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Yearly Archives: 2023

Biden administration will select drugs for Medicare price negotiations by September

The Health and Human Services Department plans to publish in September a list of 10 drugs covered by Medicare that it will target for price negotiations, the first phase in a long awaited effort to cut costs for seniors. HHS officials, in a call with reporters on Wednesday, laid out …

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First checks with 8.7% COLA arrive in January

Tim Robberts | Digitalvision | Getty Images On Jan. 18, the first benefit checks of 2023 will go out to beneficiaries whose birthdates fall on the 11th through 20th of their birth month. Those beneficiaries can expect their benefit checks on the third Wednesday of every month. On Jan. 25, …

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Layoffs.fyi creator expects more job cuts—when it could slow

The tech sector is starting the new year on just as shaky ground as it left the last: 150,000 tech workers lost their jobs in 2022, with more than half of them happening in November and December alone, according to Layoffs.fyi. And more than 18,000 tech workers have been laid …

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What borrowers need to know about Biden’s student loan repayment plan

Valentinrussanov | E+ | Getty Images The Biden administration rolled out a new proposal this week to dramatically lower monthly payments for some federal student loan borrowers. If and when the overhauled income-driven repayment plan becomes available, some people could see their bills decrease by as much as a half, …

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Ubisoft cancels three games, slashes targets on worsening conditions

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Ubisoft canceled three unannounced games and …

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Why your tax refund may be smaller in 2023

Between now and Tax Day — April 18th this year — you may discover that you’re in line for a smaller refund than you got on your 2021 taxes. And you won’t be able to say the IRS didn’t warn you. “Refunds may be smaller in 2023,” the IRS said …

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Oil companies sue Los Angeles over ban on oil and gas drilling

An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images An oil company with a drilling operation in the Wilmington neighborhood of Los Angeles has filed a lawsuit against the city over its law to ban new wells and …

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Bed Bath & Beyond, Tesla, Expedia and more

Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Meme stocks — A group of so-called meme stocks skyrocketed Wednesday as retail investors jumped into speculative trades again. …

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Deadline to max out retirement accounts for 2022

With January comes a new tax year for most people. But it’s not too late to max out your retirement savings accounts for 2022, if you haven’t already. While the Dec. 31, 2022 deadline for 401(k) contributions has passed, you can still put money into either traditional or Roth individual retirement …

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The 10 best U.S. places to work in 2023, according to Glassdoor

The Covid-19 pandemic triggered a historic quitting spree, and along with it, a re-evaluation among managers and workers of what makes a good workplace.  Some “green flags” remain unchanged — people will always seek out jobs with fair salaries, tolerable co-workers and low quitting rates — but other benefits, including …

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