Tag Archives: MoneyWatch

Student borrowers reminded not to start repayments in January

The federal government has reminded student-loan borrowers that they don’t need to worry about repaying their debt in January. While lawsuits against President Joe Biden’s targeted loan relief are pending in court, the Department of Education pointed out that borrowers can hold off on making payments for a little while …

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Already slammed by inflation, small businesses struggle to repay COVID

Even as the U.S. economy continues to heal from the devastating impact of COVID-19, many small businesses are grappling with another serious financial challenge: repaying the federal pandemic relief loans they got to help them survive the crisis.  Nearly 4 million small business owners who received such “disaster” loans are now …

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Tesla delivers electric semis to PepsiCo at Nevada factory

Tesla delivered its first electric semis to PepsiCo Thursday, more than three years after Elon Musk said his company would start making the trucks. The Austin, Texas-based company formally delivered the trucks at a factory near Reno, Nevada. The event was live-streamed on Twitter, which Musk now owns. Musk drove …

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Rail unions slam President Biden’s plan to block possible strike

Railroad unions on Tuesday slammed President Joe Biden’s call for Congress to intervene in their contract dispute, saying the move undercuts their efforts to improve working conditions and Mr. Biden’s claim to be a pro-labor leader.  Mr. Biden and House Speaker Nancy Pelosi said that lawmakers will be asked to …

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Onewheel skateboards linked to 4 deaths, feds say

Commuters and thrill-seekers should stay off Onewheel electric skateboards because the products can eject riders, causing serious injury and death, according to the U.S. Consumer Product Safety Commission. At least four people have died from traumatic head injuries after falling from the self-balancing boards made by Santa Cruz, California-based Future …

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Elon Musk warns Twitter could face bankruptcy as top executives flee

Elon Musk told Twitter staff Thursday to brace for “difficult times ahead” and warned that the company could go bankrupt if it doesn’t find new ways of making money. Speaking at an all-employee meeting on Thursday, Musk said Twitter was losing money and that “bankruptcy isn’t out of the question,” …

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American Jewish Committee urges Amazon to pull antisemitic film Kyrie Irving promoted

Amazon is facing public pressure to stop selling a film that has been widely described as antisemitic and riddled with conspiracy theories. The 2018 film, titled “Hebrews to Negroes: Wake Up Black America” and based on a 2014 book of the same name, claims that Jewish people dominated the slave …

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Jeffrey Dahmer Halloween costume sales banned on eBay

The hit Netflix series about Jeffrey Dahmer has sparked enough public interest that some retailers are selling Halloween costumes meant to evoke the notorious serial killer. That has prompted eBay to ban sales of Dahmer paraphernalia on its platform, saying they violate the e-commerce company’s “violence and violent criminals policy,” …

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Student

Teachers, government workers and people employed by nonprofits have only days remaining to apply for a one-time waiver that could help them erase or reduce their student debt.  The so-called “limited Public Service Loan Forgiveness waiver” was designed by the Biden administration last year to fix a major problem with …

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Stocks sink to new low for 2022, closing dismal month with mounting recession fears

Wall Street is at its worst levels in almost two years Friday as the end nears for what’s been a miserable month for markets around the world. The S&P 500 closed down 1.5%, at 3,585, after flipping between small losses and gains through the morning. It’s at its lowest level …

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