MoneyWatch

A nationwide shortage of baby formula is particularly acute in some U.S. states, where parents report going to stores in search of the product only to find empty shelves. At retailers across the U.S., 43% of the top-selling baby formula products were out of stock as of the week ending …

A financial adviser at JPMorgan Chase is suing the banking giant, alleging that executives violated federal employment laws by discriminating against her because she’s a woman. Lawyers for Gwendolyn Campbell, 53, said in a lawsuit that JPMorgan is creating a difficult working environment, accusing management of allowing male financial advisers at the …

Twitter has agreed to be acquired by Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon. “The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders,” Bret Taylor, the company’s independent …

Some of the nation’s largest retailers have been using soaring inflation rates as an excuse to raise prices and rake in billions of dollars in additional profit, a corporate watchdog group charged on Friday.  Companies such as CVS Health, Kroger and T.J. Maxx parent company TJX appear to have raised …

Black and Hispanic Americans are paying extra money to secure rental housing in the U.S. compared with Whites, according to Zillow. In a report this week, the real estate data firm said that, regardless of race, Americans paid an average of $700 in security deposits when renting an apartment. Yet renters of …

Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space. But Guerra was fine with the apartment’s shortcomings. It was all part of being a 32-year-old graduate student in South Florida, she reasoned, and she was happy to live there for …

It will no longer be possible to play video games on a Tesla console while the vehicle is in motion, federal auto safety regulators announced Thursday. The National Highway Traffic Safety Administration said that Tesla will send out a software update so the function called “Passenger Play” will be locked …

Meat eaters worried about climate change can soon put their money where their mouth is by purchasing steaks produced with a reduced carbon footprint.  Americans already willing to pay more for organic food and grass-fed cattle would likely fork over more money for more sustainable steak, reasons Colin Beal, whose …

A tight U.S. labor market is helping drive substantial raises for millions of Americans, with workers’ typical hourly earnings jumping nearly 5% in the last year. The only problem? Inflation is not only erasing much or all of those gains, but pushing many workers into the red. Once inflation is …

A record number of Americans are quitting their jobs across the U,S., a trend some have dubbed the “Great Resignation.” But the phenomenon is making an outsized impact in some regions: In Georgia, Kentucky and Idaho, more than 4% of workers voluntarily left their jobs in August — the highest …