Volkswagen’s leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff. The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi,…

American families are increasingly being pushed past their financial limits at the grocery checkout counter, turning to credit card debt just to keep food on the table, according to a new study. Data released Monday from the Urban Institute found that a cumulative 32% increase in food costs over the…

More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of the power banks catching fire and causing burn injuries. Flaunt is recalling about 1,400 MagSafe battery chargers due to the risk of serious injury or death from fire and burn hazards, according to the U.S. Consumer…

Delta Air Lines sees higher fares staying in place for consumers amid higher costs for fuel and other expenses, even if oil prices return to more moderate levels and allow jet fuel costs to decline in turn. Delta CEO Ed Bastian said on the company’s quarterly earnings call that the…

American consumers hoping for a swift end to years of inflationary pressures are facing a harsh reality check. While recent relief at the gas pump offered a temporary reprieve, corporate supply chain strains and the lingering effects of global trade and geopolitical shocks are expected to keep prices elevated for…

A California city is weighing a ban on drive-throughs after some residents expressed concern that a proposed In-N-Out could hurt air quality, worsen traffic and create safety issues for pedestrians and cyclists. The City Council in Culver City, California, passed a 45-day moratorium last month to prohibit permits for new…

Kia is issuing a new recall of more than 460,000 vehicles over a fire risk after an earlier recall affecting the same vehicles failed to resolve the problem, according to federal regulators. The recall affects 462,869 Kia Telluride vehicles from the model years 2020-2024, the National Highway Traffic Safety Administration…

Mortgage rates moved slightly higher this week but have remained relatively steady in recent weeks, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.49%, up from last week’s reading…

San Francisco pet owners are set to lose access to one of the pet care industry’s biggest brands with the upcoming closure of the city’s lone PetSmart location. PetSmart’s store located in the City Center shopping center on Geary Blvd. is set to close on July 19, according to a…

Costco rolled out a new change to its payment system, allowing customers to use their phones to make checkout times faster. The warehouse club has expanded its digital wallet feature that now enables members to link any Visa card to the Costco app and use their phones during checkout.”Costco is…