MoneyWatch

As the price of gas soars, some fill up by stealing it

Gas prices across the U.S. are so high that some people are stealing fuel from service stations to fill up their own vehicles or resell it to other motorists.  Members of a criminal ring in Tampa, Florida, were arrested last month after six men stole $60,000 worth of fuel from …

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Target to accept food stamps for online food purchases

Retail giant Target will let shoppers pay for online orders of food using SNAP benefits starting later this year, joining competitors Amazon and Walmart. Target customers will receive their food orders through the company’s delivery service arm Shipt, and the option to pay with food stamps  will likely begin in …

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Jobless claims hit another 50

Fewer Americans applied for unemployment aid last week than at any time in the last 50 years, a sign employers are retaining workers amid a tight labor market. Some 187,000 workers filed for jobless aid in the week ended March 19, the Labor Department said on Thursday. The numbers, adjusted …

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Florida and Texas governors face business backlash over anti

The governors of Florida and Texas are sparring with big business as some companies voice objections to new measures targeting LGBTQ rights in both states.  In Florida, Gov. Ron DeSantis called Walt Disney Co. “woke” after its muted objection to a bill that would ban classroom talk about sexual orientation …

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Kia recalls 410,000 vehicles because air bags might not work in crashes

Kia is recalling more than 410,000 vehicles in the U.S. to fix a problem that can stop the air bags from inflating in a crash. The recall covers certain Forte small cars from the 2017 and 2018 model years, and Sedona minivans and Soul small SUVs from 2017 through 2019. …

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Jobless claims plunge to their lowest level in 52 years

The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, with employers opting against layoffs amid a persistent shortage of workers. Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969, according to figures released by the …

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IRS says it’s boosting 2022 tax brackets due to faster inflation

The IRS said the income thresholds for federal tax brackets will be higher in 2022, reflecting the faster pace of inflation. That means a married couple will need to earn almost $20,000 more next year to enter the top tax bracket, with the tax rate set to remain at 37%.  …

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Zillow to lay off 25% of its workforce and shutter house

Zillow said Tuesday it is laying off a quarter of the real estate firm’s 6,400 employees as it shuts down the company’s house-flipping operation, a painful setback for a player that has sought to expand its role linking property buyers and sellers. In a statement explaining the abrupt move to pull …

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Inflation accelerated in September, with consumer prices growing 5.4%

Inflation accelerated in September, with consumer price pressures across America showing no sign of easing ahead of the all-important holiday shopping season. Consumer prices increased 5.4% from the year-ago period, slightly faster than their 5.3% increase the previous month and on par with the increases in June and July. Core …

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