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New research shows more people 65 years old and older are filing for bankruptcy instead of retiring. The biggest cause of bankruptcies, according to a recent CNBC report, are medical bills. “Insurance, no matter what kind of insurance one has, typically only goes so far," says bankruptcy judge William J. Lafferty. "And when one has to actually start paying for those expenses, they rack up very quickly. It’s an immediate game changer for most families.”Another large factor is losing a job.  527

Netflix users are being warned about an email scam targeting the company's millions of subscribers.According to ABC News, the scam threatens to suspend their accounts if they don't update their billing information.The email will ask readers to click a link, leading them to a fake Netflix page and asking them to enter their private information, an Australian cyber security firm said. 393

NEW YORK (AP) — The storied New York clothier Brooks Brothers is filing for bankruptcy protection.The company that says it’s put 40 U.S. presidents in its suits survived two world wars and navigated through casual Fridays and a loosening of dress standards even on Wall Street, but the coronavirus pandemic pushed the 200-year-old company into seek Chapter 11 protection Wednesday.A spokesperson for the retailer told CNBC that the company has been evaluating strategic options to position them for success, including a potential sale of the business.Another famed men’s clothier, Barneys of New York, sought bankruptcy protection last year, and it was followed by a slew of others toppled by the pandemic, including Neiman Marcus, J.Crew and J.C. Penney.More bankruptcies are anticipated in the retail sector which has been rattled by the spread of COVID-19. 867

NEW: Pres. Trump says he hopes to have a small service for his brother at the White House Friday."That would be, I think, a great honor to him...He loved our country so much. He was so proud of what we were doing and what we are doing for our country." https://t.co/PkzcMENAkZ pic.twitter.com/UXsYZ5XTfi— ABC News (@ABC) August 17, 2020 344

North Korean leader Kim Jong Un responded to President Donald Trump's speech before the United Nations where Trump vowed to "totally destroy" the nation if it threatened the United States or its allies. Although the two nations are not formally at war, clearly the two leaders are in a war of words. "The United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea. Rocket Man is on a suicide mission for himself and for his regime," Trump said earlier this week. Kim issued a statement Thursday evening, not backing down to Trump's hard-line stance."I will make the man holding the prerogative of the supreme command in the US pay dearly for his speech calling for totally destroying the DPRK," Kim said. "Whatever Trump might have expected, he will face results beyond expected." "He is unfit to hold the prerogative of supreme command of a country and he is surely a rogue and a gangster fond of playing with fire rather than a politician," Kim added.Both sides have stepped up their posture toward one another. North Korea has fired missiles over the coast of Japan, and has tested atomic weapons. Meanwhile, the United States has added patrols of the region.  1299