MoneyWatch

Peloton shares slumped on Friday after the premiere episode of the “Sex and the City” reboot gave one of its devices a cameo role that took a decidedly morbid turn.  Shares of the exercise bike company fell more than 5% Friday after plunging as much as 10% in overnight trading. …

Inflation is inflicting financial pain on millions of U.S. households, with almost half reporting that higher prices are causing some form of hardship, according to a new survey from Gallup.  The study found that 45% of American families said they experienced either severe or moderate hardship due to inflation. Lower-income …

Americans are increasingly sour on the U.S. economy, with many of them pointing to the highest inflation in 30 years as cause for alarm. But Wall Street is shrugging off these concerns, as stocks are pushed higher and with the Dow Jones Industrial Index hitting a record 36,000 earlier this …

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion. The sales, disclosed in 10 regulatory filings late Wednesday, amount to about 3% of Musk’s stake in the company. After the transactions, Musk still …

Dole Fresh Vegetables is recalling bags of garden salad sold in 10 states after a sample tested positive for listeria monocytogenes, an organism that can cause serious and potentially deadly infections.  No illnesses have been reported in connection to the recalled garden salad sold in Alabama, Florida, Georgia, Louisiana, Maryland, …

Despite a global semiconductor shortage and supply-chain bottlenecks that have slowed the production of iPhones, Apple this week announced several new products. Those include a redesigned MacBook Pro laptop, new AirPod wireless headphones and even a $19 “polishing cloth” that’s generating buzz on social media. Apple announced two new processors for the …

Fresh off of a Congressional grilling alleging its products harm children, Facebook is rolling out several new features it says will better protect youth, including prompting teens to take a break using its photo-sharing app, Instagram, and “nudging” teens if they are repeatedly looking at the same content that’s not …

Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy. Even its serious proponents – who …

A recent NCAA decision allowing college athletes to monetize their fame has some students eager to start making endorsement deals. But the decision has also ushered in an entirely new line of business: sports agencies and consulting firms that specialize in name, image and likeness (NIL) strategies.   Companies like Altius …