Money
Inflation hit a three-year high in May, and energy did almost all of it
No relief in sight as Middle East troubles drag on
Latest
AI/Privacy
Meta quietly removes facial recognition code after backlash over smart glasses app
Consumer groups warn the move may be temporary and are calling for stronger biometric privacy laws and enforcement
Recalls
National Recall Roundup
Several new and continuing car recalls, not much action elsewhere
AI/Privacy
Nearly 1 in 5 young Americans turning to AI chatbots for mental health help, study finds
The number seeking help online is roughly the same as the number seeking help from professionals, study cautions
Health
GS Labs settles claims it overcharged patients and failed to deliver COVID-19 test results
The company 'exploited the huge demand for testing to make large profits,' the complaint alleges
Money
Home sales surge to the year’s fastest pace as mortgage rates climb back above 6.5 percent
Against every macro headwind, the housing market staged a small rebellion in May. Sales of previously occupied U.S. homes rose 3.2 percent from April to a seasonally adjusted annual rate of 4.17 million units, the fastest pace since December and a 3.2 percent gain from May
Recalls
Stellantis recalls 1.3 million Jeeps over a fire risk that 72 owners have already experienced
Power steering pump wiring can overheat and start a fire
U.S. retaliates against Iran on CPI eve as Stellantis recall balloons to 1.3 million Jeeps, Social Security insolvency moves up to 2032, and home sales unexpectedly surge
By Perplexity American consumers woke Wednesday to a sharper version of the same five-front squeeze that has defined this spring. Overnight, U.S. Central Command launched retaliatory strikes on Iran after Monday's downing of an Army Apache helicopter near the Strait of Hormuz, sending Brent crude back
Seniors
Social Security, Medicare face earlier depletion dates and growing long‑term shortfalls, trustees warn
The problem has been recognized for decades but leak of leadership delays action
Consumer Protection
California launches affordability task force to target unlawful price hikes and consumer abuses
The team will focus on alleged misconduct by corporations, landlords, scammers, and others contributing to rising prices and financial hardship
Consumer Protection
Consumer watchdog turns on its former master, snarls at 'woke' rules, protections
CFPB’s mission shifts as Trump allies reshape consumer watchdog
Money
Vermont moves to protect survivors from coerced debt
Vermont becomes the ninth state to enact specific protections against coerced debt, a growing form of economic abuse