U.S. auto safety regulators have opened an investigation into Tesla’s Model Y SUV after getting two complaints that the steering wheels can come off while being driven. The National Highway Traffic Safety Administration says the…
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Business
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The maker of Purely Soothing eyedrops is recalling two lots of the product because they were not sterilized. As of last week, Phoenix-based Pharmedica USA LLC said it had not received any reports of adverse…
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Business
Jerome Powell says Fed will likely speed up interest rate hikes if the economy keeps roaring
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that policymakers may have to speed up their interest rate hikes to tame high inflation. With prices continuing to rise at a yearly pace of 6.4%, according…
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The Justice Department on Tuesday sued to block JetBlue Airways’ $3.8 billion proposed takeover of budget carrier Spirit Airlines, the Biden administration’s latest attempt to prevent industry consolidation. Spirit Airlines agreed to sell itself to JetBlue last…
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Toblerone chocolate packaging will no longer feature Switzerland’s iconic Matterhorn mountain, as its U.S. owner Mondelez moves some production to Slovakia later this year. The company will also remove a reference to Toblerone being “Swiss chocolate,” instead…
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School cafeterias are in crisis. Some school districts are serving more finger foods because they can’t always buy plastic utensils. One is using a federal voucher to subsidize the cheese on its pizzas. Another is…
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School cafeterias are in crisis. Some school districts are serving more finger foods because they can’t always buy plastic utensils. One is using a federal voucher to subsidize the cheese on its pizzas. Another is…
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Ice cream lovers: If you like a little savory with your sweet, Baskin-Robbins has a new flavor coming your way. The ice cream purveyor is debuting what it calls Chick’n & Waffles as its latest…
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After briefly spiking amid pandemic lockdowns, the rate of U.S. homeownership has stabilized at approximately 66%, a solid increase from the post-Great-Recession-low of 63% reached in 2016. Yet over the past decade, the gap in…
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Business
TD Bank agrees to pay $1.2 billion settlement over alleged role in infamous $7.2 billion Texas Ponzi scheme
TD Bank Group announced Monday that it had agreed to a $1.21 billion settlement relating to its alleged role in a $7.2 billion Ponzi scheme involving disgraced Texas financier Allen Stanford. Under the terms of…