MoneyWatch

Less than a week after laying off thousands of Twitter employees, new owner Elon Musk is firing staffers who disagree with him — sometimes publicly. On Monday, Musk tweeted that he fired an engineer at the company who had publicly disagreed with him about the Twitter app. Musk had tweeted …

A federal appeals court on Monday blocked the Biden administration’s student loan forgiveness plan, placing yet another obstacle in the way of a program that had promised to forgive up to $20,000 in student debt for about 40 million Americans.  The ruling from the 8th Circuit Court of Appeals comes …

Stellantis is warning owners of 276,000 older vehicles to stop driving them after several incidents in which Takata air bags apparently exploded, killing three more people. The company, formerly Fiat Chrysler, is telling people to stop driving Dodge Magnum wagons, Dodge Challenger and Charger muscle cars and Chrysler 300 sedans …

Facebook parent Meta Platforms is making a huge investment in virtual reality, but its actual reality is looking like a real disaster.  Meta shares tumbled 24% on Thursday to its lowest level in nearly four years following an earnings report that one Wall Street analyst described as a “train wreck.” …

Texas is suing Google, claiming the internet company illegally collects facial and voice-recognition data on millions of residents of the state without their consent. Google, which is owned by Alphabet, is violating a state consumer protection law that requires people both be informed and grant their consent before their biometric …

U.S. stocks soared Thursday, with gains of 2% and above across all major indexes, after falling sharply in opening trading on an unexpectedly hot inflation report that strengthened the Federal Reserve’s position on the need for more aggressive interest rate hikes. The S&P 500 rose 84 points, or 2.4%, to close …

A Southwest Airlines pilot is suing the company, her union and a former colleague who pleaded guilty last year to dead-bolting the cockpit door during a flight and stripping naked in front of her. Christine Janning alleges that Southwest retaliated by grounding her after she reported Michael Haak to the …

In case the U.S. economy wasn’t hurting enough already, the Federal Reserve has a message for Americans: It’s about to get much more painful. Fed Chair Jerome Powell made that amply clear last week when the central bank projected its benchmark rate hitting 4.4% by the end of the year …

Juan Pinon, an electrical engineer in McAllen, Texas, struggled with credit card debt for years. It wasn’t until he confided in his sister that he began to turn things around. “It just so happened that one day I opened up to my sister, and she confessed to me that she …

Stocks rose on Wall Street after swaying between small gains and losses for much of the day as investors brace for another big interest rate increase this week from the Federal Reserve. The S&P 500 gained 27 points, or 0.7%, to close at 3,899. The Dow Jones industrials rose 197 …