The way restaurant workers get paid could be changing. The Department of Labor has proposed making tip-pooling legal again.
Whitney Filloon, Senior Reporter at EATER, explains what the proposal would mean for the restaurant industry. Currently, waiters have the rights to the tips they are given during service. Tip-pooling would allow restaurant owners to divide up the tips however they see fit.
Filloon says Democrats have expressed opposition to the proposal, but Republicans have largely stayed silent. The Department of Labor has until the beginning of April to make a decision.
Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities dives deeper into a report by the International Data Corporation (IDC) that Apple has ended Samsung's 12-year reign as the world's largest smartphone seller.
Artificial intelligence is the biggest buzzword at the World Economic Forum’s annual meeting in Davos. Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.
Smartphones could get much smarter this year as the next wave of artificial intelligence seeps into the devices that accompany people almost everywhere they go.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
