The Federal Reserve wraps up a two-day policy meeting Wednesday and Yellen will hold her first news conference as Fed Chair at 2:30 Eastern time. She's not expected to change course from the policies of her predecessor, Ben Bernanke. But investors will pay close attention to what she says and how she says it. Yellen has already sparked a pair of rallies with her testimony before congressional committees last month.
Here on Wall Street Tuesday, the Dow Jones industrial average (^DJI) gained another 89 points, the Nasdaq composite (^IXIC) rose 53 and the Standard & Poor's 500 index (^GPSC) added 13 points.
Many baby boomers have the time and the money to travel. Now, AARP, has a new travel website to help the 50-and-older crowd plan their trips. Unlike other travel sites,
More than 1,600 low-wage workers at McDonald's (MCD) restaurants in Manhattan will share in a $500,000 settlement. The New York state Attorney General, Eric Schneiderman, has cut a deal with the owner of seven McDonald's franchises to compensate workers who weren't paid for all of the hours they worked. Employees in California and Michigan also filed suit recently to get back-wages.
Most of those were making minimum wage or just above it. But check this out: college interns at top paying tech companies are earning an average of $4,600 a month. Prorated for a full year, that's more than $55,000, about $2,000 above the median family income in the U.S. According to a survey by Glassdoor, the top paying company is Palantir, a software company that does work for the military and intelligence community. Also in the top 10: Twitter (TWTR), Facebook (FB), Google (GOOG) and Apple (AAPL).
-Produced by Drew Trachtenberg.