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- Recall of exploding air bags now covers almost 8 million carsThe government's auto safety agency is now warning 7.8 million car owners that inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are deployed.聽Manufacturers have limited the recalls to high-humidity areas, excluding cars and trucks in states to the North.
Consumer prices barely rise. Will Fed keep rates low longer?US聽consumer聽prices聽rose marginally in September as energy costs fell broadly, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. Consumer prices聽edged up 0.1 percent last month after declining 0.2 percent in August.聽
Target will offer free shipping on all holiday items starting todayTarget will offer free shipping for the first time on all items bought during the holidays to try and compete better with the likes of Amazon. Target says its free shipping starts Wednesday and will last through Dec. 20.聽
Stock market slump is no reason to abandon stocks, say expertsThe market has started to rebound, but even in the midst of last week's stock market plunge, experts said the volatility was no reason to cash out.
Staples investigating possible credit card data breachStaples聽is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest US retailer to become a possible victim of a cyberattack. Staples shares fell in early morning trading on the news.聽
From security to logistics: Five Apple Pay questions answeredApple's mobile payment system debuted Monday. Here's a quick overview of what it is and how it works.
US urges car owners to get faulty air bags repairedThe National Highway Traffic Safety Administration says nearly five million people could be affected by this latest car air bag recall. The air bags are produced by Takata Corp., and have resulted in at least four deaths.
IBM abandons earnings target, pulls down Dow JonesIBM聽fell $12.40, or 7 percent, to $169.63 after the company reported earnings that missed Wall Street's expectations. The company also missed on revenue and warned that it may not meet its profit goals for the foreseeable future.
Mortgage rates dip below 4 percent. Time to refinance?The average rate for a 30-year fixed mortgage dipped below 4 percent this week. As recently as January, the average was 4.53 percent.
Yellen sounds alarm on inequality in AmericaThe growing gap between the rich and everyone narrowed slightly during the Great Recession but has since accelerated,聽Yellen聽said in a speech at a Boston conference on economic opportunity.
Airbnb listings in New York are mostly illegal, AG saysAirbnb listings offered by the short-term rental service are largely in violation of city and state laws,聽New York state's attorney general charged Thursday. The report also charged that many of the Airbnb listings are placed by commercial operators running illegal hotels, not by New Yorkers renting out a spare room.
Apple grows its video game footprint with new iPadApple footprint in the video game world is getting bigger. And that could be good news for the company's bottom line.聽With the recent launch of the large screen iPhone 6 Plus and Thursday's expected introduction of a souped-up iPad, Apple could become an even larger player in the video game world. 聽
Jobless claims in the US slide to a 14-year lowJobless claims fell to a 14-year low last week, a positive signal that could counter doubts over whether the economy is shifting into a higher gear. Jobless claims dropped聽聽23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labor Department said on Thursday.
Amazon to hire 80,000 extra workers for the holiday rushAmazon聽is hiring 80,000 seasonal workers for its distribution centers as it looks to improve its shipping efficiency during the crucial holiday season. Amazon said that thousands of the seasonal jobs are expected to become permanent positions.
HBO offers stand-alone streaming service. The end of cable?HBO聽plans to offer a stand-alone version of its popular video-streaming service in 2015, avaialble for the first time to viewers without cable subscriptions. The HBO announcement comes as聽Americans increasingly prefer to stream movies and TV shows digitally on an a la carte basis.
Oil prices plunge. Why they will go even lower.Oil prices plunged more than $3 a barrel yesterday, and many analysts think oil prices may have farther to fall. The impact of super-low oil prices on the economy, however, remains unclear.聽
Silicon Valley's latest job perk: Up to $20,000 in infertility coverageFacebook and Apple, long known for cushy perks such as free meals, laundry service and massages, are now eyeing reproductive expenses as the next batch of benefits.
Macy's starts the Thanksgiving wars with a 6 p.m. openingMacy's on Tuesday announced that it will open the doors to its full-line department stores at 6 p.m. on Thanksgiving Day, two hours earlier than last year.聽Although Macy's is the first to announce its Thanksgiving plans, it won't be the last 鈥� Wal-Mart, Target,聽and others also opened their doors on the holiday last year.
JPMorgan Chase returns to profit as bank earnings lift stocksJPMorgan聽Chase, the largest US banks by assets, on Tuesday reported a third-quarter profit after booking a loss in the same period a year ago.聽Speaking on a conference call , CEO Jamie Dimon also addressed the massive data breach that affected JPMorgan Chase customers last week.聽
JPMorgan, Wells Fargo report earnings. Can banks stop Wall Street's free fall?Corporate earnings on Tuesday from major banks including Citigroup, JPMorgan Chase聽and Wells Fargo聽couldn't come soon enough for a stock market that lately has fixated on breached technical levels, signs of a softening global economy and Ebola.
