Author: Brian Lund
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A one-year Treasury bill is paying 3.93 percent while a ten-year pays 4.77
The federal government is currently paying savers almost a full percentage point more to lend it money for ten years than it is paying them to lend it money for one year. A one-year Treasury bill sold at a yield of 3.93 percent as of September 3, while a ten-year Treasury note yielded 4.77 percent…
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The prime rate that sets credit card and home equity pricing has not moved since July, and the next chance is September 16
The interest rate that sets pricing on many variable-rate credit cards and home equity lines of credit held at 6.75 percent on every business day from August 28 through September 3, according to the Federal Reserve’s own weekly rate survey. That is the same level it has held since late July, when the Fed’s rate-setting…
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Average hourly pay reached $37.75 in August, up 3.1 percent over the year
Average hourly pay for private-sector workers hit $37.75 in August, the Bureau of Labor Statistics reported this month, a 3.1 percent increase from a year earlier. That number comes from the same monthly jobs report that also showed payrolls up by 162,000 and the unemployment rate holding at 4.1 percent. For a household trying to…
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A biotech cut three quarters of its staff in one announcement
A biotech company just told the Securities and Exchange Commission that it is cutting about three-quarters of its staff in a single reorganization, and the headline circulating about “a biotech” without naming one obscures a specific, identifiable company making a specific, identifiable bet. That company is TScan Therapeutics, a Waltham, Massachusetts, cell-therapy developer trading on…
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The Trade Desk is cutting 15 percent of its workforce
The Trade Desk, the digital advertising company whose software helps brands buy ads across the open internet, told the Securities and Exchange Commission on September 3 that it is eliminating roughly 15 percent of its workforce. The filing, made under Item 2.05 of a Form 8-K, discloses cash restructuring charges of $39 million to $51…
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A bottler paid $36,000 for making a worker with MS take an agility test
A soft-drink bottler in North Carolina agreed to pay $36,000 after federal regulators said it forced an employee with multiple sclerosis through an agility test that asked about her health, then fired her even after her doctor cleared her to return. The case closed last month, and it turns on a narrower question than whether…
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An employer must keep your payroll records at least four years, which matters when a paycheck comes up short
A shorted paycheck rarely gets sorted out through memory alone. It gets sorted out with paperwork: pay stubs, tax withholding forms, and the deposit records an employer used to send money to the IRS. Those documents only help a worker if they still exist somewhere, and how long they have to exist is set by…
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Debt owed to a federal health agency now carries 11.875 percent interest
The Department of Health and Human Services has published a new interest rate for money owed back to it: 11 7/8 percent a year, or 11.875 percent, on overdue debt covered by the agency’s claims-collection regulations. The rate appears in a Federal Register notice HHS filed on August 28, 2026, and it’s tied to the…
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A credit union under federal conservatorship since July was folded into a lender 3,700 times its size
On July 10, 2026, federal regulators took over a tiny Kansas City credit union with 1,015 members and $2.4 million in total assets. Seven weeks later, that credit union no longer exists on its own. Its accounts now sit inside a lender with 594,689 members and $9.0 billion in assets — a size difference of…
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Cash of $1,000 at a check casher now triggers ID and paperwork in eight border counties
Walk into a check-cashing store in Laredo or Las Cruces this week with a $1,200 paycheck, and the clerk can no longer just hand you cash. As of September 3, 2026, a federal order requires that business to check your government ID, write down the specific number on it, and report the transaction to a…
