Federal labor regulators allege that SpaceX illegally fired employees who publicly criticized Elon Musk, the exploration company’s founder and CEO. According to allegations laid out in a complaint filed Wednesday by a regional office of the National Labor Relations Board, SpaceX wrongfully terminated eight employees and interrogated dozens more in 2022 after the workers wrote…
Retirement saving tips in your 20s and 30s Maximizing your retirement contributions throughout your career 03:26 Americans looking to stretch their retirement savings may want to head to states in the South or the Midwest, a recent analysis suggests. Around the U.S., a $1 million nest egg can cover an average of 18.9 years worth…
X, the social media platform formerly known as Twitter, is now worth an estimated 71.5% less than it was when Elon Musk purchased the platform in Oct. 2022, according to a Fidelity securities filing dated Dec. 30, 2023. The asset management firm, which owns an equity stake in the company under X Holdings Corp., previously slashed X’s…
The college financial aid form filled out annually by millions of families is getting an overhaul. The new version is now available. and it comes with some major changes that could impact your child’s financial aid for the 2024-25 academic year. The Department of Education’s Free Application for Federal Student Aid, or FAFSA, typically opens…
Although U.S. consumers buy products on the assumption that they are safe, potentially dangerous items often make it past regulators and into retailers. In 2023, the year began and ended with recalls and warnings involving products that can be deadly for children. Here’s a look at some products recalled last year that consumers should be…
Consulting firm McKinsey and Co. has agreed to pay $78 million to settle claims from insurers and health care funds that its work with drug companies helped fuel an opioid addiction crisis. The agreement was revealed late Friday in documents filed in federal court in San Francisco. The settlement must still be approved by a…
Designing the iconic New Year’s Eve ball Master craftsman on designing the iconic New Year’s Eve ball in Times Square 03:45 The arrival of New Year’s Eve invariably brings a last-minute rush to grab a festive beverage or missing ingredient for a special meal. But before heading out, it’s best to check whether your local…
2023 a mixed bag for Wall Street, U.S. economy – CBS News Watch CBS News It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes,…
A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday. Prosecutors told U.S. District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown…
High-powered magnetic balls sold by Walmart are being recalled because similar products have led to serious injuries and even death for children who swallowed them. The recall involves 5 millimeter multicolored magnetic balls sold in 216-piece sets sold in a clear, plastic case and a portable tin storage box, according to the recall notice posted…
BlendJet Inc. is recalling about 4.8 million portable blenders sold at Costco, Target and Walmart after receiving reports of blades breaking off as well as the product overheating or catching fire, resulting in dozens of injuries. The Benicia, California-based company has heard of 329 incidents in which BlendJet 2 Portable Blenders’ blades broke off while…
When it comes to children’s mental health and privacy, their loss translates into massive gains for social media companies: $11 billion, to be exact. That’s according to a new Harvard study that shows social media platforms last year generated $11 billion in revenue from advertising directed at children and teenagers, including nearly $2 billion in ad profits…
Times Square New Year’s Eve Bal gets a makover Times Square New Year’s Eve Bal gets a makover 00:33 Some New Year’s Eve revelers say you can’t put a price on the experience of watching the Times Square ball drop live and in-person on December 31. But business owners in the tourist mecca have done…
Apple appeals import ban on new Apple Watch Apple appeals ban on U.S. sale of its newest versions of Apple Watch 01:52 Apple won a temporary reprieve in the legal battle over its Apple Watch product, with an appeals court on Wednesday ordering a pause on a ban of the product that went into effect…
Apple appeals U.S. ban on watch imports Apple appeals U.S. ban on watch imports over patent dispute 02:07 The Biden administration let stand on Tuesday the U.S. International Trade Commission’s ban of imports of Apple Watches stemming from a patent dispute over the devices’ blood oxygen monitor. The decision goes into effect Tuesday. The technology…
New Jersey minimum wage to increase in new year New Jersey minimum wage to increase in new year 00:33 Higher minimum wages will go into effect on January 1 across 22 states, giving an economic boost to almost 10 million workers, according to a recent estimate. The higher baseline wages will deliver almost $7 billion…
Christmas Day flight delays, cancellations at Chicago airports Christmas Day flight delays, cancellations at Chicago airports 02:37 After thousands of U.S. flights were canceled or delayed over the holidays in 2022, most holiday travelers this year are off to a cheerier start this Christmas. But a few trouble spots were emerging on Christmas Day. Roughly…
Warning about gift card scams: what you need to know Warning about gift card scams: what you need to know 01:59 Gift cards can make for the perfect Christmas stocking stuffer — assuming people remember to use them. Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the…
Cummins Inc. has agreed to pay an over $1.67 billion penalty to settle claims by regulators that the engine manufacturer unlawfully altered hundreds of thousands of pickup truck engines to bypass emissions tests. According to the U.S. Justice Department, which announced the agreement in principle Thursday, Cummins’ alleged actions violated the Clear Air Act —…
Tips for last-minute holiday shopping Tips for last-minute holiday shopping 04:27 With the arrival of Christmas Eve inevitably comes the last-minute rush for gifts and ingredients for holiday meals. Before running out the door to buy those groceries or presents, you might want to check whether the retailers or grocery stores are open — and…
“Super Saturday” brings out droves of Christmas shoppers – CBS News Watch CBS News Shoppers were expected to turn out in huge numbers for the last Saturday before Christmas, known to retailers as “Super Saturday.” The National Retail Federation predicts 16 million more people will shop today than on the same day in 2017, the…
Wayfair’s chief executive sent a bracing year-end message to the furniture chain’s more than 14,000 employees: Work more. He emphasized that the company is “back to winning” as its market share grows and the company earns profits. In light of this success, CEO Niraj Shah encouraged employees to work such long hours that “work and…
Inflation fell in November for the first time since early 2020, when the COVID-19 pandemic was slamming the U.S. economy. The decline signals that the Federal Reserve’s flurry of interest rate hikes is continuing to put pressure on inflation, which hit a 40-year high last year. The Fed’s preferred measure of inflation, personal consumption expenditures…
Former New York City mayor and Donald Trump attorney Rudy Giuliani filed for bankruptcy Thursday, according to a court filing. Giuliani filed for Chapter 11 bankruptcy less than a week after a jury ordered him to pay $146 million in damages to Fulton County election workers Ruby Freeman and Shaye Moss, who sued him for…
Toyota recalls 1 million vehicles Toyota recalls 1 million vehicles over air bag issue 00:27 Honda is recalling more than 2.5 million cars because the fuel pump inside the fuel tank may fail, causing the vehicles to stall while driving and increasing the risk of a crash, according to the National Highway Traffic Safety Administration….
Washington — A Texas-based housing developer and mortgage lender is accused of targeting members of the Houston area’s Hispanic community by offering loans to people who could not pay them back, selling them land in disrepair and taking advantage of language barriers. Prosecutors allege Colony Ridge Development, LLC, and its subsidiaries carried out a predatory…
Living with diabetes, Carlton “PeeWee” Gautney Jr. relied on a digital device about the size of a deck of playing cards to pump insulin into his bloodstream. The pump, manufactured by device maker Medtronic, connected plastic tubing to an insulin reservoir, which Gautney set to release doses of the vital hormone over the course of…
Rite Aid is banned from using facial recognition surveillance technology for five years to settle Federal Trade Commission charges that it failed to protect consumers in hundreds of its stores, the agency said Tuesday. Rite Aid used a “covert surveillance program” based on AI to ID potential shoplifters from 2012 to 2020, the FTC said…
As the countdown to Christmas narrows to just 10 days, the United States Postal Service is issuing a last call to holiday gift senders. The cutoff date for USPS first-class mail is set for Saturday — marking a crucial deadline to ensure gifts arrive in time for the festive season. This December is especially busy for…
The founder of Nikola Corp. was sentenced Monday to four years in prison for his conviction for exaggerating claims about his company’s production of zero-emission 18-wheel trucks, causing investors to lose hundreds of thousands of dollars. Trevor Milton learned his fate in Manhattan federal court when Judge Edgardo Ramos announced the sentence, saying he believed…
Southwest Airlines will pay a $35 million fine as part of a $140 million agreement to settle a federal investigation into a meltdown in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays. Most of the settlement will go toward compensating future passengers, which the…
The Quaker Oats Company said Friday that it is recalling some granola bars and granola cereals sold across the U.S. because they could be contaminated with salmonella, a potentially lethal bacterium. See here for a full list of the recalled products, which were sold in all 50 U.S. states, Puerto Rico, Guam and Saipan, according…
Ways to secure a scholarship, as cost of college soars Ways to secure a scholarship, as cost of college soars 02:33 Getting into an Ivy League college or another elite university requires hard work from a student, including top grades, scores and stellar essays. But for some wealthy families, it takes a bit more to…
Rudy Giuliani followed his time in public service with a lucrative career in the private sector that turned him into a multimillionaire. But the former New York mayor now faces legal damages of $148 million in a defamation case filed by two Georgia election workers. A jury of eight Washington, D.C., residents ruled Giuliani must…
For those who thought Ozempic would spell the end of diet programs, think again. WeightWatchers this week launched WeightWatchers GLP-1, a subscription program focused on the health and nutrition needs of patients using Ozempic and Wegovy, two brands of semaglutide, a diabetes drug that has exploded in popularity for its effectiveness in helping people lose…
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