Tag Archives: MoneyWatch

Apple event: What to know about its virtual reality headset release

Apple on Monday unveiled its long-awaited virtual reality headset, called “Vision Pro” — the technology giant’s first major product launch since releasing its AirPods earbuds in 2016. The device, which is priced at a hefty $3,499, for now is aimed at developers of video games and other applications, rather than …

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Kentucky man wins $1 million lottery ticket during emergency fuel stop: “I ran out of gas”

A Kentucky man made an emergency stop at a gas station with just $40 in his pocket. Spending all his cash, he left with $20 worth of fuel in his tank and over half a million in hand. Michael Schlemmer of Corbin, Kentucky, spent $20 on a winning “$1,000,000 Luck” …

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GOP is pushing work requirements in debt limit talks — but experts say they don’t work

Among Republican lawmakers’s list of demands in their debt-ceiling negotiations with the Biden Administration is a push to add more work requirements for the food-stamp, Medicaid and Temporary Assistance for Needy Families (TANF) programs. One big problem, experts say, is that there’s little evidence that such rules actually help people get …

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Starbucks charging $1 for “no water” Refreshers request, angering brand loyalists

Starbucks is famous for encouraging customers to create their own personalized concoctions. But at least one of those special requests will now cost you extra.  Starting Tuesday, the coffee chain will charge customers a dollar extra to get their Refresher beverages made without water, angering some brand loyalists. Starbucks said …

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Workers noticed “rotten egg” smell before chocolate factory explosion

Workers at a Pennsylvania chocolate factory smelled “rotten eggs” before a powerful natural gas explosion that leveled one building, heavily damaged another and killed seven people, federal safety officials said Tuesday in a preliminary report. The National Transportation Safety Board’s five-paragraph account of the fatal explosion confirmed earlier reporting by The …

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Southwest Airlines temporarily grounds all flights over technology problem

Southwest Airlines has resumed flights after grounding all planes in the U.S. following a technology glitch. In a statement at 11 a.m. Eastern time, the budget carrier said it had “resumed operations” after requesting a ground stop Tuesday morning “to work through data connection issues resulting from a firewall failure.” …

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Sriracha shortage: Huy Fong Foods says drought led to supply crunch

Fans of Sriracha are grappling with a new shortage of the popular chile-based sauce as its manufacturer experiences an “unprecedented” inventory crunch stemming from last year’s drought. Huy Fong Foods, the hot sauce maker, told CBS MoneyWatch it has a “limited supply” of the sauce despite resuming “some production” last …

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Target sued by woman and 9

Two November stabbings in a Target store in downtown Los Angeles that left a 9-year-old boy and 25-year-old woman hospitalized have prompted lawsuits, CBS Los Angeles reports. The unprovoked stabbings happened when a homeless man walked into the store and grabbed a 9-inch “butcher-style knife” off a shelf and randomly pick his …

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Sam Bankman

FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a rewritten indictment unsealed Tuesday. The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act means Bankman-Fried faces …

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Silicon Valley Bank leaders “failed badly,” Fed Chair Jerome Powell says

Federal Reserve head Jerome Powell excoriated the leadership of Silicon Valley Bank on Wednesday, painting the second-largest bank failure in U.S. history as an isolated instance caused by poor judgment. “At a basic level, Silicon Valley Bank management failed badly,” Powell said in a press conference to discuss the Fed’s …

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