Minimum wage in Denver will rise to $17.29 in 2023


The minimum wage in Denver will increase to $17.29 per hour beginning January 1, an annual adjustment based on the Consumer Price Index. Denver will be among several dozen cities nationwide with minimum wages over $17 per hour, city officials said in a news release. […]

Yellen: Recession not inevitable, gas tax holiday weighed


REHOBOTH BEACH, Del. — Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable. Yellen offered a dose of optimism even as economists grow increasingly worried about a recession fueled […]

Binance Singapore withdraws application for local crypto bourse


SINGAPORE (BLOOMBERG) – Binance Asia Services, the Singapore entity of Changpeng Zhao, has withdrawn its application for a license to run a cryptocurrency exchange, the company said. With that, Binance ends an effort to operate a regulated cryptocurrency bourse under the oversight of the Monetary […]

US consumer prices surge 6.8% in November, biggest jump since 1982


WASHINGTON (BLOOMBERG, REUTERS) – US consumer prices rose last month at the fastest annual pace in nearly 40 years, magnifying how rapid and persistent inflation is eroding pay cheques and increasing pressure on the Federal Reserve to tighten policy. The consumer price index (CPI) increased […]

China creates new state-owned logistics giant


BEIJING (CAIXIN GLOBAL) – A new logistics behemoth in China combining five state-owned companies was launched Monday in a push by the central government to consolidate state assets. China Logistics Group, with registered capital of 30 billion yuan (S$6.43 billion), was created through a combination […]