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…
Today on Greta Wire: - PJ Kaminer explains how he and his brother launched Culture Club, a frozen Greek yogurt shop in Nashville, starting from an empty retail shell and building the concept from the ground up. - A major focus is why they chose premium frozen Greek yogurt instead of ice cream or a full restaurant model, aiming for something that feels indulgent, healthier, and more distinctive in the market. - The conversation gets into the real startup grind, from expensive Italian machines and custom recipes to lease risk, staffing issues, inventory mistakes, and the challenge of opening to stronger demand than expected. - Kaminer says social media was a major driver of early traffic, with Instagram, TikTok, and an influencer…
WELCOME TO DJT: Florida’s Palm Beach International Airport has officially been renamed President Donald J. Trump International Airport. NEWSMAX Senior Correspondent John Huddy breaks down the official transition, including updated terminal signage, airport departure boards, and the FAA’s official identification code changes on “National Report.”
The Department of Labor, at Vice President J.D. Vance's direction, has launched a significant investigation into abuses of the H-1B visa program, highlighting concerns over job displacement for American workers.
The Department of Labor, at Vice President J.D. Vance’s direction, has launched a major investigation into abuses of the H-1B visa program, highlighting concerns over job displacement for American workers. PULSE POINTS WHAT HAPPENED: Vice President J.D. Vance announced a sweeping investigation into fraud and abuse in the H-1B visa program, with the Department of Labor issuing subpoenas and initiating probes into foreign entities exploiting the system. The investigation aims to address fraudulent practices that displace American workers and undercut wages. DETAIL: Vance said the investigation is part of a broader initiative targeting fraud across federal programs and will focus on allegations including fraudulent visa applications, wage…Open