America's debt hits new record of more than $17 trillion: NY Fed

Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.

Ford CEO announces changes, including non-negotiated vehicle prices

Ford CEO Jim Farley said ahead of the company’s capital markets day event Monday that the days of Ford being all things to all people are over.

San Francisco officials are investigating if Elon Musk’s ‘Twitter Hotel’ plan broke laws

San Francisco officials are investigating Twitter after six former employees allege that owner Elon Musk’s leadership team broke laws by turning the company’s headquarters into a “Twitter Hotel" for workers who were pushed to stay up late to transform the social media platform.

Peloton to offer rear safety guard for recalled Tread+ treadmill

Owners of Peloton’s Tread+ were told to stop using the product after a 2021 recall linked to a child’s death and other injuries.

Mortgage rates rise amid interest rate environment uncertainty: Freddie Mac

The average rate for a 30-year fixed-rate mortgage rose to 6.39% for the week ending May 18, 2023, according to Freddie Mac’s latest data. Still, some experts have said they believe mortgage rates may come down if the Fed loosens up monetary policy.

Violent taco rampage caught on camera at D.C. Chipotle

A man went on a violent rampage inside a Chipotle in Northwest D.C. – and the whole thing was caught on camera. 

Walt Disney Company cancels relocation of thousands of California workers to Orlando's Lake Nona

Disney announced Thursday that the company will no longer relocate its Imagineers, cast members, and employees from California to Florida citing changes in "new leadership" and "changing business conditions."

Star Wars: Galactic Starcruiser resort permanently shutting down this fall, Disney says

Just over a year ago, Walt Disney World Resort ushered in a new era of entertainment with the much-anticipated opening of its Star Wars: Galactic Starcruiser. The entertainment giant announced on Thursday that it will be permanently closing the resort and attraction this fall.

Demand for used cars likely to grow as consumer seek affordability: Edmunds

Demand for more affordable cars is growing as high-interest rates and more expensive purchase prices are putting buying a new vehicle out of reach for many consumers, according to a recent Edmunds report.

Wendy's to test underground robot delivery for mobile orders

Instead of requiring employees to bring out mobile food orders, the robotic system is designed to transport the orders underground "in seconds," the fast food chain said.

Many Americans eye buy now, pay later to gain more financial flexibility: Survey

Nearly half of Americans (46%) said they would also consider BNPL an alternative financing method to credit cards or cash, according to a recent survey.

Target CEO: Retail theft may cost company over $1.2B this year

Target said it’s seeing an increasing number of violent incidents at stores, but doesn’t want to close stores because that hurts workers and the community.