Business

(WASHINGTON) — The Federal Reserve is set to announce a decision on Wednesday about whether to adjust its benchmark interest rate, just days after new government data showed that the economy is cooling off. The slowdown has coincided with a months-long stretch of stubborn inflation, putting pressure on the Fed to keep interest rates high […]

(NEW YORK) — It’s been nearly one month since California raised the minimum wage at certain restaurants, which has put a spotlight on a course correction that many see as long overdue. But for some — and not just fast food franchise owners — the newly raised bar for compensation also marks a pivotal point […]

(NEW YORK) — For anyone still in planning mode for summer vacation, some experts say right now may be the best time to book the trip. Founder of The Points Guy Brian Kelly explained to ABC News’ Good Morning America that the best booking timeframe, known as the goldilocks window, can offer travelers serious savings. […]

(NEW YORK) — Amazon Prime Day is making its annual return in July. The retailer previously announced the return of its biggest shopping event of the year along with plans to include even more savings than it has in years past. “I’m thrilled to share that Prime Day will be back this July,” Doug Herrington, […]

Angus Mordant/Bloomberg via Getty Images (NEW YORK) — Southwest Airlines famously allows passengers to select their own seats upon boarding, but the low fare carrier could be changing course. Earlier this week, after the Dallas-based carrier reported a $231 million net loss from the first quarter of 2024, CEO Bob Jordan commented on the “disappointing” […]

(NEW YORK) — California lawmakers have pushed forward a new piece of legislation aimed at changing the way third-party security screening companies like CLEAR help expedite customers through security at the airport. An annual CLEAR membership that costs $189 allows travelers to skip the onerous security lines and instead verify their identity with biometric data […]

(NEW YORK) — In an exclusive and far-reaching interview with ABC News, John Furner, president and CEO of Walmart U.S., talked about the retail giant’s push to hire more non-college degree workers for high-paying corporate jobs at the company. Currently, 75% of Walmart’s salaried managers began as hourly associates. High-performing Walmart managers at the store’s […]

(NEW YORK) — Peak summer travel season is fast approaching, and some cities abroad have already implemented fees in an attempt to protect popular destinations from potential damage from increased tourism. Bustling European cities from Barcelona to Amsterdam that get flooded with tourists, especially at historical hotspots during the high season, have used tourist taxes […]

(NEW YORK) — Good news for airline travelers: the Department of Transportation on Wednesday announced it is rolling out new rules that will require airlines to automatically give cash refunds to passengers for canceled and significantly delayed flights. The delays covered would be more than three hours for domestic flights and more than six hours […]

EllenMoran/Getty Images (NEW YORK) — The Department of Transportation on Wednesday is rolling out new rules that will require airlines to automatically give cash refunds to passengers for cancelled and significantly delayed flights. The delays covered would be more than three hours for domestic flights and more than six hours for international flights, the agency […]