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Happy Monday! It's Charisse Jones with the Daily Money headlines to get your week started. |
Ford, Hyundai and BMW are among the car manufacturers who are recalling over 391,000 vehicles for reasons ranging from faulty camera systems to leaky fuel tanks. |
The carmakers reported the issues to the U.S. National Highway Traffic Safety Administration last week. |
The recalled vehicles include 382,759 Ford Explorers, Corsair SUVs and Lincoln Aviators that have a flawed back-up camera system that turns the video monitor blue, and 326 2022 Hyundai Santa Fe Hybrid Plug-in cars with faulty fuel tanks. |
To see if your vehicle is being recalled, check USA TODAY's automotive recall database or the database provided by the NHTSA. |
The food industry also had a recall. Nearly 53,000 pounds of sausage products from Rhode Island-based Daniele International LLC are being recalled because they might be contaminated with listeria, according to the U.S. Department of Agriculture. |
No illnesses have been reported, but the ready-to-eat salamis and Italian- and Spanish-style charcuterie platters were marketed under several brand names. |
Business lunches in 2022 get a big tax break |
Companies and small business owners filling out their 2022 returns may be in for a treat. |
If they bought business-related meals and beverages for their employees from a restaurant in 2021 and 2022, they could deduct 100% of the cost. That's up from the 50% deduction for those meals that was in place before the pandemic. |
But the deduction doesn't apply if you bought your staffers lunch from a supermarket or vending machine. And it will drop back down to 50% this year. |
| Ford has been one of the car company stars of the past year. Now it faces rising costs and a recession. Is its dividend safe? | BalkansCat / iStock Editorial via Getty Images | |
π° More stories you shouldn't miss π° |
Drug makers are hiking prices. Pharmaceutical companies like Pfizer and AbbVie raised the costs of nearly 1,000 drugs in January. |
ChatGPT can't replace you – yet. The free online program can answer questions and write essays but doesn't know truth from fiction and is working with a lot of information that is outdated. |
Ford cuts prices to compete with Tesla. Ford said that it will make some 2023 Mustang Mach-E SUV models thousands of dollars cheaper in a move likely meant to counter a similar price cut by rival Tesla. |
π Today's Menu π |
Whew. Chicken wing prices drop just in time for the Super Bowl. Despite inflation, Super Bowl party favorites like chicken wings and guacamole will be cheaper this year according to a Wells Fargo report. |
About The Daily Money |
| Target children's Pillowfort weighted blankets are being recalled. | CPSC | |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you. |
Follow Charisse Jones on Twitter: @charissejones |
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