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Friday 17 May 2024

Nordstrom and Patagonia make peace

05:47

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Also: Feds pursue driverless car firm ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri May 17 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Betty Lin-Fisher is off, so we're filling in on Consumer Friday.

Nordstrom and Patagonia settled a counterfeiting lawsuit this week after the two clothing retailers dueled in federal court for nearly a year, Jonathan Limehouse reports.

Patagonia sued in 2023, alleging Nordstrom sold "thousands of counterfeit Patagonia sweatshirts and t-shirts" through its sister brand, Nordstrom Rack, according to the complaint filed in the U.S. District Court for the Central District of California.

Harsh words ensued. Yet, this week, the case went away. What happened?

Driverless car company under federal inquiry

Waymo, the autonomous driving company, is under investigation by federal safety regulators for reported driverless car crashes and traffic violations, the National Highway Safety Administration announced this week.

The agency opened a preliminary evaluation after receiving reports of nearly two dozen incidents where a Waymo vehicle was the sole vehicle operating during a collision, or the driving system allegedly violated traffic laws.

📰 More stories you shouldn't miss 📰

Roth 401(k) tax issues explained
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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Walmart customers who purchased certain weighted groceries or bagged fruit may qualify to be included in a $45 million settlement after a class action lawsuit claimed the retailer charged customers more than it should have for those products.

The lawsuit alleges Walmart falsely inflated product weight, mislabeled the weight of bagged produce, and overcharged for clearance items. 

Want to get in on the settlement? Read the story.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Pictured is alleged counterfeit Patagonia merchandise sold from a Nordstrom Rack store.

Patagonia agreed to settle a lawsuit filed against Nordstrom over 'obvious counterfeits' that were sold by the Seattle-based department store chain.

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Driverless car company under federal investigation after crashes, violations

Federal officials have opened an investigation into Waymo after receiving reports of crashes or traffic violations.

Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly
 

Supreme Court backs Biden, saves consumer agency from payday lenders

The Consumer Financial Protection Bureau issues rules on mortgages, car loans and credit cards. But critics said its funding was unconstitutional.

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2/23/08 1:22:06 PM -- Tomah, WI --Credit Cards -- Christie Carlson, 34, goes shopping at the Wal-Mart with her two of her children, Tanner, 5 (in cart) and Seth, 7, and boyfriend Mike Serns. Carlson, 34, who says that as living costs -- including gas, groceries -- rise, she's been forced to use her credit cards to make ends meet. As the economy gets worse, she worries that she'll have to rely even more so on plastic. Credit cards are   keeping Americans afloat like never before. As the economy worsens, dragging down retirement portfolios and salaries, consumers appear to be turning more than ever before to credit cards to pay for basic necessities. One telltale sign of this trend: While credit card debt is ballooning, consumers are pulling back on discretionary items like furniture and electronics and spending more on groceries and gas, according to government data. A growing number of people are even cashing out on their credit cards and using this money to pay overdue mortgage bills, say credit counselors. It?s not just blue-collar workers, but doctors and professionals who are being hit by the economic squeeze and   turning to plastic to make ends meet. A growing body of research shows that consumers are even paying their credit card bills before their mortgage bills and car bills, in a reversal from the historic trend. Photo by Andy Manis, Freelance ORG XMIT: AM 33572 Credit 2/23/2008
 

Nearly 1 in 5 Americans are maxed out on their credit cards

Almost one-fifth of credit-card borrowers were using at least 90% of their available credit in the first quarter of 2024, the New York Fed reports.

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Red Lobster closing at least 48 restaurants in US, liquidator says

Red Lobster locations around the US are shutting down as the brand considers Chapter 11 bankruptcy. Here's what we know about restaurant closures.

The Grandma McFlurry, made with syrup and crunchy candy pieces, will be available for purchase at McDonald's locations nationwide starting Tuesday, May 21.
 

McDonald's rolls out new McFlurry flavor made to honor grandmas

The Grandma McFlurry, a new McFlurry flavor made with hard candy and syrup, was inspired by grandmas everywhere.

Pictured is the The Lord of the Rings: Barad-Dûr Lego set
 

Lego unveils 'The Lord of the Rings' fortress: See the $459.99 set

A 5,471-piece Lego set inspired by the Barad-dûr fortress from the 'The Lord of the Rings' film series is set to debut in June for $459.99.

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Tens of thousands of guests visit Disney's Hollywood Studios on any given day. Here's what it takes to make sure they leave.

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