Business

(NEW YORK) — Former President Donald Trump’s namesake family real estate firm will be sentenced Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. The company faces a sentence that potentially includes a $1.7 million fine. The verdict, delivered Dec. 6, held the Trump Organization liable for the […]

(NEW YORK) — Fans of three-egg omelets and bacon-egg-and-cheese sandwiches have more to worry about than just high cholesterol. The wholesale price of a dozen eggs has more than quadrupled year over year, and some experts warn the prices are unlikely to decrease anytime soon. Egg prices peaked during the holiday season, hurting smaller grocery […]

(NEW YORK) — Stuck in house arrest and awaiting trial, disgraced crypto executive Sam Bankman-Fried spoke out on Thursday with the most extensive remarks since his arrest a month ago. The fallen former CEO of FTX issued a 2,300-word rebuke of fraud and conspiracy charges, replete with charts and graphs. He said that he didn’t […]

(NEW YORK) — Consumer prices rose 6.5% last month compared to a year ago, extending a months-long slowdown of price hikes and bolstering hopes that the U.S. can avert a recession. Year-over-year inflation has fallen for six consecutive months since it reached a peak of 9.1% in June. Despite the slowdown in price increases, inflation […]

(NEW YORK) — If you were banking on a hefty tax refund this year, think again. The expiration of COVID-era tax breaks means millions of Americans may get smaller refunds when they file their tax returns for 2022, and those who received refunds in recent years, may now owe the government money. “Stimulus payments are […]

(NEW YORK) — Inflation data set for release Thursday will show whether months of cooling price increases continued in December. Evidence of further slowing would ease the strain on household budgets and bolster hopes that the U.S. can avert a recession. A sign that inflation turned upward, however, would indicate that the path to normal […]

Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images (MIAMI) — The arena where the Miami Heat play can now get a new name following the collapse of cryptocurrency exchange FTX. A federal bankruptcy judge in Delaware agreed to terminate the naming-rights agreement between Miami-Dade County and FTX on Wednesday. The order terminates the 2021 […]

(NEW YORK) — As cooling inflation offers consumers much-needed relief, many car owners are in for a rude awakening when insurance renewal arrives this year, a new report found. Car insurance rates are expected to increase by 8.4% across the U.S. in 2023, the largest rate increase in six years, according to the report from […]

(NEW YORK) — House Speaker Kevin McCarthy, R-Calif., emerged with gavel in hand on Saturday after fierce Republican negotiations, but the concessions he made in the process have heightened concern over a potential economic crisis later this year. The empowerment of far-right House members in recent days has raised the risk of contentious, high-stakes negotiations […]

Krispy Kreme Doughnuts (NEW YORK) — Frequent flyers will quickly recognize Biscoff as the addictive in-air treat from Delta airlines, but the brand has three new delicious doughnuts landing on the menu at Krispy Kreme you can try without taking flight. For a limited time in the U.S., fans can taste the new Biscoff Doughnut […]