Consumer Archives

Exclusive: UBS quietly bans advisers from pitching booming SPACs to clients

March 18, 2021 4:08 PM CNN

UBS, a major player in the blank-check boom captivating Wall Street, has quietly banned its financial advisers from pitching SPAC stocks to wealth…

Treasury yields rise again, spooking the stock market

March 18, 2021 1:04 PM CNN

Wall Street stumbled on Thursday, with energy and tech stocks selling off, and the 10-year Treasury bond yield climbing to a new 13-month high. Just…

Jobless claims are still higher than during the Great Recession a year after the pandemic started

March 18, 2021 7:49 AM CNN

A year after the pandemic shut down the US economy, America’s workers are still hurting. For the past 12 months, first-time claims for jobless…

Amazon warehouse worker testifies to Senate: ‘My workday feels like a 9-hour intense workout every day’

March 17, 2021 2:10 PM CNN

An Amazon warehouse employee testified before the Senate Budget Committee on Wednesday about the “grueling” working conditions that led…

Fed expects rate hikes can hold off until at least next year

March 17, 2021 12:57 PM CNN Newsource

The Federal Reserve left interest rates near zero Wednesday and said it would continue to use all the tools in its arsenal to support the still…

Justin Long, the ‘I’m a Mac’ actor, defects from Apple

March 17, 2021 12:05 PM CNN

“I’m a Mac” actor Justin Long is now a PC guy. Nearly two decades ago, Long extolled the benefits of Mac computers while playing…

Amazon’s grocery chain is growing. It isn’t Whole Foods

March 17, 2021 11:43 AM CNN

Four years after Amazon bought Whole Foods, the e-commerce giant is making another major push to sell shoppers groceries. But this time, Whole Foods…

Tinder to let users run background checks on dates

March 17, 2021 9:03 AM Dominique Newland, CNN

(KYMA, KECY/CNN) – Feeling uneasy about your future Tinder date? For a yet-to-be-determined price, Tinder users will be able to do a background check…

SPAC fundraising is up an insane 2,000% from a year ago

March 17, 2021 9:03 AM CNN

The SPAC market is so hot that this year’s fundraising haul has already surpassed all of 2020’s. And it’s not even April.…

US economy can ‘definitely’ withstand tax hikes, BlackRock’s Rick Rieder says

March 17, 2021 5:59 AM CNN

As business leaders warn about the risks of a corporate tax hike, the world’s largest asset manager is decidedly unfazed. The resurgent US…

Uber’s UK drivers to get paid vacation, pensions following Supreme Court ruling

March 17, 2021 3:18 AM CNN

Uber is reclassifying its 70,000 drivers in the United Kingdom after the UK Supreme Court upheld a ruling last month that they should be classified…

New Instagram restrictions

March 16, 2021 6:46 PM Mercedes Martinez

Instagram to restrict direct messages between teenagers and…

This town powered America for decades. What do we owe them?

March 16, 2021 7:33 AM CNN

This Wyoming coal town is a place of contradictions. At dawn, the land looks heavenly: Winds rattle the sagebrush; cotton-candy skies make a dusting…

3D Printed Homes

March 15, 2021 5:33 PM Mercedes Martinez

There’s a new kind of home going on the market that some say could change a…

Gas prices up 60 cents

March 15, 2021 7:55 AM Dominique Newland

(KYMA, KECY/NBC News) – Gas prices have gone up almost every day since the year began. Even though it’s only a few pennies at a time, it quickly…

Nearly three million women have left the workforce during the pandemic

March 12, 2021 6:42 PM Mercedes Martinez

Many women have left the workforce during the pandemic, including many…

Uber and Lyft have created an industry sharing safety program

March 12, 2021 5:46 PM Mercedes Martinez

Uber and Lyft are relaying information to each other about drivers who have a criminal…

Canoo unveils what might be the world’s cutest electric pickup

March 12, 2021 7:47 AM CNN

With no need to house a big engine under a long hood, electric pickup truck designers are getting creative with shapes. There’s Tesla’s…

Nearly Half Of Americans Missed A Payment During Pandemic

March 11, 2021 11:16 PM Christian Galeno

(KYMA/KECY) – It has been almost a year since COVID-19 was officially declared a national emergency in the U.S. Since that time — nearly half of…

Suspense builds on Wall Street over expiring Covid relief for big banks

March 11, 2021 1:26 PM CNN Newsource

With the economy crashing and markets in chaos last spring, the Federal Reserve handed out get out of jail free cards to America’s big…