[Fox Business] Tesla spontaneously catches fire, firefighters tag Elon Musk in social media post

A Tesla spontaneously caught fire last week while stored in a high-end auto yard, prompting responding firefighters to grab the attention of Elon Musk, head of the electric car company. 

Images shared by the Metro Fire of Sacramento show crews hosing down a burned black Tesla on Aug 2 in Rancho Cordova.

The vehicle was salvaged due to flooding in Florida and was idle when it burst into flames, authorities said. 

They also tagged Musk in a social media post describing the fire. 

ELON MUSK SAYS ‘FIGHT’ AGAINST MARK ZUCKERBERG WILL BE LIVE-STREAMED ON X

TESLA CFO ZACHARY KIRKHORN STEPS DOWN

“Crews are unable to move it to a safe location to burn out, the vehicle is blocked in and surrounded by millions of dollars in salvaged vehicles including Ferraris, Lamborghinis and Bentleys. @elonmusk,” the agency posted on X, the social media company formerly known as Twitter. 

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Several reports have documented Tesla vehicles spontaneously catching fire. In May, one model went into flames as its driver was Kona California freeway. 

Fox Business has reached out to Tesla, but has not yet heard back.

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[Fox Business] Krispy Kreme releases new pumpkin spice doughnuts, coffee drinks before autumn kicks off

Krispy Kreme is celebrating “Pumpkin Spice Season” on Monday by offering a collection of doughnuts and coffee drinks for autumn lovers to enjoy.

The beloved doughnut chain is offering four new doughnut flavors for a limited time. The Pumpkin Spice Cheesecake Swirl Doughnut features a “decadent” pumpkin buttercream and cream cheese icing swirl with a topping of cinnamon sugar.

Pecan lovers can purchase the Pumpkin Spice Maple Pecan Doughnut, which is hand-dipped in “rich” maple icing and topped with “perfectly crunchy candied pecan pieces.”

Customers looking for a more classic doughnut can purchase the Pumpkin Spice Original Glazed Doughnut, which bring “just the right amount of pumpkin spice flavor in every melt-in-your-mouth bite.”

MCDONALD’S DOING WIDER TEST OF KRISPY KREME DOUGHNUT SALES IN KENTUCKY

The fourth option is an old-fashioned Pumpkin Spice Cake Doughnut, which the chain calls one of their “most anticipated seasonal fan-favorites.” The crumbly cake donut is glazed and packed with pumpkin spice flavor.

The chain is also offering iced, frozen and hot Pumpkin Spice Coffees and Pumpkin Spice Lattes.

KRISPY KREME LAUNCHES TWIX DOUGHNUTS IN 1ST COLLAB WITH CANDY BRAND 

“The barista quality coffees are made from a limited-release pumpkin spice coffee blend, specially crafted with notes of pumpkin, nutmeg and cinnamon,” Krispy Kreme said in a press release.

“Year after year, we fall in love all over again with pumpkin spice-flavored treats, and this year pumpkin spice lovers will fall the hardest at Krispy Kreme,” Krispy Kreme Global Chief Brand Officer Dave Skena said in the release. “Combining two new pumpkin spice doughnuts with two fan favorites – we’re saying to the spice AND our fans, ‘P.S., we love you’!”

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Krispy Kreme’s Pumpkin Spice Collection is available in-shop or for delivery and pickup with the Krispy Kreme mobile app. Participating stores are also offering 6-packs of the Pumpkin Spice Cheesecake Swirl Doughnuts and Pumpkin Spice Cake Doughnuts, which are delivered daily.

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[Fox Business] Los Angeles workers set to go on 24-hour strike starting Tuesday

Los Angeles city workers are planning to go on strike for 24 hours starting Tuesday, joining thousands of others who are pushing for better wages and benefits. 

The strike, organized by SEIU Local 721, will include more than 11,000 workers in sanitation, mechanics and engineering. The workers are expected to picket in front of city hall and LAX. 

Per the Los Angeles Times, the union says the strike is in response to the city allegedly failing to bargain with their members in good faith and for alleged labor practices that restricted union rights. 

Los Angeles Mayor Karen Bass said city workers “are vital to the function of services for millions of Angelenos every day and to our local economy.” 

GEORGE CLOONEY, LEONARDO DICAPRIO AMONG A-LIST STARS DONATING MILLIONS TO HELP STRUGGLING ACTORS DURING STRIKE

“They deserve fair contracts, and we have been bargaining in good faith with SEIU 721 since January,” Bass said. “The City will always be available to make progress 24 hours a day, 7 days a week.” 

WARNER BROS. DISCOVERY WARNS HOLLYWOOD STRIKES COULD HURT BUSINESS

Tuesday’s strike is expected to create disruptions at LAX, the Port of Los Angeles, City Hall and other locations. 

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The planned strike comes amid an ongoing strike by Hollywood writers and actors that has shut down film and television productions. 

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[Fox Business] Dominion Energy helicopter crashes in Virginia, injuring pilot and passenger

Virginia State Police and the FAA have launched an investigation after a Dominion Energy helicopter crashed into the woods in Surry County, leaving the pilot and passenger with serious but non-life threatening injuries. 

Images released by authorities showed the helicopter lying on its side following the accident that unfolded around 12:45 p.m. local time on Saturday, Aug. 5. 

“The Federal Aviation Administration and National Transportation Safety Board were both contacted about the crash. The FAA did arrive to the crash scene to initiate their investigation,” a Virginia State Police spokesperson told FOX Business. 

“Preliminary investigations revealed that the private helicopter was hired and contracted by Dominion Power,” the spokesperson added. “The pilot and passenger suffered serious but non-life-threatening injuries and were transported to the Medical College of Virginia in Richmond.” 

CALIFORNIA FIREFIGHTING HELICOPTER CRASHES AFTER MID-AIR COLLISION DURING FIRE RESPONSE, MULTIPLE DEAD 

The helicopter involved in the crash was a Hughes 369 Delta operated by Haverfield Aviation, according to state police. 

“Founded in 1981, Haverfield International Incorporated is the leading provider of innovative aerial power line inspection, maintenance, repair and construction support services in the North American electric utility industry,” reads a description of the company on the website of its owner, Quanta Services. 

Virginia State Police say the helicopter went down near White Marsh Road. 

What caused the crash was not immediately clear. The FAA told FOX Business that it “will investigate” the incident. 

HELICOPTER HITS POWER LINES, CRASHES NEAR OHIO INTERSTATE CAUSING SERIES OF ACCIDENTS 

In a statement to Fox News Digital, Dominion Energy said “a third-party contractor’s helicopter crashed while performing routine maintenance on a Dominion Energy transmission line in Surry County, Virginia.

“We’re relieved there were no life-threatening injuries, and we wish a speedy recovery for both crew members,” the company added. “There were no impacts to our customers and minimal damage to the transmission line.” 

On Sunday, three people died after two firefighting helicopters collided in midair during an attempt to extinguish a brush fire in Riverside County, California

That collision happened around 7:20 p.m. local time as crews were working to extinguish a fire on 20 acres of Native American land near Cabazon, the Riverside County Sheriff’s Office said on social media. 

The crash took place in the area of Pipeline Road and Apache Trail. The pilot and two crew members onboard one of the helicopters were killed when the chopper crashed into a hillside. 

The second helicopter made a hard landing but no serious injuries were reported, according to KABC. 

Fox News’ Landon Mion contributed to this report. 

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[Fox Business] Tyson Foods closing 4 US chicken plants

Tyson Foods announced Monday that it will close four more chicken plants in the U.S. to cut costs.

The company said it will move the work performed inside the North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri; and Noel, Missouri, plants to newer locations closer to its customer base.

NEWLY PASSED CALIFORNIA LAW SQUEEZES ‘LOTS OF COSTS’ OUT OF MOM-AND-POP PORK PRODUCERS

“The difficult decision to close four chicken facilities… demonstrates our commitment to bold action and operational excellence as we drive performance, including lower costs and improving capacity utilization, and build on our strategy of making Tyson Foods stronger in the long-term,” Tyson Foods CEO Donnie King said in a statement.
 

Tyson said in April it would cut roughly 10% of corporate jobs and 15% of senior leadership roles, while also laying off corporate employees in Chicago and South Dakota who declined to relocate to Tyson’s headquarters in Arkansas.

CAMPBELL SOUP BUYS RAO’S SAUCE MAKER FOR $2.7B

Also in April, about 150 employees at a Tyson Foods chicken plant in Van Buren, Arkansas, went on strike for better treatment before the company shut down the facility on May 12, eliminating jobs for 969 employees as it seeks to improve performance in its chicken business.

“While current market dynamics remain challenging, Tyson Foods is fully committed to our vision of delivering sustainable, top-line growth and margin improvement,” King said. “I’m encouraged by the improvements we made this quarter, including our Tyson Core Business lines that continue to outpace our peers in volume growth.”

BUD LIGHT SALES CONTINUE TO PLUNGE, AS ANHEUSER-BUSCH INSISTS US STILL HAS ‘FAVORABLE’ VIEW OF BRAND

Shares of Tyson Foods are down around 14.1% lower year to date.

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Reuters contributed to this report. 

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[Fox Business] Some consumers max out credit cards without knowing how much they pay to borrow: Survey

Inflation and rising prices are why 31% of Americans said they maxed out their credit cards over the past two years, according to a recent survey.

Skyrocketing costs also pushed 51% of Americans to increase their reliance on credit cards, and why balances have surged in that time period, the Debt.com survey said. Beyond inflation, 28% said they took on more debt because of a salary reduction.

Despite the growing dependence on credit cards to make ends meet, 28% don’t know what their annual percentage rate (APR) is, including how it determines the yearly interest rate they will pay to carry a balance on their credit cards, the survey said.

The Federal Reserve has raised interest rates 10 times in 2022 and 2023 to bring inflation down to a 2% target. The federal funds rate remains in a targeted range of 5% to 5.25%, the highest level in 16 years. Credit cards, for example, have seen interest rates soar, and the average credit card interest rate is now roughly 20%. Carrying a balance can be particularly costly in a high-interest rate environment. 

 “You can’t get out of debt if you don’t understand what’s keeping you there,” Debt.com’s chairman Howard Dvorkin said. “And you certainly can’t get out of debt if you don’t even know the options you have.”

If you’re having trouble paying off credit card debt, you could consider getting a personal loan at a lower interest rate. Credible can help you compare options from different lenders all in one place without affecting your credit score.

COST IS THE BIGGEST FACTOR BEHIND WHY A MAJORITY OF AMERICANS DELAY MEDICAL CARE: SURVEY

Despite the more expensive cost of using credit cards, Americans’ balances soared to a record high of $993 billion as of July 5, 2023.

Those with personal debt said they spent 30% of their monthly income toward paying it off, and most said they expected to remain in debt for years, according to a recent Northwestern Mutual survey

Despite the growing debt burden, most Americans don’t know what steps to take toward debt relief, according to the Debt.com survey. Fifty-eight percent said they had never explored any solution to help them reduce their credit card debt burden.

For those that did try to reduce debt, these were the top three options they used:

“It’s one thing to identify the enemy; it’s quite another to conquer it,” Dvorkin said. “Yet our survey also revealed some concerns that will keep us dependent on our plastic.”

If you are struggling to pay off debt, you could consider using a personal loan to consolidate your payments at a lower interest rate, saving you money each month. Visit Credible to find your personalized interest rate without affecting your credit score.

MAJORITY OF HOMEBUYERS SAY THEY HAVE REGRETS: SURVEY

Americans hoping to get some relief through student loan forgiveness are now facing the additional burden of having to pay off debt they’d already written off, according to a recent Intelligent.com survey

The U.S. Supreme Court blocked President Joe Biden’s student loan forgiveness plan in late June. The plan would have canceled up to $10,000 in federal loans per borrower making less than $125,000 a year (couples making less than $250,000) and up to $20,000 per borrower for those who used Pell Grants in college, eliminating about $441 billion in outstanding student debt

The debt ceiling deal officially ended federal student loan forbearance, and borrowers can expect to resume payments on student loans in October, with interest on these loans will begin accruing in September. 

However, some long-time borrowers that had been making payments for 20 years or more may be in line for immediate relief. The Biden administration announced that $39 billion in federal student loans would be automatically discharged in the coming weeks due to updates made to income-driven repayment (IDR) plans

Roughly 800,000 borrowers nationwide will see debt relief within the next 30 days. 

If you want to pay down your private student loan debt, a refinance could help you lower your interest rate and monthly payment. To see if this is the right option for you, contact Credible to speak to a student loan expert and get all of your questions answered.

MOST SENIORS REGRET RETIREMENT PLANNING DECISIONS, WANT DO-OVER: SURVEY

Have a finance-related question, but don’t know who to ask? Email The Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.

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