Social security annual cost-of-living set to increase in 2022
Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.
Debt ceiling: House passes short-term increase, sends to Biden
The House approved a short-term debt ceiling increase so President Joe Biden can sign it into law this week.
Companies hard-pressed for holiday staff despite millions of job openings
Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.
Workshop held to help Dallas County renters, landlords with rental assistance
A workshop for renters and landlords covered the mounds of money available for people behind on their rent after losing wages because of the pandemic. The two groups stood side by side in a place where they are typically squared off with a landlord evicting a tenant: in a justice of the peace courtroom.
Americans quit jobs at highest rate on record in August, Labor Department says
One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.
Amazon to allow employees to work mostly from home indefinitely
Amazon is trying to get their employees back to the workplace by 2022, but with so many offices around the globe, they are leaving that decision to individual teams and their managers.
Nobel prize for economics awarded to 3 in US for societal research
The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”
McConnell warns Biden he won’t help vote to raise debt ceiling in December
“I write to inform you that I will not provide such assistance again if your all-Democrat government drifts into another avoidable crisis,” Senate Minority Leader Mitch McConnell wrote in a letter to President Joe Biden on Friday.
Texas restaurants short 125,000 workers as slow pace of hiring continues
It's been seven months since Texas lifted restaurant capacity restrictions, but some eateries can't open up to 100 percent due to ongoing staffing shortages.
Over 130 countries reach agreement on minimum corporate tax rate
More than 130 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax.
COVID-19 stimulus checks: ‘Math error’ could mean some owe more in taxes
People who received a 6470 letter in the mail could see one of three notices which include a CP11, CP12, or CP13.
September jobs report: US adds weak 194K jobs as delta maintains hold
U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.
Debt ceiling: Deal reached with GOP on short-term fix, Schumer says
A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.
US unemployment claims fall to 326,000, first drop in four weeks
U.S. unemployment claims were down by 38,000 to 326,000 last week, the first drop in four weeks.
Target paying employees who work peak holiday shifts extra $2 per hour
Target said on Tuesday employees who pick up shifts during peak holiday hours will be eligible to make an extra $2 per hour.
Kroger seeks to fill 20,000 positions ahead of holiday season
Kroger is looking to fill 20,000 positions across the nation in an effort to prepare for the holiday season even as widespread labor shortages continue.
Apple to pay out $95 million in AppleCare class-action lawsuit
The plaintiffs claimed their replaced items under AppleCare did not meet Apple’s standards as advertised which promised “new” or “equivalent” replacement.
Bacon prices hit record high amid supply chain disruptions, increased demand
The cost of bacon was $4.77 in 2011 and has risen nearly 50% this year, according to U.S. Bureau of Labor and Statistics data.
Powerball jackpot: Winning $699.8 million ticket sold in California
A lucky winner in California matched all six numbers of the nearly $700 million jackpot prize.
How big is the Powerball jackpot on Monday? $685 million
The drawing will be held at 10:59 p.m. ET Monday for an estimated jackpot of $685 million or a cash option of $485.5 million.