Business

CARINA JOHANSEN/NTB/AFP via Getty Images (NEW YORK) — After polling Twitter users, Elon Musk on Tuesday night said he will resign as head of the social media platform. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers […]

(NEW YORK) — Recession fears are growing, even as households strained by inflation begin to find some relief. The dynamic captures the confusing state of the U.S. economy, as the Federal Reserve aggressively fights inflation with interest rate hikes that aim to slash prices by slowing demand and risking a recession. In fixing one problem, […]

(NEW YORK) — Sam Bankman-Fried has landed in the U.S. to face federal charges after agreeing to extradition in a Bahamian court on Wednesday. The disgraced former CEO was put on a U.S. government plane for a flight to New York. He landed in Westchester County Airport. “I hereby consent in writing to be extradited […]

(NEW YORK) — Debbie Wilkerson, after years of fighting bad credit, is on her way to saving for a down payment on her first home. She says a guaranteed income pilot program has helped her single-income household get some stability, whereas living check-to-check had left her family without a pathway to owning their first home. […]

(NEW YORK) — Elon Musk vowed to resign as the head of Twitter but he will remain a dominant force at the company, some management experts told ABC News. The billionaire entrepreneur, who owns Twitter, said on Tuesday that he will step down as soon as the company identifies a successor. The move follows a […]

(NEW YORK) — Workers at Amazon and Starbucks astonished allies and adversaries this year, delivering landmark labor victories and helping inspire a resurgence of unionization nationwide. But labor headway at the two companies has stagnated in recent months, jeopardizing the ultimate success of the campaigns and casting the continued growth of the labor movement into […]

Consumer Product Safety Commission (NEW YORK) — Target is telling customers to stop using some weighted children’s blankets that were sold in its stores and online after four incidents where children became entrapped, two of which resulted in deaths, the U.S. Consumer Product Safety Commission announced Thursday. A 4-year-old girl and a 6-year-old girl reportedly […]

(NEW YORK) — As families across the country celebrate this holiday season, some parents are choosing to create new traditions around gift-giving, including forgoing gifts. For Gabrielle and Carlos Flores, that means not giving any toys to their three young children for Christmas. “It’s more about the giving aspect of everything and not just the […]

(NEW YORK) — The 2022 global semiconductor crisis was maddening for motorists: record-high prices, months-long delays and hefty dealership markups. Automakers were forced to park new cars and trucks in vacant lots, unable to sell them because of missing parts or software. Consumers also watched as fuel prices reached unprecedented levels. Interest in electric vehicles […]

(NEW YORK) — Tesla stock has plummeted since CEO Elon Musk took over Twitter, falling more than 45% in about over two months. In all, the company’s stock has dropped more than 65% since January, when Musk began investing in Twitter. By comparison, the tech-heavy Nasdaq has fallen about half as far over that period. Musk […]