The future looks grim for people who rely on Social Security income in retirement. The program is barreling toward running out of funds by 2032 unless Congress intervenes, and women in particular stand to lose if that doesn’t happen. Experts predict that the Old-Age and Survivors Insurance Trust Fund, better known as OASI, will be depleted in as little as six years—or seven if we’re lucky. In the U.S., 63 million Americans receive Social Security benefits through that trust, which workers pay into over the course of their lifetimes. For older people who rely on Social Security income to pay…
Author: Staff Writer
In May, GameStop CEO Ryan Cohen surprised the masses after announcing an unsolicited offer to buy eBay for nearly $56 billion—a deal that eBay’s board rejected and called “neither credible nor attractive.” In an interview with CNBC last month, Cohen provided little context about how the cash and stock deal would materialize. Between the company’s $11 billion market capitalization, $9 billion cash reserves, and $20 billion financing confidence letter received from TD Securities, GameStop was still nearly $16 billion short of its $56 billion offer. Since then, GameStop’s market cap has declined to $9.6 billion, while eBay currently sits at…
Another wave of Popeyes Louisiana Kitchen restaurants are likely to close soon, the latest dramatic development in ongoing bankruptcy proceedings involving a prominent franchisee for the fast-food chicken chain. The franchisee, Sailormen Inc. of Miami, has been trying to sell off its assets, which had included about 130 Popeyes locations at the time of its initial Chapter 11 petition in January. But in an auction last week, as many as 52 of those locations failed to find a bidder, a shocking new court document reveals. The grim outcome left Sailormen to determine that “rejecting” the store leases—bankruptcy speak for terminating…
When a natural disaster hits or a political crisis breaks out, you need to know where your employees are and reach them fast. We were paying $60,000 a year for a third-party tool to handle that. It didn’t fully work. So someone on our people team built a replacement. Using Claude Code connected to Remote’s employment data, she put it together in three hours and 17 minutes for $216. That kind of tool used to require a specialist vendor, a procurement process, and months of setup. She’s not an engineer. She just knew the problem better than anyone and had…
On July 4, 2025, 28 people died in a catastrophic flood at Camp Mystic, an all-girls Christian summer camp in Texas. Two teenage counselors, 25 campers, and the camp’s co-executive director all died in the disaster, being trapped in floodwater when the nearby Guadalupe River reached a height of 37 feet in only an hour. Nearly a year later, Camp Mystic’s owners are filing for bankruptcy following a state investigation and a failed attempt to reopen the camp. In their court filing, the camp’s operators revealed that Camp Mystic’s total debts were between $10 million and $50 million, while its…
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 613.41 points or -0.88% to 69,174.97 • Shanghai increased 4.562 points or 0.11% to 4,110.813 • Hang Seng increased 75.90 points or 0.33% to 23,412.18 • ASX 200 increased 21.40 points or 0.24% to 8,808.40 • SENSEX increased 790.54 points or 1.04% to 76,991.22 • Nifty50 increased 197.55 points or 0.83% to 24,021.65 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00142 or -0.21% to 0.69020 • NZDUSD decreased 0.00157 or -0.28% to 0.56523 • USDJPY increased 0.205 or 0.13%…
LastPass, a password manager maker, is informing customers of a recent security breach at third-party market intelligence platform Klue, and how it impacts its customers, according to a recent blog post. A subsidiary of Boston-based LogMeIn, LastPass, which creates and stores complex passwords in encrypted wallets, is one of several cybersecurity companies affected by the Klue hack, which includes Gong, Jamf, HackerOne, Insurity, OneTrust, Recorded Future, Snyk, Sprout Social, and Tanium, per TechCrunch. Here’s what to know. What happened? On June 12, Klue informed LastPass of the data breach, and upon immediately launching an investigation, learned that “an unauthorized actor was able to obtain OAuth tokens Klue held for many of its customers, including LastPass.” Klue’s platform integrates with both Salesforce and Gong systems. The…
As I move from a CMO role into a CEO role, I’ve realized that the transition isn’t as unconventional as some expect. The modern CMO role has become one of the broadest leadership assignments in the C-suite. Yet the transition still surprises more conventional business thinkers because many still picture marketing as campaigns, messaging, and advertising, rather than enterprise strategy. Spencer Stuart research shows that the most common path to the CEO seat is operations, followed by finance and sales. Modern leadership requires integration across all of them, plus fluency in trust, technology, culture, and storytelling. There is one exception…
America, we have a problem. This is one judge who went out of her was to rule against Trump desperate to find not law, but an opinion that is a disgrace to the nation and she should be removed from office as a national security threat. In an order issued Wednesday, U.S. District Judge Denise L. Casper wrote that federal law and the Constitution give power to a president to manage elections. “Our Constitution vests control over federal elections in the States, subject to some oversight by Congress.” She added: “While the Constitution vests the President with ‘executive power’ and…
Lime, the Uber-backed electric scooter and bike sharing startup, has applied to list on the Nasdaq stock exchange. The company aims to raise $181.9 million, potentially valuing it at $1.8 billion. After nearly five years of teasing the move, Lime–formally known as Neuron Holdings–plans to sell nearly 7 million shares of its common stock. The expected IPO price is between $24 to $26 per share. Despite its presence in 230 cities and steady revenue growth, Lime has reported net losses each year since its founding in January 2017. The company now reports $845.8 million due in the next 12…