Wire stories category, Page 32
Amazon workers stage walkout over job cuts, return-to-office mandate
SEATTLE — A group of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate is planning a walkout at the company’s Seattle headquarters Wednesday. The lunchtime protest comes a week after Amazon’s annual shareholder meeting and a month after a policy took effect requiring...
CEOs got smaller raises. It would still take a typical worker 2 lifetimes to make their annual pay
After ballooning for years, CEO pay growth is finally slowing. The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median of $14.8 million, according to data analyzed for The Associated Press by Equilar. That means half the CEOs in the...
Millennial Money: 3 signs you may need a credit card hiatus
When your finances start to spiral and it becomes increasingly difficult to keep up with credit card payments or build toward financial goals, switching your payment method temporarily to cash or debit could help. Spending with credit cards can stimulate the brain’s reward center and drive you to make more...
Liz Weston: 5 ways to simplify and reduce your money clutter
Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same. Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago and the financial paperwork you keep but no...
3 ways to pay for your summer vacation
A summer vacation can feel like a seasonal rite of passage — a sacred time to break away from the demands of everyday life in favor of fun and relaxation. But summer can also be an expensive time to travel, which makes it hard to budget enough money for your...
Target removes some LGBTQ merchandise from stores ahead of June Pride month after threats to workers
NEW YORK — Target is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. “Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense...
Ford to keep AM radio on ’24 models, restore it on 2 electrics from ’23
DETROIT— Owners of new Ford vehicles will be able to tune in to AM radio in their cars, trucks and SUVs after all. CEO Jim Farley wrote in social media postings Tuesday that the company is reversing a decision to scrub the band after speaking with government policy leaders who...
Millennial Money: How to pick a socially responsible bank
It has never been easier to open a bank account, especially with the spread of online services, but there has also never been so much choice about where to put your money. If you’re overwhelmed by your banking options, think about your ability to shape social change with your money....
California employees share what a 4-day work is really like
OAKLAND, California — It’s after noon on a recent Wednesday, and the kitchen and patio at ThredUp’s Oakland headquarters are packed. Employees are eating lunch and chatting around a long table in the kitchen. Smaller groups are clustered outside and enjoying a sunny spring day after weeks of rain. But...
TikTok files lawsuit to overturn Montana’s 1st-in-nation ban on the video sharing app
HELENA, Mont. — Social media company TikTok Inc. filed a lawsuit Monday seeking to overturn Montana’s first-in-the-nation ban on the video sharing app, arguing the law is an unconstitutional violation of free speech rights and is based on “unfounded speculation” that the Chinese government could access users’ data. The lawsuit...
Venmo to be officially available for teenagers
NEW YORK — Teenagers will officially be allowed to open a Venmo account with their parent’s permission, the company said Monday, expanding the popular social payments app to a age demographic that is likely to embrace it almost immediately. Using Venmo won’t necessarily be new to a good number of...
Disney scraps plans for $1B Florida campus as fight with DeSantis continues
LAKE BUENA VISTA, Fla. — The Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development. The decision follows a year of attacks from Gov. Ron...
Sam Zell, billionaire real estate investor, dies
Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties died on Thursday. He was 81. Zell died at home due to complications from a recent illness, according to Equity Group Investments, a company...
EPA rule would force clean-up of toxic coal ash dumped in landfills, ponds near power plants
WASHINGTON — The Environmental Protection Agency is strengthening a rule aimed at controlling and cleaning up toxic waste from coal-fired power plants. A proposal announced Wednesday would for the first time require safe management of so-called coal ash dumped in hundreds of older landfills, “legacy” ponds and other inactive sites...
5 tips to tackle a home remodel in an uncertain economy
Spring is kickoff season for many kitchen remodels, bathroom updates and deck repairs, but recent economic turmoil may have homeowners questioning their home improvement plans. Spending on home renovations is expected to slow this year because of factors such as declining home sales and values, rising interest rates , continuing...
Musk says he’s not stepping down as Tesla CEO
Elon Musk on Tuesday dismissed speculation that he might step down as Tesla’s CEO and told the company’s annual shareholders meeting that the electric car and solar panel company would start doing some advertising. “Say it ain’t so,” one shareholder asked Musk about stepping down as Tesla’s leader. “It ain’t...
Ford recalls 310,000 trucks to fix problem with airbags
DETROIT — Ford is recalling more than 310,000 trucks in the U.S. because the driver’s front air bag may not inflate in a crash. The recall covers certain F-250, F-350, F-450, and F-550 Super Duty trucks from the 2016 model year. The company says dust can accumulate in a cable...
IRS moves forward with free e-filing system in pilot program to launch in 2024
NEW YORK — Most taxpayers are interested in filing their taxes directly to the IRS for free, a new report says, and that option will be tested next year. The IRS has spent the past nine months studying whether U.S. taxpayers want to see a free, e-filing system run by...
‘Taco Tuesday’ trademark tiff flares anew between fast food competitors
CHEYENNE, Wyo. — Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark. Too many businesses and others refer to “Taco Tuesday” for Taco John’s to be able to have exclusive rights...
Mountain Valley Pipeline gets new permit to build in Appalachian national forest
CHARLESTON, W.Va. — A controversial and long-delayed natural gas pipeline got the green light for construction on national forest land in Virginia and West Virginia after the U.S. Forest Service reissued its approval for a permit, despite past federal appeals court rulings determining developers had “inadequately considered” the project’s environmental...
Federal Appeals Court says Elon Musk must abide by SEC settlement
NEW YORK — Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court...
Wall Street slips as households get more nervous
NEW YORK — Stocks are slipping Friday as a listless week on Wall Street appears to be heading toward a quiet close, even as big worries continue to roil under the surface. The S&P 500 was edging 0.2% lower and on pace for a sixth straight week where it moved...
Average long-term mortgage rate falls to 6.35% this week, lowest level in 5 weeks
LOS ANGELES — The average rate on a long-term U.S. home loan is down to the lowest level in five weeks, welcome news for house hunters facing a market constrained by persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac said Thursday that...
Peloton recalling more than 2 million exercise bikes. Here’s why:
Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards. The recall includes about 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for about...
Fed’s Tom Barkin: Inflation still ‘stubbornly high’ and isn’t easing fast enough toward 2% targetVideo
Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve’s 2% target, a top Fed official said Wednesday, hours after price data for April were released. In an interview, Tom Barkin, president of the Federal Reserve Bank of Richmond, said he is also seeing some...
