The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Older workers could soon find it easier to prove they've run into age discrimination on the job.
The House Education and Labor Committee voted on Tuesday to approve the Protecting Older Workers Against Discrimination Act (POWADA), introduced by Sens. Chuck Grassley, a Republican from Iowa; and Bob Casey, a Democrat from Pennsylvania.
"The legislation makes Congress' intent clear that discrimination in the workplace – against older workers or others – is never acceptable," said Nancy LeaMond, AARP executive vice president and chief advocacy and engagement officer. AARP is an advocacy group for older Americans.
More from Personal Finance:
Bill could extend Social Security's solvency for rest of century
Rolling Stones concertgoers schooled on lifetime income
Part-time work and retirees' portfolios, Social Security and Medicare
The bill, which moves next to the full House and then the Senate, would reverse a 2009 Supreme Court decision, Gross v. FBL Financial Services, which required workers to prove that their age was the main factor in an employer's decision to discipline, fire or not hire them.
Jack Gross sued FBL Financial Services, claiming that the company violated the Age Discrimination in Employment Act of 1967 when it demoted him, at least in part, because of his age. He was 54 at the time. The court ruled that while Gross was able to show that age was one factor in his employer's decision, he failed to show that it was the sole reason.
Advocates say the decision sent a message to employers that some age discrimination was fine.
The vote comes as the number of older workers rises. More than half of the 11.4 million jobs expected to be added to the U.S. economy over the next seven years will be filled by individuals over age 55. More than 40% of current workers said they plan to retire at 66 or older, according to a recent Gallup study. In 2004, 30% of people said they wanted to wait until after age 65 to retire, and just 12% felt that way in 1995.
Yet another study by ProPublica and the Urban Institute found more than half of full-time workers aged 51 to 54 were at some point forced out of their job and then experienced long-term unemployment or a major slash in pay for years after.
In 2017, AARP surveyed 3,900 workers over the age of 45. More than 61% of respondents reported seeing or experiencing age discrimination in the workplace. Nearly 40% said the practice is "very common."