MoneyWatch

U.S. economy shrank at annual rate of 0.9% in the second quarter

The U.S. economy shrank between April and June of this year, marking the second consecutive quarter of declining economic activity — a sign the U.S. may be teetering on the edge of a recession.  The nation’s gross domestic product, a measure of total spending on goods and services across the …

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“Eat the Rich” ice cream truck sells $10 popsicles shaped like Bezos, Musk, others

An artists’ collective in Brooklyn is selling popsicles shaped like billionaires including Elon Musk and Jeff Bezos with the tagline “Eat the Rich.” But the $10 price tag on the frozen treats has some people pointing out the irony of criticizing the world’s wealthiest while engaging in “peak capitalism.” The …

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Inflation’s high — and coupons are increasingly difficult to find

It’s more difficult than ever to find paper coupons, once a household staple for saving on groceries and other purchases.  The reason is partly due to the pandemic, with manufacturers wanting to avoid shortages in case consumers respond to an offer, Axios senior breaking news reporter Kelly Tyko told CBS …

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Jif Peanut Butter recall: Deskins Candies the latest to warn consumers

The Jif Peanut Butter recall continues to reverberate. Nearly five weeks after the J.M. Smucker Co. recalled multiple Jif brand peanut butter types, a candy maker in Bluefield, West Virginia, is recalling Jif-laden treats as health officials work to contain a multi-state outbreak of salmonella linked to the popular food ingredient.  …

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U.S. safety regulators receive over 750 complaints of Teslas braking for no reason

More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on the automaker’s partially automated driving systems have suddenly stopped on roadways for no apparent reason. The National Highway Traffic Safety Administration revealed the number in a detailed information request letter to Tesla that was posted …

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Baby formula exchanges pair donors with families in need

Websites are popping up that match people who have extra baby formula on hand with families struggling to find the nutritional products amid a severe national shortage at stores and online.  Those with baby formula they don’t need can sign up to donate the products, while parents and caregivers can register …

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Stocks mixed as investors await U.S. inflation data

U.S. stocks lost their early morning gains and fell in afternoon trading as the market remains shaky following a broad sell-off. The S&P 500 was largely flat just before the close after slumping 3.2% on Monday and hitting its lowest level in more than a year. The Dow Jones Industrial …

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Florida is the least affordable place to live in the U.S.

Sally Starkey thought moving from Chicago to Florida would be easy. The 33-year-old publicist moved to Naples, Florida, when her husband got a nearby job. Familiar with the area from friends and family who vacationed there, the couple was excited to move, she said.  “We thought we would have no …

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Dollar Tree recalls more than 1 million hot glue guns after fires

Discount retailer Dollar Tree is recalling more than 1 million Crafter’s Square Glue Guns sold nationwide because they can malfunction when plugged in, potentially burning people and property. People should unplug and stop using the recalled product, which sold for about $1 and can be returned to any Dollar Tree …

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America’s labor shortage is actually an immigrant shortage

U.S. employers say it’s a hard time to find and keep talent. Workers are decamping at near-record rates, while millions of open jobs go unfilled. One reason for this labor crunch that has largely flown beneath the radar: Immigration to the U.S. is plummeting, a shift with potentially enormous long-term …

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