When Peloton unveiled its 2019 holiday commercial depicting a husband who gifted his wife a stationary bike for Christmas, the ad was widely panned as sexist, dystopian and reminiscent of a hostage video. People…
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Netflix’s crackdown on password sharing has come to the U.S. The streaming service said it began alerting members on Tuesday about its new sharing policy, noting that Netflix accounts are…
Editor's Pick
Target is recalling 5 million scented candles because their glass jars can break
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Target is recalling five million scented candles because their glass encasings could break, posing a safety hazard. According to a statement on the Consumer Product Safety Commission’s website, the affected…
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Federal Reserve chair hints at a pause in rate hikes when central bank meet next month
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Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it…
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Hyundai and Kia agree to $200 million settlement with customers over car thefts
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Hyundai Motor and Kia Corp. agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said…
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Couples 55 and older will be able to contribute more than $10,000 to health savings accounts
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Older U.S. couples will be able contribute more than $10,000 annually toward tax-free health savings accounts. Under guidance the IRS announced Tuesday that goes into effect next year, individuals can…
Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO…
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Target wrestles with pullback in spending and theft that may cost it more than $1B this year
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Target on Wednesday reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period. The Minneapolis company is dealing with rising costs, which includes…
Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO…
Editor's Pick
Wells Fargo will pay $1 billion to settle accusations of defrauding shareholders
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Wells Fargo & Co. has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its…