The federal government is fining American Airlines $4.1 million for dozens of instances in which passengers were kept on board planes without a chance to exit during long ground delays. The U.S. Department of Transportation said Monday it is the largest such fine against an airline since rules covering long… Read More
‘Gran Turismo’ pulls ahead of ‘Barbie’ at the weekend box office
The box office results are in and Sony’s racing movie “Gran Turismo” won the weekend over “Barbie,” after all. On Sunday, “ Gran Turismo” appeared to be neck-and-neck with Warner Bros.’ “Barbie,” now in its sixth weekend, with both hovering just over $17 million. But Monday actuals reported by the… Read More
Fed chair acknowledges Friday the possibility of more rate hikes
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. Powell noted that the economy has been growing faster than expected and that consumers have… Read More
Uber raises minimum age for drivers in this state
Uber raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of commercial auto insurance in the state. The new rule applies only to drivers signing up to transport passengers with… Read More
‘Oppenheimer’ for $4? National Cinema Day to bring discounted tickets nationwide
Still haven’t seen “Barbie” or “Oppenheimer”? This Sunday, you’ll be able to catch up for $4 a ticket in movie theaters nationwide. Theater owners announced Monday that the second annual National Cinema Day will be held Sunday, Aug. 27. For one day, all movies — in all formats and at… Read More
The 5 new vehicles with the lowest average purchase prices in the US
A new car that costs under $20,000, once an unofficial threshold of affordability, is all but history in the United States. Blame it on automakers abandoning the low-profit small-car business as American consumers increasingly gravitate toward pricier SUVs and trucks. The “Amazon Secret Royalty Program” Can Help Anyone Retire Like… Read More
Wall Street finishes a third straight losing week Friday
Wall Street is limping Friday toward the close of a third straight losing week. The S&P 500 was virtually unchanged in midday trading. The Dow Jones Industrial Average flipped from an early loss to a gain of 60 points, or 0.2%, to 34,535, as of noon Eastern time, and the… Read More
Average long-term US mortgage rate climbs to highest level in more than 20 years
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average… Read More
Ex-Anaheim mayor to plead guilty in federal corruption case over Angel Stadium sale
The former mayor of the Southern California city of Anaheim agreed Wednesday to plead guilty to obstructing an FBI corruption investigation into the $150 million sale of Angel Stadium to the owner of the Major League Baseball team, federal prosecutors announced. Harish “Harry” Singh Sidhu acknowledged in a plea agreement… Read More
Target sales plummet after “Bud Light treatment” by conservatives
Target reported its first quarterly sales drop in six years, dragged down by a negative reaction by some customers, widely publicized on social media, to its Pride merchandise — which featured rumors of “tuck-friendly” bathing suits for very young minors and other inappropriate items. The Minneapolis retailer expects high interest… Read More
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