Approximately 70.6 million Social Security recipients are expected to see a smaller cost-of-living adjustment (COLA) for 2025, primarily due to recent moderation in inflation. Analysts predict that the Social Security Administration will officially announce a 2.5% increase in benefits for the upcoming year, contrasting with the 3.2% COLA received in 2024 and a substantial 8.7%…
The automobile industry has faced significant financial challenges over the past year, leading several companies to file for bankruptcy. The most notable case occurred on June 18, when electric vehicle manufacturer Fisker Group filed for Chapter 11 protection, shutting down operations and liquidating its assets. In the auto parts sector, PartsID, an e-commerce auto parts…
The Social Security Administration (SSA) has announced its annual cost-of-living adjustment (COLA), revealing that recipients can expect a 2.5% increase in their benefits starting in 2025. This new adjustment, while lower than the 3.2% increase in 2024, aligns with predictions made earlier this year by financial experts. The Senior Citizens League, a nonpartisan organization advocating…
Safeway, Albertsons, and Vons, three major grocery retailers, have agreed to a nearly $4 million settlement to resolve a civil complaint alleging false advertising and unfair competition. The lawsuit, filed by California’s Sonoma County District Attorney’s Office, claimed that the grocers charged customers higher prices than advertised at their California stores. The retailers were also…
Users of the popular online payment service Cash App can now claim up to $2,500 as part of a $15 million class action settlement related to data breaches. The deadline to submit a claim is approaching fast, with consumers urged to fill out an online form by November 18, 2024 to access the funds. Settlement…
Thousands of Americans may qualify for payments of up to $7,000 as part of a multi-million dollar settlement following a September 2023 data breach involving See Tickets, a ticketing service that sells approximately 20 million tickets annually. The lawsuit alleges that the company failed to adequately protect consumer payment card information, which was reportedly stolen…
Police in Arizona were unable to arrest a traveler bound for Utah who was found with pounds of methamphetamine in his checked luggage after his flight had already departed. During routine baggage screening at Phoenix Sky Harbor International Airport, TSA agents discovered a suspicious item and alerted Airport Bureau Officers. Upon testing, the substance was…
Two people have died, and more than two dozen others received medical treatment following a chemical leak at a PEMEX facility in Deer Park, a Houston suburb, authorities confirmed late Thursday. The incident prompted shelter-in-place orders for thousands of residents, which were later lifted as the situation came under control. PEMEX, the Mexican state-owned petroleum…
Spanish tennis icon Rafael Nadal, who has won 22 Grand Slam titles, announced on Thursday that he will retire from professional tennis at the end of 2024. After a remarkable 23-year career that began when he turned pro at the age of 15 in 2001, Nadal will officially step away from the sport at the…
Donald Trump has introduced a proposal aimed at providing a significant tax break for U.S. citizens living abroad, positioning the initiative as a way to attract votes from Americans who could benefit from the change. The former president and current Republican candidate unveiled this promise in a video shared by Solomon Yue, CEO of Republicans…