Unemployment system plagued by delays, fraud and racial gaps during pandemic, says watchdog agency

Demonstrators participate in a protest asking U.S. senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images The nation’s unemployment system suffered multiple failures during the Covid-19 pandemic, including delayed payments, elevated fraud and “substantial” disparities in receipt of benefits along racial and ethnic…

Ben & Jerry’s galvanizes customers to lobby for tighter gun laws after Texas, New York mass shootings

Ben & Jerry’s brand ice cream sits in a supermarket freezer.  Bloomberg | Bloomberg | Getty Images Ice cream giant Ben & Jerry’s is galvanizing its millions of customers in a new lobbying push for tougher gun safety measures after last month’s mass shootings in Uvalde, Texas, and Buffalo, New York. Christopher Miller, the head…

Target shares fall 7% as it expects squeezed profits from aggressive plan to get rid of unwanted inventory

In this article TGT Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid…

Bitcoin drops 6% to again trade below $30,000 as selloff resumes

A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images Bitcoin fell below $30,000 again Tuesday as the cryptocurrency’s recent selloff resumed. The largest cryptocurrency by market cap slumped more than 6% to $29,434, according to Coinbase. Bitcoin had gained more than 4%…

How much does college really cost? It may be much less than you think

For most families looking at colleges, the price tag seems overwhelming. But things aren’t always what they seem. That’s because about 66% of all full-time students receive aid, which can lower the cost significantly. For example, tuition and fees plus room and board at highly selective four-year colleges average more than $74,000. However, the price…

Kohl’s enters exclusive sale talks with Franchise Group

In this article KSS The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s said Monday that it has entered into exclusive negotiations with retail holding company Franchise Group, which is proposing to buy the retailer for $60 per…

Retirement tax breaks benefit higher earners, leaving middle-class savers behind, report finds

Fstop123 | E+ | Getty Images Tax breaks designed to boost retirement savings may primarily benefit higher earners, leaving middle-class workers behind, according to a report from the National Institute on Retirement Security. With most Americans receiving less than half of preretirement income from Social Security, many rely on employer-sponsored savings plans and individual retirement…

Another record-high Social Security cost-of-living adjustment in 2023 could put more money in retirees’ wallets, impact program’s funds

Westend61 / Josep Rovirosa | Getty Images Social Security beneficiaries saw the biggest cost-of-living adjustment in about 40 years in 2022, when they received a 5.9% boost to their monthly checks. Next year, that annual adjustment may even go as high as 8%, according to early estimates. That is despite the fact the annual Social…

Peloton hires Amazon cloud exec to be new CFO in latest shakeup in top ranks

In this article PTON A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Peloton’s chief financial officer, Jill Woodworth, is leaving the company and will be replaced by…

Stocks making the biggest moves midday: Sunrun, Eli Lilly, DiDi Global, CrowdStrike and more

In this article RUN DIDI TWTR Tim McKibben, left, a senior installer for the solar company, Sunrun, and installer Aaron Newsom install solar panels on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading Monday. Solar companies —…