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Categories Business

January inflation hits 6.4%, missing analysts’ expectations for a faster slowdown

Author February 22, 2023

Consumer prices increased at an annual rate of 6.4% in January — a slight slowdown from the 6.5% seen in December but above

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Categories Business

The IRS has already issued nearly $16 billion in tax refunds, but your refund may be smaller than last year’s

Author February 22, 2023

Tax filing and refund season appears to be coming early for many U.S. residents this year. According to the latest data from the

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Categories Business

High-income earners move back into childhood bedrooms, use candles instead of lamps to make ends meet

Author February 22, 2023

With high inflation and rising interest rates on consumer debt, an increasing percentage of workers considered to be high-income earners now say

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Categories Business

Lufthansa tech meltdown strands thousands of passengers

Author February 22, 2023

An IT failure at Lufthansa stranded thousands of passengers and forced flights to Germany’s busiest airport to be canceled or diverted Wednesday, with

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Categories Business

As inflation stays high, grocers push back against raising food prices

Author February 22, 2023

As many shoppers trade down from pricier brand-name items for generic alternatives, grocers are increasingly pushing food suppliers to lower prices. Government data

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Categories Business

Tesla recalling nearly 363,000 vehicles over ‘full self-driving’ software that could lead to crashes

Author February 22, 2023

Tesla is recalling 362,758 vehicles because a version of its ‘full self-driving’ software may increase the risk of crashes, according to the

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Categories Business

Complaint accuses Tesla of firing more than 30 workers after union effort was announced

Author February 22, 2023

A group of Tesla workers in Buffalo, New York, have filed a complaint with the National Labor Relations Board accusing the electric

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Categories Business

Three more interest rate hikes could come this year, top banks say

Author February 22, 2023

Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year,

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Categories Business

Feds fine Mormon church for illicitly hiding $32 billion investment fund behind shell companies

Author February 22, 2023

The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the

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Categories Business

Home Depot raises starting hourly pay to $15 amid ongoing nationwide labor shortage

Author February 22, 2023

Home Depot announced Tuesday it was investing $1 billion in its hourly workers, bringing their average starting salary to $15 an hour. The

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