Tag Archives: MoneyWatch

Here’s how much electricity prices have surged in parts of New England this winter: For some drivers of electric vehicles and hybrid cars, it’s now more expensive to charge up than to fill up. Power rates across the region have jumped an average of 30% since last summer, while gasoline …

A federal grand jury in Los Angeles is gathering evidence in a criminal investigation of Goodyear recreational vehicle tires that the government blames for crashes that killed eight people and injured dozens of others. The grand jury has subpoenaed Arizona lawyer David Kurtz seeking all documents and deposition transcripts in …

The U.S. on Thursday hit the limit on the amount of debt the federal government can issue to honor its financial obligations, also known as the debt ceiling. The milestone is prompting a slew of warnings from Wall Street analysts and economists about the potential financial fallout if Congress fails …

Knowing if you’re being paid fairly for the work you do is a mystery shrouded by a lack of information. That may be changing, though, thanks to pay transparency. As the trend catches on, more companies are starting to reveal what a job opening or current position pays — whether …

A group of video game testers is forming Microsoft’s first labor union in the U.S., which will also be the largest in the video game industry. The Communications Workers of America said Tuesday that a majority of about 300 quality-assurance workers at Microsoft video game subsidiary ZeniMax Studios has voted …

The amount of money workers are demanding to switch jobs has been escalating — recently hitting a new eight-year high amid powerful inflation and the prospect of a recession. Asked the minimum pay they would accept to switch to a new job, workers, on average, said they would need $73,700, …

A Kellogg’s factory in San Jose, California, that makes Eggo waffles must pay an $85,000 fine after leaking toxic ammonia into the surrounding neighborhood and not immediately reporting it, state officials say. The Kellogg’s brand was found guilty of criminal negligence for the incident that occurred on January 22, 2021, …

Active members of the U.S. Army Reserve and National Guard are paying millions of dollars more in additional interest on loans than they need to under the law, a federal consumer watchdog said Wednesday. The Consumer Financial Protection Bureau (CFPB) said military personnel end up making the unnecessary payments because …

CNN plans to lay off an unknown number of employees Thursday as the network grapples with reduced advertising revenue and a looming recession. In a Wednesday email to staffers obtained by CBS MoneyWatch, CEO Chris Licht said this week’s cuts “will be a difficult time for everyone.” Some CNN contributors …

The IRS last month began alerting 9 million people that they could still claim thousands in stimulus and Child Tax Credit payments. If you are one of those people, you have only one day left to claim the funds, with the tax agency setting a deadline of November 17 to …