Employers typically offer a period of open enrollment in the fall, when their workers are allowed to pick new health plans, enroll in a Flexible Spending Account or make other changes to their benefits. This year, there are some changes ahead that could help employees, while also potentially opening up …
Read More »Former Apple employee Dhirendra Prasad admits bilking company out of $17 million
San Jose, Calif. — A former Apple employee pleaded guilty Tuesday to defrauding the tech giant out of more than $17 million over seven years, federal prosecutors said. In a written plea agreement, Dhirendra Prasad described the schemes he carried out while he worked as a buyer for Apple’s Global …
Read More »Peloton extends refund period for recalled treadmill another year
Peloton Tread+ treadmill users have another year to get a refund for the product, which was recalled last year, the U.S. Consumer Product Commission and Peloton said on Tuesday. The Tread+ was taken off the market in May 2021 after reports of children and pets getting pulled underneath the exercise …
Read More »Large rail union rejects deal, making eventual strike possible
The third largest railroad union rejected its deal with freight railroads Monday — renewing the possibility of a strike that could cripple the economy — but before that could happen, both sides will return to the bargaining table. About 56% of the voting track maintenance workers represented by the Brotherhood …
Read More »Abortion care startup touts merits of telehealth after Roe v. Wade ruling
Hey Jane founder Kiki Freedman launched a virtual abortion care startup in early 2021 after the last abortion clinic in Missouri, where she attended college, nearly closed. Following the Supreme Court’s June decision overturning the constitutional right to an abortion under Roe v. Wade, she’s focused on raising awareness of …
Read More »Elizabeth Warren wants to let people erase student debt by declaring bankruptcy
Senator Elizabeth Warren plans this week to reintroduce a bill that would overhaul U.S. bankruptcy rules and create a potential path for Americans to erase their student loan debt. The Consumer Bankruptcy Reform Act of 2022 would create a new provision in the U.S. bankruptcy code — Chapter 10 — …
Read More »Stocks plunge, dragging Wall Street toward another down week
Wall Street suffered sharp declines on Friday as recession fears took hold of investors following the Federal Reserve’s latest interest-rate hike. Major U.S. indices finished the week with losses for the fourth time in five weeks. Markets sold off around the world on mounting signs the global economy is weakening just …
Read More »Complaints about inaccurate credit reports are soaring
Americans are on pace to set a record this year for the most complaints about credit report inaccuracies filed with the Consumer Financial Protection Bureau, according to Consumer Reports. Credit score concerns accounted for slightly more than half of all complaints sent to the federal agency in 2020 and 2021, …
Read More »Deal or no deal? Trump partner in Truth Social again delays key vote on merger
A key decision over whether Donald Trump’s social media platform Truth Social will merge with a cash-rich company and get $1.3 billion to take on Twitter has been put off for another month. The potential partner, Digital World Acquisition Corp. (DWAC), on Thursday postponed a shareholder vote to extend by …
Read More »Trader Joe’s shuttered NYC wine store to snuff out union drive, workers say
The abrupt closure of a popular Trader Joe’s wine store in New York City came just days before its 30 employees were planning to call a union election. Workers had been organizing for months and were ready to go public with the campaign, they told CBS MoneyWatch. But on August …
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