U.S. President Joe Biden stops to talk to journalists about new Russian sanctions as he departs the White House on February 20, 2024 in Washington, DC. Biden is traveling to California to attend campaign receptions across the state. Chip Somodevilla | Getty Images Should he prevail in the upcoming presidential election, President Joe Biden, 81, … Read more
Bobby Kotick, CEO of Activision Blizzard speaking at the Allen&Co Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC A group of roughly 600 software testers at Activision on Friday formed the U.S. video game industry’s largest union so far. The union is the first to organize under a new labor agreement negotiated … Read more
US President Joe Biden delivers the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on March 7, 2024. Shawn Thew | Afp | Getty Images 1. Income-driven repayment plans Income-driven repayment plans, which date to 1994, set borrowers’ monthly payments based on a share of their discretionary income. … Read more
The 10-year U.S. Treasury yield was near flat on Friday after the February jobs report showed solid employment growth but also an increase in the unemployment rate. The yield on the 10-year Treasury was less than 1 basis points lower at 4.085%. The 2-year Treasury yield was last down by about 3 basis point at … Read more
A sign posted outside a restaurant looking to hire workers in Miami on May 5, 2023. Joe Raedle | Getty Images News | Getty Images Unemployment among Black women fell in February as the number of those looking for work increased, data released Friday by the U.S. government showed. The U.S. unemployment rate edged higher … Read more
The U.S. labor market showed continuing strength in February through broad job creation of 275,000, with one sector leading the charge. Health care and social assistance saw the largest hiring gains of 90,700 jobs, according to the Bureau of Labor Statistics. The sector got a boost from sharp gains in hospital and ambulatory health-care services, … Read more
If you’re struggling to make ends meet, you may be eyeing any cash you have stashed away for the future as a solution. In fact, about 1 in 5 workers have borrowed or withdrawn money from retirement accounts, according to a recent survey from SoFi. However, withdrawing money from a workplace retirement account, such as … Read more
Americans aren’t working as much as they did before the pandemic, according to a new report from the ADP Research Institute. Between December 2019 and December 2023, the median number of hours worked by U.S. hourly workers fell from 38.4 to 37.7 a week, a decline of almost two percent, according to the report. ADP’s … Read more
U.S. Senate Majority Leader Chuck Schumer, D-N.Y., and U.S. Speaker of the House Mike Johnson, R-L.a., speak to each other during a Capitol Menorah lighting ceremony at the U.S. Capitol Building in Washington, D.C., on Dec. 12, 2023. Anna Moneymaker | Getty Images Top congressional leaders on Capitol Hill struck a partial budget deal to … Read more
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo. Lucy Nicholson | Reuters Electronic Arts announced Wednesday that it will cut 5% of its workforce, part of a plan that includes reducing office space and ending work on some video games. EA employed 13,400 workers as of the end of March … Read more
