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Category: Business

McDonald’s is raising wages at company-owned restaurants

McDonald’s is the latest restaurant to say it’s raising wages in a bid to attract workers. The company is increasing hourly employees’ pay by about 10 percent, it announced Thursday — but the change applies only to a small percentage of staff. Entry-level employees will earn at least $11 to $17 an hour, the company said in a statement. Shift managers will earn at least $15 to $20 an hour, CNN reports. The company has already started implementing the increases and will continue to roll them out in the months ahead. Hourly wages should reach $15 on average at the restaurants...

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Bitcoin sinks 12% after Elon Musk tweets that Tesla won’t accept it as payment

CNN — The price of bitcoin sank about 12 percent early Thursday morning after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric cars. The price of one Bitcoin now sits around $50,900, according to cryptocurrency news website Coindesk. Musk cited the cryptocurrency’s high environmental cost as reason for the move, after months of being bullish on it. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,”...

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Chick-fil-A faces sauce shortage

Chick-fil-A is limiting the number of sauces it’s giving out to customers as the chain faces a shortage. The chicken chain said the shortage is due to industry-wide supply chain issues. At many of its 2,600 US locations, Chick-fil-A will only be giving customers one or two dipping sauces per item ordered. “We are actively working to make adjustments to solve this issue quickly and apologize to our guests for any inconvenience,” the company said in a statement. Fast food chains have been hit especially hard in recent months with both a labor shortage and supply chain issues....

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State officials urge Floridians not to panic amid ongoing gas pipeline woes

LEHIGH ACRES, Fla. — Millions of people along the east coast are rushing to fuel up their cars as another day passes that the Colonial Pipeline is shut down. Russian hackers forced the pipeline to stop their normal operations and fears of a gas shortage are growing. Virginia, North Carolina, Georgia, and Florida are all under a state of emergency. But that doesn’t mean we’re in any danger yet. State officials are urging people to avoid panicking and hoarding gasoline. The major pipeline normally transports fuel across the east coast and throughout the southeast,...

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