News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
Average hourly wages grew 3.6% in June relative to last year, the most in more than a decade. However, inflation essentially gave the average worker about a 2% pay cut, according to the Bureau of Labor Statistics.
Investors’ concerns about Beijing’s crackdowns put tech shares under further pressure
A new analysis uncovers a startling difference in how male and female CEOs reacted to the pandemic.
Flush with cash and driven by renewed interest in biotechnology, the life sciences industry is swooping in to snap up vacant office space.
According to its stewardship report, the asset manager supported 35% of 843 shareholder proposals that it voted on in the recent proxy season, compared with 17% in the previous year.
Austria’s Anna Kiesenhofer escapes early to fend off a confused Dutch superteam and capture gold