Women walk past by a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images The unemployment rate for Black and Hispanic women r...
Tag: Social issues
Altria to Buy Vaping Company NJOY for $2.75 Billion
Altria agreed to buy e-cigarette maker NJOY for $2.75 billion in cash as the Marlboro maker looks to strengthen its portfolio of smoke-free products. The deal for privately held NJOY, one of the few e...
Exxon Mobil sued over 5 nooses displayed at Louisiana facility
Exxon Mobil Corp. violated federal law for failing to take sufficient action as five hangman’s nooses were displayed at its facility in Baton Rouge, Louisiana, the U.S. government said in a lawsuit. A...
Creed franchise is more than a Rocky spinoff
Michael B. Jordan stars in “Creed III.” Warner Bros. LOS ANGELES — It’s an underdog story for the 21st century. The Creed series is a Hollywood miracle in many ways. It’s a luc...
For a better retirement, you should work longer — but is that realistic?
Financial advisers and retirement coaches often have two words for people in their 50s and 60s concerned about retirement: Work longer. Doing so, they say, can boost their savings, help them receive l...
How layoffs will affect DEI pledges: McKinsey’s Shelley Stewart
Businesses need to remain diligent in their diversity, equity and inclusion, or DEI, efforts as layoffs continue, according to McKinsey senior partner Shelley Stewart. In an interview with CNBC, Stewa...
Eli Lilly and Novo Stock Sold Off. Don’t Blame Their Diet Drugs.
Stock in Eli Lilly and Novo Nordisk outperformed last year, largely because of remarkable demand for new drugs that drive weight loss in patients afflicted with diabetes and obesity. Both stocks were ...
IRS more likely to audit Black Americans’ taxes, study finds
Jeffrey Coolidge | Photodisc | Getty Images Black Americans are roughly three to five times more likely to face an IRS audit than other taxpayers, according to a new study. While there isn’t evi...
Want to be a homeowner in 2023 — or continue to rent and save for a down payment? Read this first.
If you’re a renter dreaming of homeownership in 2023, here’s the hard truth: It may be cheaper to remain a tenant, at least for now. Across the 50 largest metropolitan markets in the U.S., renters, wh...
Making salary ranges public may shrink pay gaps but slow wage growth
The rise of pay transparency laws in the United States could change how the nation’s workers negotiate their annual salaries in today’s fast-changing labor market. As layoffs mount in the ...
How long does your retirement savings need to last? First, learn how long you might live.
One of the things that makes it so hard to save for retirement is not knowing how long it will last. You’re trying to amass a nest egg big enough to never run out of money while you’re alive — without...
White families are reaping over 90% of the benefit from this powerful tax rule
Tax season is starting for all Americans — but the tax code’s provisions play out very differently for white families compared to families of color, new research says. The tax benefits from some of th...
GM May Be Cutting a Battery Plant. What That Means for Its EV Spending.
Text size GM and Renewable Innovations are collaborating on a rapid charger that can help gas stations add fast-charging capabilities. Courtesy GM General Motors has plans to be a big seller of electr...
How health insurance may have made health care more expensive
Widespread medical debt is a uniquely American problem. Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation. “The history o...
Elon Musk says he can’t get fair trial in California in Tesla shareholder suit, wants Texas
WASHINGTON — Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him. I...
Noncompete agreements will be a thing of the past for workers — from hairstylists to executives — if federal regulators have their way
Employers would be banned from making staff sign noncompete clauses, according to proposed rules that federal regulators say would boost worker pay and end a major drag on people who wish to change jo...
U.S. unemployment rate falls in December, but rises for Black women, Hispanic men
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. Spencer Platt | Getty Images The U.S. unemployment rate declined overall in December, but rose for...
‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible
Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke. Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not reco...
Paramount sued for $500 million over 1968 ‘Romeo & Juliet’ nude scene
British actress Olivia Hussey and actor Leonard Whiting star in Franco Zeffirelli’s ‘Romeo and Juliet,’ circa 1967. Keystone | Hulton Archive | Getty Images Two stars of the 1968 fil...
Opinion: Hardship withdrawals from a 401(k) will get easier soon, but not quite yet
If you’re getting crushed by inflation and you have any money sitting in your 401(k), you may be wondering how you can get at it. In that kind of situation, something called a “hardship withdrawal” so...
Financial health dipped in 2022, and consumers aren’t ready for a downturn: CFPB
Americans’ financial health slid by some measures in 2022 amid rising consumer prices, the end of pandemic-era government benefits, and even a return to riskier alternative financial services like tit...
88% of employers offer a Roth 401(k). How to take advantage
Maskot | Maskot | Getty Images The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. About 88% of 401...
Pro-LGBTQ brands preferred by workers and consumers: GLAAD study
American workers and consumers are more likely to prefer brands that publicly align with LGBTQ causes, according to a new analysis. More than 51% of U.S. employees who responded from July to August to...
Billionaire Ken Griffin sues IRS over tax disclosure
Ken Griffin, Citadel, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Hedge-fund billionaire Ken Griffin has sued the IRS and the Treasury Department over the “unlawful discl...
Supreme Court upholds California ban on flavored tobacco
In this photo illustration, packs of menthol cigarettes sits on a table in New York City. Drew Angerer | Getty Images The Supreme Court on Monday rejected a bid from the tobacco industry to block a Ca...
5 money moves to make now to ensure financial success in the new year
The end of the year is an important time for making financial decisions that can have an impact in the year ahead — and for years to come. From your work to your savings and investments to spending an...
What the pro-business tax agenda is chasing in a changing Congress
Sunrise hits the U.S. Capitol dome on September 30, 2021 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Main Street could find itself stuck in gridlock next year in terms of ad...
How to prepare for a 1099-K for online payments and reduce your taxes
Charday Penn | E+ | Getty Images If you’ve accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports income from third-party networks, in early 2023....
Opinion: Opinion: Household wealth falls $13.5 trillion, second worst drop on record
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than 25% of its value, the Federal ...
NFL, Washington Commanders slammed by House panel over misconduct probe
Washington owner Daniel Snyder on the sidelines before a game against the Chicago Bears at FedEx Field in 2019. Jonathan Newton | The Washington Post | Getty Images The NFL and the Washington Commande...
credit card debt, ruined retirement plans
Teresa Harding Source: Teresa Harding It took three months for Teresa Harding to open her termination letter. “I couldn’t look at it,” Harding, 47, said. For seven years, she’d...
‘I’m not at rock bottom yet’: I have a serious gambling addiction. I’ve maxed out my credit cards and racked up $100K in debt. Can you help?
I’ve gotten to a point where I need serious help for my gambling addiction, though I’m not at rock bottom yet. I am a journeyman-level employee with about 20 years’ experience at my current job. I am ...