Category: Economy

Seller of fake N95 face masks to refund $1.1 milli...

Razer sold the Zephyr mask as protection against COVID during the pandemic, but products were not tested, feds say.

Feds testing ground beef where dairy cows were str...

USDA says the U.S. meat supply is safe, and reiterates that people should cook beef to kill bacteria and viruses.

Voters in battleground states say the economy is a...

Voters rank the economy ahead of other hot button topics as one of the most important issues ahead of the 2024 presidential electi...

New court filings show SEC, Chair Gensler believed...

Consensys filed a lawsuit against the Securities and Exchange Commission claiming the agency is attempting an unlawful power grab ...

Paramount CEO Bob Bakish out amid Skydance merger ...

Paramount Global's Bob Bakish is out as CEO after reportedly clashing with the board over the terms of a sale to Skydance Media, F...

Feds investigating Ford Mustang Mach-E hands-free ...

The National Highway Traffic Safety Admininstration is investigating Ford's BlueCruise driving assistance technology in Mustang Ma...

Here's how much income it takes to be considered r...

The income needed to join your state's top earners can vary considerably, from a low of $329,620 annually in West Virginia to $719...

Gold watch found on body of Titanic's richest pass...

A gold pocket watch recovered along with the body of John Jacob Astor, the richest passenger on the Titanic, is up for auction.

Possible TikTok ban leaves some small businesses c...

Under the new law signed this week, ByteDance has nine to 12 months to sell the platform to an American owner, or TikTok faces bei...

Intimacy coordinators are on the rise on film and ...

Intimacy coordination is a relatively new and growing field with movie and television productions required to make a good-faith ef...

United Auto Workers reaches deal with Daimler Truc...

The union struck a four-year agreement with the German company on Friday evening, just before the expiration of the previous contr...

Google parent Alphabet delivers first-ever dividen...

Google parent Alphabet, flush with cash will pay its first-ever dividend joining rival Meta and other tech titans such as Apple an...

Williams Sonoma labeled Chinese-made merchandise A...

The FTC and the Justice Department said Friday that Williams-Sonoma Inc. has agreed to a settlement, which includes a $3.175 milli...

Sen. Warren challenger goes to bat for Coinbase, c...

US Senate candidate and attorney John Deaton filed an amicus brief in the Southern District of New York in support of crypto excha...

Tesla, Google, Oracle top week, along with Biden t...

Investors digested a big week for earnings from the likes of Google, Meta and Tesla, as well as economic data while also monitorin...

Hertz says it lost another $195M from EV bet

Hertz Global reported higher-than-expected quarterly losses on Thursday, which sent shares down by more than 24%. The company's to...

FTC looks to ban non-compete clauses, impacting mi...

The Federal Trade Commission is planning to ban non-compete clauses, which are the parts of employer contracts that bar workers fr...

EPA issues toughest rule yet on power plant emissi...

Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make ...

U.S. economic growth slows as consumers tighten th...

Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.

See inside Frank Sinatra and Mia Farrow's home tha...

Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.

Tesla slashes price for Full Self-Driving software

Tesla announced that it will cut the price for its Full Self-Driving software by one-third from $12,000 to $8,000 as it looks to b...

Tesla's day of reckoning as first-quarter earnings...

Tesla releases its first-quarter earnings on Tuesday as the EV maker faces competitive and economic headwinds that have investors ...

Kroger, Albertsons to sell 166 more stores with $2...

Kroger and Albertsons plan to sell an additional 166 stores to C&S Wholesale Grocers, bringing the total to 579 stores that would ...

Delta Air Lines gives workers 5% raise, boosts sta...

Delta Air Lines announced Monday it is giving all its employees a 5% raise worldwide and is hiking starting pay to $19 an hour, af...

Retailer Express files for Chapter 11 bankruptcy p...

Express filed for Chapter 11 bankruptcy protection on Monday. WHP Global sent Express a non-binding letter of intent to possibly b...

Walmart joins other big retailers in scaling back ...

Retailers are ditching and limiting shelf-checkout at some stores, particularly those hit by theft and customer complaints.

A bitcoin halving is imminent. Here's what that me...

In the next day or two, bitcoin is expected to go through a preprogrammed event that will cut new production of the cryptocurrency...

VW workers vote for union in Tennessee in major wi...

UAW claims historic victory, with an overwhelming majority of VW workers at Chattanooga factory voting to unionize.

Americans lose millions to wire transfer fraud. Co...

"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of...

House passes legislation that could ban TikTok in ...

The company said the legislation would "trample the free speech rights" of TikTok users.

Tesla's troubles, inflation sticks, Boeing whistle...

Stock investors wrapped a choppy week after an admission on inflation by the Fed, gold prices climb and more woes for Elon Musk's ...

China orders Apple to remove WhatsApp, Threads, ot...

Apple has reportedly removed messaging apps including WhatsApp and Telgram from its iPhone store for users in China, following ord...

Trump Media flags Nasdaq on possible short-selling...

Shares of former President Donald Trump's media company have been on a wild ride since going public in March. joining the meme clu...

Trump Media and Technology Group CEO letter to Nas...

The CEO of Trump's media company is calling foul, alleging the shares are the target of short sellers. Read his full letter to the...

60th anniversary: See the Ford Mustang through the...

Ford celebrated the Mustang's 60th anniversary this week, with the classic pony car building on its legacy as one of the U.S. auto...

Biden to ask U.S. trade rep to consider tripling t...

The White House says American workers face unfair competition from Chinese steel and aluminum imports.

Cast members at Disneyland file petition for union...

Workers said they're seeking higher pay, a safe and sanitary workplace and transparency in scheduling and rehiring.

Boeing ignores safety concerns, production defects...

Boeing engineer Sam Salehpour tells lawmakers that employees who raise concerns about safety issues at the company are "threatened...

Here's how much Caitlin Clark will make in the WNB...

The No. 1 pick in this year's WNBA draft is "going to raise all boats" for players in the league, one expert said.

Pesticides pose significant risk in 20% of fruits ...

Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.

Ford celebrates Mustang's 60th anniversary with sp...

Ford will unveil a special edition 60th anniversary package for the Mustang at an event at Charlotte Motor Speedway on Wed. April ...

Union vote underway at Volkswagen's only US plant

Workers at Volkswagen's sole U.S. factory in Chattanooga, Tennessee, are voting this week on whether to join the United Auto Worke...

United said it lost $200 million from the temporar...

United Airlines noted in its latest earnings report released this week that the temporary grounding of the Boeing 737 Max 9 in Jan...

Planet Fitness names Colleen Keating as new CEO

Planet Fitness on Tuesday named Colleen Keating as its new CEO, replacing interim chief executive Craig Benson. She previously ser...

FDA announces recall of heart pumps linked to deat...

The recall comes years after surgeons say they first noticed problems with the HeartMate II and HeartMate 3, manufactured by Thora...

UnitedHealth says Change Healthcare cyberattack co...

The $872 million most likely excludes any amount UnitedHealth may have paid to hackers in ransom.

Governors decry UAW push to unionize car factories...

Republican governors criticized the UAW's efforts as Volkswagen workers in Tennessee are set to start voting on joining the labor ...

Confused about the cost of going to college? Join ...

Just figuring out what it costs to get a college degree can deter some people from going to school, a new study suggests.

Boeing's tip line submissions were up 500% on the ...

Calls to Boeing's tip line for workers to report safety and quality concerns have increased 500% from a year ago after the mid-air...

Jamie Dimon nets $183M after completing planned st...

Jamie Dimon offloaded 178,222 shares of JPMorgan Chase stock Monday worth about $33 million, according to a filing with the Securi...

Counterfeit and misused Botox blamed in 9-state bo...

19 people have been stricken — including nine who have been hospitalized — after getting fake or mishandled injections in homes an...

H&R Block outages impact customers ahead of the Ta...

The tax-prep software giant says it has resolved an issue that blocked some customers from e-filing on Sunday and much of Monday.

Even in a bad market, this week of April is still ...

The housing market continues to be challenging for both buyers and sellers this year, as mortgage rates and asking prices continue...

Bayer seeks legal shield from suits claiming Round...

Bayer has been lobbying lawmakers in three states to pass bills providing it legal protection from suits claiming Roundup causes c...

American Airlines pilots union warns of "significa...

The union for American Airlines pilots says it's been seeing "a significant spike in safety- and maintenance-related problems in ...

Nike draws heat over skimpy U.S. women's Olympics ...

Nike's unitard for female track and field athletes representing the U.S. at the 2024 Paris Olympics is too revealing, critics say.

US investigating GM Cadillac Lyriq EVs over brake ...

The National Highway Traffic Safety Administration (NHTSA) has launched a preliminary evaluation after receiving multiple reports ...

Trump Media stock plummets after company files to ...

Trump Media & Technology Group stock tumbled more than 15% Monday after the company launched by former President Donald Trump disc...

Samsung overtakes Apple for top phonemaker spot: r...

Samsung has overtaken Apple as the world's top phonemaker during the first quarter of 2024 as the latter's shipments have dropped ...

How big is the Masters purse, and how much of it d...

Here's how much the winner took home last year, and what other golfers made.

Tax pros warn against following terrible tax tips ...

Beware of taking dubious tax advice from unqualified creators on social media, say experts. Following wrong advice could potential...

FTC chair Lina Khan on playing "Anti-Monopoly"

For corporate America, Federal Trade Commission chair Lina Khan has emerged as a hard-charging cop on the monopoly beat. As a watc...

How Houston is successfully reducing homelessness

In 2012, the nation's fourth-largest city went all-in on a new system to address homelessness in which dozens of agencies join for...

US high schoolers want financial education, but ma...

A survey by Intuit found that students want to learn about financial literacy at school and that those who receive personal financ...

How Roundup lawsuits could give China an edge

Legal fees associated with Bayer's Roundup, a weed-killing product used by farmers and gardeners who want to protect their crops o...

US Steel shareholders vote on controversial Nippon...

Japan's Nippon Steel cleared one hurdle in acquiring U.S. Steel with a key vote on Friday, even as lawmakers raise red flags about...

Aleksey Navalny's posthumous memoir to be publishe...

Publisher calls memoir from deceased Russian opposition leader his "final letter to the world."

Fear an IRS audit? Here are the odds based on your...

Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.

Gas prices are on the rise again. Here's what to e...

The cost of filling up is rising ahead of the summer driving season, as peak demand and geopolitical issues converge.

Hundreds of drugs are in short supply around the U...

Most worrisome gaps involve cancer chemotherapy drugs, ER medications and and therapies for ADHD.

Buick unveils Enclave SUV that features new tech, ...

General Motors-owned Buick on Tuesday unveiled the redesigned version of its Enclave SUV. It will start building and taking orders...

Norfolk Southern agrees to $600 million settlement...

Norfolk Southern announced a $600 million agreement with residents and businesses of East Palestine, Ohio to settle a class action...

Equity investor says oil prices could affect Fed a...

The chief investment officer of Andersen Capital Management said oil prices could affect the Federal Reserve as its policymakers d...

Aruba Aloe hand sanitizer and gel recalled after m...

Exposure to methanol — a toxic alcohol typically found in antifreeze and windshield washer fluid —can be extremely dangerous.

Should casinos be a smoke-free workplace? The UAW ...

New Jersey is failing to protect thousands employed at Atlantic City gambling establishments, lawsuit claims.

New WIC rules include more money for fruits and ve...

The federal program that helps pay for groceries for millions of low-income mothers, babies and young kids will emphasize more fru...

Eclipse tourists faced heavy traffic and long dela...

Some eclipse tourists said trips took twice as long as they normally would require, adding hours of travel time to return home.

Disney’s win, jobs blowout, gold shines and solar ...

Investors digested a red hot jobs report along with a dose of reality from Federal Reserve Chairman Jerome Powell both impacting s...

Elon Musk says Reuters 'lying' in reporting Tesla ...

Tesla CEO Elon Musk accused Reuters of "lying" on Friday after the media outlet reported the electric vehicle giant has abandoned ...

Original Superman comic from 1938 sells for $6 mil...

Action Comic No. 1 tells the story of how an infant boy leaves his home planet, lands on Earth then becomes Superman.

Hotel prices soar as tourists flock to see solar e...

High demand for hotels, flights and cars in towns along the path of totality means "kooky crazy" prices, says one eclipse chaser.

The solar eclipse could deliver a $6 billion econo...

The total eclipse on April 8 will bring an economic boom to cities and towns in more than 12 states, from Texas to Vermont.

Fashion designer finds rewarding career as private...

Katya Ekimian, 25, a former fashion designer has found a satisfying career as a private chef: "It's creative, it's manual, it's ar...

Flying with pets? Here's what to know.

Most U.S. airlines let you travel with small pets, but the rules are complicated. Here's what to consider when traveling with a pe...

Ford postpones rollout of some new EVs as demand w...

Ford Motor Co. said it is delaying the production of two new electric vehicle models — an SUV and a pickup truck — as global deman...

Meet Disney's newly elected board

Disney CEO Bob Iger will be working closely with his newly elected board, which boasts a handful of current and former Fortune 500...

Chase allowing advertisers to target customers bas...

Chase has launched a new platform, Chase Media Solutions, that allows marketers to target the bank's 80 million customers with ads...

Boeing pays Alaska Airlines $160 million in cash i...

Alaska Airlines said Boeing has paid the carrier $160 million in “initial compensation" after a door plug blowout on a 737-9 MAX p...

Trump to be deposed in dispute with media company ...

Former President Donald Trump is scheduled to be deposed later this month by lawyers for co-founders of his social media company a...

U.S. employers in March planned highest job cuts s...

Some companies are reverting to a "do more with less" approach, according to a report from Challenger, Gray & Christmas.

New rule could make it much harder for Trump to ov...

A new federal rule could make it much harder for former President Trump to overhaul the federal workforce in his political image i...

Ticket price for women's NCAA Final Four skyrocket...

The women's NCAA Final Four games will take place in a smaller arena than the men's, causing a short supply of tickets.

2 million Black+Decker steamers recalled after doz...

Empower Brands has received 317 reports of hot water spewing from the steamers and 82 reports of burn injuries.

See the new Gulfstream G700 that just received FAA...

Gulfstream Aerospace’s new Gulfstream G700 business jet just hit a major milestone by obtaining Federal Aviation Administration ce...

Texas AG launches probe into Boeing supplier opera...

Boeing supplier Spirit AeroSystems is facing an investigation launched by Texas Attorney General Ken Paxton into its handling of m...

Tesla has new competition with a Chinese EV priced...

Tesla is getting some more electric vehicle competition in China with Xiaomi's release of the SU7 sedan this week, according to Ba...

Trump wows Wall St., Boeing CEO out, Baltimore bri...

Investors wrapped up the holiday week with a stellar end to the first quarter for stocks, there's a new public company backed by f...

Tesla's tough quarter has investors anxious

Tesla is expected to announce sluggish sales figures to cap a difficult first quarter of 2024, which has seen its stock slide near...

Subaru recalls nearly 119,000 vehicles over air ba...

Short circuit could stop front passenger air bags in some Outback and Legacy vehicles from deploying in a crash, automaker warns.

Employer of missing Baltimore bridge workers vows ...

An executive at Brawner Builders, the missing workers' employer, said "the company is broken" after bridge collapse tragedy.

Settlement reached in lawsuit between Gov. DeSanti...

The settlement ended almost two years of litigation

Supplement pill with mold recalled after deaths, h...

Health supplement products believed to have caused two deaths and sickened more than 100 people have been ordered to be taken off ...

FTX co-founder Sam Bankman-Fried sentenced to 25 y...

Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trad...

Reddit IPO spikes, reigniting social media sector

Reddit, the social networking forum where users can post, comment and interact on all kinds of issues and topics, is now a public ...

Truth Social on verge of stock market approval, po...

Former President Trump's Truth Social is set to be approved to enter the stock market Friday, potentially netting the former presi...

Dodge-parent Stellantis laying off hundreds of US ...

Stellantis confirmed Friday it is laying off hundreds more U.S. workers as the parent company of Dodge, Jeep and Chrysler moves to...

Chrysler recalls 286,000 vehicles over airbag conc...

Stellantis-owned Chrysler is recalling around 286,000 vehicles over concerns that side airbag inflators in certain models could ru...

HOW CAN NAIRA TOP U.S DOLLARS IN THE FOREIGN EXCHA...

WeightWatchers CEO sends internal memo to employee...

WeightWatchers CEO Sima Sistani sent a memo to employees trying to reassure them as the company's stock continues to suffer follow...

Target bringing express self-checkout to stores

Target shoppers will see most of Target's nearly 2,000 stores start using an "express self-checkout" format on Sunday. It has limi...

Inflation pops, Boeing battered, TikTok in play an...

Inflation is not going away quietly, Boeing faced another bout of turbulence and TikTok's future in the U.S. remains uncertain aft...

Realtors reach settlement that will change how Ame...

The National Association of Realtors has reached a settlement of claims that the industry conspired to keep agent commissions high...

Prosecutors want a 40- to 50-year prison sentence ...

Sam Bankman-Fried, founder of the crypto exchange FTX, was convicted in November of fraud-related charges, and prosecutors are now...

Sam Bankman-Fried deserves 40 to 50 years in priso...

Sam Bankman-Fried, 32, is scheduled to be sentenced on March 28 following his November conviction on fraud and conspiracy charges.

Target is limiting customers to 10 items at self-c...

While they are convenient and can save retailers money, self-checkout lines can also enable more theft.

Boeing 737 Max engine issue will take up to a year...

Boeing said its planned fix for an engine issue on all 737 Max jets will delay certification of the 737 Max 7 and Max 10 airliners...

Dollar stores are hitting hard times amid inflatio...

Dollar General this week said their consumers are struggling. Meanwhile, Family Dollar plans to close 1,000 locations.

Oakland Taco Bells shutter indoor dining options i...

Four Taco Bell fast-food restaurants in the Oakland, California area are halting indoor dining because of the rising crime rate in...

3M hires outsider Bill Brown as CEO, shares jump

3M has tapped Bill Brown as its next CEO, betting on an outsider to steer the company through a period of slowing sales and the fa...

United tells Boeing to stop making the Max 10s the...

United Airlines CEO said Tuesday the airline has asked Boeing to halt production of the hundreds of 737 Max 10s the airline ordere...

GM lost tax credits on 20,000 EVs due to battery s...

GM said it built about 20,000 EVs this year that didn't qualify for federal EV tax credits due to battery sourcing requirements, b...

Tyson Foods’ Iowa pork plant to permanently close,...

Tyson Foods announced Monday that it will stop operating its pork plant in Perry, Iowa. The site reportedly has a workforce of mor...

Actors union president Fran Drescher on SAG-AFTRA'...

Last year, actors and writers walked off the job after contract talks with film and TV producers broke down. Fran Drescher, presid...

Honda's first electric SUV qualifies for full EV t...

The first EV SUV offering from Honda Motor Company, the Prologue, comes in at a price point that makes it eligible for the full fe...

Rivian announces two new EV SUV lines, including o...

Rivian’s electric vehicle lineup is getting bigger – including a product line that hadn’t been expected. It said it will make an R...

NYCB takes more action as CEO works a new business...

New York Community Bank's incoming CEO said Thursday he's planning to present a new business plan in late April after NYCB got a $...

Embattled bank NYCB lands $1B investment from grou...

Troubled regional lender New York Community Bank announced Wednesday that it secured a $1 billion investment from a group that inc...