Tag Archives: MoneyWatch

Oatly, Stumptown and other beverages recalled due to potential microbial contamination

Lyons Magnus, the maker of coffee and nutritional drinks, is recalling 53 different products over possible bacterial contamination. The list of recalled brands includes Aloha, Oatly, Stumptown, Glucerna, Premier Protein and others. The items, which were distributed nationally, are potentially contaminated with the bacteria Cronobacter sakazakii, according to the Food …

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Want to cool off in a swimming pool? There’s an app for that

If the ferocious heat gripping much of the U.S. has you dreaming of a cool swim, but you don’t have a pool, let technology be your guide. An app lets you peruse private pools in your area and rent them for a fee.  The Swimply app, launched in 2019, matches more than …

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Inflation now “entrenched” in U.S. economy, Goldman Sachs CEO says

Inflation is now “deeply entrenched” in the U.S. economy, according to one of America’s top bankers. David Solomon, CEO of Goldman Sachs, told Wall Street analysts on Monday that a combination of economic factors and the war in Ukraine is eroding the confidence of consumers and businesses, while also contributing …

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Walmart let scammers use money transfer services to fleece people, FTC says

Walmart let criminals use its money transfer services to scam consumers out of hundreds of millions of dollars while collecting fees on the transactions, the Federal Trade Commission alleged Tuesday in filing a lawsuit against the nation’s biggest retailer. Walmart for years turned a blind eye while scammers exploited its …

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1.4 million electric panels have been recalled due to burn and fire risks

Schneider Electric USA is recalling 1.4 million circuit-breaker boxes sold at home improvement and hardware stores nationwide because they can overheat, posing thermal burn and fire hazards. The recall involves Square D QO Plug-On Neutral Load Centers installed in homes, recreational vehicles and commercial establishments, including restaurants, manufacturing plants and …

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“White guy” case against AT&T can move forward, judge says

A former AT&T employee is suing the telecommunications giant, alleging the company’s diversity hiring practices discriminated against him because he is a middle-aged White man. Joseph DiBenedetto, a Georgia resident who worked for two decades as an assistant vice president inside the company’s tax research department, filed an age, gender …

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What caused thousands of flight cancellations over the Memorial Day weekend?

More than 2,500 flights across the U.S. were canceled over the Memorial Day weekend, frustrating passengers during one of the busiest travel times of the year.  A range of factors combined to scuttle flights, said CBS News Travel Editor Peter Greenberg, including airlines over-scheduling flights; staffing shortages at airports, airlines …

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Elon Musk says Twitter deal is “temporarily on hold” as he probes spam and fake accounts

Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform, another twist amid signs of internal turmoil over the proposed acquisition. In a tweet, the Tesla billionaire linked to a Reuters story …

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Musk gets $7 billion in backing for Twitter bid from tech heavyweights

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter  with commitments of more than $7 billion from a range of investors, including Silicon Valley titans like Oracle co-founder Larry Ellison. Other investors include Sequoia Capital Fund, which pledged $800 million, and VyCapital, which pledged $700 …

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Ford Motor loses $3.1 billion due to chip shortage and Rivian

Ford Motor said it lost $3.1 billion over the past three months and its revenue slid, in part because of a shortage of semiconductor chips which limited the number of pickups and SUVs available for sale in North America, but also as a result of its heavy investment in electric-vehicle …

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