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Tuesday, October 22, 2024

CONSUMER

GM sued for smart key defect, class action lawsuit alleging easy theft from hackable key fob

A Korean-American woman has filed a class action lawsuit against automaker General Motors (GM). The woman alleges that her vehicle was stolen due to a...

Electricity price jumps 28.5% per kWh, costing consumers $300 in utility bill per person a month

The rising cost of electricity is putting a strain on consumers, as they are using more electricity amid climate change-induced heat waves. CBS News reported...

Policyholders to see big surge in premium soon as 43 insurers requests price hike

More than 40 homeowners' and auto insurers are pushing for rate hikes, potentially putting more pressure on consumers. The highest increase requested was 42.9%...

Rising COVID-19 cases spark vaccine urgency, but uninsured could pay up to $200 for shot

As COVID-19 cases rise once again, health authorities are encouraging people to receive the latest vaccines. However, it has been revealed that uninsured individuals...

Taxpayers receive incorrect delinquency and levy notices as IRS resumes tax collection

As the IRS has resumed sending delinquency notices and stepped up collection of unpaid taxes, taxpayers are increasingly receiving notices of tax delinquency and...

Younger travelers are choosing sports and adventures over sightseeing while spending doubled

Travelers are now demanding adventure tours that include outdoor activities rather than just sightseeing, according to a new report. According to the “2024 The Outdoor...

Last chance to get CDs with APY above 5% as Fed’s rate cut draws near, experts say

With the possibility of a September rate cut now almost being at certainty, consumers are turning to certificates of deposit (CDs) as a safe...

Younger generations now rent nearly everything from luxury clothes, furniture, to home appliances

A Korean American man in his 20s spends about $100 to $200 per month renting furniture, clothes, hiking gear, and repair tools. He said...

Refurbished Samsung Galaxy with trade-in becomes popular after company announces AI update

In the race to launch the next generation of smartphones with artificial intelligence (AI) capabilities, Samsung Electronics has announced that even some of its...

Scammers are impersonating Best Buy and PayPal in e-mail and texts to steal money

As more people use their smartphones to shop and send money online, consumers need to be on the lookout for increasingly sophisticated scams, including...