MoneyWatch

Three former executives of a company that makes machines that test lead levels in humans deliberately concealed a problem with the devices that produced falsely low results for tens of thousands of children, federal prosecutors alleged on Wednesday. The children, as well as pregnant people and others, faced serious health …

Timeshares, which allow individuals and families to split ownership of vacation homes, can appear enticing, but almost always come with strings attached as well as hidden red flags. Fractional ownership models can seem tempting: Buyers effectively purchase rights to use a second home for a given length of time every …

Former Starbucks CEO Howard Schultz traded barbs with Senator Bernie Sanders and other Democratic lawmakers on Wednesday at a congressional hearing on allegations of union-busting at the coffee chain. Sanders, an independent from Vermont, opened the hearing by stating, “Starbucks has become the most aggressive union-busting company in America,” an …

Foot Locker plans to shutter more than 400 of its in-mall stores as it pivots its business strategy to connect with niche markets. The store closures are part of the company’s “Lace Up” plan to “reset” its business and grow its total revenue to $9.5 billion by 2026, Foot Locker …

Sotheby’s is slated to sell one of the most valuable collection of individual sneakers ever brought to market. The so-called “The Dynasty Collection” consists of six single Air Jordan sneakers, each of which was worn by NBA star Michael Jordan in the championship games that clinched titles for the Chicago …

After gas prices in California soared to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he said is “ripping you off.” Months later, however, it’s not clear if California’s Legislature is following him. Newsom, a Democrat, called lawmakers into a rare special …

The economy may be showing signs of weakness, with consumer spending wobbling and home purchases sinking on higher borrowing costs, but there’s one economic pillar that isn’t slowing down yet: the job market. Friday’s jobs report “crushed” expectations with 517,000 new jobs created in January, as Josh Jamner, investment strategy …

Among the many ways the pandemic has affected the American workplace is the trend in “quiet quitting,” in which employees set more boundaries at work and generally dial back their efforts on the job. And one group in particular is leading the charge in pulling back: College-educated, highly paid men.  …

An overnight computer outage at the Federal Aviation Administration has scrambled travelers’ plans, leading to thousands of delayed flights on Wednesday. The FAA halted all flight departures from the U.S. shortly after 7 a.m. Eastern time, when a system called NOTAM, which offers safety and other information to pilots, broke …

Shares of Tesla tumbled Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. The electric vehicle and solar panel maker’s stock fell more than 12% to close at $108.10 — its lowest level since August of 2020. The shares …