Tag Archives: MoneyWatch

Federal Reserve economists predict that turmoil after the collapse of several banks will cause a “mild recession” later this year, according to minutes of the Fed’s March meeting. That forecast has led Fed officials to envision fewer interest-rate increases this year, out of concern that banks will reduce their lending …

The last gas-powered muscle car from Dodge is making way for the age of the electric car, but not before leaving some serious rubber on the road.  The 2023 Challenger SRT Demon 170 will deliver 1,025 horsepower from its 6.2-liter supercharged V-8, and the automaker says it will be the …

Meta Chief Executive Officer Mark Zuckerberg on Tuesday said the company is laying off an additional 10,000 workers to hedge against economic instability that could persist for “many years.” The move is part of a number of steps, including slowing hiring and canceling some projects, that Meta is taking to …

What will it take to lure workers back to the office after years of remote work? One chief executive thinks he has the answer.  Seth Besmertnik, CEO of software company Conductor, recently signed a lease on New York City office space where free cold-brew coffee and beer are on tap …

Nissan is recalling more than 809,000 small SUVs in the U.S. and Canada because a key problem can cause the ignition to shut off while they’re being driven. The recall covers certain Rogues from the 2014 through 2020 model years, as well as Rogue Sports from 2017 through 2022. Nissan …

A Michigan man says he was left with a $1,000 bill after his 6-year-old son ordered a virtual smorgasbord of food from several restaurants last weekend, leading to a string of unexpected deliveries — and maybe a starring role in an ad campaign. Keith Stonehouse said the food piled up …

Amazon is ending a charity donation program it ran for a decade in its latest cost-cutting move. In a blog post on Wednesday, the company said the program, called AmazonSmile, will shut down by February 20 because it had “not grown to create the impact” the retailer had hoped. The …

Geico is off the hook, at least for now, from paying $5.2 million to a Missouri woman who alleged she contracted a sexually transmitted disease in a car insured by the company. The Missouri Supreme Court on Tuesday ruled unanimously to overturn a lower court’s ruling that favored paying the …

Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy …

A Kentucky office manager won $175,000 from a scratch-off lottery ticket that she received during her company’s white elephant gift exchange.  White elephant gift exchanges have a quirky set of rules: Typically, gifts are opened in a group, with players then able to “steal” gifts from other players.  That happened …