MoneyWatch

U.S. gas prices top $4 a gallon for first time since 2008

The average cost for a gallon of regular gasoline has surpassed $4 per gallon for the first time since 2008.  “As Russia’s war on Ukraine continues to evolve and we head into a season where gas prices typically increase, Americans should prepare to pay more for gas than they ever …

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Big win for animal welfare as U.S. egg producers go cage

Without much fuss and even less public attention, the nation’s egg producers are in the midst of a multibillion-dollar shift to cage-free eggs that is dramatically changing the lives of millions of hens in response to new laws and demands from restaurant chains. In a decade, the percentage of hens in cage-free …

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Lawmakers press IRS to drop controversial selfie software ID.me

Lawmakers are urging the IRS to scrap its deal with ID.me, the face-recognition company that promises to verify taxpayers’ identities with a selfie. Four congressional Democrats wrote to IRS Commissioner Chuck Rettig on Monday urging the agency to pause its use of facial-recognition technology for taxpayers logging into their IRS.gov accounts, …

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Stocks climb higher as markets bounce back from January’s slide

Stocks rose in early trading on Wednesday as investors were cheered by strong earnings from Alphabet and the company’s plan to split its stock for the first time since 2014. The gains come after the market rose on Tuesday as markets try to bounce back from January’s slide.  The broad-based …

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Federal lawsuit accuses 16 elite universities of fixing prices and courting wealthy families

Some of America’s most elite colleges face a lawsuit accusing them of fixing prices, minimizing financial aid for students and inflating their cost of attendance to maintain their reputation for exclusivity. The litigation, filed Sunday in federal court in the Northeast District of Illinois, alleges that 16 schools colluded to …

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Ousted McDonald’s CEO returns $105 million after lying about misconduct

Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive. “During my tenure as CEO, I failed at times to uphold …

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Nissan to invest $17.6 billion over next five years on proprietary battery development

Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years on developing a less expensive yet more powerful battery to boost its electric vehicle lineup. Makoto Uchida, the Japanese automaker’s chief executive, said 15 new electric vehicles will be available by fiscal 2030. Nissan …

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Small SUVs fare poorly in new, tougher side

A new, more rigorous side-impact crash test from the Insurance Institute for Highway Safety (IIHS) shows there’s room for improvement in the safety of small SUVS, though cars, trucks and SUVs in general are safer than ever. When the IIHS rolled out its first side crash test in 2003, only …

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How much does a float in Macy’s 2019 Thanksgiving Day Parade cost?

A holiday tradition, the 93rd annual Macy’s Thanksgiving Day Parade was held the morning of Thanksgiving, November 28. Known for its larger-than-life parade float ideas, the world-famous procession kicked off at 9 a.m. sharp in New York City. Creating a truly fantastic parade float is never cheap or easy, but …

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