DETROIT — United Auto Workers members overwhelmingly granted union leaders authorization to strike during ongoing contract negotiations with General Motors, Ford Motor and Stellantis, if warranted. The union on Friday said an average of 97% of combined members at…
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Business
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Business
Southwest Airlines is now limiting a service that lets passengers buy a better spot in the boarding line
Southwest Airlines is changing its unusual boarding system by limiting the opportunity to pay an extra fee and jump ahead of other passengers in the race for the best seats. The airline said Wednesday that…
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Business
Recalled products linked to more than 100 infant deaths are still for sale on Facebook, lawmakers say
Recalled baby products linked to more than 100 infant deaths are still widely sold on Facebook Marketplace despite thousands of requests from federal regulators to take down the items, four members of Congress said. In a letter…
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Business
Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell short of analysts’…
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Business
Peloton shares fall after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell short of analysts’…
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Business
Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month
Car shoppers are paying more than ever to finance new vehicles — and pickup trucks are driving up the average cost in at least two states. More than 1 in 4 car shoppers in Texas and Wyoming…
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UPS workers ratified the Teamsters-negotiated labor deal reached nearly a month ago, allowing the next five-year contract covering 340,000 employees to take effect. “This contract will improve the lives of hundreds of thousands of workers,”…
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S&P Global followed Moody’s in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of…
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Mortgage interest rates continue to climb, putting homeownership further out of reach for many potential buyers. On Monday, the average interest rate on 30-year mortgages rose to 7.48%, according to Mortgage News Daily — the highest…
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Gree Electric Appliances, Inc., is recalling 1.56 million dehumidifiers sold between 2011 and 2014 under brand names like Kenmore and GE due to fire and burn hazards, according to the Consumer Products Safety Commission. Gree,…