While more than three in 10 U.S. retirees say they would be motivated to rejoin the workforce if inflation continued to eat into their savings, 43% of retirees see their age as a barrier to getting a ...
Tag: Social issues
44% of Americans think they can achieve billionaire status
Michael Bloomberg, (right) founder of Bloomberg LP, and Lloyd Blankfein, chairman and CEO of Goldman Sachs Group, at the 10,000 Small Businesses (1OKSB) Partnership Event in London on Dec. 14, 2016. C...
McDonald’s U.S. head says California fast-food bill unfairly targets big chains
A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images The head of McDonald’s U.S. on Wednesday publicly criticiz...
Planning ahead can help families afford long-term care amid inflation
Stan Horwitz and his family didn’t have any plans regarding long-term care until there was a crisis. His father, Martin, was in his late 80s and lived alone. He was reluctant to accept any assis...
Do you make too much for student loan forgiveness? Here’s what to know
If you’re one of the millions of Americans with student loans, President Joe Biden‘s forgiveness plan may be welcome relief. However, there are some key things to know about the income lim...
How this family of four partners manages finances in a nontraditional relationship
Rachel, Kyle, Ashley and Yair are two married couples in a nonmonogamous relationship. They share a house, car, dog, cat, partners and finances. They also have plans to have children together. They ha...
Walmart ordered to pay Oregon man $4.4 million for racial profiling
PORTLAND, Ore. — A Multnomah County grand jury has ordered Walmart to pay $4.4 million in damages to a man who sued the store, saying he was racially profiled and harassed by a Walmart employee at a P...
These cannabis stocks could benefit from adult-use cannabis legalization in Germany
While it’s too early to predict winners and losers among U.S. and Canadian cannabis companies, some of these players are expected to see a boost in sales as Germany moves toward nationwide legalizatio...
Walmart expands abortion coverage for employees after Roe v Wade
Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on...
CVS, Walgreens and Walmart Ordered to Pay $650 Million to Ohio Counties in Opioid Case
A federal judge in Ohio has ordered the companies owning CVS, Walgreens and Walmart pharmacies to pay $650 million over 15 years to two Ohio counties after a jury found them liable for contributing to...
Inflation Reduction Act to cap costs for Medicare patients on insulin
The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin...
Drugmaker Endo Says Bankruptcy Likely Imminent
Endo International PLC, a pharmaceutical manufacturer facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said Tuesday that it is likely to file for bankruptcy imminently. The...
Inflation Reduction Act limits pass-through tax break for 2 more years
Senate Majority Leader Chuck Schumer, D-N.Y., discusses the Inflation Reduction Act on Aug. 7, 2022 in Washington, D.C. Kent Nishimura | Los Angeles Times | Getty Images Senate Democrats curtailed a t...
With 87,000 new agents, here’s who the IRS may target for audits
Jeffrey Coolidge | Photodisc | Getty Images As the Democrats’ spending plan moves closer to a House vote, one of the more controversial provisions — nearly $80 billion in IRS funding, with $45.6...
Malcolm Gladwell’s work from home comments spark backlash, accusations of hypocrisy
Comments from Malcom Gladwell about working from home have sparked a backlash on social media, with critics accusing the author of hypocrisy. “It’s not in your best interests to work at home,” said Gl...
July jobs report shows more Americans working part-time
Commuters and tourists exit a subway car May 26, 2022 in New York City. Robert Nickelsberg | Getty Images More Americans were working part-time and temporary jobs last month, which may herald future s...
Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge?
Jim Watson | Afp | Getty Images Senate Democrats’ package of climate change, health-care, drug pricing and tax measures unveiled last week has proponents and opponents debating whether the legis...
Kansas abortion rights vote helps Democrats, Schumer says
Erin Woods for the Vote No on the Constitutional Amendment on Abortion canvases a neighborhood on August 01, 2022 in Lenexa, Kansas. Kyle Rivas | Getty Images Senate Majority Leader Chuck Schumer and ...
Investors are snapping up homes at a furious rate — in some regions they bought up to 20% of houses for sale
First-time homebuyers who struggled to snag a property this past spring might have been competing with deep-pocketed investors. While the share of investor purchases has fallen from its February peak...
Countries are not doing enough to contain monkeypox, epidemiologist says
There are grave concerns that the U.S. and other countries are not doing enough to contain monkeypox from becoming a large scale global outbreak, according to an infectious disease epidemiologist. Ove...
UnitedHealth to Drop Copays on Some Widely Used Drugs
UnitedHealth Group Inc. said it would eliminate copayments and other out-of-pocket charges for patients on some widely used drugs in certain plans next year, including insulin and the anti-overdose tr...
Ford Closes EV Battery Deal With Partner. Billions in Spending Is Coming.
Text size Ford is aiming to sell two million EVs globally a year by 2026. Christof Stache/AFP via Getty Images Ford Motor and Korea’s SK Innovation sealed the deal on the creation of a joint venture t...
Republican AG group holds private retreat for corporate donors at swanky Palm Beach resort
Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022. Evelyn Hockstein | Reuters The Republican Attorneys General Association is hosting a pr...
Actor Ashley Judd speaks out against the overturning of Roe v. Wade
U.S. actor and humanitarian Ashley Judd has responded to the U.S. Supreme Court’s overturning of Roe v. Wade, telling CNBC that individuals should be free to make their own choices. Ashley, spec...
These 4 mid-year tax strategies can trim next year’s bill from the IRS
seksan Mongkhonkhamsao | Moment | Getty Images 1. Review tax withholdings When starting a new job, you fill out Form W-4, covering how much your employer withholds from your paychecks for federal taxe...
India on course to overtake China as world’s most populous country: UN
People photographed in Bengaluru, Karnataka, India. According to the UN, India is home to over 1.4 billion people. Peter Adams | Stone | Getty Images India is on track to overtake China as the planet&...
How Uvalde and Buffalo spurred push for first gun law in decades
After two horrific mass shootings in Texas and New York, Congress just passed the most meaningful gun legislation in decades. The Safer Communities Act will expand background checks in some cases, clo...
Rollover IRAs cost consumers $45.5 billion in fees, earnings: study
andresr | E+ | Getty Images IRA rollovers are common for job switchers, retirees Investors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is a...
6 key financial steps to take after a layoff
Halfpoint Images | Moment | Getty Images 1. Take a financial inventory Among the first things to do if you lose your job is take stock of financial resources at your disposal, according to financial a...
30% of LGBTQ+ adults experienced discrimination in financial services
Rainbow flags celebrate Pride Month in New York. Lev Radin | Pacific Press | LightRocket | Getty Images Members of the LGBTQIA+ community are still struggling, in some instances, to access financial s...
Smith & Wesson stock soars as Supreme Court ruling boosts ‘pretty big’ part of gun maker’s business
Shares of Smith & Wesson Brands Inc. rallied again Friday, as better-than-expected earnings and a dividend hike followed a decision by the Supreme Court of the United States to strike down a New Y...
Bank of America draws mixed reviews for zero-down-payment mortgages aimed at boosting Black and Hispanic home ownership
Bank of America Corp. is drawing a mixed reaction in social media to a zero-down-payment mortgage program aimed at bringing first-time home ownership within closer reach of more African American and H...