Tag Archives: MoneyWatch

MyPillow CEO Mike Lindell is using his defamation trial over statements he made about a former Dominion Voting Systems official to boost sales of his pillows, linens and other products, as well as to raise money for his legal defense.  On June 4, Lindell wrote on social media that “My …

It doesn’t take $1 million to achieve the top predictor of financial well-being, according to new research from investment firm Vanguard. Instead, it’s something far more attainable: Socking away at least $2,000 in an emergency savings account.  A survey of more than 12,000 Vanguard investors found that it’s not assets …

Novo Nordisk, the maker of blockbuster weight loss drug Wegovy, said Friday its CEO was stepping down by “mutual agreement” with the company’s board of directors, citing “recent market challenges” and a steep decline in the company’s share price. Lars Fruergaard Jorgensen’s departure comes a week after the company downgraded …

The International Brotherhood of Teamsters says workers at seven Amazon facilities went on strike Thursday morning in an effort by the union to pressure the e-commerce giant for a labor agreement during a key shopping period. People have begun picketing in some locations, including one in the New York City …

Perdue Foods is recalling more than 167,000 pounds of frozen chicken nuggets and tenders after some customers reported finding metal wire embedded in the products. According to Perdue and the U.S. Agriculture Department’s Food Safety and Inspection Service, the recall covers select lots of three products: Perdue Breaded Chicken Tenders, …

New York — The average Wall Street bonus fell slightly last year to $176,500 as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday. The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in …

Attending special celebrations such as weddings, birthday parties and other events can be expensive for guests, particularly if they require loved ones to travel long distances or spring for a wardrobe upgrade.  On average, wedding guests planned on spending $611 per event in 2023, according to a survey from Bankrate — a …

The Consumer Financial Protection Bureau on July 11 fined Bank of America for three types of transgressions against its customers, each costing consumers money and time. We’ve seen similar transgressions at many other banks over the years, and we are likely to see more in the future.  Here are a few …

A federal judge in Northern California has denied a request from the Federal Trade Commission to pause Microsoft’s $69 billion deal to buy Activision Blizzard while the FTC appeals the acquisition. U.S. District Judge Jacqueline Scott Corley ruled Tuesday that Microsoft’s pending takeover of the video game giant can move …

Meta’s Threads app debuted a day earlier than expected, offering billions of users with an alternative to Twitter amid growing frustration with the Elon Musk-owned social media service.  Threads had been slated to be released at 10 a.m. Eastern Time on July 6, but the company on Wednesday pushed forward …