Business

Kraft Heinz (NEW YORK) — Lunchables are ready for their first day of school. In tandem with the National School Lunch Program, the ready-to-eat packaged Lunchables kits, made by Kraft Heinz, have been approved to be served in schools for the first time. “Ahead of the 2023-2024 school year, school administrators are now able to […]

(NEW YORK) — Bank stocks in the U.S. and Europe tumbled on Wednesday as the global financial system continued to reckon with the Silicon Valley Bank collapse, the largest bank failure since 2008. Shares of Credit Suisse fell more than 26% in early trading after a top backer said he would not be able to […]

(NEW YORK) — In the wake of last year’s collapse of cryptocurrency exchange FTX, the collapse this week of Silicon Valley Bank and Signature Bank — representing the second and third largest bank failures in U.S. history — has renewed lingering questions about what role cryptocurrency is playing in financial sector failures. Signature Bank, which […]

(NEW YORK) — OpenAI released the latest version of ChatGPT, the artificial intelligence language model making significant waves in the tech industry, on Tuesday. GPT-4, the latest model, can understand images as input, meaning it can look at a photo and give the user general information about the image. The language model also has a […]

(NEW YORK) — The closures of two of the nation’s largest banks over the past week have put many consumers on edge. Silicon Valley Bank, the nation’s 16th largest bank, struggled as the sharp rise in interest rates led to a decline in the value of the bank’s Treasuries and mortgage bonds. When the bank’s […]

Carol Yepes/Getty Images (NEW YORK) — The job market is booming despite high-profile layoffs at companies like Amazon, Microsoft, Twitter and Goldman Sachs. The economy added a staggering 517,000 jobs in January, more than double the employment growth a month prior and well above the breakneck pace of some 400,000 monthly jobs added on average […]

PepsiCo (NEW YORK) — Sierra Mist has officially fizzled out at PepsiCo, and the brand has replaced it with a new lemon-lime flavored soda, Starry. The “crisp, clear, refreshing” new caffeine-free soda was made “for a generation of irreverent optimists,” the company said in its announcement on Wednesday. With the tagline “Starry Hits Different,” the […]

Mattel, Barbie (NEW YORK) — There’s a brand new doll that’s going to leave a lot of preschoolers jumping for joy. Mattel has debuted one of its newest products, My First Barbie, specifically designed for preschool-aged children. The latest doll features the same look and feel as traditional Barbie dolls, but has been updated with […]

(WASHINGTON) — The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in “redlining” – a pattern of lending discrimination – in Los Angeles County. The settlement, which according to the DOJ is the largest redlining settlement in the department’s history, will benefit […]

(NEW YORK) — Former President Donald Trump’s namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. The company will pay a fine of just over $1.6 million. While a prosecutor, Manhattan Assistant District Attorney Joshua Steinglass, […]