Business

JPMorgan Chase CEO Jamie Dimon warned this week that there could be credit risks lurking in the economy, saying that "when you see one cockroach there are probably more."Dimon spoke on the bank's quarterly earnings call on Tuesday and acknowledged that the firm had to take a $170 million write-off in the third quarter related to the bankruptcy of subprime auto lender and dealership Tricolor. He also pointed to the bankruptcy of auto […]

Hundreds of thousands of Ford vehicles in the U.S. are being recalled due to seatbelt and rearview camera issues, regulators said on Friday.The National Highway Traffic Safety Administration (NHTSA) said in a Friday notice that 332,778 Mustang vehicles from model years 2015-2017 were recalled because water and road salt may corrode the front seat belt anchor pretensioner cables. NHTSA warned that the corroded cable can break, which would prevent the seat […]

Samuel Adams continues its trend of working with Boston sports legends to produce beer that encapsulates not just the player, but the passionate fan base they played for under the lights. This time, the beloved brewery teamed up with Vince Wilfork, the ex-New England Patriots star defensive tackle, to release a beer with a playful twist on his name. The "Vince Grill-Fork Lager," a limited-edition Vienna-style lager that was made to go […]

Major mobile payment services, PayPal and Venmo, along with video-sharing platform YouTube, experienced widespread outages within a 24-hour period.PayPal and Venmo outages started at about 11 a.m. Thursday, with tens of thousands of reports about worldwide outages on both sites by noon, according to Downdetector.com, an online user reporting system.As of 3 p.m., the issue seemed to have been resolved.VERIZON NAMES FORMER PAYPAL BOSS DAN SCHULMAN AS CEOIn a statement […]

Ben’s Original has issued a voluntary recall of several rice products sold across the United States due to the potential presence of small stones that could pose a risk of mouth or digestive injury if eaten.The recall covers specific batches of "long grain white," "whole grain brown" and "long grain and wild rice" products with best by dates of August 2026, according to a Tuesday announcement from the U.S. Food […]

Federal health officials added more ground cinnamon brands to its health alert after detecting elevated levels of lead in the product. The Food and Drug Administration (FDA) said in its latest update last week that HAETAE-brand and Roshni-brand ground cinnamon are joining a growing list of products that are considered unsafe due to elevated lead levels. The FDA has continued to update its list of recalled cinnamon brands, now totaling 16, since […]

Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.27% from last week's reading of 6.3%. The average rate on a 30-year loan was 6.44% a year ago."Importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity," said Sam Khater, […]

Southwest Airlines is shaking up its famously simple no-frills model with a new aircraft design that promises a more "elevated" flying experience, with similar upgrades planned for its existing fleet.The Dallas-based carrier unveiled its first Boeing 737 MAX 8 with a refreshed interior this week — complete with an extra-legroom section, new high-end seats and refreshed lighting — underscoring the company’s broader push to modernize its fleet and offer new […]

The Trump administration is preparing to make changes to the IRS that would allow the agency to launch criminal investigations of left-leaning groups, according to a report by The Wall Street Journal.The Journal reported, citing people familiar with the matter, the push centers on installing Trump allies at the IRS criminal-investigative (IRS-CI) division and reducing the involvement of agency lawyers in those criminal probes.Those changes could allow politically motivated probes to be […]