Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees

Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees

WASHINGTON — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she’ll receive in January “won’t make a dent” in helping her meet her day-to-day expenses. “Inflation has eaten up my savings,” she said. “I don’t have anything to fall back on — the cushion is gone.” So even … Read more

Marriott agrees to pay $52 million, beef up data security to resolve probes over data breaches

Marriott agrees to pay  million, beef up data security to resolve probes over data breaches

Marriott International has agreed to pay $52 million and make changes to bolster its data security to resolve state and federal claims related to major data breaches that affected more than 300 million of its customers worldwide. The Federal Trade Commission and a group of attorneys general from 49 states and the District of Columbia … Read more

Fed minutes show big rate cut favored by ‘substantial majority’

Fed minutes show big rate cut favored by ‘substantial majority’

A “substantial majority” of Federal Reserve officials at the central bank’s September meeting supported beginning an era of easier monetary policy with an outsized half-point rate cut. But there appeared even broader agreement that the initial move would not commit the Fed to any particular pace of rate reductions in the future, according to just-released minutes of the two-day … Read more