New York’s minimum wage is set to rise on January 1, 2025. The state will see a 50-cent increase for most areas, bringing the hourly rate to $15.50. In NYC, Long Island, and Westchester County, the minimum wage will be adjusted to $16.50. Tipped workers will receive these amounts after applying a tip credit. A … Read more
Credit card lenders have written off $46 billion in seriously delinquent loan balances in the first three quarters of 2024, a significant increase of 50% from the same period last year. The data, cited by BankRegData and reported on by media outlets, highlights the growing concerns about credit card debt. Source: https://seekingalpha.com/news/4391402-credit-card-charge-offs-hit-highest-level-since-2010-report
Lebanon’s war-torn economy is facing a crisis of unprecedented proportions. Weeks after Israel’s invasion, many Lebanese are struggling to rebuild their lives. Hasan Raad, a 28-year-old content creator from Beirut, lost his job and home due to the conflict. “We came out of this war with nothing,” he said. His family has called the neighborhood … Read more
Samsung’s latest flagship series is just around the corner, with a January 22 launch event expected to showcase the Galaxy S25, S25 Plus, Ultra, and possibly even the slimmed-down S25 Slim model. Rumors point towards an event that will also unveil Samsung’s augmented reality glasses and the Galaxy Ring 2. Phone renders have given us … Read more
NASA has identified the likely cause of its Mars helicopter, Ingenuity’s, crash that grounded it after its final flight in January. The space agency’s Jet Propulsion Laboratory investigation found that the navigation system failed to collect dependable data on Martian surface features, leading to a hard landing and subsequent loss of communications. Ingenuity was designed … Read more
Gal Gadot, the Wonder Woman actress, has spoken out about a terrifying health crisis she experienced while pregnant with her fourth child. The 39-year-old detailed her ordeal in an Instagram post on Sunday, revealing that she was diagnosed with a massive blood clot in her brain during her eighth month of pregnancy. Gadot shared that … Read more
South Korea’s investigators have sought an arrest warrant for suspended President Yoon Suk Yeol over his brief imposition of martial law this month. This is the first time an incumbent president has faced such action. The investigation centers on whether Yoon’s Dec 3 martial-law declaration was an act of insurrection, a charge that normally carries … Read more
Reality star Kim Kardashian, 44, has shared adorable family holiday snaps on social media, showcasing her four children’s individual personalities. The photos, taken by photographer Pierresnaps, feature the Skims founder and her kids, North, Saint, Psalm, and Chicago. North, 11, looks stylish in a black outfit with braids in her long dark hair. Brothers Saint, … Read more
Crude oil prices started the last week of 2024 with slight gains, but quickly reversed, ending where they began. Brent crude is trading at $74.00 per barrel, while West Texas Intermediate is at $70.42 per barrel, only slightly down from Friday’s close. Last week, oil prices rose on optimism about China’s oil demand prospects. However, … Read more
Costco, one of the largest retailers in the US, is defending its diversity, equity and inclusion (DEI) program after other major companies rolled back their diversity initiatives amid controversy over the practice. The company’s board of directors has asked shareholders to vote against a proposal that would eliminate Costco’s DEI program. According to Costco’s board, … Read more