Minimum Wage Increase

On Sunday, Sen. Elizabeth Warren (D-Mass.) emphasized the importance of workers in corporate profitability and advocated for raising the minimum wage to $17 an hour. This call to action was earlier echoed by Sen. Bernie Sanders (I-Vt.) who also expressed the urgency for Congress to act on this...

Analysts at Stifel published on Tuesday a deep dive in the restaurant sector and turned bearish for several reasons, one of which includes an anticipated hike in minimum wage across many states, which would pose a risk to corporate earnings. Related Link: Stifel Expects A Recession Within 3 To 9...