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My Economy

Transit worker's come a long way thanks to career change

by Sofia Terenzio
May 7, 2024
Once an actuarial analyst, Liz Young of Denver has achieved work-life balance and financial stability in his new role.
Before joining the Regional Transportation District in Denver, Liz Young worked as an actuarial analyst but wasn't happy in his career.
Courtesy Young
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When the government can no longer pay full Social Security benefits

by Sabri Ben-Achour
May 7, 2024
Monday's report on the system's "go-broke" date raises questions about how Social Security is funded.
Projections indicate that Social Security and Medicare benefits will be cut immediately after 2033 by 21%, says Will McBride, vice president of federal tax policy at the Tax Foundation.
Bill Oxford via Getty Images
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Investors now get to see behind the scenes of newly public Reddit

by Elizabeth Trovall
May 7, 2024
Selling data to help train AI models is a big part of Reddit's plan to make money now that it's a public company.
Reddit went public on the New York Stock Exchange in March.
Spencer Platt/Getty Images
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For retirees, homeownership may not be the asset it used to be

by Amy Scott and Sarah Leeson
May 7, 2024
Paula Span of The New York Times says that these days, aging in place might feel more like being stuck in place .
Many older couples want to downsize, but in a competitive, high-priced market, moving to a smaller home can be a challenging option.
David Ramos/Getty Images
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Why the Committee on Foreign Investment in the U.S. has been getting busier

by Justin Ho
May 7, 2024
CFIUS has a say in foreign transactions when national security is a concern, including venture capital and real estate deals.
Treasury Secretary Janet Yellen, who chairs the Committee on Foreign Investment in the United States, speaks at a conference in September.
Alex Wong/Getty Images
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Joint fundraising: A campaign strategy to increase contributions

by David Brancaccio and Kimberly Adams
May 7, 2024
In the lead-up to the 2024 general election, joint fundraising committees have collected $1 billion in contributions so far.
Brendan Smialowski/AFP via Getty Images
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Paid sick leave expands after many pandemic protections vanish

by Zach Dyer
May 7, 2024
The U.S. is among few countries that do not guarantee paid sick leave. But more states are onboard, and it may be on the ballot in others.
The U.S. is among few nations that do not guarantee paid sick leave. But many states do.
designer491/Getty Images
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Replacing lead water pipes is expensive. Not finishing the job may cost more.

by Caleigh Wells
May 7, 2024
The Biden administration has just released another $3 billion in subsidies. About 9 million lead pipes nationwide need replacing.
About 9 million lead pipes nationwide need replacing. Federal funding will cover the replacement of nearly 2 million, says Bruno Pigott with the EPA.
Justin Sullivan/Getty Images
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Will Reddit's IPO bet pay off?

by Savannah Maher
May 7, 2024
We’ll get quarterly results from Reddit after the bell today, the first chance to see the company's earnings since its stock market debut back in March.
Michael M. Santiago / Getty Images
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U.S. and Europe chafe over "overcapacity" — but is it real?

by Sabri Ben-Achour
May 6, 2024
Is the problem unfair industry subsidies, or is China just better at making electric vehicles?
The U.S. and Europe say China is flooding countries with leftover electric cars, like the ones made by BYD, above.
STR/AFP via Getty Images
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