Top Democrats introduced the Raise the Wage Act of 2021 on Tuesday, which would gradually increase the federal minimum wage to $15 an hour by 2025. House Labor Chair Robert Scott said the Act would gradually phase out subminimum wages for tipped workers, youth workers, and workers with disabilities. Vermont Sen. Bernie Sanders said he will use budget reconciliation to […]
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Nickelodeon Animation Studios has penciled in Brian Keane for its newly created post of EVP Production & Operations. Keane, who spent a decade-plus as EVP/COO of Blue Sky Studios, will oversee plans to scale, manage and support productions across Nickelodeon series, movies and its Studio business in Burbank and New York. He will be based in NYC and report to […]
Read moreStocks moved mostly higher during trading on Tuesday as traders returned to their desks following the long holiday weekend. The tech-heavy Nasdaq ended the session just shy of the record closing high set earlier this month. The major averages all closed in positive territory, with the Nasdaq outperforming its counterparts. While the Nasdaq jumped 198.68 points or 1.5 percent to […]
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When you buy through our links, we may earn money from our affiliate partners. Learn more. iPads are the best tablets around and some of the most sought after tech products; there's one for every user and every budget. Like most Apple products, you can find any given member of the iPad family discounted throughout the year, from the compact […]
Read moreHussein Faleh/Getty Images GE stock surged as much as 10% on Tuesday after the company reported strong cash flow and improving profitability. GE finished the fourth quarter with $4.4 billion in industrial free cash flow, beating its own estimates by nearly $2 billion. The company continued to struggle with revenue, however, marking a 16% year-over-year drop in the quarter. Sign up here […]
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By Julie Creswell The food giant PepsiCo is jumping on the Beyond Meat bandwagon. The two companies announced Tuesday that they had formed a joint venture called The Planet Partnership to produce a line of plant-based protein snack and beverage options. The announcement, which did not provide details on the types of products or when they would be available. For […]
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EXCLUSIVE: Tony-winner Rachel Chavkin is behind a new podcast series aimed at tweens based on Greek myths. Live from Mount Olympus is co-directed by Hadestown Chavkin and Zhailon Levingston, who currently serves as the Resident Director for Broadway’s Tina: The Tina Turner Musical and hosted by Broadway star André De Shields. The series comes from The Onassis Foundation and TRAX […]
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Reveal, an AI-powered e-discovery platform, announced Tuesday that it's merging with Brainspace, a visual analytics platform used for digital investigations. The company also snapped up $200 million from K1 Investment Management, a private equity firm. The acquisition and investment are part of Reveal's growth strategy as it seeks to boost its AI technology and take on the e-discovery giant, Relativity. […]
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Target’s investments are helping it win the pandemic race — and that includes supporting its workforce. The big-box retailer revealed Monday that it would reward its employees with approximately $200 million in bonuses. That breaks down to $500 for more than 375,000 hourly workers in stores, distribution centers, the company’s Minneapolis-based headquarters and field-based offices. In addition, about 12,000 store […]
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