Social Security may have to cut retirement benefits in six years. Here’s how much money is at stake for beneficiaries

Maryvit Luna – CNBC | Getty images Social Security retirement benefits may face an automatic, across-the-board cut in just six years. Without intervention before then, the Social Security retirement trust…

Barclays to slash 5,000 jobs in AI efficiency push

British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push. In its third-quarter earnings…

Social Security claiming ages may soon get new names. What retirees need to know

One of the biggest decisions retirees make — when to claim Social Security benefits — would be described differently under a bill that may soon become law. The Claiming Age…

U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%

The U.S. economy added jobs at a brisk pace in August, reversing a summer slowdown in hiring, while the unemployment rate held steady. Nonfarm payrolls rose a seasonally adjusted 162,000…

GAO finds Elon Musk’s DOGE inflated claims of $110 billion in savings for federal government

Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters Elon Musk’s…