Category: Economy

New rule could make it much harder for Trump to ov...

A new federal rule could make it much harder for former President Trump to overhaul the federal workforce in his political image i...

Ticket price for women's NCAA Final Four skyrocket...

The women's NCAA Final Four games will take place in a smaller arena than the men's, causing a short supply of tickets.

2 million Black+Decker steamers recalled after doz...

Empower Brands has received 317 reports of hot water spewing from the steamers and 82 reports of burn injuries.

See the new Gulfstream G700 that just received FAA...

Gulfstream Aerospace’s new Gulfstream G700 business jet just hit a major milestone by obtaining Federal Aviation Administration ce...

Texas AG launches probe into Boeing supplier opera...

Boeing supplier Spirit AeroSystems is facing an investigation launched by Texas Attorney General Ken Paxton into its handling of m...

Tesla has new competition with a Chinese EV priced...

Tesla is getting some more electric vehicle competition in China with Xiaomi's release of the SU7 sedan this week, according to Ba...

Trump wows Wall St., Boeing CEO out, Baltimore bri...

Investors wrapped up the holiday week with a stellar end to the first quarter for stocks, there's a new public company backed by f...

Tesla's tough quarter has investors anxious

Tesla is expected to announce sluggish sales figures to cap a difficult first quarter of 2024, which has seen its stock slide near...

Subaru recalls nearly 119,000 vehicles over air ba...

Short circuit could stop front passenger air bags in some Outback and Legacy vehicles from deploying in a crash, automaker warns.

Employer of missing Baltimore bridge workers vows ...

An executive at Brawner Builders, the missing workers' employer, said "the company is broken" after bridge collapse tragedy.

Settlement reached in lawsuit between Gov. DeSanti...

The settlement ended almost two years of litigation

Supplement pill with mold recalled after deaths, h...

Health supplement products believed to have caused two deaths and sickened more than 100 people have been ordered to be taken off ...

FTX co-founder Sam Bankman-Fried sentenced to 25 y...

Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trad...

Reddit IPO spikes, reigniting social media sector

Reddit, the social networking forum where users can post, comment and interact on all kinds of issues and topics, is now a public ...

Truth Social on verge of stock market approval, po...

Former President Trump's Truth Social is set to be approved to enter the stock market Friday, potentially netting the former presi...

Dodge-parent Stellantis laying off hundreds of US ...

Stellantis confirmed Friday it is laying off hundreds more U.S. workers as the parent company of Dodge, Jeep and Chrysler moves to...

Chrysler recalls 286,000 vehicles over airbag conc...

Stellantis-owned Chrysler is recalling around 286,000 vehicles over concerns that side airbag inflators in certain models could ru...

HOW CAN NAIRA TOP U.S DOLLARS IN THE FOREIGN EXCHA...

WeightWatchers CEO sends internal memo to employee...

WeightWatchers CEO Sima Sistani sent a memo to employees trying to reassure them as the company's stock continues to suffer follow...

Target bringing express self-checkout to stores

Target shoppers will see most of Target's nearly 2,000 stores start using an "express self-checkout" format on Sunday. It has limi...

Inflation pops, Boeing battered, TikTok in play an...

Inflation is not going away quietly, Boeing faced another bout of turbulence and TikTok's future in the U.S. remains uncertain aft...

Realtors reach settlement that will change how Ame...

The National Association of Realtors has reached a settlement of claims that the industry conspired to keep agent commissions high...

Prosecutors want a 40- to 50-year prison sentence ...

Sam Bankman-Fried, founder of the crypto exchange FTX, was convicted in November of fraud-related charges, and prosecutors are now...

Sam Bankman-Fried deserves 40 to 50 years in priso...

Sam Bankman-Fried, 32, is scheduled to be sentenced on March 28 following his November conviction on fraud and conspiracy charges.

Target is limiting customers to 10 items at self-c...

While they are convenient and can save retailers money, self-checkout lines can also enable more theft.

Boeing 737 Max engine issue will take up to a year...

Boeing said its planned fix for an engine issue on all 737 Max jets will delay certification of the 737 Max 7 and Max 10 airliners...

Dollar stores are hitting hard times amid inflatio...

Dollar General this week said their consumers are struggling. Meanwhile, Family Dollar plans to close 1,000 locations.

Oakland Taco Bells shutter indoor dining options i...

Four Taco Bell fast-food restaurants in the Oakland, California area are halting indoor dining because of the rising crime rate in...

3M hires outsider Bill Brown as CEO, shares jump

3M has tapped Bill Brown as its next CEO, betting on an outsider to steer the company through a period of slowing sales and the fa...

United tells Boeing to stop making the Max 10s the...

United Airlines CEO said Tuesday the airline has asked Boeing to halt production of the hundreds of 737 Max 10s the airline ordere...

GM lost tax credits on 20,000 EVs due to battery s...

GM said it built about 20,000 EVs this year that didn't qualify for federal EV tax credits due to battery sourcing requirements, b...

Tyson Foods’ Iowa pork plant to permanently close,...

Tyson Foods announced Monday that it will stop operating its pork plant in Perry, Iowa. The site reportedly has a workforce of mor...

Actors union president Fran Drescher on SAG-AFTRA'...

Last year, actors and writers walked off the job after contract talks with film and TV producers broke down. Fran Drescher, presid...

Honda's first electric SUV qualifies for full EV t...

The first EV SUV offering from Honda Motor Company, the Prologue, comes in at a price point that makes it eligible for the full fe...

Rivian announces two new EV SUV lines, including o...

Rivian’s electric vehicle lineup is getting bigger – including a product line that hadn’t been expected. It said it will make an R...

NYCB takes more action as CEO works a new business...

New York Community Bank's incoming CEO said Thursday he's planning to present a new business plan in late April after NYCB got a $...

Embattled bank NYCB lands $1B investment from grou...

Troubled regional lender New York Community Bank announced Wednesday that it secured a $1 billion investment from a group that inc...

Stocks, bitcoin's bounce, Apple's slide and Costco...

It was a choppy week for U.S. stocks, especially for shares of Apple. But it was a winning week for bitcoin. As for the economy, i...

More than 63,000 infant swings recalled due to suf...

Parents and caregivers should immediately stop using Jool Baby's Nova Baby swings to help infants sleep, recall notice states.

Biden wants a $10,000 tax credit for homebuyers. H...

The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.

Homeowners in these 10 states saw the biggest gain...

Rhode Island and New Jersey led the nation in highest home equity gains between the end of 2023 and a year earlier, new data shows...

Target's earnings surge despite holiday sales dip,...

Robust Black Friday and Cyber Monday spending helped drive holiday-quarter sales, the company said, and shoppers gravitated to new...

Dodge announces first electric muscle car in Charg...

Dodge announced its new lineup of Dodge Chargers which includes two all-electric models — the 2024 Dodge Charger Daytona Scat Pack...

Apple iPhone sales in China plummet 24% as Huawei ...

Sales of Apple's iPhone plunged 24% year-over-year in China in the first six weeks of 2024 due to stiff competition from rivals, e...

Bezos knocks Musk out of No. 1 spot on Bloomberg b...

Jeff Bezos on Monday beat out Elon Musk as the wealthiest billionaire. Bloomberg pegged the Amazon founder's net worth at $200 bil...

Facebook, Instagram service restored after widespr...

Meta Platforms confirmed it was hit with widespread outages worldwide Tuesday morning, with users of Facebook, Instagram, Messenge...

SEC holds calls with spot bitcoin ETF hopefuls as ...

News of the calls has fueled speculation among some industry participants that the agency could be gearing up to approve applicati...

Nike forecast cut rattles sportswear stocks as spe...

The company laid out a $2 billion cost-saving plan on Thursday and said it was adopting a "more prudent approach" to planning for ...

Bristol Myers to buy Karuna Therapeutics for $14B

Karuna’s crown jewel, an experimental drug called KarXT, is the product of such new insights. The drug could surpass $6 billion in...

Deciphering the stock market's holiday rhythms dur...

Explore how the holiday season affects the stock market: reduced trading, year-end shifts, and festive sentiments influencing inve...

Biggest business stories of 2023 and a peek at nex...

The Fed's surprise move amid wild inflation, to a disgraced crypto king's conviction for the ages and a resurgence of Bitcoin bull...

What happens to the billions in gift cards that go...

Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.

Here are the stores and restaurants open on Christ...

Need a last minute ingredient or gift on Christmas Day? Here's what restaurants, grocery stores and fast-food chains will be open.

What's open on Christmas Eve? See the hours for to...

Here's where you can find which stores, restaurants, fast food chains and grocery stores are open on Christmas Eve.

Southwest cancels hundreds of flights, disrupting ...

Southwest Airlines again hit with flight disruptions, though most U.S. passengers are enjoying a smoother takeoff for their holida...

Honda recalls 2.5 million vehicles due to fuel pum...

A fuel pump-related issue has prompted Honda to issue a recall of over 2.5 million vehicles, according to a recall report submitte...

Paramount, Warner Bros Discovery discuss merger; w...

The chief executives of Warner Bros. Discovery and Paramount Global reportedly recently got together to weigh the possibility of m...

Most home listings unaffordable for typical earner...

A new analysis of listings in 97 of the most populous U.S. metropolitan areas found that just 15.5% of homes for sale last year we...

Rudy Giuliani files for bankruptcy following $146M...

Former New York City mayor and Trump attorney Rudy Giuliani has filed for bankruptcy after a jury ordered him to pay $146 million ...

Got "tipping fatigue"? Here's how much to give for...

Tipping for the holidays is an important way to reward employees who go above and beyond, experts says. Here's how much to give.

Pornhub's parent company to pay $1.8 million to se...

The deal calls for the Montreal-based company to pay more than $1.8 million to the U.S. government, as well as make separate payme...

Giuliani must immediately pay $148 million to Geor...

The judge in the defamation case against the former New York mayor cited her concerns that Giuliani might hide financial assets.

Toyota recalls 1 million Toyota, Lexus vehicles ov...

Toyota and Lexus cars are being recalled in December 2023 because potentially defective sensors could prevent front passenger air ...

2.5 million Honda cars recalled over stalling risk...

A fuel pump failure can cause the Honda vehicles to stall while on the road, increasing the risks of a crash.

GM bought out nearly half of Buick dealers who opt...

General Motors bought out roughly half of its Buick dealerships over the last year after offering voluntary buyouts to dealers opp...

Electric scooter rental company Bird files for ban...

E-scooter rental company Bird Global filed for Chapter 11 bankruptcy on Tuesday, two years after going public in a deal valued the...

Popular brand sold at Walmart, Target, Amazon reca...

Empower Brands has recalled more than 300,000 air fryers because of a problem with a U-Channel connector that combines the two fry...

Texas-based developer accused of targeting Hispani...

Prosecutors said the Houston-area developer served as a "one-stop shop for discriminatory lending."

Mortgage rate for a typical home loan falls to 6.8...

Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.

"Vanilla Gift" card issuer faces lawsuit over card...

Incomm's prepaid cards had "insufficient" security features that made them targets for card draining scams, a recent lawsuit alleg...

Electric scooter maker Bird files for bankruptcy

Once worth $2.5 billion, the former high-flying startup had pitched itself as a means of helping major cities go green.

IRS to waive $1 billion in tax penalties. Here's w...

The IRS said it will waive penalties for almost 5 million taxpayers on their 2020 and 2021 tax returns.

Here's when you'll get your 2024 Social Security c...

The nation's 72 million Social Security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflat...

Recalled applesauce now linked to more than 200 le...

Cinnamon used in the applesauce pouches was contaminated with "extremely high" lead levels.

13 tons of TGI Friday's brand chicken recalled aft...

Simmons Foods is recalling chicken products that were sold by retailers including Amazon, Kroger, Publix, Target and Walmart.

Monsanto ordered to pay $857 million over toxic PC...

Case against Monsanto claimed that seven former students and parent volunteers suffered range of ailments due to PCB exposure.

Over one-third of US companies will not give year-...

Companies are wrapping up the calendar year 2023, and according to a Monday survey, the share of firms with plans to not dole out ...

Vessels avoiding Red Sea amid ongoing Houthi rebel...

Ongoing attacks against international vessels in the Red Sea by Houthi Rebels in Yemen is forcing major companies to reroute, addi...

FTX files reorganization plan to end bankruptcy

Cryptocurrency exchange FTX Trading Co. has filed an amended plan to end its bankruptcy and return funds to investors and customer...

Adobe scraps $20B acquisition of design platform F...

Adobe has abandoned its $20 billion deal to acquire design platform Figma, citing a lack of approval from regulators. Adobe will p...

What is Rudy Giuliani's net worth in 2023?

Giuliani was once worth more than $50 million, but his attorney has argued the defamation case "will be the end" of him financiall...

Quaker Oats recalls granola bars, cereals nationwi...

The Quaker Oats Company is recalling dozens of granola bars and other products across the U.S. because they could contain salmonel...

WeightWatchers launches program for weight-loss dr...

WeightWatchers program aims to help members maintain healthy habits while taking anti-obesity drugs like Ozempic and Wegovy.

Ivy League consulting can cost up to $750,000 — an...

High-end consultants are helping the children of wealthy families polish their applications — and the work begins in middle school...

Billionaire reveals the biggest mistake investors ...

Carlyle Group co-chairman and co-founder David Rubenstein discusses investors' 'biggest mistakes' and predicts the Federal Reserve...

Dow closes above 37,000 for first time ever as Pow...

The Dow Jones Industrial Average roared to a new all-time high, surpassing 37,000 after Federal Reserve Chairman Jerome Powell sai...

Greek-yogurt maker Chobani buys coffee company La ...

La Colombe has been purchased by Chobani, the yogurt company revealed on Friday. The deal to pick up the coffee company had a valu...

Homelessness in America surges to record high amid...

A record 650,000 people experienced homelessness on a single January night, a 12% jump from a year earlier.

Delta adds flights to Austin as airlines compete i...

Delta plans to add 11 flights at Austin-Bergstrom International Airport starting in April 2024.

SmileDirectClub customers stuck as company closes:...

SmileDirectClub, the at-home, do-it-yourself orthodontic service that ceased operations over the weekend, is leaving customers wit...

Costco sells $100 million in gold bars amid inflat...

Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.

Shipping companies announce crucial deadlines for ...

With Christmas falling on a Monday this year, Sunday deliveries will be limited, making it even more important to meet the deadlin...

Lab-grown vs. natural diamonds: Here's what you ne...

If you are proposing or purchasing a diamond for yourself, consider the cost savings that man-made rocks offer.

Elon Musk must testify in SEC probe of Twitter tak...

A federal judge tentatively ruled Elon Musk will have to testify before SEC investigators about his $44 billion takeover of Twitte...

Meta's Threads now available in Europe for nearly ...

Meta's Threads, the Twitter-like social media platform that debuted this summer, is now available to prospective users in the Euro...

Starbucks accused by NLRB of union busting for clo...

That National Labor Relations Board accused Starbucks of closing 23 locations last year as a way to shut down union activity and i...

GM’s Cruise cutting 24% of workforce, fires 9 exec...

General Motors' self-driving vehicle unit Cruise dismissed nine executives in December amid an ongoing safety investigation after ...

SmileDirectClub ceases operations after restructur...

SmileDirectClub, which provided telehealth dentistry services centered on clear aligners for patients, halted its operations on Fr...

McDonald's reportedly not in favor of reusable con...

McDonald’s has indicated it doesn’t want the reusable containers it had to incorporate in France for dine-in customers due to a la...

DOJ announces latest payouts to Bernie Madoff Ponz...

The Department of Justice announced $158.9 million in payouts for more victims of Wall Street fraudster Bernie Madoff's massive Po...