For years, the economy has looked K-shaped . There's new evidence that some of that divide is beginning to narrow. - The wage-growth gap between lower- and middle-income workers has disappeared — with pay gains among lower-income workers nearly matching those of their higher-income counterparts. - Spending growth among lower- and higher-income households is the most similar in years. Why it matters: A resilient labor market is chipping away at one dimension of the K-shaped economy, even as the wealth divide remains firmly intact. Source: Bank of America Institute By the numbers: Bank of America Institute, drawing on anonymized customer deposit account data, estimates that lower-income households saw after-tax wage growth accelerate…
Many older adults navigate aging on their own — without children or a spouse. An expert says this is "a reality to be supported" rather than a crisis to be solved.
Microsoft's latest environmental report shows the growing tension between its race to build AI infrastructure and its long-standing climate commitments. Why it matters: The report mirrors recent disclosures from Google and Amazon , whose emissions and resource use have also climbed alongside AI growth. Driving the news: Like its tech peers, Microsoft's environmental impact indicators largely continued moving upward. - Its total greenhouse gas emissions are up 25%, fueled by both its growth in digital infrastructure, especially AI, and changes to the company's electricity procurement strategy. - The company said a key measure of data-center water-use efficiency improved 25% from its 2022 baseline, putting it on track toward a goal of…
Canoeist David Hearn plead not guilty in D.C. Superior Court Thursday to a charge of destruction of property causing more than $1,000 in damage to the Lincoln Memorial Reflecting Pool.
Twenty-five years after the terror attacks of Sept. 11, 2001, left a gaping void in Lower Manhattan, American Express broke ground Thursday on its new headquarters.