Costco’s hallmark $4.99 rotisserie chickens involve mistreated birds, two shareholders claim in a lawsuit filed this week in the retailer’s home state of Washington. The wholesale club opened a $450 million chicken processing plant in Nebraska in 2019 in an effort to control costs, and the suit filed Monday in …
Read More »Denver Broncos sale: Group led by Walmart heir Rob Walton agrees to buy NFL franchise for $4.65 billion
Englewood, Colo. — The Waltons, heirs to the Walmart fortune and America’s richest family, have won the bidding to purchase the Denver Broncos in the most expensive deal for a sports franchise anywhere in the world. The Broncos announced late Tuesday night they had entered into a sale agreement with …
Read More »Amazon accused of “obstructing” House probe into deadly warehouse collapse
Congressional Democrats are accusing Amazon of “obstructing” their investigation into the retailer’s labor practices during severe weather events. Members of the House Committee on Oversight and Reform have sent a letter to Amazon CEO Andy Jassy, saying the company has failed to produce materials requested more than two months ago. …
Read More »New York accuses 30 retailers of price
New York’s top prosecutor is cracking down on retailers who are overcharging for baby formula amid a nationwide shortage. State Attorney General Letitia James said Thursday she has sent cease-and-desist letters to 30 retailers that her office claimed were gouging consumers on the price of baby formula. The sellers consisted …
Read More »Ford recalls thousands of SUVs because engines might catch fire
Ford Motor Co. has asked the owners of 350,000 vehicles to take them into dealerships to be repaired under a three-pronged recall announcement. About 39,000 of those vehicles should be parked outdoors because their engines could catch fire, Ford said. The Michigan automaker said in U.S. government documents posted Thursday …
Read More »Some job posts are scams. Here’s how to avoid fake listings.
Scammers are posting fake job listings and taking money from unsuspecting applicants eager to make a quick buck, the Federal Trade Commission has been warning recently. Though these types of phony opportunities aren’t new, bad actors have become more creative and deceptive over time. They are even taking advantage of …
Read More »How to save money during periods of inflation — like right now
When it comes to spending power, inflation means that things cost more and that your money becomes less valuable. When a period of high inflation hits — like right now — you may want to consider changing up the way you handle your finances to help protect the value of …
Read More »U.S. stocks take sharp plunge ahead of major tech earnings
Stocks fell in Tuesday afternoon trading as markets remain turbulent amid a busy week of earnings from some of the nation’s biggest companies, including Microsoft and Apple. The S&P 500 closed down 2.8%. The Dow Jones Industrial Average fell 809 points, or 2.4%, to 33,240 and the Nasdaq plunged nearly …
Read More »Here’s where drivers are seeing the biggest breaks on gas prices
Gas prices remain near record highs, dinging wallets and budgets across the nation. But there are a few locations where drivers are getting some breaks and seeing prices fall — largely due to lawmakers who have suspended gas taxes in their states. The relief has been almost immediate in Maryland …
Read More »Tesla plans 2nd stock split in less than 2 years
Shares of Tesla jumped Monday after the electric car maker announced its second stock split in less than two years. The company said in a regulatory filing, and also in a tweet, that it plans to make a request at an upcoming annual shareholders meeting to increase its number of …
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