Yahoo Finance Entry-level wage growth is accelerating, and the Fed is watching it like a hawk
Stocks (^DJI, ^GSPC, ^IXIC) are rallying at midday, paring Friday’s losses, with financials (XLF) leading the way up, and health care (XLV) in the rear, but still in the green. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Jen Rogers is joined by Yahoo Finance Editor-in-Chief Andy Serwer and Yahoo Finance’s Nicole Sinclair.
Coca-Cola says it replenished all the water it used in 2015
Coca-Cola is raising a glass to itself today. The soda giant is saying it replenished all of the water it used to make soda last year. Coke says it returned to nature and communities some 192 billion liters of water. Much of the replenished water is treated wastewater that’s put back into the water supply near bottling plants. The company has been criticized for its water use, with critics using the slogan “Coca-Cola: Drinking the world dry.”
Low-paid workers see fastest wage growth: Bank of America
“Joe Six Pack Gets A Raise.” That’s the title of new research from Bank America. It shows that wages for lower-paying jobs are rising at a faster clip than higher-paying positions. BoA economists say the bottom 20% of industries are seeing wages rise at a 3.4% clip this year. The other 80% are only seeing wage growth of 2.4%.
Why email is still the best messaging app
Smartphones are becoming inundated by messaging apps. If you’re like the average user, you probably have Facebook messenger, WhatsApp, Google Hangouts, Twitter, Slack and any possible combination of apps that aren’t even designed for messaging like Yelp and LinkedIn. So, is it time to get back to good, old-fashioned email? That’s what Yahoo Finance’s own Rob Pegoraro is writing about.
