MoneyWatch

About 7 in 10 millennials in the U.S. are living paycheck to paycheck, with many struggling to pay off their bills every month, a new survey shows. The main reasons for millennials’ financial distress is heavy debt and the financial pressure of having to look after dependent family members, according …

The NFL said it has suspended five players on Friday for violating the league’s gambling policy. Detroit Lions wide receiver Quintez Cephus and safety C.J. Moore and Washington Commanders defensive end Shaka Toney are now suspended indefinitely, while Lions wide receivers Stanley Berryhill and Jameson Williams have been suspended for …

While carrying credit card debt is never advisable, now is a particularly tough time for consumers, with the average interest rate hitting a record high in the first quarter of 2023. The average credit card interest rate is now 20.92%, which is higher than it’s been at any point since …

When Santos Enrique Camara arrived at Shoreline Community College in Washington state to study audio engineering, he quickly felt lost. “It’s like a weird maze,” remembered Camara, who was 19 at the time and had finished high school with a 4.0 grade-point average. “You need help with your classes and …

Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in the U.S. and South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European country’s interior minister said Thursday. “Montenegrin police arrested an individual who …

One of Norman Rockwell’s most iconic paintings is of a happy family gathered for Thanksgiving dinner. Now, a family feud has spurred a legal brawl after one of its members spotted original drawings by the artist hanging in the White House on a 2017 television program — artwork that he believed …

Salesforce is looking to tap the power of so-called generative artificial intelligence to enhance Slack, its widely used collaborative platform. The software maker announced this week it is integrating ChatGPT into Slack to help employees work more efficiently.  “This will give customers new superpowers by helping them tap the collective …

Social Security is heading for a funding cliff, with its trust fund reserves potentially becoming insolvent by 2033 — an outcome that would mean beneficiaries would face a 25% shave on their monthly checks. But there is a way to fix most of the funding shortfall, policy experts say: “Smash …

Part-time work is on the rise as more workers choose to step back from the grind, according to new data from the Labor Department.  In December and January, 1.2 million more Americans said they were working part-time compared with previous months, the data shows.  More than 850,000 of those workers …

Google workers, already rattled by the largest layoff in the search giant’s history, now face another indignity as the company ends some of its leases on unused office space: desk-sharing.  The move affects employees who work for Google Cloud, the Alphabet-owned unit’s data storage product, at the company’s five largest …