Business

d3sign/Getty Images, FILE (NEW YORK) — The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850. The tech-heavy Nasdaq inched up to 15,360 […]

Gary Hershorn/Getty Images (NEW YORK) — Microsoft revealed Friday that some of its corporate email accounts were hacked by a Russian-backed group. The tech company said in a blog post that its security team detected the attack on Jan. 12 and quickly identified the group responsible: Midnight Blizzard, “the Russian state-sponsored actor also known as […]

Tony Anderson/Getty Images (NEW YORK) — The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to “Good Morning America.” The cost of first-class stamps will rise from 66 cents to 68 cents for letters weighing one ounce or less. Package shipping costs will also increase by nearly six percent, with […]

Marko Geber/Getty Images (NEW YORK) — Sports Illustrated employees were notified on Friday that their jobs were being terminated. The Sports Illustrated union posted on X: “This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship. We are calling on ABG to […]

(NEW YORK) — U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans’ combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York. By comparison, combined credit card balances were $680 billion a decade ago, according […]

(NEW YORK) — Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next? Amazon and Google each imposed cuts, with Apple shutting down a 121-person team in San Diego, Calif., telling workers they must either transfer to Texas or leave […]

(NEW YORK) — U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, the report said. […]

(NEW YORK) — Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers’ finances introduced a new rule to rein in overdraft fees charged by banks. Americans paid a total of nearly $300 billion in overdraft fees over the […]

(NEW YORK) — Several major retailers are re-evaluating self-checkout for customers after analysts have seen inventory loss. “Retailers are really starting to use technology in order to look at the shrink problem,” Hitha Herzog, chief research officer of H Squared Research, told ABC News’ Good Morning America. “The technology that is powering self-checkout is also […]

(NEW YORK) — Electric vehicle charging stations could spring up at gas stations and grocery stores throughout Wisconsin, after the state Senate passed a proposed bill on Tuesday. The bill, which passed by a 30-2 vote, would ease restrictions on businesses that install chargers and impose a tax on electricity sold to electric vehicle owners. […]