MoneyWatch

Medicaid enrollment is at an all

Medicaid coverage swelled during the COVID-19 pandemic, with almost one in four Americans now covered by the health insurance plan for low-income people. But as many as 15 million people may be at risk of losing coverage this year as a pandemic rule winds down.  Before the public health crisis, …

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Lenders push “predatory” puppy loans at pet stores across the U.S., group says

Consumer and animal welfare advocates are decrying high-cost loans they say are being offered at pet stores across the U.S. to help people buy puppies. Ogden, Utah-based Transportation Alliance Bank, or TAB Bank, is helping a lending business called EasyPay Finance bypass state interest rate caps and make pet loans …

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Tesla won’t roll out new models in 2022 because of chip shortages

Consumers awaiting the arrival of the Tesla Cybertruck will have to wait at least another year for their wheels.  Although the company predicted it would be able to build 50% more vehicles than it made last year, Tesla CEO Elon Musk said Wednesday the global chip shortage would stop the …

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“Worst” house on “best block” in San Francisco fetches nearly $2 million

Location, location, location. A decaying, 122-year-old Victorian marketed as “the worst house on the best block” of San Francisco has sold for nearly $2 million — an eye-catching price that the realtor said was the outcome of overbidding in an auction. A developer’s $1.97 million cash offer for the 2,158-square-foot …

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Safeway, Whole Foods among retailers that sold recalled pork products

Roughly 2.3 million pounds of fully cooked ham and pepperoni products possibly tainted by listeria and recently recalled were sold at more than 500 retail locations across the U.S., according to the U.S. Department of Agriculture. Albertsons, Big Y, Piggly Wiggly, Safeway, ShopRite and Whole Foods are among the grocers …

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Safety questions raised as rescuers scour Kentucky candle factory debris

The Mayfield Consumer Products factory was the third-biggest employer in this corner of western Kentucky, an important economic engine that churned out candles that lined the shelves of malls around the U.S. But why its workers kept making candles Friday night as a tornado bore down on the region remains …

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More states considering bans on gas

After California became the first U.S. state to ban gas-powered lawn mowers and leaf blowers earlier this year, more states, including New York and Illinois, are mulling over similar measures. How quickly other states follow suit depends on the companies that make electric lawn care equipment, one expert told CBS …

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Looking to buy your first home? Good luck: You’ve got about one week

House-hunters, start your engines. Even as home prices surge to record highs, properties across the U.S. are selling faster than ever, typically getting snatched up after only one week on the market.  That’s the shortest stretch in home-selling history, according to the National Association of Realtors (NAR). Before the pandemic, …

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Port of Los Angeles going 24/7 to help relieve U.S. supply chain backup, White House says

Washington — White House officials say they helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-day-a-week operation, part of an effort to relieve supply chain bottlenecks and move stranded container ships that are argued that higher inflation is temporary for U.S. consumers. President Joe …

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Facebook executive says company doesn’t profit off underage users

Facebook’s global head of safety defended the company against accusations it harms children’s mental health in a Senate hearing Thursday, pushing back against claims that the social media giant exploits young users for profit. The hearing before the Senate subcommittee on Consumer Protection, Product Safety and Data Security marked the …

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