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Business

California’s $20 minimum wage sees fewer customers: study

California’s new $20-an-hour minimum wage law for fast-food workers reduced visits to popular chains as restaurants like McDonald’s, Wendy’s and Burger King raised prices to offset higher costs, according to a study. California’s new $20-an-hour minimum wage law for fast-food workers led to higher prices and lower traffic at popular chains including McDonald’s, Wendy’s and

Science

Ed Stone, JPL director and Voyager’s top scientist, dies at 88

Ed Stone, the scientist who led NASA’s Voyager breakthrough mission to the outer planets for 50 years and directed the Jet Propulsion Laboratory when it landed its first rover on Mars, died Tuesday. He was 88. A physicist who got in on the ground floor of space exploration, Stone played a leading role in NASA’s

Business

Apple has passed Microsoft to become the most valuable company

Apple ( AAPL ) has overtaken Microsoft ( MSFT ) as the most valuable company, outpacing the tech competitor as Apple shares soared to new record highs on new AI announcements. Catalyst hosts Seana Smith and Madison Mills report on Apple’s top move and where its new AI features will fit into the consumer tech

Business

The Fed is holding rates steady and predicts only one cut this year

Federal Reserve officials left interest rates unchanged in their June decision and predicted they would cut borrowing costs just once before the end of 2024, a sign they plan to be patient before making a U-turn in their fight against rapid inflation. Central bankers raised interest rates rapidly between early 2022 and July 2023, taking

Technology

What’s the big deal about ketones?

Cycling is so full of mind-boggling jargon that it almost threatens to spoil the fun at times. If it’s not the complications of power measurement, it’s the physiology of the fuel or the PhD-level physics behind the aerodynamics that fools the wind. The latest word to bring us into the limelight is ketones, described by

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