It all started at a McDonald’s at the corner of 40th and Madison, early one morning in November 2012. That day, 200 striking fast food workers began a movement that swept the nation, calling for a major increase in the minimum wage under the slogan “Fight for 15.” Within a few short years, this small action became a mainstream movement for the Democratic Party, gaining the support of Mayor de Blasio and eventually Gov. Cuomo. The transformative result: By the end of 2018, just over six years after the dream was hatched, the $15 minimum wage will be a reality for New York City’s larger businesses. As an interim step, by this year’s end, New York City companies with 50 or more employees will have to pay $13 an hour, offering the promise of an instant 18% pay boost for anyone employed at the current $11 minimum wage. The dream was about more than an hourly wage, though. It was about bigger paychecks. And here New York and other cities boosting … [Read more...] about About that raise: Take it from Seattle, a $13 minimum wage won’t necessarily boost pay
Wells fargo wealth management minimum
When Tom Benson died last year at the age of 90, he left behind a sprawling empire that included two professional New Orleans sports teams and a group of car dealerships. Unfortunately for him, he spent some of the last years of his life squabbling with heirs over who would get what.The legal battle was marked by claims Benson wasn't mentally competent when he made sweeping changes to his estate plans. His daughter and two grandchildren alleged he was acting at the direction of his third wife, Gayle Benson, 72, whom he married in 2004. Tom Benson rejected the claims, and a Louisiana court agreed. When all was settled, his wife ended up with the New Orleans Saints and the New Orleans Pelicans and his daughter and two grandchildren got most of his other holdings. But it took a lot of time, a lot of lawyers - and presumably a lot of money. This kind of drawn-out fight for control is a risk faced by a growing number of longer-living American billionaires. At least 15 of them died last … [Read more...] about U.S. billionaires increasing in number, and their growing wealth is paying for a whole new industry
Alex Morrell, provided by Published 7:02 am EDT, Tuesday, April 16, 2019 Drew Angerer/Getty Images Bank of America beat expectations with first-quarter earnings results of $0.70 per share and record profits of $7.3 billion. Visit BusinessInsider.com for more stories Bank of America announced first-quarter earnings results Tuesday morning, reporting record quarterly profits of $7.3 billion. The bank brought in earnings per share of $0.70, beating analyst expectations of $0.66 per share. Here are the rest of the numbers: Revenue: $23 billion, down slightly from last year. Net income: $7.3 billion, up 6% from $6.9 billion last year. Global markets: Net income of $1 billion, down 26%. Trading revenues dropped 13% to $3.6 billion, excluding adjustments. Equities fell 22% to $1.2 billion andFICC fell 8% to $2.4 billion. Consumer banking: Net income of $3.2 billion, up 25%. Global Wealth and Investment Management: Net income of $1 billion, up 14%. Global banking: Net … [Read more...] about Bank of America beats, posting record quarter with $7.3 billion in profits (BAC)
By Washington Post | PUBLISHED: April 30, 2019 at 8:26 am | UPDATED: April 30, 2019 at 8:39 am By Renae Merle, (c) 2019, The Washington Post JPMorgan Chase, the country’s largest bank, attempted to offer its financially strapped customers some advice Monday. It quickly backfired. If their balances are low, the bank suggested customers “make coffee at home” or “eat the food that’s already in the fridge.” JPMorgan Chase’s brief attempt at levity turned into a social media misadventure with some of the banking industry’s biggest critics, including presidential candidate Sen. Elizabeth Warren, D-Mass., denouncing the tweet and some asking Jamie Dimon, the bank’s chief executive, to apologize. “Hey @Chase, try paying your workers more. Families aren’t spending frivolously; they’re trying to pay rent,” Rep. Katie Porter, a freshman Democrat from California’s Orange County, fired back on Twitter. Dimon … [Read more...] about JPMorgan Chase attempts to banksplain frugality. It does not go well.
Adam Dunbar PORTLAND — Adam Dunbar has joined national full-service financial advisory firm Steward Partners Global Advisory, associated with Raymond James Financial Services Inc., as a senior vice president and partner.He is joined at Steward by Jackie Gervais, a senior registered administrative manager with whom he has worked since starting his career, as well as wealth managers Ralph Good and James Nylund and their team. Previously a financial adviser for Wells Fargo Advisors, Dunbar is leading his own team at Steward Partners. He comes to the company with more than 14 years of experience in the financial services industry and numerous industry accolades, including recognition on Forbes’ Top Next-Generation Wealth Advisors list in 2018. He lives in Auburn and contributes his time frequently as a board member for local community organizations. < Previous Target boosts its minimum starting wage to $13 per hour as war for workers rages Next > filed under: … [Read more...] about Adam Dunbar joins Steward Partners Global Advisory