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.

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."

Study shows $100K is actually worth about $49K in Seattle

A six-figure salary has long been a milestone for American workers. But, according to a new study, times have changed and $100,000 simply isn’t quite what it used to be in many cities. 

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.

Powell signals increased interest rate hikes if economy stays strong

Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.

Sanders schedules vote to force Starbucks CEO to testify

Sen. Bernie Sanders is raising the stakes in his effort to get Starbucks’ interim CEO Howard Schultz to testify at a Senate hearing about an ongoing unionization effort at the company.

'Real leader': Biden nominates Julie Su as next US labor secretary

Julie Su, a civil rights attorney and former head of California’s labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike.

Bill to legalize duplexes, fourplexes in Washington advances

A bill that would legalize duplexes and fourplexes in most neighborhoods in nearly every Washington city has cleared another committee in the state Legislature.

Plunging natural gas prices eases inflation concerns

Natural gas accounts for nearly 25% of residential energy needs, making it a big driver in last year’s worst bout of inflation in 40 years.

White House says GOP plans would add $3 trillion to national debt

The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.

Report: Boeing to cut 2,000 finance and HR jobs in 2023

A statement by the Virginia company says the jobs will be reduced “through a combination of attrition and layoffs” this year.