FDA approves some Apple AirPods to be used as hearing aids
An upcoming Apple software update will allow some AirPods to double as over-the-counter hearing aids. Only 1 in 6 American adults with hearing loss wears hearing aids.
Economy
Boeing's machinists union go on strike after voting to reject a tentative contract
Boeing's machinists union voted overwhelmingly to reject a tentative contract agreement, joining unions in other industries that have taken advantage of a strong labor market to make bold demands.
Shein and Temu face a big change to how they ship cheap Chinese goods
New White House rules would close a tax loophole that lets Shein and Temu cheaply ship from China to American shoppers. The Biden administration says it undercuts U.S. workers, retailers and manufacturers.
China is raising its retirement age, now among the lowest in world's major economies
In an effort to address its shrinking population and aging work force, over 15 years, China will raise the retirement age for men to 63, and for women to 55 or 58 years depending on their jobs.
Union autoworkers won big after striking. A year later, some face an uncertain future
Last fall's strike against Ford, GM and Stellantis yielded record contracts for autoworkers. With a slowdown in car sales, Stellantis workers now face job cuts, production slowdowns and uncertainty.
Boeing machinists go on strike after rejecting contract
The deal would have raised wages by 25%, lowered employees’ share of health care costs, and boosted retirement contributions by the company. But many rank and file union members were unhappy.
Why a lawyer enrolled in trade school
Darnell Epps is a Yale trained lawyer who is bent on solving a non-legal problem: a shortage in manufacturing workers. He enrolled at vocational school to get a better idea of the job market.
Navient reaches $120 million settlement for misleading student loan borrowers
According to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.
Shoppers and workers that stand to be affected by a Kroger-Albertsons merger weigh in
The FTC is alleging that the proposed merger between Kroger and Albertsons would lead to higher prices for consumers and weakening the power of workers.
After more than a century, the Campbell's company drops 'soup' from its name
The Campbell Soup Company's CEO said the "subtle yet important change" to the name adopted in 1922 better reflects the broad number of products it makes.