Stocks dropped on Thursday, as tensions escalated in Ukraine over Russia’s decision to send forces into that nation’s eastern regions and as the U.S. and its western allies move to retaliate with sanctions. The S&P 500 fell 44 points, or 1%, to 4,304.83, pushing the benchmark index into correction territory, …
Read More »Weber grill maker apologizes for poorly timed meatloaf recipe
Weber picked the wrong day to suggest grilling meatloaf. The outdoor grill maker apologized on Friday for sending a recipe-of-the-week email earlier that day featuring instructions on how to prepare “BBQ Meat Loaf.” The email coincided with news of the death of Marvin Lee Aday, best known as rock superstar Meat …
Read More »Q&A: Yasmin Dahya Bilger of Engine No. 1 on shaking up Exxon and the index fund world
Few had heard of Engine No. 1 until it shocked corporate America this year by pushing Exxon Mobil to revamp its board of directors, in part to focus more on clean energy. Now it’s bringing its active-ownership approach to the world of stock index funds, which sit at the heart …
Read More »Starbucks workers vote on union in upstate New York
Starbucks workers in upstate New York are casting ballots on whether to join a union, a move that would be a first for the coffee chain’s more than 8,000 company-owned stores in the U.S. More than 80 baristas and shift supervisors from three Buffalo-area stores have been voting by mail …
Read More »Apple will allow customers to repair their own iPhones
Apple says its customers will soon be able to repair their own devices using authentic Apple parts, tools and guides — a sharp turnaround for a company that has long been protective of its hardware. The company announced on Wednesday that a new self-service repair program launching in early 2022 …
Read More »Ransomware gang says it hacked the National Rifle Association
A ransomware gang believed to operate out of Russia says it hacked the National Rifle Association, the most powerful gun-rights group in the United States. The gang, which calls itself Grief, published a handful of what appear to be the NRA files on a so-called dark web site. The files, …
Read More »U.S. Treasury amends proposal to monitor bank accounts and report to IRS, raising threshold to $10,000
The U.S. Treasury is amending a plan to track more Americans’ bank accounts to limit tax evasion by the wealthy after the proposal garnered severe pushback from the finance industry and conservative politicians. Under the proposal, first introduced in May, banks would report to the Internal Revenue Service several new …
Read More »FTC “right to repair” policy to go after product
Americans would be freer to repair their broken cellphones, computers and videogame consoles themselves, or to use independent repair shops, under changes being eyed by federal regulators. The regulators maintain that restrictions have steered consumers into manufacturers’ and sellers’ repair networks or led them to replace pricey electronics and other …
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