Social Security cuts could be coming soon — here's who will be affected

A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.

Social Security cuts could be coming soon — here's who will be affected

The Social Security program is expected to run dry within a decade as a result of slower economic growth — and today's youngest retirees could be among the first in the nation to see benefit cuts.

McDonald's temporarily shuts US offices, prepares layoff notices: report

McDonald's said in an internal email last week to U.S. employees and some international staff that they should work from home from Monday through Wednesday, so it can deliver staffing decisions virtually, the report said.

First Citizens to acquire troubled Silicon Valley Bank, FDIC says

Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.

Gender pay gap in US hasn’t changed much in two decades, report finds

New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.

Federal Reserve raises key interest rate by quarter-point

The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."

Facebook parent Meta to lay off 10K workers

Facebook-parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

President Biden tries to reassure Americans ‘banks are safe’

President Joe Biden addressed the nation Monday morning and said Americans will have full access to their money and can rest assured the banking system is safe.

Silicon Valley Bank seized by regulators

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Housing affordability at record low, report says

The number of affordable listings fell 53% from a year earlier, the Redfin report found.

Tuesday morning California store closures: Full list

According to the company’s website, 263 of Tuesday Morning’s approximately 490 locations "in low-traffic regions" will close.