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Americans have been waiting for a solid pay raise for years. Maybe there's good news awaiting them as the country employs more people.

The U.S. economic recovery has gone on for eight long years, and the unemployment rate is at a low 4.4 percent. But wage gains have barely budged.

That's got economists scratching their heads.

Apple put investors at ease Tuesday with its quarterly report. Wall Street was expecting a slowdown in iPhone 7 sales. Instead, sales of the iPhone 7 were up 1.6 percent year over year.

Analysts thought that consumers would wait for the highly anticipated iPhone 8 before they upgraded. Apple is expected to make significant changes in its upcoming 10th anniversary edition — such as wireless charging and facial recognition software.

Updated 4:21 p.m. ET Aug. 1

Sen. Lamar Alexander, R-Tenn., and Sen. Patty Murray, D-Wash., announced today that the Senate Health, Education, Labor and Pensions committee will hold bipartisan hearings on ways to stabilize the Affordable Care Act marketplaces for 2018.

The hearings will start the week of Sept. 4. Their aim is to act by Sept. 27, when insurers must sign contracts to sell individual insurance plans on HealthCare.gov for 2018.

Tikeyah Whittle

If you’re a tea drinker, then you probably know the name Cindi Bigelow. She’s the third generation president and CEO of Fairfield-based Bigelow Tea.

One of the biggest fishing magnates in the country could be sentenced to prison this coming week, and the forfeiture of his boats could be a big hit for the Massachusetts port where he amassed a small empire.

Between his scalloping and groundfishing boats, Carlos Rafael – nicknamed "the Codfather" — came to be the largest single owner of fishing vessels in New England, and possibly in the country.

MMCT

Governor Dannel Malloy has signed into law a measure that would allow the state’s two federally recognized tribes to build and run a third casino. But the legislation looks certain to attract legal action.

Boston Globe CEO Doug Franklin resigned Tuesday, after less than seven months in the role.

In a memo to staff, Franklin cited “differences” over strategy with John Henry, the owner and publisher of the newspaper.

“While John Henry and I share similar passion and vision for the Globe, we have our differences how to strategically achieve our financial sustainability,” Franklin said in his memo. “With disappointment, I am resigning from the Globe, effective immediately, and will not be part of your work shaping the Globe’s future.”

A new study demonstrates a key role immigrants fill in the American economy. The study, by the bipartisan research and advocacy group New American Economy, shows immigrants are more likely than U.S.-born workers to pick up night and weekend shifts in a number of fields.

Investors sent shares of the Internet streaming service Netflix soaring after the company reported that it had beaten forecasts and attracted 5.2 million new subscribers worldwide, increasing its membership to 104 million.

"We also crossed the symbolic milestones of 100 million members and more international than domestic members. It was a good quarter," Netflix wrote in its second-quarter letter to shareholders.

State legislatures and city halls are battling over who gets to set the minimum wage, and increasingly, the states are winning.

After dozens of city and county governments voted to raise their local minimum wage ordinances in the last several years, states have been responding by passing laws requiring cities to abide by statewide minimums. So far, 27 states have passed such laws.

Micromanagement is routinely the top complaint people have about their bosses, and in today's good job market where workers have more options, that's a bigger problem for employers.

People might have their own definition of when a manager crosses into being too controlling, but most people would probably agree that Marjon Bell's former boss would fit.

Tesla CEO Elon Musk, speaking to U.S. governors this weekend, told the political leaders that artificial intelligence poses an "existential threat" to human civilization.

At the bipartisan National Governors Association in Rhode Island, Musk also spoke about energy sources, his own electric car company and space travel. But when Gov. Brian Sandoval of Nevada, grinning, asked if robots will take everyone's jobs in the future — Musk wasn't joking when he responded.

Yes, "robots will do everything better than us," Musk said. But he's worried about more than the job market.

City of Stamford

Job search website Indeed says it will create more jobs in Stamford, adding 500 positions to its current workforce of 700 and making an investment of $26.5 million in its offices. 

The heat of summer is felt by prospective homeowners in the housing market.

The average price of a single family home in the state has reached $410,000 — up $30,000 from the same time last year.

For many would-be homebuyers, it’s probably a little too hot.

“It’s a little scary the way things fly off the market,” says 34-year-old Katie McGee, a first grade teacher who lives in a small Somerville condo with her 2-year-old daughter and her fiancé, Charlie Linehan, a landscaper in Cambridge.

Jackie Filson / WNPR

French pharma giant Sanofi is to acquire Meriden-based Protein Sciences, the company that makes the Flublok vaccine. The deal, announced Tuesday, is worth up to $750 million. 

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