After exit of Claudine Gay, Bill Ackman paints bull’s-eye on diversity programs
Billionaire hedge fund manager Bill Ackman, a ringleader in the campaign to oust former Harvard University President Claudine Gay, is…
Category: Finance
Ford recalls nearly 113,000 F-150 pickups over rear axle problem
Ford Motor Company has recalled nearly 113,000 F-150 pickup trucks over concerns a rear axle hub could break off, causing…
Elon Musk’s X worth 71.5% less than it was when he bought the platform in 2022, Fidelity says
X, the social media platform formerly known as Twitter, is now worth an estimated 71.5% less than it was when…
Gas prices fall under 3 bucks a gallon at majority of U.S. stations
Gas prices down this holiday season Gas prices down this holiday season 00:32 Cheaper gasoline prices may help folks recover…
These were some of the most potentially dangerous products recalled in 2023
Although U.S. consumers buy products on the assumption that they are safe, potentially dangerous items often make it past regulators…
The FAFSA for the 2024-25 academic year is arriving. Some big changes may impact your student’s financial aid.
The college financial aid form filled out annually by millions of families is getting an overhaul. The new version is…
Consulting firm McKinsey agrees to $78 million settlement with insurers over opioids
Consulting firm McKinsey and Co. has agreed to pay $78 million to settle claims from insurers and health care funds…
What’s open on New Year’s Eve? Stores, restaurants and fast food places ringing in 2024 with open doors.
Designing the iconic New Year’s Eve ball Master craftsman on designing the iconic New Year’s Eve ball in Times Square…
2023 a mixed bag for Wall Street, U.S. economy
2023 a mixed bag for Wall Street, U.S. economy – CBS News Watch CBS News It has been a blockbuster…
Feds say they won’t bring second trial against Sam Bankman-Fried
A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury…
Magnetic balls sold by Walmart recalled due to choking and injury risks to kids
High-powered magnetic balls sold by Walmart are being recalled because similar products have led to serious injuries and even death…
Chick-fil-A rest stop locations should stay open on Sundays, some New York lawmakers argue
Bill would require some N.Y. Chick-fil-A locations to open on Sundays Bill would require some N.Y. Chick-fil-A locations to open…
Social media apps made $11 billion from children and teens in 2022
When it comes to children’s mental health and privacy, their loss translates into massive gains for social media companies: $11…
New Year’s Eve partiers paying up to $12,500 to ring in 2024 at Times Square locations of chain restaurants
Times Square New Year’s Eve Bal gets a makover Times Square New Year’s Eve Bal gets a makover 00:33 Some…
Apple Watch ban is put on hold by appeals court
Apple appeals import ban on new Apple Watch Apple appeals ban on U.S. sale of its newest versions of Apple…
Biden administration allows ban on some Apple Watch imports to take hold
Apple appeals U.S. ban on watch imports Apple appeals U.S. ban on watch imports over patent dispute 02:07 The Biden…
Almost 10 million workers in 22 states will get raises on January 1. See where wages are rising.
New Jersey minimum wage to increase in new year New Jersey minimum wage to increase in new year 00:33 Higher…
Southwest Airlines cancels hundreds of flights, disrupting some holiday travelers
Christmas Day flight delays, cancellations at Chicago airports Christmas Day flight delays, cancellations at Chicago airports 02:37 After thousands of…
New movies open on Christmas as “Aquaman” sequel tops holiday weekend box office
A look at your new movie options this holiday season A look at your new movie options this holiday season…
Hermès scion wants to leave fortune to his ex-gardener. These people also chose unexpected heirs.
Nicolas Puech, a descendent of France’s Hermès family, one of the richest clans in Europe, has expressed his wish to…
What’s open on Christmas Eve 2023? See the hours for major stores and restaurants.
Tips for last-minute holiday shopping Tips for last-minute holiday shopping 04:27 With the arrival of Christmas Eve inevitably comes the…
“Super Saturday” brings out droves of Christmas shoppers
“Super Saturday” brings out droves of Christmas shoppers – CBS News Watch CBS News Shoppers were expected to turn out…
Cummins agrees to pay record $1.67 billion penalty for modified engines that created excess emissions
Cummins Inc. has agreed to pay an over $1.67 billion penalty to settle claims by regulators that the engine manufacturer…
Wayfair CEO’s holiday message to employees: Work harder
Wayfair’s chief executive sent a bracing year-end message to the furniture chain’s more than 14,000 employees: Work more. He emphasized…
Tesla recalls more than 120,000 vehicles because doors can unlatch in a crash
Tesla is recalling 120,423 vehicles because the doors can unlatch and open in a crash, heightening the risk of injury,…
Honda recalls 2.5 million cars because of stalling risk. See if your car is one of them.
Honda recalls 2.5 million vehicles Honda recalls 2.5 million vehicles over fuel pump issue 00:21 Honda is recalling more than…
Rudy Giuliani files for bankruptcy following $148 million defamation suit judgment
Giuliani ordered to pay two election workers Rudy Giuliani ordered to pay two Georgia election workers $148 million 02:17 Former…
Toyota recalls 1 million Toyota and Lexus vehicles because air bag may not deploy properly
Toyota recalls 1 million vehicles Toyota recalls 1 million vehicles over air bag issue 00:27 Toyota is recalling roughly 1…
Honda recalls 106,000 CR-V hybrid SUVs because of potential fire risk. Here’s what to know.
Honda Motor’s U.S. unit is recalling roughly 106,000 CR-V hybrid sport utility vehicles because of a battery cable problem that…
Rite Aid “covert surveillance program” falsely ID’d customers as shoplifters, FTC says
Rite Aid is banned from using facial recognition surveillance technology for five years to settle Federal Trade Commission charges that…
Monsanto ordered to pay $857 million to Washington school students and parent volunteers over toxic PCBs
Monsanto on Monday was ordered to pay $857 million to a group of seven former students and parent volunteers at…
Southwest Airlines in $140 million deal with feds over 2022 holiday travel meltdown
Southwest Airlines will pay a $35 million fine as part of a $140 million agreement to settle a federal investigation…
Jimmy Lai, Hong Kong media mogul and free speech advocate who challenged China, goes on trial
Jimmy Lai, a media tycoon and champion of free speech and democracy, went on trial in Hong Kong Monday after…
Delta adds flights to Austin, Texas, as airlines compete in emerging hub
Delta Air Lines is expanding its flights at Austin-Bergstrom International Airport in Texas, an increasingly important travel gateway for U.S.…
Homelessness in America reaches record level amid rising rents and end of COVID aid
Homelessness in America reached a new record earlier this year partly due to a “sharp rise” in the number of…
Quaker Oats recalls some granola bars and cereals nationwide over salmonella risk
The Quaker Oats Company said Friday that it is recalling some granola bars and granola cereals sold across the U.S.…
What does it take to get into an Ivy League college? For some students, a $750,000 consultant.
Ways to secure a scholarship, as cost of college soars Ways to secure a scholarship, as cost of college soars…
What is Rudy Giuliani’s net worth in 2023? Here’s a look into his assets amid defamation trial.
Rudy Giuliani followed his time in public service with a lucrative career in the private sector that turned him into…
Shipping companies announce crucial deadlines for holiday shipping: “Time is running out”
As the countdown to Christmas narrows to just 10 days, the United States Postal Service is issuing a last call…
Offshore wind farm projects face major hurdles amid tough economic climate
Long Island, New York — Thirty-five miles off the coast of Long Island, an 800-foot tall wind turbine made history…
1 in 5 seniors still work — and they’re happier than younger workers
As Americans age, that demographic change is also impacting the workforce, with a new Pew Research Center analysis finding that…
Drive a Tesla? Here’s what to know about the latest Autopilot recall.
If you own or drive a Tesla, your vehicle’s software is likely in need of a required safety update. The…
Tesla recalling more than 2 million vehicles to fix Autopilot safety problem
Detroit — Tesla is recalling more than 2 million vehicles across its model lineup to fix a defective system that’s…
UAW accuses Honda, Hyundai and VW of union-busting
UAW to organize workers at all US nonunion factories after winning new contracts in Detroit UAW to organize workers at…
Inflation eased in November as gas prices fell
U.S. consumer inflation moderated in November as gas prices fell, illustrating a further cooling of most costs and bolstering the…
Google’s Android app store benefits from anticompetitive barriers, jury in Epic Games lawsuit says
A federal court jury has decided that Google’s Android app store has been protected by anticompetitive barriers that have damaged…
Tucker Carlson says he’s launching his own paid streaming service
Tucker Carlson is debuting his own subscription streaming service called the Tucker Carlson Network, with the former Fox News host…
CBS News poll finds Americans feel inflation’s impact on living standards, opportunities
Inflation’s impact may even go beyond the immediate pressure on Americans’ pocketbooks, to a larger sense that it is stifling…
Consumer spending will be merry and bright this holiday season, economists predict
Consumer spending will be merry and bright this holiday season, economists predict – CBS News Watch CBS News After a…
McDonald’s is opening a new chain called CosMc’s. Here are the locations and menu.
McDonald’s said it is opening a new chain called CosMc’s that will focus on coffee and other drinks, a step…
Taylor Swift sets record as Eras Tour is first to gross over $1 billion, Pollstar says
It’s been a good year for Taylor Swift. Swift’s Eras Tour is the first tour to cross the billion-dollar mark,…
Lobbying group overstated how much “organized” shoplifting hurt retailers
A national trade group representing retailers incorrectly attributed half of all industry losses two years ago to organized shoplifting, raising…
U.S. economy added 199,000 jobs in November, signaling a still-robust labor market
Study: Top companies for employee growth New study reveals top companies for employee growth 04:55 The U.S. economy added 199,000…
The U.S. economy has a new twist: Deflation. Here’s what it means.
After grappling with high inflation for more than two years, American consumers are now seeing an economic trend that many…
Senators probe private equity hospital deals following CBS News investigation
The top Democrat and Republican on a powerful Senate committee launched a wide-ranging investigation into private equity’s impact on the…
Facebook and Instagram are steering child predators to kids, New Mexico AG alleges
Facebook and Instagram are steering children to explicit content even when no interest is expressed, and are enabling child predators…
These were top campaign themes on GoFundMe in 2023
Since launching in 2010, GoFundMe has become a widely used crowdfunding platform where people can solicit donations for a variety…
When is the Christmas shipping deadline for 2023? See the last days to order and mail packages.
Retailers telling customers to keep returns Retailers letting customers keep unwanted items and refunding them anyway 03:32 The holiday shopping…
More U.S. companies no longer requiring job seekers to have a college degree
Employers across a range of industries are dropping a job requirement once considered a ticket to a higher paying job…
The crypto industry is in the dumps. So why is bitcoin suddenly flying high?
Although the cryptocurrency industry remains shadowed by recent blowups and controversy, the world’s most important token — bitcoin — is…
Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal
Alaska Airlines has reached a deal to buy Hawaiian Airlines, the company announced Sunday. Alaska Air Group, Inc. will pay…
It’s been a brutal year for homebuyers. Here’s what experts predict for 2024, from mortgage rates to prices.
New real estate data shows sellers incurring more losses, sales down New real estate data shows sellers incurring more losses,…
Wall Street’s big gains has investors bullish
Wall Street’s big gains has investors bullish – CBS News Watch CBS News The Dow Jones Industrial Average on Friday…
What to know about the widening cantaloupe recall over deadly salmonella risks
Consumers who eat cantaloupe are advised to be on high alert following a spate of government warnings over a deadly…
Auto industry eyes subscription fees as future multi-billion-dollar revenue stream
Los Angeles — Jason Luu’s 2020 Volvo XC90 has state-of-the-art remote features, such as the ability to start and stop…
Walmart says it has stopped advertising on Elon Musk’s X platform
Walmart said Friday that it is scaling back its advertising on X, the social media company formerly known as Twitter,…
Dow jumps 520 points as investors cheer inflation slowdown
Rate hike pause could be good for your 401(k) How rate hike pause could be good news for investment plans…
Tesla’s new Cybertruck, starting at $60,990, has arrived
Tesla CEO Elon Musk handed the keys to the nation’s first handful of Cybertruck owners on Thursday during a company…
Elon Musk says advertiser boycott at X could “kill the company”
Elon Musk faces backlash over X post Elon Musk faces backlash from lawmakers, companies over endorsement of antisemitic X post…
Electric vehicles have almost 80% more problems than gas-powered ones, Consumer Reports says
Electric vehicles have nearly 80% more problems and are generally less reliable than cars propelled by conventional internal combustion engines,…
Sports Illustrated owner denies using AI and fake writers to produce articles
The corporate owner of Sports Illustrated is denying a report that the famed publication produced articles written by artificial intelligence…
Charlie Munger, Warren Buffett’s right-hand man at Berkshire Hathaway, dies at 99
Charlie Munger, long regarded as CEO Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died…