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Monthly Archives: August 2023

UPS drivers to average $170,000 in pay, benefits at end of 5-year deal

A UPS driver pulls away after making a delivery in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images UPS‘ CEO said drivers will average $170,000 in pay and benefits such as health care and pensions at the end of a five-year contract that the delivery giant struck with the …

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Wildfires burn Lahaina, Maui; prompt evacuations across Hawaii

Wildfires burned across Hawaii on Wednesday after strong winds from Hurricane Dora and dry conditions ignited blazes and prompted evacuations across the state. The Coast Guard rescued people from the ocean near Lahaina, Maui, as they went into the water to escape a fast-moving fire, NBC News reported, and the …

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Panama Canal shipping pileup due to drought reaches 154 vessels

A ship navigates through the Panama Canal in the area near the Americas’ Bridge in Panama City on April 24, 2023. The scarcity of rainfall due has forced the Panama Canal to reduce the draft of ships passing through the interoceanic waterway, in the midst of a water supply crisis …

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High prices are still a problem

Gas station signboards display prices in Bethesda, Maryland on August 6, 2023. Mandel Ngan | AFP | Getty Images Thursday’s consumer price index report likely will show that the pace of price increases is easing, but not enough to get the Federal Reserve to retreat on its inflation fight. If …

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Biden admin launches hacking challenge to use A.I. for cybersecurity

President Joe Biden gives remarks on Artificial Intelligence in the Roosevelt Room at the White House on July 21, 2023 in Washington, DC. Anna Moneymaker | Getty Images Hackers will have the chance to compete for millions of dollars in prizes by using artificial intelligence to protect critical U.S. infrastructure …

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DraftKings falls 10% on new threat for sports gambling market share from ESPN-Penn partnership

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images One of the leading sports gambling stocks fell sharply on Wednesday after media giant ESPN took a large step into the …

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Getting paid $32 to deliver a fish

In October 2022, stand-up comedian Casey James Salengo was balancing nightly comedy gigs with daytime hustles in his hometown of New York. Being a comedian is “very erratic” in terms of paid work, he says, so picking up various side jobs helps tide him over. A friend told Salengo, 36, …

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1 in 5 Americans have dormant 401(k) plans—how to claim yours

A record-setting number of Americans quit their jobs last year. But in doing so, they’ve left behind inactive 401(k) accounts with average balances of $55,400, a new study reveals. An estimated 1 in 5 U.S. workers have left behind or forgotten 401(k) retirement accounts, according to estimates by Capitalize, a …

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U.S. Bank, Fifth Third, others under review

The Moody’s ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank. Concern over the sector had waned after second-quarter results showed most banks stabilized deposit levels following steeper losses during the March …

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Obesity drug Wegovy’s trial result could ‘open up’ health insurance access

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023. Jim Vondruska | Reuters LONDON — Popular weight-loss drug Wegovy could be made available under more health insurance schemes, after the results of a late-stage trial pointed …

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