Many Americans aren’t yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, but the history-making shift from the country’s century-plus love affair …
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JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders on Tuesday that the deposit crisis rattling the banking industry is “not yet over” and could affect the financial services sector “for years to come.” Although Dimon said the bank runs that led to the sudden collapse of Silicon Valley …
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Chipotle Mexican Grill has agreed to pay $240,000 to former employees as part of a settlement stemming from a complaint that the company violated federal law by closing a restaurant where workers wanted to unionize. Chipotle announced it was permanently closing its Augusta, Maine, location last year after workers filed …
Read More »Elon Musk is a fan of the poop emoji, once memorably tweeting a 💩 to then-Twitter CEO Parag Agrawal while he was in negotiations to buy the social media service. Now, the Twitter CEO and Tesla founder is conveying a similar message to one of his favorite targets: the media: …
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A former Fox executive was convicted Thursday of paying tens of millions of dollars in bribes to nab broadcasting rights to the World Cup and other top soccer matches. A second ex-executive was acquitted. A Brooklyn federal jury deliberated four days before returning the verdicts. Hernan Lopez, the former CEO …
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The maker of an unproven drug intended to prevent premature births says it will voluntarily remove the product from the U.S., after regulators signaled plans to follow through on a long-delayed effort to force it from the market. The drug, Makena, is a synthetic version of the hormone progesterone, which …
Read More »Americans know they should save for an emergency — we just don’t do it. Only 4 in 10 people say they could cover a $1,000 emergency expense without resorting to credit cards, according to a recent Bankrate survey. Blame psychology. “It’s so much easier to do the right things in …
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Popular kitchen appliances brand Cosori is recalling two million air-fryers after receiving 205 reports of the air fryers catching fire, burning, melting, overheating and smoking. Resulting injuries included superficial burn injuries as well as property damage. The U.S. Consumer Product Safety Commission announced the recall Thursday, urging consumers to immediately stop …
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Late New York financier Jeffrey Epstein sent images of young women to a senior executive at JPMorgan Chase that the bank knew about but ignored for years, according to claims in a lawsuit made public this week. The U.S. Virgin Islands is suing JPMorgan, accusing it of facilitating Epstein’s alleged …
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U.S. job openings unexpectedly rose in December, a sign the American labor market remains hot and a blow to the Federal Reserve’s efforts to cool it down. Openings in December rose to 11 million, up from 10.4 million in November, the Labor Department said Wednesday. Economists had expected job openings …
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