About 66 million seniors, disabled Americans and others rely on Social Security for monthly retirement income that can cover some, and often all, of their bills. But this year’s cost-of-living adjustment is lagging the highest inflation in 40 years, eating into seniors’ buying power. Many seniors are hoping that 2023 …
Read More »U.S. stocks return to red as markets deal with aggressive rate hikes
Stocks plunged on Wall Street Thursday as bond yields marched higher and put the squeeze back on markets. The S&P 500 dropped 79 points, or 2.1%, to 3,640. Nearly every stock in the benchmark index lost ground. The Dow Jones Industrial Average dropped 458 points, or 1.5%, to 29,225 and …
Read More »Home values plunge in some U.S. cities as mortgage rates rise
Some of the largest U.S. cities in the West have seen their home values plunge this summer, a trend that economists say favors house hunters. The typical home value dipped 0.3% nationwide from July to August and 0.1% from June to July, Zillow said in a report this week. It is …
Read More »Mushrooms sold in 15 states recalled over salmonella risks
Two varieties of packaged dried mushrooms sold across the U.S. are being recalled after a state department of health found salmonella in some of the packs. Manufacturer Tai Phat Wholesalers, which makes the potentially contaminated product, Three Golden Coins Dried Mushrooms, issued the recall after the Maryland Department of Health …
Read More »Airline staffing crisis raises concerns about pilot fatigue
A new report that two airline pilots fell asleep mid-flight and missed the plane’s landing has given the public a rare glimpse at life behind the cockpit doors in the era of COVID-19. A pair of Ethiopian Airlines pilots were napping simultaneously when they were supposed to be landing the …
Read More »Inflation Reduction Act could be “game
The Inflation Reduction Act (IRA) that President Biden signed into law Tuesday represents the most important effort in decades to reform how drug prices are set in the U.S. — the nation that spends more per capita on medicine than any other industrialized country. “This is going to be game-changing,” …
Read More »FCC cracks down on scam “auto warranty” robocalls
Sick of getting robocalls about your extended car warranty? So are the feds. The Federal Communications Commission this week ordered carriers to stop letting scammers use their telecom networks for auto-warranty scams, extending a crackdown on robocalls that has become the agency’s top priority. “Consumers are out of patience and …
Read More »Facebook Marketplace rife with banned, recalled products, regulator says
Facebook’s online marketplace is rife with banned and recalled products, according to the U.S. Consumer Product Safety Commission, which is calling on the social media giant to curtail the dangerous listings. The agency on Wednesday urged Meta, Facebook’s parent company, to use its “considerable resources and technological expertise” to identify …
Read More »Amazon Prime members get free Grubhub+ subscription for a year
Amazon Prime now comes with another perk: free food delivery for a year. Prime members will be offered a free one-year subscription to Grubhub+, a food delivery app through which consumers in more than 4,000 cities can order from a large network of restaurants with no delivery fees. “Prime already …
Read More »Daily Harvest says 470 people reported illness from recalled lentil meals
Daily Harvest is recalling a lentil and leek crumbles dish after receiving 470 reports of illness, including gastrointestinal issues and potential liver damage, the vegan food service disclosed in a notice posted Thursday by the Food and Drug Administration. Roughly 28,000 units of the recalled product were shipped to customers …
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