For many Americans planning a summer trip after COVID-19 scuttled vacation season the last two years, there remains a key financial question: Should I buy travel insurance? Consider a family of four living in Cleveland, Ohio, that must fly to Fort Lauderdale, Florida, to board a cruise bound for the Caribbean. …
Read More »“Cruel summer”: Gas could hit $6.20 per gallon nationally by August, analyst predicts
California drivers are grappling with the most expensive gas in the nation, shelling out an average $6.06 per gallon as of Thursday. That could soon be the fate of drivers in the rest of the nation, according to a JPMorgan analyst, who predicts the national average per gallon price could …
Read More »Lifestyle brand Lions Not Sheep falsely labels products as Made in USA, FTC says
The Federal Trade Commission is taking enforcement action against lifestyle brand Lions Not Sheep and owner Sean Whalen for sticking bogus “Made in USA” labels on products imported from China and other countries, the agency said Wednesday. The Bluffdale, Utah-based apparel company added the phony labels to T-shirts, sweatshirts, jackets …
Read More »Intuit to pay customers $141 million for misleading TurboTax ads
The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services, New York’s attorney general announced Wednesday. Under the terms of a settlement signed by the attorneys general of all 50 states, Mountain View, …
Read More »Harvard University to spend $100 million to redress its slavery ties
Harvard University said it is committing $100 million to study and redress the Ivy League institution’s historical ties to slavery, with a new report finding that early staff and faculty at the 386-year-old school once enslaved more than 70 people. Harvard President Larry Bacow announced the historic pledge on Tuesday, along …
Read More »Retail is plagued with workers making less than $15 an hour, despite employers’ rising profits
Thousands of workers in food service, hospitality and retail are still making below $15 an hour, including the majority of workers at big-box stores and discount retailers. That low wage stands in contrast to employer who rake in vast amounts of profit, according to a new survey from the left-leaning …
Read More »Feds sue TransUnion, calling it “unwilling or incapable” of operating lawfully
The Consumer Financial Protection Bureau is suing TransUnion and one of the credit reporting giant’s longtime executives for allegedly continuing to employ deceptive sales and marketing tactics. TransUnion tricked people into recurring payments after previously being fined for the activity, the consumer watchdog agency said Tuesday in a news release. …
Read More »Federal Reserve issues warning about “brewing U.S. housing bubble”
Homebuyers have faced a dilemma during the pandemic: Swallow rapid price increases and forgo typical steps like house inspections, or risk getting left out of the real estate market. Those dynamics have caused some observers to question whether the U.S. is repeating the housing bubble of the early 2000s, which …
Read More »Companies race to build “digital twins” in the metaverse
As the metaverse rapidly expands, major businesses and brands are picking up the tools needed to fill the virtual void and deliver immersive online experiences. Adobe, known for its photo- and video-editing software, released a “metaverse playbook” on Tuesday and announced partnerships with Coca Cola, NASCAR, Epic Games and NVIDIA on …
Read More »Price of love: Weddings in 2022 will cost couples more
Wedding industry pros are preparing for a banner year: An anticipated 2.5 million weddings — the most since 1984 — are expected to take place in the U.S. in 2022, according to market research firm The Wedding Report. With more couples committing to tying the knot as we enter …
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