The country’s largest private employer is boosting its minimum wage for hourly US employees to $14 from $12 starting next month. The pay bump will affect ~340,000 Walmart employees, and raise the company’s average hourly wages above $17.50. Handing out raises isn’t trendy in these layoff-ridden times, but demand for workers in retail/logistics has stayed robust, and Walmart doesn’t pay as well as Amazon or Target, its main rivals.
Is there any politician without a stash of classified documents at home?
A lawyer for former VP Mike Pence found approximately 12 documents ...
A lawyer for former VP Mike Pence found approximately 12 documents marked as classified at Pence’s home in Indiana, and those documents have been turned over to the FBI. When asked previously whether he had any classified docs at home, Pence said he did not. But following the controversy over classified items found at President Biden’s home, Pence directed his lawyers to do a sweep of his house just in case…and they found some, his legal team said.
The DOJ and a handful of states are accusing the tech giant of ...
The DOJ and a handful of states are accusing the tech giant of abusing its market power through its tech that controls how the US digital ad industry operates. Google’s tangoed with antitrust enforcers before—the DOJ brought a different lawsuit against the company in 2020—but this suit is significant for several reasons: a) It’s the first time the Biden administration has launched a major challenge against a tech giant and b) the DOJ has rarely pushed for big companies to break themselves up in recent decades.
API Reports Another Large Build in Oil Inventories
U.S. crude stockpiles had another multi-million barrel build last week, trade group API said Tuesday, as refiners slowed down the output of fuel products amid an unseasonably warm winter.
U.S. crude inventories rose by 3.378M barrels during the week ended Jan. 20, the API said. In the previous week to Jan. 13 and Jan 6, the API reported back-to-back crude builds of 7.615M and 14.865M barrels.
Specifically for the Cushing, Oklahoma delivery point for U.S. crude,the API reported a stockpile build of 3.928M barrels, after the previous week’s rise of 3.7M barrels.
Growing concerns about a global economic slowdown led to a nearly 2% drop in crude oil prices Tuesday,...
Growing concerns about a global economic slowdown led to a nearly 2% drop in crude oil prices Tuesday, both in the U.S. and overseas. As a result, Oklahoma energy stocks were mixed with some losing up to 8% while others gained 7%.
The expected build in U.S. oil inventories, something noted last week in OK Energy Today’s update on crude oil storage at the Cushing hub in Oklahoma, resulted in a drop of $1.49 or 1.8% to $80.13 per barrel of West Texas Intermediate crude on the New York Mercantile Exchange.
Global benchmark Brent crude, traded on ICE Futures Europe, fell $2.06 or 2.3% per barrel to $86.13.
February natural gasfell 19 cents to $3.26 per 1,000 cubic feet.
