Tag Archives: MoneyWatch

Although inflation has fallen for seven straight months, prices for one item that is a major part of every American’s budget continues to rise: the food we eat at home. Grocery inflation picked up in January, even as overall U.S. prices fell slightly from the previous month, according to federal …

Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production of the Mach-E this year and is taking advantage of streamlined costs to reduce prices across the board, it said …

With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging. U.S. Sen. Jack Reed sent a letter Tuesday asking the Federal Trade Commission to investigate whether egg prices have been improperly manipulated by producers. A farmer-led advocacy group called Farm Action made …

Unsure about that gift you got over Christmas? You’d better make up your mind fast. Holiday returns are becoming more challenging this year, as many retailers pull back after years of encouraging holiday spending. “They’re shrinking the returns window, and they’re increasingly making you pay to ship it back,” Charisse …

Attorneys for the U.S. bankruptcy trustee in Delaware and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public. At a hearing Friday, the judge presiding over FTX’s bankruptcy granted a motion by The Financial Times, …

An Olive Garden restaurant manager is out of a job for threatening workers for taking time off, saying those with illnesses or whose pets have died would “need to come prove it to us.” Staff at the Olive Garden in Overland Park, Kansas, were recently reprimanded by their manager for …

The Laundress is recalling more than eight million laundry and cleaning products sold online and at stores nationwide because they may be contaminated with bacteria.  The pricey and environmentally conscious brand found different types of bacteria in testing some of its products, the Unilever subsidiary said Thursday in a recall …

The Biden Administration’s plan to provide up to $20,000 in loan relief for student borrowers is now halted after a federal judge in Texas blocked the program and declared it “unlawful,” raising questions and financial uncertainty for the roughly 40 million Americans who qualify for debt forgiveness.  Already, 26 million …

New York — A federal judge has blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.” The ruling was a victory for the Biden administration’s tougher approach to …

About 40 million Americans with student debt are now in limbo following an appeals court’s stay on Friday that put a halt — for now — to President Biden’s student loan forgiveness program.  Already, 22 million people have applied to the program — designed to forgive as much as $20,000 …