Rite Aid, the third-largest U.S. drugstore chain, is reportedly preparing to seek bankruptcy protection and could close 400 to 500 stores. The Wall Street Journal reported Friday that Rite Aid was negotiating with creditors about…
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Business
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If the federal government shuts down Sunday, numerous publicly funded agencies will stop work and their employees won’t be paid, but Social Security checks will still go out. Social Security is considered a mandatory program,…
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Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park outside and away from structures until repairs are complete. The automakers say…
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JPMorgan Chase has reached a $75 million settlement with the U.S. Virgin Islands over a lawsuit accusing the nation’s largest bank of facilitating Jeffrey Epstein’s sex-trafficking enterprise for 15 years, according to statements released by…
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Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. The company will close one store in New York City’s Harlem neighborhood, two locations…
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The ongoing United Auto Workers strike is expanding. UAW President Shawn Fain called for union members to strike at noon ET Friday at 38 General Motors and Stellantis facilities across 20 states. He said the…
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The U.S. Securities and Exchange Commission on Monday charged podcaster Matthew Motil in connection with an $11 million Ponzi scheme that allegedly defrauded more than 50 people. The agency said in a press release that…
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Novaform ComfortGrande and DreamAway mattresses sold exclusively at Costco are being recalled, with the U.S. Consumer Product Safety Commission saying they may have been exposed to mold during manufacturing. The CPSC said that around 48,000…
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Amazon says it will start showing ads on Prime Video in early 2024, and that it is introducing a new, pricier ad-free option. In a post on its site, Amazon said it will begin showing…
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Business
Pandemic aid officials who overpaid vulnerable renters are saying, ‘We messed up, pay us back’
State and local agencies that distributed federal aid to renters facing eviction during the pandemic are now scrambling to claw back millions of dollars in overpayments. Officials in at least five states have been sending…