For Darden Restaurants, the company behind Olive Garden and Red Lobster, its earnings projections out last week were not pretty. Sales will fall, it said, and company CEO Clarence Otis called higher payroll taxes a "headwind."
After a two-year tax break, the payroll tax, which funds Social Security payments, went back up to 6.2 percent on Jan. 1. The 2-percentage-point increase is an extra $80 a month in taxes for someone earning $50,000 a year.
Workers open ballots in a polling station in Rome on Tuesday following Italy's general elections. The initial results showed a close race with no clear-cut winner, a development that made financial markets jumpy.
Brooklyn Assemblyman Dov Hikind is facing a storm of criticism after he dressed as an African-American basketball player in blackface. Hikind wore the costume to a party at his house celebrating the Jewish holiday of Purim.
He posted a picture of himself on Facebook wearing an afro wig and an orange jersey.