Business

(NEW YORK) — Shoppers are flocking to Costco for gold bars but they’re hardly the only ones scooping up the precious metal. Investors drove gold prices to a record high on Friday, the latest surge in a 17% rally so far this year. Over that period, bullion prices have climbed more than twice as fast […]

(NEW YORK) — The Buy Now, Pay Later (BNPL) trend, a significant shift in shopping habits, emerged as a game-changer during the recent holiday season. It broke records and offered customers a refreshing alternative to traditional methods of making large purchases. The BNPL payment option generated $16.6 billion in online sales during the 2023 holiday […]

(NEW YORK) — Tax season, beloved by few and dreaded by many, comes to a close on Monday. For some tardy filers, though, the task will just be getting started. Up to one in three Americans waits until the last minute to file their taxes, according to a 2021 survey by IPX 1031. That amounts […]

(NEW YORK) — Boeing has come under fire and intense scrutiny ever since a door plug flew out of an Alaska Airlines flight on Jan. 5. Investigators revealed the plane, a 737 Max, was missing key bolts when the door was installed. The company has been accused of not doing enough to ensure its aircraft […]

(NEW YORK) — Consumers saddled with high credit card and mortgage rates held onto a source of solace in recent months: A forecast from the Federal Reserve promising long-awaited interest rate cuts. The economy has refused to cooperate, however, casting that financial relief into doubt. Fresh price data released on Wednesday marked the third consecutive […]

(NEW YORK) — Starting Wednesday, internet users will now have more transparency about their broadband services. The Federal Communications Commission now requires broadband providers to display all the information about the price and performance of their services in clear labels. Alejandro Roark, the chief of the consumer and governmental affairs bureau for the FCC, spoke […]

(WASHINGTON) — If the U.S. Postal Service gets its way, the price of a first-class stamp will go up for the fourth time in less than two years. The USPS is proposing hiking the cost of a first-class stamp to 73 cents, or roughly 7% on all forms of postage. If approved, the plan, which […]

(NEW YORK) — Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed. The finding matched economists’ expectations. Price increases have cooled dramatically from a peak of […]

(NEW YORK) — Elected officials, investors, and everyday households await fresh inflation data on Wednesday that is set to reveal whether the fight to cool price increases remains mired in a rough patch. Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage point higher than […]

(NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%. Shrinking car sales, major setbacks in […]