The United Auto Workers has endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement shouldn’t be surprising. UAW President Shawn Fain has been outspoken against Trump. The Detroit union also has …
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Federal Reserve officials said Wednesday that while there are signs the economy is slowing, the Fed was not yet ready to cut its key interest rate. Yet even as it held rates at their current …
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Business
CarShield ordered to pay $10 million federal settlement over deceptive repair coverage ads
by adminCarShield, a company that sells vehicle service contracts to automobile owners that it claims will cover the cost of certain repairs, has agreed to pay $10 million in a settlement with federal regulators over charges …
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Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO called the current slowdown in the home goods category “unprecedented” — and likened it to the 2008 financial crisis. “Our credit …
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Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared …
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Business
Extreme heat is prompting higher home cooling costs. It is also putting some individuals at risk
by adminAmid surging summer heat, the earth reached a new hottest day on record on July 22. That day, the global average temperature was almost 63 degrees Fahrenheit, and was surrounded by similar high temperature days. Across the U.S. …
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Business
Amazon is responsible for dangerous products sold on its site, federal agency rules
by adminAmazon must notify customers about and remove products deemed dangerous that it sells through its website, federal regulators ruled Tuesday. In a unanimous decision, the Consumer Product Safety Commission said that as a ‘distributor,’ Amazon …
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Texas AG wins $1.4B settlement from Facebook-parent Meta over facial-capture charges
by adminTexas Attorney General Ken Paxton has won a $1.4 billion settlement from Facebook parent Meta over charges that it captured users’ facial and biometric data without properly informing them it was doing so. Paxton said …
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Boeing has named Robert “Kelly” Ortberg to replace CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer struggles to regain its footing from its safety and manufacturing crises. He will start Aug. …
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Business
Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
by adminDETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. In an email to employees Tuesday morning, the company …