It’s not just you: More U.S. customers than ever before report experiencing product and service problems. That’s according to the National Customer Rage Survey, a study of 1,000 respondents that has its roots in an…
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Business
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DETROIT — General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to…
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Business
American Airlines CEO tells pilots the carrier is prepared to increase pay to up to $590,000 per year
American Airlines is prepared to raise pilot pay to match that of Delta’s, including 40% cumulative increases in a potential four-year deal, CEO Robert Isom said in a message to pilots. Last week, Delta became the first of the biggest…
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Reese’s Peanut Butter Cups are getting the vegan treatment. The Hershey Co. said Tuesday that Reese’s Plant Based Peanut Butter Cups, which go on sale this month, will be its first vegan chocolates sold nationally.…
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The Justice Department sued Tuesday 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 summer…
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Business
Jerome Powell says Fed is likely to 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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Ever check out of a hotel and notice a “transient occupancy tax” on your bill? Unfortunately for your wallet, the Biden administration’s crackdown on “junk fees” won’t do anything about it. But unlike some of…
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If you don’t quite know how to feel about the U.S. economy at the moment, you’re not alone. The highest inflation rates in four decades have caused U.S. consumers to turn sour on how they…
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Business
Feds investigating Tesla over complaints that steering wheels are falling off while driving
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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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…