General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $32.2 billion, fell by more than 5% during premarket trading. Net sales for
Omar Marques | LightRocket | Getty Images Bitcoin rallied above the $13,000 level Wednesday, adding to its double-digit gains this week. The world’s first and largest cryptocurrency soared 15% to a high of $13,485.85 Wednesday afternoon — its highest level since January 2018, according to industry site CoinDesk. The spike brings bitcoin’s one-week gains to
Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
Jim McGuire | Getty Images The Social Security program is approaching insolvency. Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social
When it comes to Social Security benefits, women and minorities tend to receive less money. That means those individuals have a greater chance of retiring into poverty or grappling with financial instability if they become disabled. That also affects their families, who often receive less in dependent or survivor benefits. Congressional Democrats took to the