Lawsuit targets automakers over dangerous ARC air bag inflators
A federal class action accuses ARC Automotive along with General Motors Ford and Volkswagen of selling vehicles with inflators prone to explosion. The suit cites two deaths and multiple injuries linking ARC inflators to ruptures, and notes 51 million such units may be on U.S. roads amid an ongoing NHTSA investigation.
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Tech shares slump as inflation nerves weigh markets
Wall Street fell with the S&P 500 down 0.8 percent and the Nasdaq 2.3 percent as fears over persistent inflation hurt profits. Snap plunged 43.1 percent amid a warning, while Meta dropped 7.6 percent and Alphabet fell 5.1 percent. The Dow rose 0.2 percent led by McDonald’s and UnitedHealth. Russell 2000 fell 1.6 percent. The S&P 500 neared bear market territory, about 18 percent below its high.
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