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Starting in 2027, the salad chain will raise base pay by up to 45% at higher-volume stores and give managers a cut of revenue when their restaurants beat sales targets.
The Fed's benchmark affects many consumer borrowing costs, including the rates tied to mortgages, credit cards, auto loans and savings accounts.
Two of the 12 Federal Open Market Committee voters dissented from the decision. Both wanted to raise rates by a quarter percentage point.
Mortgage rates have fallen over the past two weeks, but demand is only slightly higher, and more borrowers are looking for savings in riskier loans.
Home remodelers have always served two different markets, but the current state of housing is now pulling them opposite directions.
The Federal Reserve is expected to keep its overnight rate unchanged at the conclusion of its October meeting this week.
The league also inked a memorandum of understanding with the CFTC, the federal regulator of prediction markets.
The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."
Trump's executive order on housing aims to lower mortgage costs. Here's what it means for homeowners and buyers.
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
Bond markets are signaling unease over AI financing costs and sovereign debt in parts of Europe. More stress tests are coming.
As competition for capital grows, central bank policymakers and researchers are scrutinizing the consequences of artificial intelligence on jobs.
Mortgage rates finally came down a little, but borrowers are still having trouble getting into the housing market.
New data on the housing market's performance in September is bleak, with sales, construction and sentiment all falling more than expected.
Humans have debated the merits and morality of debt throughout history.
The U.S. office market is roaring back to health but its speedy recovery is resulting in a shortage, especially of premium space.
Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates.
Interest rates on mortgages continue to rise, leaving some buyers to choose riskier, adjustable-rate mortgages to find savings.
Adjustable-rate mortgages with low introductory interest rates are facing their first adjustment at a time when rates are much higher, according to new data.
Trump tried to fire Cook, a nominee of former President Joe Biden, but the Supreme Court blocked his first attempt.
Pennsylvania's competitive U.S. House districts showcase how housing affordability challenges for young voters may play into control of the next Congress.
Mortgage rates rose to the highest level in nearly three years, causing demand for both refinancing and homebuying to decline even further.
Lake Balaton in south-west Hungary has been a popular vacation destination for decades, but average transaction prices are falling.
Homeowners are stuck in houses they might have left by now due to the low mortgage rates of the past, and can't even remodel with HELOCs too expensive to tap.
Commerce Secretary Howard Lutnick unwound his ties to Cantor Fitzgerald as the billionaire financier joined the Trump administration.
Mortgage demand dropped for the 7th straight week, as rates surged well over 7% on the 30-year fixed.
Many consumers have a gap in their homeowners insurance coverage. This puts them at financial risk, and they are likely unaware, experts said.
The 30-year fixed rate surged to 7.45%, the highest level since April 2024 as bonds sold off and yields rose.
Miami’s ultra-luxury housing segment is booming even as the broader market cools. UBS sees a declining risk of a bubble.