> Hey folks, what's the status of that document?
Just means the people being addressed.
> Are your folks coming to dinner?
is, "Are your parents coming to dinner?"
Wiktionary lists both as definitions: https://en.wiktionary.org/wiki/folks#Etymology_1
https://www.politico.com/story/2014/08/john-brennan-torture-...
> Hey folks, what's the status of that document?
Just means the people being addressed.
> Are your folks coming to dinner?
is, "Are your parents coming to dinner?"
Wiktionary lists both as definitions: https://en.wiktionary.org/wiki/folks#Etymology_1