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Business

News related to money, including business and finance.

Student loan borrowers struggle to keep up with monthly payments: study

Student loan borrowers struggle to keep up with monthly payments: study

Student loans have become a burden for many borrowers, post-pandemic. Sixty percent of federal loan borrowers who had payments due in October didn’t make payments until mid-November, according to the Department of Education.

December 28, 2023 3:23pm EST
Americans are feeling more optimistic about the future of Social Security: survey

Americans are feeling more optimistic about the future of Social Security: survey

More Americans expect to get their Social Security benefits when they retire – in three prior readings, non-retirees were more inclined to predict they would not receive their benefits, a recent Gallup survey said.

December 27, 2023 11:34am EST
New IRS tax brackets take effect in 2024, meaning your paycheck could be bigger next year

New IRS tax brackets take effect in 2024, meaning your paycheck could be bigger next year

The IRS adjusted the income limits for the different tax brackets in the 2024 tax year as still-high inflation continues to squeeze Americans financially.

December 27, 2023 7:47am EST
'Career cushioning,' latest workplace trend, has employees trying to protect themselves heading into 2024

'Career cushioning,' latest workplace trend, has employees trying to protect themselves heading into 2024

A workplace trend known as "career cushioning" has employees setting up Plan B initiatives — so that if they're downsized by their companies, they're prepared for it. Here's what to know.

December 26, 2023 8:48am EST
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation

Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation

Economist argues less spending equals a 'milder’ recession.

December 21, 2023 4:30pm EST
Toyota's small car unit Daihatsu suspending vehicle shipments over safety cheating scandal

Toyota's small car unit Daihatsu suspending vehicle shipments over safety cheating scandal

Toyota said its investigation found 174 new cases of irregularities in safety test and other procedures in 25 test categories involving multiple model vehicles.

December 20, 2023 12:10pm EST
Secure 2.0: optional provisions kick in to help retirement savers with emergencies and student loan debt

Secure 2.0: optional provisions kick in to help retirement savers with emergencies and student loan debt

The Secure 2.0 Act of 2022 has several new optional provisions kicking in at the start of 2024, such as emergency savings and student loan matching.

December 19, 2023 5:13pm EST
These are the most affordable cities to buy a home in 2024: Realtor.com

These are the most affordable cities to buy a home in 2024: Realtor.com

Realtor.com released the top 100 ranking metros for 2024, including affordable markets in the Northeast and Midwest such as Toledo, Ohio, and Rochester, New York, alongside several Southern California markets.

December 19, 2023 2:30pm EST
Boston Market's owner files for bankruptcy amid legal troubles

Boston Market's owner files for bankruptcy amid legal troubles

Owner Jay Pandya filed for bankruptcy recently amid financial troubles and lawsuits from debtors.

December 18, 2023 5:38pm EST
Americans living in these states are worse off financially: survey

Americans living in these states are worse off financially: survey

Americans nationwide are feeling the lingering impact of inflation on their wallets, but these three states have it the worst, according to a recent WalletHub survey.

December 18, 2023 4:29pm EST
Biden forgives another $4.8 billion in federal student loan debt, but alternative relief plan hits a snag

Biden forgives another $4.8 billion in federal student loan debt, but alternative relief plan hits a snag

The Biden administration has forgiven a total of $132 billion in federal student loans for more than 3.6 million Americans, and all of it has bypassed the need for congressional approval.

December 18, 2023 4:12pm EST
Running for a bonus: Company gives larger cash rewards if workers can run 2 miles a day

Running for a bonus: Company gives larger cash rewards if workers can run 2 miles a day

The Chinese paper company swapped its year-end bonuses for monthly, exercise-based cash rewards, telling a state-owned newspaper how “a company can last long when its employees are healthy."

December 18, 2023 10:14am EST
Japanese steel company purchasing U.S. Steel in deal worth nearly $15 billion

Japanese steel company purchasing U.S. Steel in deal worth nearly $15 billion

Nippon Steel said Monday that the deal will bolster its manufacturing and technology capabilities, and also expand the company's production in the U.S. and add to its positions in Japan.

December 18, 2023 10:01am EST
Costco sold $100 million in gold bars last quarter

Costco sold $100 million in gold bars last quarter

CFO Richard Galanti said in September that the gold bars are 'typically gone within a few hours.'

December 16, 2023 8:34am EST
Gas prices on downward slide, further price drops likely: AAA

Gas prices on downward slide, further price drops likely: AAA

A downward trend in national gas prices persists ahead of holiday travel. Tepid demand and a low cost for oil are bringing drivers relief at the pump, according to AAA.

December 15, 2023 6:28pm EST
Temu accuses Shein of using 'mafia-style intimidation' of suppliers to restrict its growth

Temu accuses Shein of using 'mafia-style intimidation' of suppliers to restrict its growth

A complaint filed in federal court claims Shein called suppliers it believes to be working with Temu to its offices, detaining them for hours, seizing their phones and threatening to impose penalties for doing business with its rival.

December 14, 2023 4:10pm EST
Fed decides no interest rate bump in December, indicates cuts ahead

Fed decides no interest rate bump in December, indicates cuts ahead

The Federal Reserve announced a third interest rate pause during its December meeting on Wednesday, still leaving the federal funds rate at a 22-year high of 5.25% to 5.5%.

December 14, 2023 2:28pm EST
12 percent of retired Americans plan to return to the workforce in 2024: survey

12 percent of retired Americans plan to return to the workforce in 2024: survey

Some 12% of Americans said they planned to work again in the New Year, with 61% citing rising costs as the reason, a recent Resume Builder survey said.

December 13, 2023 2:41pm EST
Are annual reviews going away? What this means for the workforce

Are annual reviews going away? What this means for the workforce

The U.S. job market remains strong, and more employers are looking for ways to give feedback and constructive criticism without doing a full-blown annual performance evaluation.

December 12, 2023 3:05pm EST
Toy maker Hasbro to cut 1,100 jobs, prompted by ongoing slowdown in sales

Toy maker Hasbro to cut 1,100 jobs, prompted by ongoing slowdown in sales

Toy maker Hasbro is cutting about 1,100 jobs, or 20% of its workforce.

December 11, 2023 7:34pm EST
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Maryland pioneers early-intervention hotline to curb domestic violence

Maryland pioneers early-intervention hotline to curb domestic violence

Two injured in ICE-involved shooting in Glen Burnie: officials

Two injured in ICE-involved shooting in Glen Burnie: officials

2 miles of delays on I-66 after multi-vehicle crash

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ICE disputes claim that Maryland woman arrested in viral case is US citizen

ICE disputes claim that Maryland woman arrested in viral case is US citizen

Lowe’s worker convicted in deadly forklift attack in Maryland Home Depot parking lot

Lowe’s worker convicted in deadly forklift attack in Maryland Home Depot parking lot

Attorneys continue to fight for Maryland woman they say was wrongfully detained by ICE

Attorneys continue to fight for Maryland woman they say was wrongfully detained by ICE

Man charged with murder in Prince George's County shooting that killed 37-year-old

Man charged with murder in Prince George's County shooting that killed 37-year-old

DC man sues employer saying he was unlawfully fired due to decades-old misdemeanor charge

DC man sues employer saying he was unlawfully fired due to decades-old misdemeanor charge

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