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Categories Business

Peloton recalls 2.2 million exercise bikes due to safety hazard

Author May 12, 2023

Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced. According to a Thursday

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Categories Business

Paramount brands to lay off 25% of U.S. staff as MTV News shuts down

Author May 12, 2023

Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of

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Categories Business

HSBC downgrades Anheuser-Busch InBev as it deals with a ‘Bud Light crisis’

Author May 11, 2023

It’s time to step to the sidelines on Anheuser-Busch InBev as it deals with a “Bud Light crisis,” according to HSBC. Analyst Carlos Laboy downgraded

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Categories Business

Consumer price growth falls to below 5% for the first time in two years

Author May 11, 2023

Consumer prices climbed 4.9% in April — the first time annual inflation has landed below 5% in two years. On a monthly

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Categories Business

Tempur Sealy is buying Mattress Firm for $4 billion

Author May 10, 2023

Tempur Sealy International said on Tuesday it would buy retailer Mattress Firm in a cash-and-stock deal valued at about $4 billion, as the

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Categories Business

More Americans are so worried about money, it’s hurting their mental health

Author May 10, 2023

Worries about money are taking a toll on Americans, leading to some negative impacts on their mental health. That’s according to a new

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Categories Business

Some TurboTax users will soon be getting settlement checks

Author May 8, 2023

Consumers who recently filed tax returns with TurboTax but were eligible for the Internal Revenue Service’s Free File program will soon start

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Categories Business

Flush with cash, the IRS is offering a more accurate picture of when the U.S. will hit debt ceiling

Author May 8, 2023

That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit. The funding increase has helped

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Categories Business

Warren Buffett says bank runs would have been ‘catastrophic’ without government intervention

Author May 8, 2023

Warren Buffett, chairman and CEO of Berkshire Hathaway, praised the government’s intervention in recent bank failures, saying on Saturday it averted what

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Categories Business

Debt limit debate endangers already fragile U.S. economic outlook

Author May 8, 2023

Congress and the White House barrel toward a June 1 deadline to resolve a debate over the debt ceiling, putting the credit

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