Business

(NEW YORK) — Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve’s preferred measure, the Personal Consumption Expenditures price index. The information is the latest in a string of good news for price increases, but a major disruption of global trade could threaten that progress, some experts said. […]

Forever Stamp display at Costco, Queens, New York on March 1, 2023. UCG/Universal Images Group via Getty Images, FILE (NEW YORK) — While we welcome the new year, we’ll also be welcoming an increase in the cost of mailing letters and packages. Starting Jan. 21, the U.S. Postal Service will increase stamp prices from 66 […]

(NEW YORK) — Workers at a Wells Fargo branch in New Mexico voted to form a union late Wednesday, becoming the first employees at a U.S. megabank to unionize. Employees at an Albuquerque location favored unionization by a margin of 5-3, establishing a small outpost for organized labor at a company that operates more than […]

(NEW YORK) — Breakfast foods maker General Mills, the brand behind familiar cereals like Cheerios, Lucky Charms and Wheaties, may not be a consumer favorite anymore as the company experiences slowing sales and increasing price hikes. In the company’s latest quarterly financial report, General Mills’ CEO Jeff Harmening blamed the drop on “stronger-than-anticipated value-seeking behaviors,” […]

(NEW YORK) — Drugstore chain Rite Aid has accepted a ban of its use of facial recognition software for five years due to false accusations stemming from the technology that disproportionately affected people of color, the Federal Trade Commission said. The retailer failed to impose reasonable precautions in its deployment of facial recognition, resulting in […]

ivanastar/Getty Images (NEW YORK) — The famously “closed on Sundays” chicken sandwich fast-food chain could soon be required to fire up the fryers and serve hungry travelers in some locations. The New York State Assembly has put forth a new bill, known as the Rest Stop Restaurant Act, that would require food and beverage companies […]

USDA.gov (NEW YORK) — Approximately 26,550 pounds of frozen TGI Fridays boneless chicken bites products have been recalled due to possible contamination with “clear, hard plastic,” the U.S. Department of Agriculture’s Food Safety and Inspection Service announced. “The problem was discovered when the firm notified FSIS that it had received consumer complaints reporting that clear, […]

(NEW YORK) — Mortgage and loan giant Mr. Cooper was hit with a cyberbreach that involved “substantially all of our current and former customers” sensitive personal information, according to filings with state and federal regulators. “The personal information in the impacted files included your name, address, phone number, Social Security number, date of birth, bank […]

(NEW YORK) — When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a “soft landing.” Arriving less than a year before the presidential contest, the announcement raised a separate consideration: What the rate cuts could mean for President Joe Biden’s […]

WIN-Initiative/Neleman/Getty Images (NEW YORK) — Nikola founder Trevor Milton was sentenced to four years in prison Monday due to fraudulent claims about his electric vehicle company. In court Monday, Milton portrayed himself as a generous and honest yet unsophisticated businessman who grew up milking cows, lacked a college degree and did not mean to defraud […]