Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
What do higher-for-longer interest rates mean for your money?
Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.
Here are the major U.S. restaurant chains that have disappeared
These restaurants of your childhood were iconic, until they weren't. Several well-known chains – some decades old – have faced tough times that resulted in bankruptcy.
Students may qualify for a financial aid refund from their college under new Education Department proposal
With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.
Amazon, Tripadvisor and other companies team up to fight fake reviews as FTC pushes to ban them
Amazon and several companies are launching a coalition to look for best practices for hosting online reviews and share methods to detect fake ones.
Crocs releasing new classic cowboy boots to celebrate ‘Croctober’
The new boots hit store shelves for a limited time starting October 23.
UAW strike update: Ford, GM lay off more workers
More General Motors and Ford employees were told to not come to work this week as the UAW strike continues.
Fear over Social Security's future pushes Americans to claim benefits early: survey
Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.
Costco exec says membership fee increase question of 'when, not if'
Costco CFO Richard Galanti remained coy about when the retailer's members could see their membership price increase, saying it would "happen at some point."
Rite Aid to close hundreds of stores in bankruptcy: report
Rite Aid will reportedly close 400 to 500 stores as it plans to file for bankruptcy, the Wall Street Journal reported.
Social Security payments could rise 3.2 percent in 2024
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.
Instacart shares surge in grocery delivery company's stock market debut
Instacart's shares surged Tuesday as the grocery delivery company went from the super market to the stock market.
Victoria's Secret overhauls its racy fashion catwalk in company's move to be inclusive
Victoria’s Secret has been trying to reverse its image built on a man’s vision of sexiness that eventually backfired.
Here's how much workers are demanding to start a new job
The lowest wage that American workers are willing to take in order to accept a new job has hit a record high this year, survey results show.
Monthly costs for homebuyers rise nearly 20%
The average rate on 30-year fixed mortgage rose to 6.9% this week.
Bud Light parent company says US market share stabilizing after transgender promotion cost sales
Anheuser-Busch InBev reported a 10.5% drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a promotion with transgender influencer Dylan Mulvaney.
Adidas makes $437 million from first Yeezy sale with portion going to anti-hate groups
Adidas is trying to offload the unsold shoes and donate part of the proceeds to groups like the Anti-Defamation League. The sports apparel company ended its partnership with Kanye West.
CVS to lay off 5,000 employees as it seeks to cut costs
The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company
Overstock's website changes to Bed Bath & Beyond domain
The online retailer Overstock.com is dumping its name online and has become Bed & Bath & Beyond, which declared bankruptcy earlier this year.
Retirement account balances rise despite economic turmoil: Fidelity
401(k), IRA and 403(b) plan balances increased for the second straight quarter in Q1 2023, Fidelity Investments reported.