MoneyWatch

Motley Crue guitarist Mick Mars sued bandmates, claiming he was fired for degenerative disease

Guitarist Mick Mars has filed a lawsuit against Mötley Crüe, alleging the ’80s hair metal band is trying to kick him out of the group and reduce his ownership stakes because of a debilitating illness. Mars, 71, says in his claim that he has suffered from a “horrific” disease for …

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Arizona Dairy Queen’s big red spoon found after going missing

A giant red spoon that was stolen from an Arizona Dairy Queen and sparked a mystery on social media was found Monday morning, and it’s partly thanks to Pokémon GO. Michael Foster, 52, was playing the outdoor mobile game when he spotted the 15-foot spoon around 7 a.m. It was …

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Judge rules online archive’s book service violated copyright

A federal judge has sided with four publishers who sued an online archive over its unauthorized scanning of millions of copyrighted works and offering them for free to the public. Judge John G. Koeltl of U.S. District Court in Manhattan ruled that the Internet Archive was producing “derivative” works that …

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Credit card debt has risen, here’s how to pay it off

Americans are sinking into debt after hunkering down and building their financial savings during the pandemic.  The sharp rise in credit card debt has been a long time coming, with Americans increasingly relying on plastic to make purchases. But the increase is largely driven by factors like inflation and high credit …

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Albuterol shortage could worsen amid asthma drug maker’s closure

A shortage of albuterol, a widely used drug for the treatment of asthma and respiratory syncytial virus (RSV), could worsen after a major manufacturer, Akorn, shuttered three of its facilities last month. Akorn, a generic drug maker which filed for Chapter 7 bankruptcy last month, shut down its facilities in …

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U.S. recession expected to start later than previously predicted

A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. Fifty-eight percent of 48 economists who responded to a survey by the …

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Here’s how much home values fell in 2022

The value of the U.S. housing market plunged $2.3 trillion between June and December last year, which as a percentage of the overall sector amounts to the steepest plunge in 15 years, according to new real estate data. Total home values fell to $45.3 trillion at the end of 2022, down …

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McDonald’s to roll out plant

McDonald’s McNuggets are going fowl-free. The Chicago-based fast food giant is introducing plant-based McNuggets next week. Germany will be the first market to get them. McPlant Nuggets — made from peas, corn and wheat with a tempura batter — are the second product McDonald’s has co-developed with Beyond Meat, an …

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Utilities are cutting off power for millions amid rising costs

A growing number of Americans are getting their power shut off, as rising costs of living force consumers to choose between keeping the lights on and paying for food, rent or transportation. Last year, utilities cut off power to an estimated 4.2 million households, according to a report released this …

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Economic growth remains solid, shrugging off recession fears

The U.S. economy ended last year on a solid footing despite the pressure of high interest rates and widespread fears of a looming recession. The Gross Domestic Product — the sum of all goods and services that make up the economy — expanded at a 2.9% annual pace from October …

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