Federal Reserve reports consumers taking on more debt
Except for millennials, most are handling it well
The Federal Reserve has issued two reports showing that consumer debt is surging this year and that millennial consumers are having the hardest time handling it.
The New York Fed reports total household debt hit a new high in the second quarter of this year, rising by $82 billion to reach $13.29 trillion. Mortgage debt was the main driver, reaching $9 trillion. Car loans rose by $9 billion to $1.24 trillion, continuing a six-year upward trend.
At the same time, balances o...
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Zakah Life recalls various Kratom products8/21/2018
The products may be contaminated with Salmonella
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Mercedes-Benz recalls E400 Cabrios and E400 4Matic Cabrios8/21/2018
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Netflix tries to shut down rumors about it adding commercials8/20/2018
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What you don't know about health insurance can hurt you8/20/2018
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Top News
Congress considering new requirements for airlines8/8/2018
Legislation would set seat size requirements and limit fees
Locals and activists fight to stop a Louisiana pipeline that the operator insists most people want8/10/2018
The Bayou Bridge pipeline is partially financed by the same company behind the controversial Dakota Access Pipeline
NHTSA investigating alleged safety defect in Ford F-150 trucks8/13/2018
Five consumers have filed complaints saying that the seat belt pretensioners caught on fire, causing major damage to their vehicle
Google stores users' location regardless of privacy settings8/13/2018
A new investigation revealed Google’s tracking habits
FBI warns about potential ATM hacking scheme8/14/2018
By disabling fraud controls, hackers can withdraw large sums of money
News Categories
August 20, 2018
PepsiCo agrees to acquire SodaStream for $3.2 billion8/20/2018
The beverage giant has gained a foothold in the personalized in-home beverage market
Amazon is looking to buy a chain of movie theaters8/20/2018
Movie theaters could be Amazon’s next big venture
California bill seeks to ban restaurants from serving sugary drinks to kids8/20/2018
The bill would make water or milk default beverages for kids at restaurants
YouTube is a source of misinformation on plastic surgery8/20/2018
Researchers conducted the first study that evaluates videos on facial plastic surgery
Teachers made $160 million on Airbnb last year8/20/2018
A new report shows teacher hosts earned roughly one third of their total annual earnings during summer break
Model year 2019 Keystone Summerland recreational trailers recalled8/20/2018
The single propane bottle brackets mounting legs may break
World Organix recalls various Blissful Remedies products8/20/2018
The products are contaminated with high microbial loads
Mercedes-Benz recalls CLA250s, CLA250 4Matics, and CLA45 AMG 4Matics8/20/2018
The front passenger airbag may not be deactivated if a child seat is in the front
Xtava recalls Allure hair dryers8/20/2018
The hair dryer and power cord can overheat and catch on fire
Forest River recalls Cherokee Wolf Pup recreational trailers8/20/2018
The single propane bottle brackets mounting legs may break
August 17, 2018
FDA approves first generic EpiPen alternative8/17/2018
The new competition could help drive down the cost of the devices
The Weekly Hack: Forget Bitcoin. The real financial disruptors are virtual bank robbers8/17/2018
Shortly after the FBI warned that banks across the world are vulnerable to a hacking attack, one happened
FCC chief tells Congress he knew DDoS claim was false8/17/2018
But Ajit Pai says an investigation prevented him from revealing it
FDA warns of pet owners accessing opioids through their pets8/17/2018
The agency has issued a new safety resource guide for veterinarians
Kroger rolls out driverless grocery delivery service in Arizona8/17/2018
The grocery chain is teaming up with Nuro to provide same-day curbside delivery
NYU makes tuition free for all medical students8/17/2018
The school is concerned about the ‘overwhelming financial debt’ facing graduates
Chipotle to retrain its staff following food poisoning outbreak8/17/2018
Investigators found that the outbreak was caused by food left at unsafe temperatures
Scientists sequence wheat genome to produce heartier wheat and combat food shortages8/17/2018
The accomplishment was once deemed impossible by scientists
Gas prices fall a penny a gallon in the last week8/17/2018
Ample oil supplies have been a stabilizing factor
Two minivans earn IIHS Top Safety Pick ratings8/17/2018
But a third, the Toyota Sienna, falls short
Koehler-Bright Star recalls WorkSafe 3-D cell flashlights8/17/2018
The flashlights could ignitine in an explosive environment
Forest River recalls Prime Time Crusader fifth-wheel recreational trailers8/17/2018
The vehicle’s federal placard contains incorrect axle weight information
Marsee Baking recalls cookies sold at Café Yumm! restaurants8/17/2018
The products may contain peanuts, an undeclared allergen
Salt & Straw recalls Chocolate Gooey Brownie ice cream8/17/2018
The product may contain peanuts, an allergen not declared on the label
Mercedes-Benz USA recalls vehicles with front passenger airbag issue8/17/2018
The airbag may not be deactivated if a child seat is in the front
August 16, 2018
Coming to L.A. mass transit, a TSA contractor capable of ‘virtual pat-downs’8/16/2018
The Los Angeles Metro is the first mass transit system in the nation to adopt TSA technology
SEC reportedly subpoenas Tesla over Elon Musk tweets8/16/2018
A second former employee has stepped forward with quality and safety complaints
Do you really understand your frequent-flier program?8/16/2018
J.D. Power study suggests most consumers don't
Compared to the rest of the world, America is way behind in paid time off8/16/2018
Millennials among the worst at taking advantage of vacation time
California may backtrack on cancer warning labels on coffee8/16/2018
The ruling made in March could be rolled back
Aldi announces push toward fresh, organic food8/16/2018
The grocery chain will be adding more fresh, organic, and easy-to-prepare items to meet changing consumer demands
Sen. Elizabeth Warren unveils new bill to reshape capitalism8/16/2018
The bill would redistribute wealth and give more power to workers
Survey shows half of consumers don't want self-driving cars8/16/2018
Ford sees that as a signal to slow its testing
T-Mobile launches ‘Team of Experts’ to provide better customer service8/16/2018
Postpaid customers can access customer care employees directly instead of having to deal with a phone menu
Opioid deaths hit record high in 20178/16/2018
More than 72,000 Americans died from drug overdoses between 2017 and 2018
Subaru recalls model year 2019 Subaru Ascents8/16/2018
The vehicles may be missing spot welds on, or around, the B-Pillar
Alta recalls Redshift EXR and Redshift MXR motorcycles8/16/2018
The motorcycle may stall unexpectedly
Keystone recalls model year 2018-2019 Dutchmen Aerolite trailers8/16/2018
The trailer has improperly rated safety chains
Harbor Freight Tools recalls handgun safes8/16/2018
The safe can open without the use of a key or combination upon impact
General Motors recalls Chevrolet Express and GMC Savana vehicles8/16/2018
The Tire Pressure Monitoring System may be calibrated incorrectly
August 15, 2018
Uber reveals new plans following NYC ridesharing cap8/15/2018
The company is plotting ways to grow despite the current limitations
Study finds glyphosate in most oat food products8/15/2018
Everything from oatmeal to snack bars contain traces of the herbicide
Lawmakers want to know when Ajit Pai knew FCC’s cyberattack claim was false8/15/2018
Democratic lawmakers want to know why the agency didn’t inform consumers of the falsity of its claim sooner
Southwest places new limits on animals traveling with passengers8/15/2018
'Emotional support' animals will be limited to dogs and cats
Vaping may cause lung disease, new study claims8/15/2018
Researchers say that vaping can damage important immune system cells that protect the lungs
MoviePass confesses to $126 million quarterly loss and faces a lawsuit from investors8/15/2018
Debt and disgruntled subscribers continue to mount for the beleaguered ticketing service
A new Instagram hack locks users out of their accounts8/15/2018
Furious consumers say the platform isn’t giving them any real help
CDC monitoring a measles outbreak8/15/2018
More than 100 people in 21 states have reported contracting the virus this year
Consumer credit scores rise as changes at credit reporting agencies take effect8/15/2018
An overhaul resulted in an average increase of 11 percent, a new study finds
Greenpeace says supermarkets have improved seafood sustainability8/15/2018
However, the environmental group says efforts to curb plastic have fallen short
Hyundai recalls model year 2018 Genesis G80s8/15/2018
The front passenger airbag may not function properly
H&H Sports recalls VCAN V531 motorcycle helmets8/15/2018
The helmet may not stay secured to the rider's head in the event of a crash.
Forest River recalls Palomino hardside truck campers8/15/2018
The federal placard contains an incorrect weight listing.
Camber Pharmaceuticals recalls Valsartan tablets8/15/2018
Trace Amounts of N-Nitrosodimethylamine impurity were found in an active pharmaceutical ingredient
Model year 2018 Chrysler Pacificas recalled8/15/2018
The vehicle may suffer a loss of drive or move while in the "Park" position
August 14, 2018
FBI warns about potential ATM hacking scheme8/14/2018
By disabling fraud controls, hackers can withdraw large sums of money
FCC blocked from ending Tribal internet subsidy8/14/2018
Apples court rules the agency likely to lose its court case
Cryptocurrency market loses 10 percent of its value in 24 hours8/14/2018
Bitcoin continues its slide, falling below $6,000
Wells Fargo considering lending to students with government debt8/14/2018
The bank is seeking to improve its reputation while building relationships with college-aged consumers
Scientists propose a new lead for Alzheimer's research8/14/2018
A new study by scientists at the University of Adelaide may have some answers
McDonald’s investing $6 billion on modernization of its restaurants8/14/2018
The fast food chain’s upgrades are slated to run throughout 2018 and 2019
Researchers find security flaws in most tracker apps8/14/2018
The devices’ unencrypted data is apparently easily accessible
FDA approves marketing of first ‘digital birth control’ app8/14/2018
Trials suggest that the Natural Cycles app is around 98 percent effective with perfect use
Chase teams with Expedia to beef up travel card perks8/14/2018
Cardholders will get extra booking options through Expedia's network
Forest River recalls Rockwood and Flagstaff trailers8/14/2018
The trailer wheels may lock up
Bobcat recalls utility vehicles8/14/2018
The exhaust header pipe can crack, posing burn and fire hazards.
Chrysler recalls Jeep Cherokees and Chrysler Pacifica non-hybrids8/14/2018
The transmission may not transmit engine power to the wheels
Vitamix recalls Ascent and Venturist series blending containers8/14/2018
The containers can separate from the blade’s base exposing the blades
Model year 2016-2017 GEM E2, E4, E6 and ELXDles recalled8/14/2018
The vehicle can become inoperative or go in the opposite direction than intended
August 13, 2018
Bayer stocks tumble after $289 million verdict against Monsanto8/13/2018
A jury’s ruling that Roundup causes cancer comes shortly after a controversial merger between two seed giants
SEC issues warning about self-directed IRA fraud8/13/2018
Included is a special cautions about the promise of cryptocurrency investments
NHTSA investigating alleged safety defect in Ford F-150 trucks8/13/2018
Five consumers have filed complaints saying that the seat belt pretensioners caught on fire, causing major damage to their vehicle
Former SEC Chair says Elon Musk could be in 'deep yogurt'8/13/2018
Tweets about taking Tesla private may have violated securities laws
Consumer agency ending routine audits of lenders8/13/2018
Consumer Financial Protection Bureau will only act on consumer complaints
MoviePass now limiting subscribers to two movie choices per day8/13/2018
The company says its policy change was made in an effort to stay financially stable
Facebook pushes back on report it told news publishers it would let them die8/13/2018
The social media giant is saying the comments were taken out of context
Google stores users' location regardless of privacy settings8/13/2018
A new investigation revealed Google’s tracking habits
Researchers say security vulnerabilities lurk in most fax machines8/13/2018
It may be old technology but these devices can infect your network with the latest malware
Spotify testing feature that would allow free users to skip ads8/13/2018
The new feature would allow Spotify, as well as advertisers, to glean more insight into a user’s tastes
Chrysler recalls model year 2018 Jeep Cherokee all-wheel-drive vehicles8/13/2018
The vehicle could suffer a loss of drive or move while in the "Park" position
Noble Grill recalls Premium brand Pork Tenderloin Supreme Pepper8/13/2018
The product contains mustard, an allergen not declared on the label
Ducati recalls Panigale and Hypermotard motorcycles8/13/2018
The friction material on the rear brake pads may detach from the backing plate
Country Favor recalls Best Taste brand Snack Ginger Sliced8/13/2018
The product contains sulfites not declared on the label
Polaris recalls model year 2011-2016 GEM electric vehicles8/13/2018
The lower main frame tube may crack