A major U.S. bank, with over $2.6 billion in assets, just raised its minimum wage.Bank of America announced on Wednesday that it would raise its minimum pay for its full- and part-time U.S. hourly workers to $25 an hour. The change will take effect next month, pushing the minimum salary for full-time U.S. employees to over $50,000 annually.This pay increase is the final phase of a plan announced in 2017 to boost the bank’s base pay from $15 an hour to $25 an hour by 2025. (Employees have been making $24 an hour since October 2024.) With the raise to…
Author: Staff Writer
Meta CEO Mark Zuckerberg gave the keynote address at Meta Connect on Wednesday, revealing a trio of new smart glasses. The products have been a hit with consumers — the tech giant has sold more than two million pairs of its Ray-Ban glasses since it launched in October 2023.”It is no surprise that AI glasses are taking off,” Zuckerberg said at the event. “The sales trajectory that we’ve seen is similar to some of the most popular consumer electronics of all time.”The product that took center stage was the Meta Ray-Ban Display, an entirely new pair of glasses ($799) that…
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 513.05 points or 1.15% to 45,303.43 • Shanghai decreased 44.685 points or -1.15% to 3,831.656 • Hang Seng decreased 363.54 points or -1.35% to 26,544.85 • ASX 200 decreased 73.30 points or -0.83% to 8,745.20 • SENSEX increased 320.25 points or 0.39% to 83,013.96 • Nifty50 increased 93.35 points or 0.37% to 25,423.60 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00338 or -0.51% to 0.66180 • NZDUSD decreased 0.00524 or -0.88% to 0.58814 • USDJPY increased 0.988 or 0.67%…
Opinions expressed by Entrepreneur contributors are their own. German Sierra, founder of Pana Food Truck in Santa Cruz, California, never imagined his craving for a childhood comfort food would lead him to build a thriving business with a loyal following and the distinction of Yelp’s Top 100 Food Trucks.”My brother and I came to the United States in 2016 [from Venezuela],” he says. “There weren’t any arepas. We actually eat arepas every day in Venezuela, so we needed them. My brother was like, ‘Hey, why don’t we make some arepas and take them to the streets, and maybe people will…
Opinions expressed by Entrepreneur contributors are their own. Modern supply chains are a complex web of interconnected, intertwined digital ecosystems, each supporting the other. Look around you, and everything from how your workstations perform to how your data is being managed consists of several different suppliers and vendors, beyond what might be evident to you on first glance.You may have bought your web domain from an American company, but your hosting servers are in Europe. You probably bought your cloud infrastructure from AWS or Google, but your data is being stored in a remote village in Norway.Beyond what is visible…
Opinions expressed by Entrepreneur contributors are their own. Do you remember the time when Netflix was a DVD rental service that delivered DVDs to your home? You would be forgiven for thinking of those years as the distant past, but the company only switched its business model from delivery to streaming in 2007.In just under two decades, subscription services have changed the way people shop, play and work. Businesses are also taking advantage of subscription services. As we head for the middle of 2025, though, the subscription economy is showing signs of yet another shift as it expands beyond digital…
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. In business, communication is currency. Whether you’re onboarding a supplier from Vietnam, pitching to a client in Germany, or expanding into Latin America, being able to speak even a little of your partner’s language goes a long way toward building trust. But hiring translators or relying on those free apps (limited abilities + ads) at every turn isn’t exactly efficient.That’s why more business…
Opinions expressed by Entrepreneur contributors are their own. “We need 1,000 leads — are we on target?”It seems like a simple business question, but for many teams, arriving at an answer requires hours of digging through manual files and spreadsheets, piecing together data from individual systems and uncovering where information exists across siloed departments.It’s not only about finding the right data and bringing it together — knowing whether a team is on track toward its goals takes analysis to understand what the data actually means. This requires a level of expertise and training that most employees, outside of data scientists,…
Nvidia said on Thursday it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker just weeks after the White House engineered an extraordinary deal for the U.S. government to take a massive stake in the company. The stake instantly will make Nvidia one of Intel’s largest shareholders, giving it roughly 4% or more of the company after new shares are issued to complete the deal. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the famed U.S. manufacturer failed to pay off, and it triggered a 30% jump in the…
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Global business today moves at the speed of conversation — but some professionals may be held back by language barriers. From negotiating with international partners to connecting with clients across borders, communication can make or break opportunities. That’s why business-minded learners are turning to Babbel, the #1-selling language learning app trusted by millions worldwide.With a Babbel Language Learning lifetime subscription, you’ll gain access…