Tag Archives: MoneyWatch

Ford is recalling almost 3 million vehicles because of a damaged or missing part that could prevent the automobiles from shifting into the gear intended by the driver. That could cause the vehicle to roll away or move in an “unexpected direction,” according to federal regulators.  The recall covers several …

The Federal Trade Commission is starting an inquiry into the operations of pharmacy benefit managers who control access to prescription drugs for millions of Americans. The consumer protection agency said Tuesday that that it will order the nation’s largest PBMs to provide a range of information and records detailing how …

Target on Tuesday said it is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions come after a pronounced spending shift by Americans from investments in their homes …

The National Rifle Association is promoting its annual convention in Houston over the Memorial Day weekend as a chance to “celebrate Freedom, Firearms and the Second Amendment!” But with two mass shootings just 10 days apart that killed 21 schoolchildren and teachers in Uvalde, Texas, and 10 grocery shoppers in Buffalo, …

The “Greatest Show on Earth” is making a comeback — minus animals.  Ringling Brothers and Barnum & Bailey Circus, which ceased production in 2017 after a 146-year-run, will relaunch in September 2023, owner Feld Entertainment said on Wednesday. Tickets will go on sale in April of next year for a tour that …

Google is now letting people to remove their personal contact information — phone numbers, physical addresses and email addresses — from its search results. The Alphabet-owned search giant said on Wednesday that it is making the change to protect users from “unwanted direct contact or even physical harm.” Google said …

Bank of America posted a 12% decline in first-quarter profits from a year earlier, a drop that was much smaller than the ones its rivals had reported the previous week.  The Charlotte, North Carolina-based bank said it earned $7.1 billion in profit compared to $8 billion during the same period …

Airlines canceled more than 3,500 U.S. flights over the weekend and delayed thousands more, citing weather in Florida and other issues. The issues were winding down early Monday, with almost 450 domestic flights scrapped, according to FlightAware, a website that tracks flights. It noted major disruptions at several Florida airports, …

Dropbox is among the tech firms that have declared themselves “virtual first” employers since the pandemic normalized remote work, for the first time in corporate history. Amanda Miller, a parent and Dropbox employee, said she is more productive working from home, where she has been doing her job for two …

Americans have gotten used to low interest rates for borrowing money, making it cheap to take out a loan for a home, car or other needs. But consumers will now find themselves paying more for all types of loans and credit this year now that the Federal Reserve has raised …