The S&P 500 rose Monday to notch its best day since June 5 as tech shares bounced on the heels of the worst weekly loss for the index since April. The benchmark climbed 1.08% to settle at…
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Business
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Bissell is voluntarily recalling 3.2 million Steam Shot-style handheld steam cleaners after it received 183 reports of injuries, most of them minor burns. In a release on the Consumer Product Safety Commission’s website, Bissell said…
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McDonald’s will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets as the fast-food giant says the offer is driving traffic back to restaurants. In a memo to the…
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LONDON — Boeing’s output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead of a major air show on Sunday, while admitting that the manufacturer has “disappointed”…
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Business
Delta cancels hundreds more flights as its recovery from global CrowdStrike-Microsoft outage lags
Delta Air Lines CEO Ed Bastian apologized and offered frequent flyer miles to travelers for thousands of flight cancellations as the carrier struggled to recover from Friday’s globe-spanning IT outage, disruptions that sparked criticism from Transportation Secretary…
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People aren’t boosting their savings much even as wages rise and inflation slows. Households socked away about 3.9% of their disposable income as of May, the latest federal data shows, down from 5.3% in May…
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Business
Federal Reserve fines Walmart-linked Green Dot Corp $44 million after customers lost access to funds
Green Dot Corp., a company that partners with Walmart to sell prepaid debit cards at the retail giant, has been fined $44 million by the Federal Reserve for ‘numerous’ alleged failures that harmed consumers over…
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A software failure in the web that makes up the global supply chain threatens to disrupt daily commerce for an indefinite period, showing how widespread reliance on the same system can create a worldwide crisis…
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A fault with an update issued by cybersecurity company CrowdStrike led to a cascading effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks and health care providers saw…
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Business
With corners of the media industry in upheaval, Netflix makes clear it’s staying out of the fray
Netflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros. Discovery is considering all options for its future and may lose broadcast rights to the NBA.…