Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday.
Category Archives: business
Trump’s potential running mates pile on judge and jury after guilty verdict
Kristi Noem, Marco Rubio, JD Vance, Doug Burgum and other vice presidential contenders leaped to defend Donald Trump on social media after his guilty verdict.
Donald Trump was convicted on felony charges. Will he go to prison?
A New York jury’s historic conviction of Donald Trump on felony charges means his fate is now in the hands of the judge he has repeatedly ripped as “corrupt” and “incompetent.”
Department of Education vows ‘full-scale review’ of financial aid office after FAFSA debacle
Education Secretary Miguel Cardona promises “transformational changes” after technical issues caused months of delays and errors with the overhauled aid form.
Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan.
Pending home sales in April slump to lowest level since the start of the pandemic
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors.
IRS announces Direct File as permanent free tax-filing option starting next year
The IRS announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become a permanent option starting next year.
N.Y. Fed President John Williams says inflation is too high but will start coming down soon
New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it will start decelerating later this year.
Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds
The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard.
Orange juice prices are going through the roof — forcing some makers to consider alternative fruits
Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits.