Tag Archives: MoneyWatch

Inflation slowed in October, gauge closely tracked by the Fed shows

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. Thursday’s report from the Commerce Department showed that prices rose 6% …

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Survivor of Virginia Walmart mass shooting files $50M suit

A Walmart employee who survived last week’s mass shooting at a store in Virginia has filed a $50 million lawsuit against the company for allegedly continuing to employ the shooter — a store supervisor — “who had known propensities for violence, threats and strange behavior.” The lawsuit, which appears to …

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FAA flooded with complaints over shrinking airline seats: “Torture”

When it comes to the ever-shrinking size of airline seats and leg room, the flying public has a lot to say. In the three months since the Federal Aviation Administration asked for public feedback on airline seat sizes, the agency was flooded with 26,000 submissions ahead of Tuesday’s deadline to …

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Nielsen and Amazon Prime spar over football ratings

By the Nielsen company’s count, 7.8 million people watched Amazon Prime’s coverage of last Thursday’s NFL game between New Orleans and Arizona. But Amazon says no, there were actually 8.9 million people watching. So which is it? You’ll have to judge for yourself. After each of its Thursday night games …

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Inflation is pushing half of Americans to consider second jobs

Stubbornly high inflation is pushing more than half of American workers to consider taking a second job, according to a new study from technology company Qualtrics.  The survey of more than 1,000 adults with full-time jobs found that 38% have looked for a second job, while another 14% plan to …

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Brett Favre denies wrongdoing in Mississippi welfare fraud case

Brett Favre, the former NFL player who has been linked to allegations of welfare fraud in Mississippi, said this week that journalists and the public have the story wrong. “I have been unjustly smeared in the media,” Favre said in a statement Tuesday. “I have done nothing wrong, and it …

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Elon Musk’s plan to end Russian war infuriates Ukraine on Twitter

Elon Musk has gotten into a Twitter tussle with Ukrainian President Volodymyr Zelenskyy after the tech billionaire floated a divisive proposal to end Russia’s invasion. The Tesla CEO, who on Tuesday revived a $44 billion deal to take control of Twitter, argued in a tweet that to reach peace Russia …

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Americans struggle to pay utilities as energy prices surge

Millions of Americans are struggling to cope with rising electricity and natural gas prices as sky-high inflation continues to dent their finances. About 20% of U.S. households have missed or made a late payment on their utility bill in the last month, according to a recent Bank of America report. …

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FedEx to close stores and freeze hiring as demand slumps

FedEx said Thursday it is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought on by drop-off in its global package delivery business. The company based in Memphis, Tennessee, warned it will likely miss Wall Street’s profit target for its fiscal first quarter that …

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Texas judge rules HIV drug mandate violates religious freedom

A federal judge in Texas on Wednesday ruled that a provision in the Affordable Care Act that requires businesses to provide health insurance offering HIV-preventative drugs violates the religious freedom of a Christian-run business.  The ruling from U.S. District Judge Reed O’Connor focuses on claims from Braidwood Management, a Christian …

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