Tech slide drags major indices from record highs
A Tuesday decline in technology and consumer stocks pulled the S&P 500 0.5 percent lower, ending a five day win streak. Tech and communications led losses while utilities and health care drew buyers as investors awaited the Fed statement and weighed COVID-19 delta concerns against growth prospects. The Dow slipped 85.79 points and the Nasdaq dropped 180.14 as bond yields eased.
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$15 an hour becomes a hiring norm in US service sector
Suburban signs shout Now Hiring $15 an hour as restaurants, retailers, and travel firms raise wages to fill jobs amid strong demand. Labor economist note the trend reflects a movement years in the making, while the Congressional Budget Office warns 17 million workers may still earn less than $15 by 2025. Maggie Himmel’s $15 wage at Flowers for Dreams enables her to move out, and owner Steven Dyme says higher pay speeds recruitment and improves staff quality.
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UAW sells Cheboygan lake house linked to ex‑president
The UAW sold Cabin 4 at Black Lake retreat for Dennis Williams, the former union leader sentenced to 21 months in a federal corruption case. Proceeds, originally listed at 1.3 million, will go to the union general fund as ethics reforms remain a focus.
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