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Business

News related to money, including business and finance.

Credit card delinquency rates and balances are on the rise

Credit card delinquency rates and balances are on the rise

Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.

October 19, 2023 4:23pm EDT
Costco CEO to step down from popular wholesaler after 11 years at the helm

Costco CEO to step down from popular wholesaler after 11 years at the helm

Costco COO Ron Vachris has been tapped take over. Vachris started with the company over 40 years ago as a forklift driver and has worked his way up into management.

October 19, 2023 6:50am EDT
Here are the states with the most student loan debt

Here are the states with the most student loan debt

The average overall student debt has increased by 106% or 6.6% each year over 16 years.

October 17, 2023 5:22pm EDT
Amazon, Tripadvisor and other companies team up to fight fake reviews as FTC pushes to ban them

Amazon, Tripadvisor and other companies team up to fight fake reviews as FTC pushes to ban them

Amazon and several companies are launching a coalition to look for best practices for hosting online reviews and share methods to detect fake ones.

October 17, 2023 10:14am EDT
Social Security COLA 2024 may impact your taxes in a big way

Social Security COLA 2024 may impact your taxes in a big way

The 2024 Social Security cost of living adjustment (COLA) increase aligns with early estimates based on inflation figures for the previous three months.

October 16, 2023 6:15pm EDT
New viral work trend 'monk mode' has workers focusing on one task at a time to boost productivity

New viral work trend 'monk mode' has workers focusing on one task at a time to boost productivity

To achieve more productivity in the workplace, the "monk mode" term has been trending on TikTok as people discuss removing all digital distractions and share tips and advice.

October 16, 2023 10:03am EDT
Rite Aid files for bankruptcy amid falling sales, opioid-related lawsuits

Rite Aid files for bankruptcy amid falling sales, opioid-related lawsuits

In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids.

October 16, 2023 9:49am EDT
US companies increasingly eliminate college degrees as requirement amid 'out-of-control' school costs

US companies increasingly eliminate college degrees as requirement amid 'out-of-control' school costs

"If you are going to work for a tech company, what's more important? A college degree or practical experience that you can code," one entrepreneur said.

October 16, 2023 6:54am EDT
Microsoft’s AI tool coming soon to Outlook, writing email replies for you

Microsoft’s AI tool coming soon to Outlook, writing email replies for you

Microsoft 365 Copilot will become generally available for corporate customers on Nov. 1 across its programs like Word, Excel, PowerPoint, Outlook and Teams, the company said.

October 12, 2023 5:32pm EDT
Chipotle plans to raise menu prices again

Chipotle plans to raise menu prices again

Chipotle is raising its prices for the fourth time in the last two years.

October 12, 2023 3:30pm EDT
IRS: Microsoft may owe nearly $30 billion in back taxes

IRS: Microsoft may owe nearly $30 billion in back taxes

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest.

October 12, 2023 3:14pm EDT
Jobs offering student loan assistance more than double: study

Jobs offering student loan assistance more than double: study

With student loan debt growing to more than $1.7 trillion, employer student loan assistance programs for workers seem to be on the rise, according to Handshake.

October 11, 2023 2:17pm EDT
Costco allegedly shares private customer info with Meta: lawsuit

Costco allegedly shares private customer info with Meta: lawsuit

The sensitive information shared allegedly included computer IP addresses, patient status, prescription information and immunization information.

October 11, 2023 11:44am EDT
Walmart to close stores on Thanksgiving for fourth consecutive year

Walmart to close stores on Thanksgiving for fourth consecutive year

Walmart hinted in 2022 that closing on Thanksgiving would be the norm.

October 11, 2023 9:17am EDT
US automakers lay off hundreds more workers as UAW strike's ripple effects grow

US automakers lay off hundreds more workers as UAW strike's ripple effects grow

The United Auto Workers strike against Detroit's Big Three continues to hit production at the automakers, leading Ford, General Motors and Stellantis to each lay off more workers this week.

October 10, 2023 7:36pm EDT
Here's how borrowers who can't make student loan payments can avoid defaulting

Here's how borrowers who can't make student loan payments can avoid defaulting

The 12-month student loan on-ramp period will help struggling borrowers from suffering the worst consequences of missed, late, or partial payments, according to a recent Harvard University Employee Credit Union blog.

October 9, 2023 6:35pm EDT
Social Security cuts: Retirees could face more than $17,000 in annual benefits losses

Social Security cuts: Retirees could face more than $17,000 in annual benefits losses

Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.

October 9, 2023 1:15pm EDT
Walgreens employees planning walkouts over pharmacy working conditions: source

Walgreens employees planning walkouts over pharmacy working conditions: source

Employees, including pharmacists and technicians, say their current workload that includes administering various vaccinations, could affect patient safety.

October 8, 2023 6:22pm EDT
MGM Resorts estimates $100M loss from cyberattack that led to data breach

MGM Resorts estimates $100M loss from cyberattack that led to data breach

MGM Resorts said no customer bank account numbers or payment card information was compromised in the incident, but hackers stole other personal information.

October 8, 2023 1:10pm EDT
Crocs releasing new classic cowboy boots to celebrate ‘Croctober’

Crocs releasing new classic cowboy boots to celebrate ‘Croctober’

The new boots hit store shelves for a limited time starting October 23.

October 6, 2023 10:33am EDT
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Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

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