Personal Finance

IRS retirement plan distribution repayment deadline approaching

The CARES Act allowed individuals to skip taking their required minimum distribution in 2020, but some people may have already received it prior to the onset of the policy. Therefore, the IRS said it will allow people to roll that cash back into certain defined-contribution retirement plans by Aug. 31.

Lowe's shelling out $100M in coronavirus bonuses to hourly workers

On Aug. 21, full-time hourly associates will receive $300 and part-time and seasonal associates will receive $150, which will match the funds previously provided to hourly associates March and May as well as earlier this month, the company announced. 

PayPal profits jump 86% on pandemic spending shift

E-commerce payments processor PayPal Holdings Inc beat Wall Street estimates on Wednesday with an 86% increase in quarterly profit, driven by the shift to online spending amid the coronavirus pandemic.