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Judge blocks Georgia's online sales law, a win for Meta, Craigslist, others
Georgia’s new law extending data collection requirements for online marketplaces such as Nextdoor and Craigslist can’t stand as it conflicts with federal law, an Atlanta judge has decided.
The state’s “Combating Organized Retail Crime Act” was due to take effect Monday. It requires online marketplaces to obtain and verify information ...Read more
Half a million Patelco members locked out of credit union accounts due to security breach
DUBLIN, California — Half a million people on Monday were still locked out of their Patelco Credit Union accounts after a security breach on Saturday shut down bank operations with no clear resolution in sight.
Patelco’s President and CEO Erin Mendez on Saturday sent a systemwide email telling customers a “serious security “ breach “...Read more
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Tesla is running out of excuses for a prolonged sales slump
Tesla Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis.
Analysts surveyed by Bloomberg are estimating the carmaker will report on Tuesday that it handed over 439,302 electric vehicles in the second quarter, a 5.8% drop from a year ago. This would be a second consecutive quarterly decline, which Tesla ...Read more
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Chicago pension debt rises to $37 billion as city hunts for cash
Chicago’s pension burden climbed again last year as new laws and accounting measures added to costs, and first-term Mayor Brandon Johnson looks for new revenue.
The net pension liability across the city’s four retirement funds rose about 5% to $37.2 billion as of Dec. 31, up from $35.4 billion a year earlier, according to Chicago’s latest...Read more
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AT&T to issue credits to customers hit by international roaming outage
AT&T said it will issue credits to its customers affected by an international roaming service outage that caused problems for cellphone users traveling overseas in recent days.
AT&T, T-Mobile US and Verizon Communications acknowledged the problems last Thursday, with Verizon Support saying in a social media post that some customers traveling ...Read more
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Motormouth: What is a dead man's pedal?
Q: When I purchased my 2013 Malibu, a dead man’s pedal was listed on the invoice. What is a dead man’s pedal and can I assume that it is employed every time you take your foot off the accelerator? Is it important enough to be listed on the invoice and that every vehicle should have the feature?
J.A., Cetronia, Pennsylvania
A: I haven’t ...Read more
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Universal Hydrogen, pioneer of hydrogen-powered flight, goes bust
Universal Hydrogen, the pioneering company that flew a partially hydrogen-powered flight out of Moses Lake, Washington, in March last year, has burned through the $100 million it raised from investors and gone bust.
The company was one of a few aiming to replace fossil-fuel powered flight with more sustainable, emissions-free technology, in ...Read more
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Justice department to offer Boeing a plea deal related to Max crashes
The U.S. Department of Justice is preparing to offer Boeing a plea deal to resolve a criminal charge of fraud following two fatal crashes of the manufacturer’s 737 Max jet.
Federal prosecutors told attorneys representing those who lost loved ones in the crashes about the deal at a meeting on Sunday, according to two of those lawyers, Paul ...Read more
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Chicago's minimum wage resets to higher rate
Chicago’s minimum wage got its annual increase Monday, when it hit $16.20 for most workers across the city.
Chicagoans familiar with the city’s minimum wage ordinance will notice two significant changes this year. First, the minimum wages for large and small businesses are now equal, not tiered. July 1 also marked the first step in the city...Read more
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In the age of digital dollars, there's value to budgeting with cash
Emily Franks and her husband were making enough money to get by but were still living paycheck to paycheck and struggling with debt.
After learning their church was hosting a financial literacy class, they decided to take action. Through several weeks, they learned to craft a budget and make it stick, using cash-filled envelopes as a budgeting ...Read more
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Boeing to acquire troubled supplier Spirit AeroSystems, with Airbus parts split off
Two decades after Boeing put its big aircraft subassembly plants in Wichita, Kansas, and Tulsa, Oklahoma, up for sale and created what became Spirit AeroSystems, the company announced late Sunday it has reached an agreement to acquire those major units of Spirit and bring that work back in-house
In a note to Boeing employees Sunday night, CEO ...Read more
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Survey: The average American feels they'd need over $200K a year to be financially comfortable
From stubborn inflation to rising interest rates, it’s exceptionally expensive to have a shaky personal financial situation in 2023 — but in today’s era, it costs a lot to be financially comfortable, too.
Americans feel they’d need to earn approximately $233,000 a year on average to be secure or comfortable with their finances, a new ...Read more
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Meet ALICE: 29% of American households who earn above poverty level but don't have enough to make ends meet
Persistent inflation in recent years has taken a toll on Americans in multiple ways. For instance, according to Bankrate’s money and mental health survey, 65% of people who said their mental health is affected by money cite inflation as a cause.
When prices of goods and services are elevated, nearly everyone feels the effects — including ...Read more
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Nike's biggest drop on record puts pressure on CEO Donahoe
Nike Inc.’s management team, led by Chief Executive Officer John Donahoe, is facing growing criticism from Wall Street as a prolonged sales slump sparked the stock’s biggest rout since the company went public in 1980.
The world’s largest sportswear company sees revenue declining in the mid-single digits in the company’s current fiscal ...Read more
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Ford's new EV development center is in Long Beach, California. Here's why
Ford Motor Co. will open an electric vehicle development center in Long Beach, California, next year in a bid to attract and retain the engineering and software talent it needs to develop future EVs.
The 250,000-square-foot center will house up to 450 employees. Ford declined to disclose the investment in the location. It's an outgrowth of the ...Read more
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Henry Payne: Affordable cars: VW Jetta gets cheaper, adds tech 'n' style
While manufacturers work on the elusive, $25,000 electric car, the internal combustion engine market has gotten a shot in the arm with new, more affordable, more content-rich $25,000 models.
The latest is from Volkswagen, which cut the price on its base, $23k Jetta compact sedan while bringing in more standard safety features. Reskinned for the...Read more
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Ford CEO: EV adoption is about consumers, not regulators or politicians
Ford Motor Co. CEO Jim Farley took to LinkedIn on Friday to emphasize politics and policy won't be what turns the United States to electric vehicles — ensuring they are desirable and accessible will.
"The tipping point we’re working toward will come not from regulators who push us or from politicians who try to hold us back," Farley said in...Read more
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OptumRx pays $20M to settle federal opioid investigation
OptumRx is paying $20 million to settle allegations the company broke federal law by mailing opioids alongside other medications without resolving red flags about whether they were for legitimate medical purposes.
The Drug Enforcement Administration says OptumRx may have "improperly filled certain opioid prescriptions in combination with other ...Read more
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Boeing defense officials 'lean forward' with bets on future programs in St. Louis area
Boeing officials signaled, over the past week, that they are shifting their views on the types of defense work the company will take on, as it grows some programs, prepares to end others and embarks on a $1.8 billion expansion project here.
The company is becoming more open to projects where it serves not as the lead, or "prime" contractor, but...Read more
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Xcel seeks $1.9 billion from Colorado customers to fund wildfire mitigation after 2021 blaze
Xcel Energy wants to spend $1.9 billion through three years to prevent wildfires in Colorado, a dramatic increase that reflects the company's urgency after its involvement in devastating blazes in Colorado and Texas posed safety and financial hazards.
If Colorado regulators approve the wildfire plan covering 2025-27, it would raise the monthly ...Read more
Popular Stories
- Motormouth: What is a dead man's pedal?
- Meet ALICE: 29% of American households who earn above poverty level but don't have enough to make ends meet
- In the age of digital dollars, there's value to budgeting with cash
- Boeing to acquire troubled supplier Spirit AeroSystems, with Airbus parts split off
- Survey: The average American feels they'd need over $200K a year to be financially comfortable