Featured
Historic Labor Reunion: SEIU Returns to AFL-CIO After 20-Year Separation
The Service Employees International Union's landmark decision to rejoin AFL-CIO marks a significant strengthening of organized labor in America. The reunion brings 2 million members under the federation's umbrella, establishing SEIU as its largest union amid declining private sector unionization rates.
AI Revolution in Banking: 200,000 Wall Street Jobs at Risk Over Next Five Years
Major global banks could eliminate up to 200,000 positions as artificial intelligence increasingly automates traditional roles, with potential cuts of 3-10% of total workforce. The technology shift could add $180 billion to pretax earnings by 2027 through AI-powered productivity gains.
Record ACA Enrollment Hits 24 Million as Enhanced Benefits Face Uncertain Future
Nearly 24 million Americans enrolled in ACA health insurance for 2025, marking a 9% increase from last year amid expanded benefits under Biden's administration. However, the potential expiration of enhanced premium tax credits threatens coverage for millions and could lead to substantial premium increases.
Demographic Cliff: U.S. Colleges Face Crisis as Student Population Set to Drop 15%
A looming demographic shift threatens U.S. higher education as projections show 650,000 fewer college-age students annually by 2039. This unprecedented decline is already forcing college closures and raising concerns about future workforce shortages across critical industries.
Baker College Hit with $2.5M Fine for Misleading Student Career Claims
The U.S. Department of Education has fined Baker College $2.5 million for deceptive marketing practices that misrepresented career outcomes and employment prospects. The federal investigation revealed inflated placement rates and misleading salary data while the college spent more on marketing than financial aid.
JPMorgan Mandates Full Return to Office in 2025, Ending Remote Work Era
JPMorgan Chase announces its sixth and most stringent return-to-office mandate since 2020, requiring all employees to work in-office five days per week starting January 2025. CEO Jamie Dimon continues his firm stance against remote work despite the bank's paradoxical reduction in office space.
Washington Takes the Lead: 21 States Ring in 2024 with Higher Minimum Wages
Washington state has surpassed California and New York with the nation's highest minimum wage at $16.66 per hour. The wave of increases across 21 states will benefit over 9.2 million workers, highlighting the growing divide between state and federal minimum wages.
US Service Sector Growth Accelerates as Price Pressures Mount
The ISM services index climbed to 54.1 in December 2023, with the prices paid component hitting its highest level in nearly a year. While the sector shows resilience, rising costs and potential policy shifts create uncertainty for businesses navigating inflation pressures.
JPMorgan Ends Remote Work Era with Mandatory Full-Time Office Return
JPMorgan Chase is set to eliminate hybrid work arrangements, requiring all 300,000+ employees to return to office five days per week. The move signals a definitive shift away from pandemic-era flexibility and could influence other major financial institutions to follow suit.
