Business

(NEW YORK) — Junk, resort, destination, urban, and amenity fees are pseudonyms for the mandatory, often unexpected surcharges you might find tackled on your hotel bill. According to the Council of Economic Advisers (CEA), these fees cost Americans nearly $3.4 billion annually and despite recent bipartisan efforts by the Biden administration to combat junk fees […]

Krispy Kreme (NEW YORK) — Although the first day of fall is still over a month away on the calendar, food and beverage brands are betting big on their seasonal bestsellers early, rolling out the return of pumpkin spice lattes. For fans of the sweet and spicy aromas of ginger, clove, cinnamon and nutmeg, the […]

(NEW YORK) — Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans. The proposal would mark a major shift from the longstanding norm of political independence at the Federal Reserve, which currently retains control over interest rate […]

(NEW YORK) — Volatility overtook the stock market last week, amplifying worries about a possible recession and stoking panic among investors. By the end of the week, however, the markets had almost fully recovered. Days after suffering its worst trading day since 2022, the S&P 500 rallied for its best trading session dating back to […]

(WASHINGTON) — In an effort to beef up protections for consumers against corporations, the Biden administration on Monday announced a handful of policies to crack down on “headaches and hassles that waste Americans’ time and money.” Through the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC), the administration will ask companies to make […]

(NEW YORK) — This week, hours after Vice President Kamala Harris announced Minnesota Gov. Tim Walz as her running mate in the 2024 election, the website domain “HarrisWalz.com” sold for $15,000. It was a tidy profit for domain owner Jeremy Greene Eche, who bought it for around $9 in 2020. Eche is what is known […]

(NEW YORK) — Mortgage rates this week dropped to their lowest level in more than a year, delivering some long-sought relief for homebuyers. The average interest rate for a 30-year fixed mortgage stands at 6.47%, Freddie Mac said on Thursday. That figure marks a drop of more than a percentage point from a peak attained […]

CosMc’s (NEW YORK) — CosMc’s, a new small-format beverage-led concept from McDonald’s, has officially opened in San Antonio, Texas. Starting Thursday, patrons in the Alamo City will be among the first to try the new “out-of-this-world beverage experience” from the McDonad’s universe. “The extraterrestrial experience will continue August 10-11 for the CosMc’s San Antonio official […]

Customers wait in line to check out purchases at Costco store on June 28, 2023 in Teterboro, New Jersey. (Kena Betancur/VIEWpress/Corbis via Getty Images) (NEW YORK) — When customers walk in to shop at Costco Wholesale, they flash a membership card to an employee who typically gives a smile and a nod before they can […]

(WASHINGTON) — The major party vice presidential nominees — Democrat Tim Walz and Republican JD Vance — sharply disagree on a range of issues. The differences in their personal finances are just as stark. Minnesota Gov. Tim Walz, a former teacher and member of the U.S. House of Representatives, earns about $127,000 in salary per […]