Lyft is testing a new feature this week that allows users in select areas of the U.S. to search for and reserve parking spots. The ride-hailing company told CBS MoneyWatch that the pilot, dubbed Lyft Parking, is available “in a small number of select cities” across the U.S. and Canada. Lyft …
Read More »CVS cuts cost of menstrual products in 12 states with “tampon tax”
CVS Health is lowering the price of menstrual products in 12 states, including in Texas, where attempts to repeal a so-called “tampon tax” have so far failed. The chain is also reviewing other items to ensure women’s products like razors and shaving cream aren’t higher priced than those marketed to …
Read More »Biden’s student loan relief application offers sneak preview. Here’s what to know.
The Biden administration is previewing the form that millions of Americans will soon be able to use to apply for up to $20,000 in student loan forgiveness, although the application isn’t yet available online. The Department of Education on Tuesday provided an early look at the form, along with more …
Read More »Amazon Labor Union says 50 workers suspended for refusing to work in “unsafe” Staten Island warehouse after fire
A still-unrecognized labor union for an Amazon warehouse in Staten Island, New York said early Wednesday that 50 workers at the facility were suspended by the online retail giant for staging a walkout after a fire led to unsafe work conditions. About 100 workers staged a march through the warehouse …
Read More »SiriusXM and ESPN Milwaukee suspend Brett Favre programming as welfare scandal intensifies
Two of Brett Favre’s weekly shows have reportedly been suspended due to the former quarterback’s alleged entanglement in a welfare fraud case unfolding in Mississippi. ESPN Milwaukee paused “The Brett Favre Show” podcast last week, a spokesperson confirmed with CBS MoneyWatch. ESPN Milwaukee is owned by Wisconsin-based Good Karma Brands …
Read More »Stocks tumble as FedEx profit warning spooks investors
Stocks tumbled Friday as a profit warning from FedEx about weakening business conditions spooked investors, who are also bracing for more interest rate hikes amid higher-than-expected inflation. Wall Street’s benchmark S&P 500 index lost 28 points, or 0.7%, to 3,873, adding to declines after August inflation stayed near a four-decade …
Read More »Rising inequality may lead to dysfunctional societies, new book warns
Rampant inequality could have devastating societal consequences in the next 50 years if current economic policies remain in place, according to a new book by a team of economists and scientists. For one, societal divisions will make it increasingly challenging to deal with urgent crises like climate change, according to the …
Read More »Georgia jury awards $1.7 billion in Ford F
A Georgia jury has returned a $1.7 billion verdict against Ford Motor Co. involving a pickup truck crash that claimed the lives of a Georgia couple, their lawyers confirmed. Ford Motor Co. plans to appeal the verdict, a company representative said Sunday. Jurors in Gwinnett County, just northeast of Atlanta, …
Read More »Stocks up as investors focus on economy ahead of retail earnings
Stocks on Wall Street recovered from early losses and turned higher in afternoon trading Monday as investors remain focused on the economy and on several updates from retailers this week. The S&P 500 rose 20 points, or 0.5%, to 4,300 as of 3:50 p.m. Eastern. The benchmark index has risen …
Read More »Crypto service Nomad offers “bounty” for hackers who return funds after $200 million theft
Cryptocurrency service Nomad is offering a “bounty” to anyone who returns funds stolen from the company in a nearly $200 million theft on Monday. Nomad said it will pay up to 10% of the digital funds taken by hackers and vowed not to pursue legal charges against parties that return …
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