Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% forecast from Dow Jones and comes ...
Security camera footage showing work being done on a Boeing Max 9 door plug that later blew out mid-air has been overwritten, the head of the National Transportation Safety Board said. In a letter to the Senate Committee on Commerce, Science, and Transportation that is reviewing the incident and Boeing’s role in it, NTSB Chair Jennifer Homendy said her agency still ...
Boeing and Alaska Airlines have separately denied any legal responsibility for the injuries allegedly caused to dozens of passengers after a door-plug blew out of a 737-Max 9 jet during a flight in January. In its formal answers this week to a class-action lawsuit brought by about 40 passengers of Alaska Flight 1282, Boeing generally acknowledged the preliminary findings of ...
The parent company of Family Dollar said it would close approximately 1,000 stores, citing market conditions, store performance and other factors. Dollar Tree, which has owned Family Dollar since 2015, said Wednesday that 600 Family Dollar stores would close in the first half of 2024, with another 370 locations closing over the next several years. In addition, 30 Dollar Tree-branded ...
More than a year out from the most brutal round of tech layoffs since the dot-com bubble burst, workers are reckoning with the loss of what some saw as airtight job security in an industry that’s still downsizing. The tech industry recorded about 34,000 layoffs in January, the most in a single month since January 2023, when almost 90,000 people ...
The Body Shop is shutting down its U.S. operations after filing for bankruptcy. The U.K.-based chain filed for Chapter 7 liquidation in New York last week, according to a court filing. The filing means the company’s U.S. operation will sell off certain assets to pay back its creditors. Earlier this month, the beauty store confirmed it had filed for restructuring ...
Airbnb is banning indoor security cameras from rental properties listed on its site, citing privacy concerns. The platform had previously allowed cameras in common areas like hallways and living rooms as long as they were clearly mentioned in a property’s listings. Those will now be banned, too. “Our goal was to create new, clear rules that provide our community with ...
The Body Shop is shutting down its U.S. operations after filing for bankruptcy. The U.K.-based chain filed for Chapter 7 liquidation in New York last week, according to a court filing. The filing means the company’s U.S. operation will sell off certain assets to pay back its creditors. Earlier this month, the beauty store confirmed it had filed for restructuring ...
Buying now and paying later is still a popular way to splurge on airfare to Cabo. It’s an increasingly common way to buy groceries and lawn furniture, too. Consumers ages 35 and under comprise 53% of “buy now, pay later” users but just 35% of traditional credit card holders, according to LexisNexis Risk Solutions. Many of those core “BNPL” borrowers ...
A flying tire. A runway roll-off. Multiple emergency landings. It may seem like mishaps involving planes have been growing in frequency. But experts say there is no cause for major alarm, as the aviation industry’s safety record remains better than it’s ever been when measured by lives lost. “This is not a safety trend,” said John Cox, a pilot and ...