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Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to triple – CNBC

https://www.cnbc.com/2021/02/25/cramer-gamestop-frenzy-leads-to-unrealistic-expectations-for-returns.html

Costco raises its minimum wage above its competitors – CNN

https://www.cnn.com/2021/02/25/business/costco-minimum-wage-workers/index.html

Zillow will now make cash offers for homes based on its Zestimates – CNN

https://www.cnn.com/2021/02/25/tech/zillow-zestimate-cash-offer/index.html

Can Clubhouse Move Fast Without Breaking Things? – The New York Times

https://www.nytimes.com/2021/02/25/technology/clubhouse-audio-app-experience.html

HMRC letters question Covid self-employment support grant claims

Share close Share page Copy link About sharing image copyrightGetty Images Another 11,000 people are receiving letters from HM Revenue and Customs (HMRC) questioning claims for self-employment support grants. The UK’s tax authority sent 24,000 similar letters last year to… Continue Reading →

Gang member faces years in federal prison for refusing to testify about shooting that killed one and left him badly wounded

While being treated at the hospital, Danzler told Chicago police detectives he did not see the shooter. But the next day, according to federal prosecutors, he received a telephone call from the suspected killer himself. During the call, the gunman, identified only as Individual A, taunted Danzler, telling him, he was “fast,” unlike the “other guys,” according to prosecutors.

Costco to hike its minimum wage to $16 an hour

Costco is boosting its minimum hourly wage to $16 starting next week, the warehouse retailer’s chief executive said during congressional testimony on Thursday.
The $1-an-hour wage increase exceeds the pay that competitors Target, Walmart and other big-box retailers offer their employees and comes amid a national discussion about raising the federal minimum wage to $15 an hour.
Earlier this month, Walmart said it would raise the average pay for 425,000 of its employees to $15 an hour, while still maintaining its starting wage of $11.
“This isn’t altruism,” Costco’s CEO, Craig Jelinek, told the US Senate Budget Committee on Thursday. “In the long run, by minimizing turnover, maximizing employee productivity, commitment and loyalty, we encourage our employees to view Costco as providing a career rather than just a job.”
Jelinik said half of Costco’s 180,000 employees in the US are paid at the top of the company’s hourly pay scale in excess of $25 an hour and most of these employees, he added, receive regular twice yearly bonuses of up to $4,000 a pop. 
The average hourly wage for employees including these bonuses comes to about $24 an hour, he said.
The Biden administration has proposed raising the federal minimum wage to $15 an hour from $7.25 an hour.
During the pandemic Costco had added an extra $2 an hour in so called hazard pay to frontline workers’ checks, but that will end this year as the company adds a permanent pay increase, Jelinik said.
The members-only discount retailer based in Issaquah, Wash. claims that its pay and benefits have resulted in lower turnover as more than 60 percent of its employees have been with the company for at least five years and more than a third have been there for more than a decade. 
“We feel the experience level and loyalty of our employees is a significant advantage for our company,” Jelinik said.
Costco’s move, industry experts said, is likely to put pressure on other large retailers to revamp their pay.

GameStop, Other Meme Stocks Leap Premarket – The Wall Street Journal

https://www.wsj.com/articles/gamestop-other-meme-stocks-leap-premarket-11614259399

Vauxhall: Talks over fate of Ellesmere Port plant 'productive'

Share close Share page Copy link About sharing image copyrightGetty Images Talks over the future of Vauxhall’s Ellesmere Port car plant have been “productive but not conclusive”, the car plant’s owner said. Stellantis has been in talks with the government… Continue Reading →

In apparent error, Facebook labels Illinois US Rep. Marie Newman’s video ‘hate speech’ in feud over LGBTQ rights with Republican Marjorie Taylor Greene

“If she has to compete against boys in her sport, not only will they be on her playing field and she has to compete against them, they will be in her locker room, they will be in her showers, they will be in her bathroom, they will be in her hotel room when she travels with her team,” Taylor Greene said. “This is about right and wrong. This is about girls’ and women’s rights.”

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