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  • Investors: pay attention to weak economic data—NYSE trader

    Keith Bliss of Cuttone and Company joins Yahoo Finance from the floor of the New York Stock Exchange.

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  • Walmart banned alcohol and swearing from Jet's offices — and it was a big mistake
    Finance
    Business Insider10 hours ago

    Walmart banned alcohol and swearing from Jet's offices — and it was a big mistake

    Walmart banned alcohol from Jet's offices and discouraged its employees from swearing shortly after acquiring the e-commerce startup last September, The Wall Street Journal reports. The retailer sent an outside company into Jet's offices in Hoboken, New Jersey, to remove its liquor stash, according to The Journal's Sarah Nassauer and Brian Baskin.

  • Seattle’s minimum-wage increase made the most vulnerable workers poorer
    News
    Quartz7 hours ago

    Seattle’s minimum-wage increase made the most vulnerable workers poorer

    The solution appeared simple: require employers to pay people more. In 2014 The City of Seattle passed a ordinance to increase the minimum wage from from $9.47 to $15 over two to four years (depending on company size and if they pay benefits). Economists Alan Krueger and David Card studied a small wage increase, from $4.25 to $5.05, and estimated it didn’t appear to have a large impact in employment in fast-food restaurants.

  • This is why millennials can’t have nice things (or save any money)
    Business
    MarketWatch7 hours ago

    This is why millennials can’t have nice things (or save any money)

    Minor expenses can cause major financial problems. “Millennials are falling victim to common financial vices, such as spending money in coffee shops,” according to a new study by personal-finance site Bankrate.com. The average millennial dines at a restaurant or buys take-out food five times per week and nearly 30% of this age goup say they buy coffee at least three times per week. More than half of millennials (54%) eat out at least three times a week, compared to roughly one-third of Generation X-ers and baby boomers. “Often, it’s the minor, habitual expenses, such as take-out and alcohol, that wreak havoc on your budget,” Sarah Berger, a financial analyst at Bankrate, said. “Preparing meals