This year, the nation’s 66 million Social Security recipients got their biggest benefit hike since 1981 — an 8.7% cost-of-living adjustment meant to help offset the highest inflation in four decades. But next year’s benefit adjustment is shaping up to be much more meager. Based on current inflation trends, retirees …
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ESPN began informing employees of layoffs on Monday as part of sweeping job cuts taking place throughout its corporate owner, the Walt Disney Company. Disney CEO Bob Iger announced in February that the company would slash 7,000 jobs either through not filling positions or layoffs. ESPN President Jimmy Pitaro said …
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Apple has announced a new way for Apple Card users to grow their Daily Cash rewards using a savings account from Goldman Sachs. According to the company, the accounts will offer a 4.15% APY with no fees, minimum deposits or minimum balance requirements. “Our goal is to build tools that …
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Americans have grown so fond of working from home that many are are willing to sacrifice pay for the privilege of skipping the office. So found a recent survey by recruiting firm Robert Half, which polled thousands of U.S. employees and hiring managers about their attitudes toward remote work. Some workers said …
Read More »Homeowners planning major renovations this year could face sticker shock. The price of construction and building materials rose 3% in February from a year ago, labor data shows. But some items have skyrocketed. The cost of construction bricks has jumped 25%, while general contractors are charging more amid a shortage of skilled …
Read More »Amazon plans to eliminate 9,000 jobs in the next few weeks, just months after it announced the biggest layoffs in the company’s history. CEO Andy Jassy said in a blog post Monday that the Amazon Web Services, Advertising and Twitch divisions would see cuts, calling it a “difficult decision.” The …
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The three major credit reporting agencies have long drawn scrutiny for their practices, but Americans are growing more frustrated with the nation’s Big Three as evidenced by the record number of complaints sent to the U.S. government’s consumer protection agency, according to a new tally. More than 800,000 complaints poured into the …
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The cost of buying a home is drifting further out of financial reach for the average American, according to a report from Redfin. The real estate website analyzed homes that went on sale last year and found that only 21% of them were affordable, meaning that nearly 80% of homes …
Read More »Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes that such an “immaculate disinflation” has never happened before. The paper was produced by a group of leading …
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New York’s John F. Kennedy International Airport’s Terminal 1 will remain closed Friday due to electrical issues, the airport said late Thursday. Friday’s closure comes after a Thursday night power outage at the terminal disrupted more than 100 flights at the city’s busiest airport. The airport tweeted that an electrical panel failure, …
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