Employees have long been sold the idea that working hard and outperforming their peers would lead to sizable pay hikes and title upgrades. But now, some companies are ditching merit-based wage bumps in favor of “peanut butter raises”—and it’s hurting employee morale. Around 36% of U.S. companies say they gave out standard, across-the-board pay increases
SpaceX stock isn’t just falling. It’s hitting every branch on the way down. After surging to a $2.6 trillion valuation on its third day of public trading, SpaceX stock has tumbled 46%, wiping out more than $1.2 trillion of that in the process. The initial wave of selling came as investors balked at lofty valuations.
Parasitic illness cases in 15 states have been linked to iceberg lettuce, U.S. health officials said Wednesday. Cyclospora cases have been reported in at least 47 states this year, and investigators have continued to probe how many could be linked to a common contaminated source. The Centers for Disease Control and Prevention said the number of states tied
I still remember when I first got the email from one of my husband’s cousins about his grandmother’s upcoming birthday: “Nanny loves to travel. What if we give her a trip to Iceland for her birthday? And as many of us can go with her as possible!” The flurry of responses showed that we were
By 7 a.m. Eastern Time today, oil had reached $83.64 per barrel, measured using the Brent benchmark. That’s 8 cents less than it cost yesterday morning and about $16.10 above its price a year earlier. Oil price per barrel % Change Price of oil yesterday $83.72 -0.09% Price of oil 1 month ago $72.25 +15.76%
Residents of a rural Texas county say they want more control over the gigantic AI infrastructure projects sprouting in their backyards. Nearly 900 residents of Grimes County, the site of Elon Musk’s planned 100-million-square-foot Terafab semiconductor factory, signed a petition calling for more stringent regulations on large infrastructure projects that receive public incentives. The residents
