Business

RapidEye/Getty Images (NEW YORK) — Uber and Lyft agreed Thursday to pay a combined $328 million for withholding money from drivers. Uber agreed to pay $290 million and Lyft $38 million in what New York Attorney General Letitia James called the largest wage-theft settlement her office has ever secured. The money will be distributed to […]

(WASHINGTON) — The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank’s fight to cool price increases. The move allows previous rate increases to take greater hold of the economy and grants the central bank time to assess whether another hike will be necessary. Inflation stands well below […]

(WASHINGTON) — Two senators are asking U.S. regulators to address “unfair” practices in airlines’ frequent flyer programs. In a letter sent Monday night, Dick Durbin, D-Ill., and Roger Marshall, R-Kan., asked the Department of Transportation and the Consumer Financial Protection Bureau to help “protect consumers against unfair and deceptive practices in airlines’ frequent flyer and […]

(NEW YORK) — Jurors will soon begin deliberating in the trial of FTX founder Sam Bankman-Fried, nearly a year after the cryptocurrency trading platform’s collapse, as federal prosecutors are accusing him of orchestrating one of the largest financial frauds in U.S. history. Bankman-Fried, 31, faces seven counts of fraud, conspiracy and money laundering centered on […]

(NEW YORK) — With less than one month until Thanksgiving and the start of the winter holiday season, Americans are already eyeing grocery prices to gauge how much their festive gatherings are going to cost this year. Experts are encouraging consumers to start making shopping plans early for the holiday feast with a budget in […]

(WASHINGTON) — Once bemoaned as a source of recession worries, the U.S. economy has become a wellspring of good news: blistering growth, robust hiring and consumers opening their wallets for everything from concert tickets to bar tabs. The strong performance complicates the fight to dial back inflation, posing a quandary for the Federal Reserve as […]

(WASHINGTON) — President Joe Biden issued a wide-ranging executive order on Monday that aims to safeguard against threats posed by artificial intelligence, ensuring that bad actors do not use the technology to develop devastating weapons or mount supercharged cyberattacks. The move stakes out a role for the federal government in a nearly half-trillion-dollar industry at […]

(DETROIT) — General Motors has reached a tentative deal with United Auto Workers to end their strike, GM and the union confirmed Monday. GM joins Stellantis and Ford, which reached deals in the last week. The tentative agreements, which must be ratified by union members at each of the respective carmakers, could end the strike […]

(NEW YORK) — General Motors has reached a tentative deal with United Auto Workers to end their strike, according to two sources familiar with the talks. GM joins Stellantis and Ford, which reached deals in the last week. The tentative agreements, which must be ratified by union members at each of the respective carmakers, could […]

(NEW YORK) — It was an outlandish concept. Take a Lamborghini Huracan — a low-slung, outrageously fast coupe — and transform it into an “all-terrain super sports car.” Lamborghinis are built for racetracks, not gravel, sand and mud. The company’s execs, however, had a hunch that enthusiasts would pay up for a limited-edition Huracan that […]