Volkswagen is recalling more than 246,000 SUVs in the U.S. and Canada because faulty wiring harnesses can make them brake unexpectedly, sometimes while in traffic. The recall comes three days after The Associated Press reported that 47 people had complained to U.S. safety regulators about the problem, some reporting nearly …
Read More »Bed Bath & Beyond shares soar 40% on meme
The investment firm of billionaire Ryan Cohen has taken a large stake in Bed Bath & Beyond and is recommending that the struggling retailer sell all or part of its business. RC Ventures LLC has acquired a nearly 10% stake in Bed Bath & Beyond, according to a regulatory filing. …
Read More »Instacart donates $50,000 to help pay for funeral of slain worker
Instacart has donated $50,000 to help pay for the funeral of a worker fatally shot in Washington state. Justin Krumbah, 38, died and another person was critically injured after a gunman opened fire on Monday at a Fred Meyer grocery store in Richland, Washington. A suspect, Aaron Christopher Kelly, 39, was …
Read More »New York blows past $1.6 billion in mobile sports bets in first month
New Yorkers placed a record-breaking $1.6 billion worth of online sports bets in January, shattering a previous U.S. all-time tally set by Arizona for the highest opening sports betting handle. Figures released Friday show that New York also surpassed the one-month record set last year by neighboring New Jersey. The …
Read More »These athletes won (and lost) sports bettors the most money in 2021
Colts running back Jonathan Taylor, Buccaneers receiver Mike Evans and Rams wideout Cooper Kupp have not only been money on the football field this year, they’ve made lots of money for people who bet on them. Los Angeles Angels pitcher/slugger Shohei Ohtani not only regularly went deep on the diamond, …
Read More »MacKenzie Scott says she won’t disclose how much she donated
Billionaire philanthropist MacKenzie Scott said she won’t reveal how much she has given to charity since her last round of donations earlier this year, in an effort to reduce the attention she draws. Instead, she wrote a reflection on what philanthropy means in a blog post titled “No Dollar Signs …
Read More »Black Friday deals: Don’t expect deep online bargains this year
Holiday shoppers this year are forecast to spend $1 of every $4 this season buying things online, as ecommerce continues its relentless growth. Yet the really deep discounts often available in previous years are likely to be harder to track down, according to new research from Adobe. Products sold online …
Read More »Inflation jumped 6.2% in October, biggest monthly rise in 30 years
Inflation accelerated in October, with Americans facing sharply higher consumer prices as they head into the crucial holiday shopping season. That represents the steepest monthly rise in about 30 years. Consumer prices increased 6.2% from the year-ago period, slightly faster than their 5.4% increase the previous month, the Bureau of …
Read More »Storied General Electric to split into 3 public companies
General Electric, once one of the most widely held stocks in America by individual investors, will divide itself into three public firms focused on aviation, health care and energy. Founded in 1892 in part by storied inventor Thomas Edison, GE never fully recovered from the heavy damage it suffered during …
Read More »Jury awards $10 million to White hospital executive who claimed discrimination
A White man has been awarded $10 million by a federal jury that sided with his claim he was fired as part of a diversity effort by employer Novant Health. David Duvall, Novant’s senior vice president of marketing and communications, was terminated without any notice on July 30, 2018, by …
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