Business

(WASHINGTON) — Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation fight. The fresh data matched economists’ expectations. After falling dramatically over the course of last year, inflation had accelerated in recent months. Recalcitrant […]

(NEW YORK) — Walgreens Boots Alliance announced Wednesday that it plans to sell its own generic version of the overdose reversal drug Narcan. Narcan is given as a nasal spray and the active ingredient in the medication — naloxone — can quickly restore breathing if someone is experiencing an opioid overdose and if it is […]

In this undated file photo, a Red Lobster Restaurant is shown. (Jeff Greenberg/UIG via Getty Images) (NEW YORK) — Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their doors in at least 27 states. Tagex Brands, a company that handles restaurant liquidation auctions, told ABC News that Red […]

(NEW YORK) — Thousands of Mercedes-Benz workers in Alabama are voting on a union this week, marking a major test for the United Auto Workers just one month after a watershed victory in nearby Tennessee. The UAW faces a more difficult contest this time around because Mercedes-Benz has carried out an anti-union campaign, attempting to […]

(WASHINGTON) — The White House and Wall Street will closely watch Wednesday’s inflation report for any signs that the Federal Reserve’s aggressive cooldown efforts are working. After falling dramatically over the course of last year, inflation has accelerated in recent months. Recalcitrant prices have forced the Fed to postpone highly anticipated interest rate cuts, leaving […]

(NEW YORK) — An oft-touted advantage of owning an electric vehicle is one-pedal driving, when drivers can slow down a vehicle simply by lifting off the throttle. But as more Americans swap their gas-powered cars and trucks for an EV, some are also realizing there are drawbacks to the one-pedal lifestyle. “It can cause some […]

(NEW YORK) — OpenAI announced a desktop version of its conversation bot ChatGPT on Monday as well as the latest iteration of the AI language model that fuels the chatbot. The fresh model offers improved speed and interactive capability when compared with the company’s previous model GPT-4, OpenAI Chief Technology Mira Murati said at an […]

(NEW YORK) — McDonald’s could soon be lowering prices and possibly launching a new value meal to its menus. The Golden Arches currently offer some individual items on its $1, $2, $3 menu, but it may be rolling out a new value meal with a McChicken or McDouble, fries and a drink for just $5, […]

(NEW YORK) — Roughly 15 years after a housing bubble triggered the worst U.S. financial disaster since the Great Depression, some observers are voicing concern that the industry has fallen into another bubble. Home prices are soaring, despite high mortgage rates that in theory should crimp demand and push down prices. The share of U.S. […]

(NEW YORK) — Target has announced that it will only sell their Pride Month collection in select stores after suffering a backlash and boycott last year during the 2023 Pride season. The company says that instead of offering their Pride Month collection merchandise across all stores, they will be “offering a collection of products including […]