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.
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."
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.
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.'
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.
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.
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%.
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.
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.
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.
Here's who may qualify for $10,000 in student debt relief under Biden's new forgiveness plan
The Biden administration has taken the next step toward its plan B for student loan forgiveness after the U.S. Supreme Court struck down its first debt forgiveness attempt.
SmileDirectClub shuts down 'effective immediately,' leaving customers in limbo
SmileDirectClub announced the closure on its website after filing for Chapter 11 bankruptcy in September.
Homebuying demand dries up even as mortgage rates drop: Freddie Mac
The average 30-year fixed-rate mortgage was 7.03% for the week ending Dec. 7, according to Freddie Mac's latest Primary Mortgage Market Survey.
Record share of home sellers drop prices in October as mortgage rates squeeze buyers' budgets: Redfin
Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record, Redfin says.
Here's how high interest rates can help build your savings
The Federal Reserve's efforts to lower inflation have pushed interest rates to an all-time high, which means consumers pay more to borrow but could be earning more on savings, a recent survey by Santander said.
Taylor Swift is Forbes' 5th most powerful woman in the world – see who else made the list
Taylor Swift is in her “power era," outranking dozens of other notable female global figures in politics, media, and business.
Americans need extra $11K to afford same standard of living in 2021, Republican analysis finds
A new analysis has revealed how much more money Americans need now to meet the cost of living standards seen in 2021– prior to a rise in inflation.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
McDonald’s brings back adult Happy Meals with nostalgic McNugget Buddies
After more than 25 years, McDonald’s is bringing back a nostalgic Happy Meal toy that many kids loved in the late ‘80s and ‘90s.
Spotify to cut 17% of workforce in third round of layoffs this year
“We now find ourselves in a very different environment," Spotify CEO Daniel Ek said. "And despite our efforts to reduce costs this past year, our cost structure for where we need to be is still too big."