole body into action. When it ends is more important than when it starts
These days, all discussions in the financial markets focus on when the Federal Reserve will begin to cut the scale of debt purchases, but for all markets, such as stock and bond exchanges, what is more important is when debt purchases can end. Investors have made few major moves; they are all eagerly awaiting the Jackson Hole seminar, which will kick off on Thursday. On Friday, Federal Reserve Chairman Jerome Powell may provide clues about when and how the Fed will reduce debt purchases. This will help determine the timeline for the Fed's interest rate hike. Withdrawing from the stimulus measures can be described as a full-throttle move. Right now, large amounts of liquidity in the financial system have pushed the US stock market to record highs, and earnings on US treasury bonds
Delta increases health insurance premiums for unvaccinated employees to cover higher COVID-19 costs
Ed Bastian, CEO of Delta Air Lines (Delta Air Lines) of the United States of America, informed employees on Wednesday that starting November 1, health insurance premiums for employees who have not been vaccinated against COVID-19 will increase by $200 per month on the grounds that they pay high fees for employees hospitalized due to COVID-19 infection. Delta said employees who have not been vaccinated against COVID-19 will also face other restrictions, including indoor mask regulations that will take effect immediately and weekly COVID-19 testing starting September 12. Bastian said in an employee memo: “The average cost of hospitalization for Delta employees infected with COVID-19 is 5
ECB Chief Economist: Once the impact of the Fed's reduction in size becomes apparent, the central bank will have countermeasures
The ECB's chief economist Philip Lane said that the ECB is ready to deal with any market interference that may be caused by the Federal Reserve starting to reduce QE. “The ECB is not a passive bystander,” Lane said in an interview. “If spillover effects affect the financing situation in the Eurozone, we are willing and able to take appropriate action, as we have proven”. Lane emphasized that policymakers are determined to maintain a favorable financing environment in the Eurozone, which suggests that once the anti-epidemic emergency debt purchase program expires, it will take some time to decide how to buy bonds. “We don't need to be too early
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