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Author Archives: Bloomberg

Citigroup adopts $15 minimum wage

Citigroup quietly boosted its minimum wage to $15 an hour, joining competitors in awarding raises to rank-and-file staff, after House Financial Services Committee Chair Maxine Waters prodded the firm. Unlike other major banks that announced similar moves in news releases, ...

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Trump getting more blame for economy

For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than say it is getting better. A new Quinnipiac Poll shows 37% saying the economy is declining, compared with 31% who continue ...

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Bond yields sink to record lows again

Bonds continued their unrelenting rally on Wednesday, and although there’s no whiff of the panic that swept through markets late last week, the surge nonetheless drove benchmark yields down to unprecedented levels. The rate on 30-year U.S. Treasuries sank to ...

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