Earlier this month in Noel, Missouri — population 2,124 — Tyson Foods hosted a job fair for the 1,500 chicken plant workers it plans to lay off in two months. David Handy, a union steward…
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Business
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Business
More Green Dot Bank customers say they can’t access their funds, causing financial distress
Like many customers of Green Dot Bank, Texas resident Sheldon Ransom first encountered the online banking company through TurboTax, in the form of a stimulus check. Though perhaps not a household name, Green Dot, headquartered…
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DETROIT — United Auto Workers members overwhelmingly granted union leaders authorization to strike during ongoing contract negotiations with General Motors, Ford Motor and Stellantis, if warranted. The union on Friday said an average of 97% of combined members at…
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Business
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. While acknowledging that progress has been made, the central bank…
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Spirit Airlines has agreed to pay up to $8.25 million to settle a class action lawsuit by passengers who said the low-cost carrier blindsided them with surprise carry-on bag fees on tickets bought through third-party…
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Business
Southwest Airlines is now limiting a service that lets passengers buy a better spot in the boarding line
Southwest Airlines is changing its unusual boarding system by limiting the opportunity to pay an extra fee and jump ahead of other passengers in the race for the best seats. The airline said Wednesday that…
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Business
Recalled products linked to more than 100 infant deaths are still for sale on Facebook, lawmakers say
Recalled baby products linked to more than 100 infant deaths are still widely sold on Facebook Marketplace despite thousands of requests from federal regulators to take down the items, four members of Congress said. In a letter…
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Business
Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell short of analysts’…
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Business
Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month
Car shoppers are paying more than ever to finance new vehicles — and pickup trucks are driving up the average cost in at least two states. More than 1 in 4 car shoppers in Texas and Wyoming…
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Business
Peloton shares fall after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell short of analysts’…