Business

(NEW YORK) — United Nations Secretary-General Antonio Guterres said that the world is “on thin ice” and called for “climate action on all fronts” earlier this week while revealing the latest U.N. climate report. The report said that greenhouse gas emissions continue to grow as chances of slowing climate change shrink — unless those emissions […]

(NEW YORK) — From the iconic Egg McMuffin at McDonald’s to French Toast Sticks at Wendy’s, the competition among fast food chains to serve Americans breakfast has registered another entry. Dunkin’ launched its latest menu offering, Breakfast Tacos, on Wednesday to capitalize on consumers’ love of on-the-go options to start the day. The tacos are […]

(NEW YORK) — One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that’s paying off big. Becky Guiles, known as the “Freebie Lady” on social media, shared her money-saving method with ABC News’ Good Morning America, which she […]

(WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers. The China-based app, which counts more than 150 million U.S. users each month, has faced growing scrutiny […]

(WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers. The China-based app, which counts more than 150 million U.S. users each month, has faced growing scrutiny […]

Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The company plans to close many underperforming stores in shopping malls while focusing on strengthening its standalone stores with new concepts, Foot Locker said during […]

(WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank’s fight against inflation despite concern that previous rate increases helped trigger the nation’s banking crisis. The Fed’s benchmark interest rate has contributed to the financial emergency facing U.S. banks. Inflation has fallen significantly from a summer peak, though […]

(WASHINGTON) — Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system “strong and resilient,” voicing confidence in the nation’s financial system and the safety of bank deposits less than two weeks after the failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history. “All depositors’ savings in the banking system are […]

(WASHINGTON) — Policymakers and investors will closely watch a decision from the Federal Reserve on Wednesday about whether to raise interest rates as the U.S. economy weathers two pressing challenges: a banking crisis and persistent inflation. The precarious moment poses a dilemma for the Fed because its strongest tool, the benchmark interest rate, is a […]

(NEW YORK) — TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans’ data. U.S. officials are reportedly demanding that Chinese owners sell its stake in the app or risk a nationwide ban. Later this week, TikTok CEO Shou Zi Chew is set to face questions from congressional lawmakers about the platforms’ data […]