Tag Archives: MoneyWatch

After two deaths, a maker of electric bikes, scooters and other mobility products has recalled one of its hoverboard models because its lithium-ion battery pack can overheat and cause fires.  The recall of 53,000 Jetson Rogue self-balancing hoverboards, made by Jetson Electric, comes after two girls died in a fire in …

The COVID-19 pandemic stopped the U.S. economy in its tracks, driving unemployment to double-digits and shutting employers from coast to coast. But it also had another effect for some Americans: Wages for low-paid workers surged at their fastest rate in 40 years, interrupting a decades-long period of stagnation. Between 2019 …

Arkansas is rolling back some child labor protections after Gov. Sarah Huckabee Sanders this week signed a new law to make it easier for children under 16 to get hired.  The new law is part of a push by some states to loosen child labor rules at a time the …

Netflix’s “Stranger Things” stage play will debut in London theaters later this year, offering up a prequel to the events of the hit sci-fi series, the company announced Wednesday.  The play, titled “Stranger Things: The First Shadow,” is Netflix’s first ever live stage production.  The stage show, set in the …

More than one-third of the wealthiest people in the U.S. attended one of just eight elite universities, according to a new study from wealth consultancy Henley & Partners.  There are about 9,600 so-called centimillionaires living in the U.S., or people whose net worth is greater than $100 million, the report …

You’ll soon be able to choose to save or splurge on movie tickets at theaters operated by AMC Entertainment. AMC, the largest movie theater chain in the U.S., on Friday will start selling tickets at different prices based on where a seat is located in a given venue. The new …

A Trader Joe’s store in Louisville, Kentucky, has become the grocery chain’s third to vote to unionize. Workers at the store voted 48-36 in favor of the union Thursday evening, according to the National Labor Relations Board, which conducted the election. Workers from the Louisville store will now join those …

The Federal Trade Commission on Friday said convicted fraudster Martin Shkreli should be held in contempt of court for launching a new drug company after he was banned from the pharmaceutical industry for life.  An earlier court order prohibited Shkreli “from directly or indirectly participating in any manner in the …

The rising cost of eggs in the U.S. is denting household budgets. Americans in recent years have increased the number of eggs they consume while reducing their intake of beef and venison, according to data from the U.S. Department of Agriculture.  Egg consumption has grown in part because more families are eating …

Apple will charge customers an extra $20 to replace the battery on iPhones if the device is older than an iPhone 14, the technology giant said Wednesday. Starting in March, anyone with an iPhone 13, 12, 11 or X will have to pay $89 for a new battery, while replacements …