More consumer data safeguards needed, watchdog tells US Congress
The head of the top U.S. watchdog agency for consumer finance on Wednesday called on lawmakers to adopt greater protections against the collection and use of consumers’ data from payment processing and so-called buy-now-pay-later services.
Hey, Siri! Let’s talk about how Apple is giving you an AI makeover
SAN FRANCISCO — Each June, Apple unveils its newest software features for the iPhone at its futuristic Silicon Valley campus. But at its annual developer conference Monday, the company will shine a spotlight on a feature that isn’t new: Siri, its talking assistant, which has been around for more than a decade.
Plug-in polluters? How Biden’s emissions rules go soft on hybrid trucks, SUVs
When the Biden administration announced new U.S. auto-emissions regulations in March, it made concessions to industry allowing for a much slower electric-vehicle transition than it had proposed a year earlier.
What retail apocalypse? Shopping centers are making a comeback
Shopping center landlords have found themselves in a wholly unfamiliar position: For the first time in 20 years, demand for retail space outstrips supply.
Nvidia overtakes Apple as No. 2 most valuable company
Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.
GameStop gains as Roaring Kitty reveals bet in Reddit post
GameStop shares jumped 21% on Monday after the stocks influencer known as “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
How Napster created a monster that became bigger than the music industry
Musicians are furious that new tech has gutted their income. Record labels are wary, yet eager to cut deals with ascendant platforms. Fans are delighted to access songs for a pittance, even as they’re screwing over beloved artists.
They spent their life savings on life coaching
To an outsider, Billiejo Mullett is someone who has her head firmly screwed on. She’s smart and educated — a registered nurse who works for a medical insurance provider — and balances her career with a busy family life.
Hess shareholders sign off on $53 billion sale to Chevron
HOUSTON — Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival Exxon Mobil’s massive Guyana discoveries.
Top FTX executive sentenced to 7 1/2 years in prison
NEW YORK — Ryan Salame, a top executive at collapsed cryptocurrency exchange FTX, was sentenced to 7 1/2 years in prison Tuesday, making him the first of Sam Bankman-Fried’s circle of advisers at FTX to receive prison time.
American Airlines replaces legal team after blaming child for being filmed in bathroom
American Airlines has replaced its legal team defending a Texas lawsuit after a filing last week blamed a 9-year-old Texas girl for allegedly being secretly recorded while using an aircraft bathroom.
What happened to our ad-free TV?
Not long ago, streaming TV came with a promise: Sign up, and commercials will be a thing of the past.
Red Lobster, an American seafood institution, files for bankruptcy
Versatile and resilient, the lobster survives by molting, shedding its skin and growing into a new, bigger shell. But eventually, energy runs low and the transformation becomes more difficult.
BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says
WASHINGTON — German automaker BMW imported at least 8,000 Mini Cooper vehicles into the United States with electronic components from a banned Chinese supplier, a U.S. Senate report released on Monday said.
New overtime pay rules start July 1. Employers say that’s too soon
Employers are pushing back and asking for more time before implementing new federal overtime rules that will require them to pay overtime to more workers.
Target rolling back Pride product availability is a step backward, LGBTQ advocates say
Minnesota LGBTQ leaders who not long ago considered Target one of their greatest corporate allies have begun to question the Minneapolis retailer’s values after last week’s announcement it would no longer sell its commemorative Pride merchandise in all stores.
Shoplifting has retailers putting more items behind anthitheft glass but it’s driving customers away
When Bryan Calhoun goes on a Target run, he avoids the store in Wynnewood, Pennsylvania, just a few miles away from his home in Broomall, a western suburb of Philadelphia. He opts instead to drive to Wayne or Malvern, where fewer items are locked behind antitheft glass.
Hershey faces larger lawsuit over missing designs on Reese’s candies
Hershey is facing a renewed, larger lawsuit claiming it misled consumers about the amount of artistic detail they would find on several Reese’s peanut butter candies after opening the packaging.
Musk, Indonesian health minister, launch Starlink for health sector
DENPASAR — Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service for the nation’s health sector on Sunday, aiming to improve access in remote parts of the sprawling archipelago.
Renting forever and trying to create a strong financial future
Moving back and forth from Tennessee to Alaska, Michael Rogers and his wife Christy have twice been stuck simultaneously paying a mortgage and rent. Once, in 2006, the situation dragged on for eight months, finally ending when they sold their house in Tennessee for $20,000 below what they’d paid for it.
