• Finance

    Bumble dating app removes ads mocking celibacy after backlash

    The popular dating app Bumble is canceling an ad campaign that derides celibacy to promote its matchmaking service. It has also issued an apology. The company ran a series of ads in commercials and on billboards mocking celibacy as an alternative to dating as it launched a rebrand of the company and introduced what it is calling “the new Bumble.”  Tag lines included “You know full well a vow of celibacy is not the answer,” and “Thou shalt not give up on dating and become a nun.”  Bumble had long distinguished itself from other dating apps by requiring that women…

  • Finance

    Biden to announce new 100% tariffs on Chinese EVs

    President Joe Biden is expected to announce new tariffs Tuesday on Chinese EVs, semiconductors, batteries, solar cells, steel and aluminum. The tariffs on EVs will rise to 100%, quadrupling the current tariff of 25%, according to a source familiar with the tariffs. This is the latest bid by the Biden administration to keep China from undercutting U.S. companies and threatening U.S. manufacturing jobs. Without going into detail about the policy change, national security adviser Jake Sullivan suggested the tariffs were intended to counter the threat posed by China’s business practices.  “It’s no secret that the president, this entire administration, has…

  • Finance

    How to save money on buying products that other shoppers return

    How to save money on buying products that other shoppers return – CBS News Watch CBS News The National Retail Federation estimates $743 billion worth of merchandise was returned last year. Buyers and sellers can’t wait to get their hands on the products at bin stores, where the rejected items of others get a second lease on life, for a fraction of the price. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

  • Finance

    Federal judge blocks White House plan to curb credit card late fees

    A federal judge in Texas has blocked a new government rule that would slash credit card late-payment charges, a centerpiece of the Biden administration’s efforts to clamp down on “junk” fees.  Judge Mark Pittman of the U.S. District Court for the Northern District of Texas on Friday granted an injunction sought by the banking industry and other business interests to freeze the restrictions, which were scheduled to take effect on May 14.  In his ruling, Pittman cited a 2022 decision by the U.S. Court of Appeals for the Fifth Circuit that found that funding for the Consumer Financial Protection Bureau (CFPB), the…

  • Finance

    McDonald’s is considering a $5 meal to win back customers. Here’s what you’d get.

    New numbers show California’s fast food wage increase’s impact on prices New numbers show California’s fast food wage increase’s impact on prices 02:40 McDonald’s is considering adding a $5 meal to its menu across the U.S. as a way to coax customers back into its restaurants, according to a source familiar with plans. The meal could include a choice of either a McChicken, a McDouble or four-piece chicken nuggets as well as fries and a drink, the person told CBS MoneyWatch. Leaders at McDonald’s corporate offices are still in talks with franchise owners about introducing the $5 meal, the source…

  • Finance

    Think “spaving” — or spending to save — can save you money? Think again.

    Buy one, get one free! Spend more to get free shipping! Save 10% with this special discount code! They’re the kind of sales pitches consumers often find impossible to resist. Yet spending money to save it — or “spaving,” as the practice has come to be called, rarely benefits the consumer. Instead, retailers’ clever marketing ploys convince consumers they’re getting a deal, when often they’re just overspending.  In short, buyer beware, experts warn. “I understand the appeal of getting to checkout and a notification pops up saying spend $10 more to get some perk,” LendingTree senior economist Jacob Channel told…

  • Finance

    Target says it’s cutting back on Pride merchandise at some stores after backlash

    Target pulls LGBTQ+ merchandise from half of its stores Target pulls LGBTQ+ merchandise from half of its stores 00:29 Target is cutting back on the number of its stores that will cary Pride Month-related merchandise in June, a decision that comes after the retail chain last year faced a backlash and threats over some of the products.  Target said in a statement that its Pride merchandise will be available next month “in select stores, based on historical sales performance.” A spokeswoman declined to disclose the number of stores that won’t be carrying the merchandise. But a full assortment will be…

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    Paid sick leave sticks after many pandemic protections vanish

    Bill Thompson’s wife had never seen him smile with confidence. For the first 20 years of their relationship, an infection in his mouth robbed him of teeth, one by one. “I didn’t have any teeth to smile with,” the 53-year-old of Independence, Missouri, said. Thompson said he dealt with throbbing toothaches and painful swelling in his face from abscesses for years working as a cook at Burger King. He desperately needed to see a dentist but said he couldn’t afford to take time off without pay. Missouri is one of many states that do not require employers to provide paid sick leave.…

  • Finance

    Disney and Warner Bros. are bundling their streaming platforms

    Disney and Warner Bros. Discovery, the parent companies of Disney+, Hulu and Max, said this week they will soon offer a new video-on-demand service that combines the three streaming platforms into one app. The bundle will be available in the U.S. this summer, the companies said in a joint statement Wednesday. They did not share a specific launch date or price for the service.  Users of the new bundle will have access to content from ABC, CNN, DC, Discovery, Disney, Food Network, FX, HBO, HGTV, Hulu, Marvel, Pixar, Searchlight and Warner Bros. in ad-supported or ad-free plans. Customers will be able to…

  • Finance

    Hyundai’s finance unit illegally seized service members’ vehicles, feds allege

    Hyundai and Kia’s American financing arm repossessed more than two dozen vehicles leased by U.S. military service members without first getting court orders, as legally required, federal prosecutors alleged on Wednesday. Hyundai Capital America, a wholly-owned subsidiary of Hyundai Motor America and Kia America, violated the Servicemembers Civil Relief Act between 2015 and 2023 by reclaiming 26 vehicles owned by service members who began paying off their loans before starting active duty, according to a lawsuit filed by the Department of Justice in federal court in Los Angeles.  In 2017, for instance, Hyundai Capital America seized and sold a a…