Mellody is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. Tom: This Money Monday you have an interesting topic for us: credit invisibility. Mellody: That’s right, Tom. […]
Tom: You are joining us this morning with some news on wages. Mellody: I am, Tom. Last week, the labor department released the official numbers on wages and salary information from the first quarter of 2015, and it looks like things might be looking up. Wages and salaries rose at a faster pace in […]
NEW YORK (AP) — McDonald’s said Wednesday it is raising pay for workers at restaurants that the company owns. Here’s a look at all the big companies that recently have announced they are boosting hourly wages for their employees: In February Wal-Mart Stores Inc., the largest private employer in the U.S., said it will boost […]
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell sharply last week, a sign that strong hiring will likely continue. Weekly applications for unemployment aid dropped 36,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. The drop nearly reversed a large increase from last month, which likely occurred because of […]
WASHINGTON (AP) — Targeting stagnant wages in an otherwise improving economy, President Barack Obama on Monday called on employers, educational institutions and local governments to develop a home grown high technology workforce that could help drive up higher-income employment. The effort aims to attack a stubborn downside of the current economic recovery and fill what […]
People in this country still believe in the American Dream, but after one of the worst recessions this country has seen, many are fearful that they may be standing on a trapdoor instead of a ladder to success. For as long I can remember, I have watched African-Americans create their own opportunities by working hard, […]
Tom: Today we are talking about the minimum wage – again! What’s the latest, Mellody? Mellody: It certainly is a topic that keeps popping up, as we continue to have discussions in this country about the increasing wealth inequality, the challenges that are facing many Americans on the lower rungs of the economic ladder, and […]
Mellody is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. Tom: Good morning! Mellody: Good morning, Tom. Tom: you are joining us this morning to […]
Mellody Hobson is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. TOM: You’re talking about wages this morning? MELLODY: I am, Tom. We have talked a […]
A new report released Thursday found that, while black women are becoming a political and economic powerhouses, they’re still quite vulnerable in other respects. “Black Women in the United…
HARTFORD, Conn. (AP) — Connecticut lawmakers Wednesday approved raising the minimum wage to $10.10 an hour by 2017, the highest for any state in the country and the same rate that President Barack Obama wants for the federal minimum wage. Democratic Gov. Dannel P. Malloy, who recently appeared with Obama and several New England governors […]
NEW BRITAIN, Conn. (AP) — Mounting a show of support from like-minded governors, President Barack Obama put a spotlight Wednesday on a minimum wage push that Democrats hope will appeal to economically squeezed voters in November’s midterm elections. Standing at the center of a packed college gymnasium, Obama said raising hourly wages to $10.10 would […]
