The U.S. has officially banned imports of certain Apple Watch models after the Biden administration declined to veto an agency’s decision to restrict the products. The affected watches come with a pulse oximeter feature that…
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Business
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New government data showed prices notching a monthly decline for the first time since April 2020, adding to an improving picture on inflation as the new year looms. The Personal Consumption Expenditures Price Index (PCE),…
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Business
Americans ramped up spending during the holidays despite some financial anxiety and higher costs
Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure. Holiday sales from…
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A slowdown — but no recession. That’s the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck…
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Honda is recalling more than 2.5 million vehicles over potentially faulty fuel pumps. In documents posted on the National Highway Traffic Safety Administration’s website, Honda said affected models include 2018 through 2020 editions of some…
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Business
U.S. engine maker facing largest Clean Air Act penalty ever over emissions test cheating accusations
Engine manufacturer Cummins Inc. has agreed to pay a $1.675 billion penalty for allegedly installing ‘defeat devices’ on approximately 1 million pickup trucks to cheat emissions tests. It’s the largest civil fine ever levied under…
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Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter posted on the National Highway Traffic Safety Administration’s website Thursday, Tesla acknowledged the affected doors…
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Honda is recalling about 106,000 CR-V hybrid sport-utility vehicles for model years 2020 through 2022. At issue is a 12-volt battery cable that may be missing a fuse, potentially causing the cable to short-circuit or…
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The Federal Trade Commission said Wednesday that Rite Aid secretly used facial recognition on customers for nearly a decade and wrongfully accused many of shoplifting. The FTC said Black and Asian customers were more likely…
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Americans are heading into 2024 more optimistic about the health of the economy than they have been in months. The Conference Board reported Wednesday that its Consumer Confidence Index, a measure of how Americans feel…