Peloton on Tuesday said it is adding a new exercise product to its lineup: a rowing machine that starts at $3,195. Consumers who also want to access its range of fitness classes will have to shell out another $528 annually. The struggling fitness company is touting the machine, called Peloton Row, for …
Read More »Thousands of nurses strike in Minnesota, affecting more than a dozen hospitals
Thousands of nurses in Minnesota launched a three-day strike Monday over issues of pay and what they say is understaffing that has been worsened by the strains of the coronavirus pandemic. The labor action includes 15,000 nurses and seven health care systems in the Minneapolis and Duluth areas. Those health …
Read More »Hiring slowed in August as unemployment rate ticked up
Employers slowed hiring in August, signaling the labor market may finally be cooling along with the rest of the economy as interest rates rise. Employers added 315,000 jobs, the Labor Department reported Friday — down from about 520,000 in July and in line with economists’ expectations. The unemployment rate ticked …
Read More »Is your state offering hero pay, stimulus or rebate checks?
Americans in some parts of the country are getting extra cash to help offset still-blistering inflation, with at least 21 states and one city offering financial relief to residents grappling with higher food, gas and rent. Although consumer prices cooled slightly in July, they still rose 8.5% last month from a year …
Read More »One key to earning a higher income: Rich friends in childhood
Economic mobility has taken a hit in the U.S., with only half of 30-year-olds earning more than their parents had at their age, down from 90% in earlier generations. But one key to earning more in adulthood may be the company you keep in childhood, according to a new study. …
Read More »Family Dollar recalls more than 400 products that were improperly stored
Family Dollar is recalling more than 430 products, such as toothpaste, over-the-counter drugs and hemorrhoid ointment, that had been stored at the wrong temperature before being inadvertently shipped to stores across the U.S. The recall covers a slew of items regulated by the Food and Drug Administration that were shipped …
Read More »Gun violence costs U.S. more than $1 billion a year in hospital bills
Along with the incalculable toll on victims and their families, gun violence in the U.S. also exacts another heavy cost: More than $1 billion a year in medical bills. That figure only accounts for the initial health costs of hospital care for people who are shot, according to a report …
Read More »Delta flew a plane of lost luggage from Heathrow to the U.S.
To unite customers with their luggage and help remedy a baggage pileup at Heathrow Airport in London, Delta Air Lines sent a plane full of bags from London to the U.S. The aircraft contained 1,000 bags and no passengers after a regularly scheduled flight was cancelled, separating customers who traveled …
Read More »U.S. stocks rise as Fed admits more rate hikes could weaken economy
Wall Street capped off another choppy day of trading Wednesday with modest gains for the major stock indexes, after investors combed the minutes from the Federal Reserve’s most recent interest rate policy meeting for clues about what the central bank may do next to fight inflation. The S&P 500 rose …
Read More »Mortgage rates in the U.S. jump by most in 35 years
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed from 5.23% last week to …
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