MoneyWatch

A multistate chain of car dealerships based in Illinois will pay $10 million to settle a lawsuit accusing the company of illegally charging customers hundreds of dollars in extra fees without their consent. The Federal Trade Commission filed a deceptive practices complaint against Napleton Automotive Group of Oakbrook Terrace, Illinois, last …

Although many Americans may prefer that the U.S. stay out of the conflict between Russia and Ukraine, the brewing violence and political fallout are already hurting their wallets. The price of oil, which has been rising over the past year, hit an eight-year high this week as traders reacted to …

CNN President Jeff Zucker is stepping down effectively immediately, according to the cable network. In a memo cited by CNN, Zucker said he had had a “consensual relationship” with a colleague that he failed to disclose when it began.  CNN didn’t immediately return a request for comment from CBS MoneyWatch. …

Inflation soared 7% in 2021, the biggest increase in nearly 40 years, the Labor Department said on Wednesday. The Consumer Price Index, which tracks the price of a broad range of goods and services, increased 7% from the year before in December, although its rate of month-to-month increases slowed from …

Jack Dorsey, who co-founded social media giant Twitter in 2006, is stepping down as CEO, he said Monday. Dorsey, 45, will remain on Twitter’s board of directors until next May, according to an email to staff that Dorsey tweeted. Twitter’s chief technology officer, Parag Agrawal, will replace Dorsey as CEO …

Detroit — Deere & Co. workers approved a new contract Wednesday that will deliver 10% raises immediately and end a monthlong strike by more than 10,000 employees. The United Auto Workers union said 61% of its members approved the deal with the tractor maker on their third vote, even though …

Former president Donald Trump’s brand-new social media company is hitting it big on Wall Street, with its stock surging more than 800% since Wednesday. But the frenzy around the stock — and the company’s lack of financial results — is sparking comparisons to so-called meme stocks like Gamestop.  Shares of …

The Texas law that bans abortions after six weeks of pregnancy includes an unusual measure designed to ensure the law is enforced: Residents of the state can sue clinics, doctors, nurses and even people who drive a woman to get the procedure, for at least $10,000.  That financial incentive was …

A bipartisan infrastructure deal being negotiated in the U.S. Senate could create roughly half a million new manufacturing jobs by 2024, the end of President Biden’s first term, an analysis conducted on behalf of the trade group Association of Equipment Manufacturers found. The analysis by IHS Markit assumes the manufacturing jobs would …