With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted. Negotiations around whether the nation’s ability to borrow money should be…
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Business
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Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced. The Consumer Product Safety Commission said in a release Thursday that the bikes’ seat posts can…
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If you sat out last summer’s overcrowded, overpriced, booked-solid travel season in hope of cheaper and easier getaways this year, you may be out of luck. Sixty-three percent of U.S. adults plan to travel this…
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Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced. According to a Thursday release by the Consumer Product Safety Commission, the bikes’ seat post can…
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Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about integration amid Showtime’s rebranding into Paramount+ With Showtime. Additionally, MTV News — which…
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It’s time to step to the sidelines on Anheuser-Busch InBev as it deals with a “Bud Light crisis,” according to HSBC. Analyst Carlos Laboy downgraded the beverage stock to hold, saying there are “deeper problems than ABI…
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Consumer prices climbed 4.9% in April — the first time annual inflation has landed below 5% in two years. On a monthly basis, the inflation rate rose 0.4%, which was higher than the 0.1% in…
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Worries about money are taking a toll on Americans, leading to some negative impacts on their mental health. That’s according to a new survey from the financial information group Bankrate. The survey found 52% of…
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Tempur Sealy International said on Tuesday it would buy retailer Mattress Firm in a cash-and-stock deal valued at about $4 billion, as the leading U.S. bedding maker looks to stem a post-pandemic decline in sales. Mattress…
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Business
Flush with cash, the IRS is offering a more accurate picture of when the U.S. will hit debt ceiling
That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit. The funding increase has helped the agency to catch up on processing new and backlogged tax returns.…