United States

Walmart is reportedly planning to cut over 1,000 corporate jobs

News comes after Walmart announced raising its minimum wage and later acknowledged Sam's Club store closures.


Walmart’s bumpy day: From wage increases to store closings

Walmart announced that it will use some of its savings under the new tax bill to provide wage increases, bonuses and expanded benefits to its hourly workers.


Treasury Secretary Mnuchin applauds Walmart for wage increase

Mnuchin said the "most important issue" is for companies, like Walmart, to raise their own pay rates over time.


Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage

Walmart announced it will be increasing its starting wage rate for hourly employees in the U.S. to $11 from $9.


Goldman Sachs says US wages will really start to rise this year

Americans should see hourly earnings pick up in 2018 following a year of disappointing wage growth


Automation is holding down paychecks, says Nobel Prize-winning economist

Central banks' inflation targets appeared elusive as wage growth hasn't caught up with stronger economy and jobs market.

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