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The nation's top consumer watchdog wants to protect your personal data and digital wallet

Business / Business News /

Rohit Chopra heads the Consumer Financial Protection Bureau (CFPB), the federal agency tasked with protecting consumers and their money. The CFPB in recent years has sued student loan servicers, investigated redlining — or discriminatory lending — in mortgages and other loans, and is now focusing on "buy-now-pay-later" firms, payment apps, ...Read more

UPS to acquire health care logistics firm Bomi Group

Business / Business News /

UPS announced plans to acquire Italian-based health care logistics firm Bomi Group to expand the reach of its health unit globally.

Through the acquisition, UPS said it will gain temperature-controlled facilities in 14 countries, 350 temperature-controlled vehicles and nearly 3,000 employees in Europe and Latin America.

Kate Gutmann, president...Read more


To retain nurses and other staffers, hospitals are opening child care centers

Business / Business News /

When Jennifer Lucier and her husband found out they were expecting a baby in 2016, they immediately made three phone calls.

The first was to her mother. The second was to her husband’s family. And the third was to the Roper St. Francis Healthcare Learning Center.

That last call, she felt, was particularly urgent. Lucier wanted to secure a ...Read more


Nursing homes are suing the friends and family of residents to collect debts

Business / Business News /

ROCHESTER, N.Y. — Lucille Brooks was stunned when she picked up the phone before Christmas two years ago and learned a nursing home was suing her.

“I thought this was crazy,” recalled Brooks, 74, a retiree who lives with her husband in a modest home in the Rochester suburbs. Brooks’ brother had been a resident of the nursing home. But ...Read more

Sterling Bay/Hartshorne Plunkard/Sterling Bay/Hartshorne Plunkard/TNS

The Great Fire slowed interest in wood buildings, but Chicago's first mass timber tower could soon take shape

Business / Business News /

CHICAGO — Developer Sterling Bay is set to begin construction of Chicago’s first mass timber building, a nine-story, apartment tower in the Lincoln Park neighborhood. If approved by City Council, the $50 million development may kick off widespread use of the modern technique, already popular in other cities, which boosters claim is more ...Read more


Socially responsible investing 2022: How to get started in 6 steps

Business / Business News /

If you want to put your dollars into causes you care about, one of the easiest ways to get started is through socially responsible investing. The strategy prioritizes financial return with the caveat that the money is invested to fuel positive change in three key areas: environmental, social and corporate governance (ESG). Perhaps you’re ...Read more


Commentary: The fatal flaw in your retirement plan's target date funds

Business / Business News /

There was a major development in 2006 that transformed how Americans invest for retirement. It solved one problem, but created another that will be causing extra pain to people who retire in this economy.

The mid-2000s was the start of the nudge revolution, where policy makers thought they could coax people into more desirable behavior. The ...Read more

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Musk questions why SEC not investigating Twitter spam data

Business / Business News /

The world’s richest person Elon Musk has taken his concern about Twitter Inc. to the social media site again.

Responding to a thread initiated by another user, Musk said the deal to buy the company “should proceed on original terms” if Twitter would provide their method for sampling accounts and confirm them to be genuine. “However, if ...Read more

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Feds should issue no-interest student loans to address debt crisis, report says

Business / Business News /

BOSTON — A new report from a Boston-based research center found that nearly a quarter of all student loan payments made in 2019 went to interest, and is calling for a no-interest loan structure to be implemented to address the college debt crisis.

The Hildreth Institute report said that if the federal government was to implement this program ...Read more

Warner Bros. Discovery stock drops after disappointing forecast

Business / Business News /

Shares of Warner Bros. Discovery sank Friday after the media and entertainment giant reported disappointing earnings and lowered profit projections for the recently combined company.

The New York-based company’s stock fell $2.73, or 16%, to $14.74 a share as Wall Street gave a cool response to the company’s second-quarter results, in the ...Read more

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California DMV accuses Tesla of false advertising. At issue: Autopilot and Full Self-Driving

Business / Business News /

The California Department of Motor Vehicles has accused Tesla of false advertising in its promotion of the company’s signature Autopilot and Full Self-Driving technologies.

The agency alleges the electric carmaker misled customers with advertising language on its website describing Autopilot and Full Self-Driving technologies as more capable ...Read more

US consumer borrowing jumps by more than $40 billion, second-most ever

Business / Business News /

U.S. consumer borrowing surged in June, reflecting a jump in credit-card balances and a record increase in non-revolving lending that includes auto and school loans.

Total credit increased $40.2 billion from the prior month, second only to March’s $47.1 billion spike, Federal Reserve figures showed Friday. The median forecast in a Bloomberg ...Read more

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US job growth surges, tempering recession worries and pressing Fed

Business / Business News /

U.S. employers added more than double the number of jobs forecast, illustrating rock-solid labor demand that tempers recession worries and suggests the Federal Reserve will press on with steep interest-rate hikes to thwart inflation.

Nonfarm payrolls jumped 528,000 in July, a broad advance that beat all estimates and was the largest in five ...Read more

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Wealthy Americans escape tax hikes in bill but will face beefed-up IRS

Business / Business News /

Wealthy Americans dodged getting hit by tax increases in the Democrats’ economic package, but they likely will face a much better-funded Internal Revenue Service equipped with new auditors and technology to uncover tax avoidance.

Top-earning Americans should be prepared for audit levels they haven’t seen in decades as the agency prepares to...Read more

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Rivian likely excluded from new federal EV tax credits

Business / Business News /

ATLANTA — Rivian may be getting lots of tax incentives from state and local leaders in Georgia to build a massive new factory, but the company's leaders are feeling snubbed by Congress.

The U.S. Senate recently reached an agreement to reform federal electric vehicle tax credits, expanding the program overall while placing new caps on vehicle ...Read more

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Amazon to buy Roomba-maker IRobot for $1.65 billion

Business / Business News / Inc. said it would buy IRobot Corp., maker of the Roomba vacuum, for $1.65 billion as the e-commerce giant continues its push into internet-connected home devices and robotics.

Amazon will pay $61 a share in cash for the Bedford, Massachusetts-based company, according to a statement on Friday. The offer represents a premium of 22% ...Read more

US job growth surges, tempering recession fears and pressing Fed

Business / Business News /

U.S. employers added more jobs in July than forecast, illustrating rock-solid labor demand that tempers recession fears and suggests the Federal Reserve will press on with steep interest-rate hikes to thwart inflation.

Nonfarm payrolls jumped 528,000 last month, beating all estimates and the largest increase in five months, Labor Department ...Read more

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Auto review: Toyota Sequoia benefits from Tundra's best assets

Business / Business News /

It’s been 14 years since Toyota offered a new Toyota Sequoia. Given its long life with little change, you can be forgiven if you forgot the model even existed. But with the Land Cruiser leaving the American market, the Sequoia now takes on its role as Toyota’s largest and most capable SUV in its U.S. lineup.

Thankfully, it’s been ...Read more

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Nebraska hospital's worker dress code on messy buns draws criticism

Business / Business News /

A Nebraska hospital was criticized for its dress code update on messy buns after a screenshot of the policy went viral, according to media reports.

Bryan Health, located in Lincoln, gave an update to a nursing unit in late July, the health system said in an Aug. 1 statement.

TikTok personality Nurse Blake posted a screenshot of the update on ...Read more

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$300 million EV plan includes 730 high-speed chargers in Minnesota

Business / Business News /

MINNEAPOLIS — Anchored with a huge buildout of fast charging stations, Xcel Energy this week unveiled a plan to spend $300 million to greatly expand its electric vehicle presence in Minnesota.

Minneapolis-based Xcel, in a filing with Minnesota utility regulators, proposed building 730 new fast-charging stations across Minnesota during the ...Read more