Party City files for bankruptcy after struggling with pandemic rebound
Party City filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending.…
Tesla video promoting self-driving was staged, engineer testifies
A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the…
Norway archaeologists find ‘world’s oldest runestone’
COPENHAGEN, Denmark — Archaeologists in Norway said Tuesday that have found a runestone which they claim is the world’s oldest, saying the inscriptions are up to 2,000 years old and…
Bank of America CEO expects ‘mild recession’ and is preparing for worse
Bank of America CEO Brian Moynihan said Friday that the bank is preparing for a potential recession in 2023, including a scenario where unemployment rises rapidly. “Our baseline scenario contemplates…
CVS sued by a fired nurse practitioner who refused to prescribe birth control over religious beliefs
A former CVS Health nurse practitioner is suing the pharmacy chain for firing her after she refused to prescribe birth control, citing her religious beliefs. Texas resident J. Robyn Strader…
Bed Bath & Beyond begins new round of layoffs as threat of bankruptcy looms
Fresh off telling investors last week that it may consider a bankruptcy filing, Bed Bath & Beyond has kicked off a fresh round of layoffs. The company said in a…
Rapid tests for Covid, RSV and the flu are available in Europe. Why not in the U.S.?
Sander Brus didn’t expect a photo of his friend’s grandfather’s flu diagnosis to go viral. But when he shared the image on Twitter in December, he was bombarded with messages,…
A new Alzheimer’s drug will cost $26,500 a year. Who will be able to get it?
A newly approved drug intended to slow the progression of Alzheimer’s disease offers patients hope, but it will come with a steep price tag: $26,500 a year. The drug, called…
DeSantis moves to bring Disney’s special Florida district under direct state control
Florida Gov. Ron DeSantis will seek to bring Disney’s special governing district under direct state control in a bid to end the entertainment giant’s multi-decade arrangement with the Sunshine State.…
Mercedes-Benz recalls 324,000 vehicles over water-intrusion issue that could stall engines
Mercedes-Benz is recalling 324,000 vehicles that are at risk of stalling due to a water-intrusion defect. The notice affects Mercedes ML and GLE sport-utility vehicles for model years 2012-2020. Only…