MoneyWatch

GM recalls 484,000 large SUVs over potential seat

General Motors is recalling more than 484,000 large SUVs in the U.S. to fix a problem that can cause the third-row seat belts to malfunction. The recall covers Chevrolet Suburbans and Tahoes, Cadillac Escalades and GMC Yukons from the 2021 and 2022 model years. The automaker says in documents posted …

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Feds tell crypto broker Voyager to stop claiming it’s FDIC insured — because it’s not

Federal regulators have ordered cryptocurrency brokerage Voyager Digital to stop telling customers that their deposits are protected from losses by the Federal Deposit Insurance Corporation because that’s not true, according to letters from regulators sent this week. Voyager has mentioned its federally insured status on its website, mobile app and …

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Some ultraviolet wands pose risk of radiation injury, FDA says

Americans are being urged against using eight ultraviolet wands used to disinfect surfaces because of high levels of radiation the products emit that can cause injuries to the skin and eyes of those nearby. Tests by the Food and Drug Administration found some products produce as much as 3,000 times …

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Strong dollar makes it a good time to be an American in Europe

Congestion at airports around the globe is making international travel a big headache this summer.  But if you can make it from the U.S. to Europe, everything from croissants to taxi rides to luxury goods will be cheaper than they have been in decades, thanks to a strong U.S. dollar.  …

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Massachusetts AG warns consumers about crisis pregnancy centers posing as abortion clinics

With the right to an abortion overturned nationwide, Massachusetts is warning patients to stay away from crisis pregnancy centers — centers that look like abortion clinics but whose primary purpose is to dissuade women from having abortions. Massachusetts’ attorney general issued a consumer warning on Thursday, saying these centers often …

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Yelp to close 3 U.S. offices, saying the “future of work” is remote

Yelp is closing three of its U.S. offices after finding most of its employees prefer to work remotely. In a blog post Thursday, Yelp Cofounder and CEO Jeremy Stoppelman said the company will close its offices in Chicago, New York and Washington, D.C., on July 29. The online review and …

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“Pharma Bro” Martin Shkreli released from prison

Martin Shkreli, the so-called “Pharma Bro” who became the face of corporate greed in 2015 by hiking the cost of an AIDS drug by more than 4,000%, was released from the Federal Correctional Institution Allenwood Low in Pennsylvania on Wednesday, according to the Bureau of Prisons.  Shkreli is being transferred …

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Inflation slows for the first time in 9 months

The pace of inflation around the U.S. cooled in April, the first drop after eight straight months of ever-faster price increases. The Consumer Price Index, a broad basket of goods and services, rose 8.3% from a year ago, the Labor Department reported Wednesday, down from an 8.5% annual increase in …

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Job openings hit record 11.5 million in March, as workers continue to quit

Employers posted a record 11.5 million job openings in March while a record 4.5 million workers quit their jobs — more evidence of a tight labor market that has emboldened millions of American workers to seek better paying positions. Layoffs remain below their pre-pandemic levels of about 1.8 million a …

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