Tag Archives: MoneyWatch

Amazon is shutting down the hybrid virtual, in-home care service it’s spent years developing, a surprising move that underscores the challenges it faces as it moves into health care. The service, called Amazon Care, will end by Dec. 31, according to an email sent to staff by Neil Lindsay, senior …

Federal Reserve officials saw signs that the U.S. economy was slowing at their last meeting, when the central bank hiked interest rates by a sizable three-quarters of a percentage point. Despite the slowdown, inflation remained “unacceptably high,” officials said, leading to the fourth interest rate hike this year.  In minutes …

A Wingstop franchise business owned by rapper Rick Ross and his family has paid $114,427 for labor violations at five locations in Mississippi, with the Miami artist vowing on Wednesday that the missteps wouldn’t happen again.  Decked out in a Balmain sweater and diamond-laden necklace, Ross acknowledged the violations on …

The Walt Disney Co. blew past estimates and added 14.4 million Disney+ streaming subscribers in the latest quarter.  As of July, the streamer had just over 152 million paid subscribers.  In total, Disney streaming services, comprised of Disney+, Hotstar, Hulu and ESPN+, now have more than 221 million subscribers worldwide. …

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. Job openings fell to a still-high 10.7 million in June from 11.3 million in May, the Labor Department said Tuesday. In its monthly Job Openings and Labor Turnover Survey, the Labor …

The government and publishing titan Penguin Random House are set to exchange opening salvos in a federal antitrust trial Monday as the Department of Justice seeks to block the biggest U.S. book publisher from absorbing rival Simon & Schuster.  At a time of mega-mergers and flashy high-tech corporate hookups, the …

As Americans grapple with the stiffest inflation in 40 years, many workers may ponder another milestone today: It’s been exactly 13 years since the last time the U.S. raised the federal minimum wage.  That’s the longest time the baseline wage has stayed flat since the nation first implemented a minimum …

Twitter’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but powerful Delaware court that specializes in high-stakes business disputes. Twitter has sued Musk in Delaware’s Court of Chancery in an effort to force him …

American motorists are getting a measure of relief at the gas pump, with the cost of filling up sliding for a second consecutive week as oil prices tumble.  The national average on Tuesday stood at $4.88 for a gallon of regular, down nearly 9 cents from a week ago, according …

The popular Seresto flea-and-tick collar should be recalled following research showing the roughly $70 device poses risks to pets and their owners, according to a new congressional report. The findings link the collar to almost 100,000 incidents and 2,500 pet deaths.  Almost 34 million of the collars have been sold …