Business

Feds warn banks on lending to unauthorized workers

The Trump administration on Monday released guidance from several financial regulators reminding banks and credit unions about the credit risks posed by lending to borrowers who aren’t authorized to work in the U.S. The guidance said that borrowers who aren’t legally eligible to work in the U.S. pose an elevated…

Why homebuyers are racing to this Pennsylvania port city

Homebuyers searching for a bargain have made a Pennsylvania port city one of the hottest housing markets in the country. Erie, Pennsylvania, is situated on Lake Erie and is the home of Pennsylvania’s only Great Lakes port and the community’s affordability and quality of life have helped vault it up…

Volkswagen CEO says automaker weighing 50,000 additional job cuts

Volkswagen’s leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff. The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi,…

MagSafe battery chargers recalled after reports of fires, burn injuries

More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of the power banks catching fire and causing burn injuries. Flaunt is recalling about 1,400 MagSafe battery chargers due to the risk of serious injury or death from fire and burn hazards, according to the U.S. Consumer…

Disney spotlights American businesses powering its magic in nation’s 250th year

From Alaska tour operators to California engineering firms, Disney is highlighting the American companies helping power its parks, cruises and attractions as the nation celebrates its 250th anniversary. The entertainment giant’s U.S. theme parks alone generate nearly $67 billion in total economic impact and support about 403,000 jobs nationwide. Across…