When Peloton unveiled its 2019 holiday commercial depicting a husband who gifted his wife a stationary bike for Christmas, the ad was widely panned as sexist, dystopian and reminiscent of a hostage video. People took umbrage at the commercial’s…
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Business
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Netflix’s crackdown on password sharing has come to the U.S. The streaming service said it began alerting members on Tuesday about its new sharing policy, noting that Netflix accounts are only to be shared within…
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Target is recalling five million scented candles because their glass encasings could break, posing a safety hazard. According to a statement on the Consumer Product Safety Commission’s website, the affected Threshold Glass Jar Candles can…
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Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate…
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Hyundai Motor and Kia Corp. agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said on Thursday. In February, the…
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Business
Couples 55 and older will be able to contribute more than $10,000 to health savings accounts
Older U.S. couples will be able contribute more than $10,000 annually toward tax-free health savings accounts. Under guidance the IRS announced Tuesday that goes into effect next year, individuals can contribute as much as $4,150…
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Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO Bob Iger, Josh D’Amaro, chairman…
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Business
Target wrestles with pullback in spending and theft that may cost it more than $1B this year
Target on Wednesday reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period. The Minneapolis company is dealing with rising costs, which includes rising theft as a big…
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Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO Bob Iger, Josh D’Amaro, chairman…
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Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark. Too many businesses and others refer to…