Business

T-Mobile CEO Mike Sievert speaks during a T-Mobile and SpaceX joint event, Aug. 25, 2022, in Boca Chica Beach, Texas. (Michael Gonzalez/Getty Images) (NEW YORK) — T-Mobile, one of the nation’s largest wireless providers, announced on Tuesday that it will acquire most of U.S. Cellular in a $4.4 billion deal. The agreement would grant T-Mobile […]

(NEW YORK) — A company that posted a discriminatory job advertisement seeking only white candidates has been fined by the federal government and come to separate agreements with the U.S. Department of Justice and Department of Labor as punishment, according to officials. Arthur Grand Technologies, an information technology services firm based in Virginia, posted a […]

A worker hands food to a customer at the drive-thru window of a Burger King fast food restaurant in Hialeah, Florida, April 18, 2024. Eva Marie Uzcategui/Bloomberg via Getty Images (NEW YORK) — Burger King is throwing its crown into the summer savings fast food ring as customers continue to voice frustrations over high costs […]

(WASHINGTON) — The Biden administration announced this week that it is releasing 1 million barrels of gasoline from a Northeast reserve in an effort to reduce prices when drivers hit the road this summer. The gasoline will be sold in 100,000-barrel tranches over a six-week stretch between Memorial Day and July 4, bolstering the nation’s […]

(WASHINGTON) — The Justice Department and dozens of state and district attorneys general filed a major antitrust lawsuit Thursday seeking the breakup of Ticketmaster owner Live Nation Entertainment over what they allege is the company’s unlawful dominance over the concert ticket sales industry. The lawsuit, filed in federal court in the Southern District of New […]

(WASHINGTON) — The Justice Department and 30 states filed a major antitrust lawsuit Thursday seeking the breakup of Ticketmaster owner Live Nation Entertainment over what they allege is the company’s unlawful dominance over the concert ticket sales industry. The lawsuit, filed in federal court in the Southern District of New York, accuses the company of […]

(NEW YORK) — For more than three years, rapid inflation has frustrated shoppers scanning store shelves for deals. But a host of prominent companies are finally delivering relief. Target, Ikea, Aldi, McDonald’s and Wendy’s are among several well-known brands that have announced lower prices in recent weeks. “We know consumers are feeling pressured to make […]

(NEW YORK) — As inflation continues to worry Americans, Aldi CEO Jason Hart said the discount grocery chain is focused on keeping grocery prices low as the summer season heats up. Hart joined ABC News’ Good Morning America live Thursday to discuss the summer grocery outlook ahead of Memorial Day. “We don’t really focus on […]

(NEW YORK) — Ting’s Gift Shop in New York City’s bustling Chinatown has shuttered after 66 years in business. The family-run novelty shop, which is situated at the corner of Doyers and Pell streets and distinguished by its vibrant red exterior and abundant merchandise, was a time capsule of goods, offering everything from porcelain soup […]

(WASHINGTON) — The head of the Federal Deposit Insurance Corporation said this week that he would leave his role in the aftermath of a probe that documented widespread allegations of sexual harassment and discrimination at the federal agency. Martin Gruenberg, a Democrat who began a five-year term in 2023, said he will remain in the […]