Business

(WASHINGTON) — The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a significant cooldown of price increases in recent months. The rate hike brought the Fed’s benchmark interest rate to a 22-year high of between 5.25% and 5.5%. Inflation has fallen significantly from a peak last summer, but […]

(NEW YORK) — For couples ready to take that next step together, there’s nothing like planning a wedding — then going into sticker shock after discovering just how much it’s going to cost. The average cost of a wedding in 2022 was about $30,000, according to wedding planning site The Knot. And that figure isn’t […]

(NEW YORK) — Alarm over a possible recession has blared for well over a year, but in recent months a cooldown of inflation alongside resilient job gains has quieted the din. Growing optimism among some forecasters that the economy could avoid a recession altogether, however, faces a pair of tests this week. The Federal Reserve […]

(WASHINGTON) — The Federal Reserve on Wednesday will decide whether to revive an aggressive series of interest rate hikes and may indicate a willingness to soon end its full-throttle inflation fight. Last month, the central bank left its benchmark interest rate unchanged, ending a string of 10 consecutive rate increases that stretched back 15 months. […]

(NEW YORK) — If you travel often, you’ve probably heard the rule of thumb, to book during the opposite season — sort of like Christmas in July or buying a winter coat at a deep discount during summer. Experts say the logic is the same for booking holiday flights or a winter getaway for less. […]

(NEW YORK) — UPS and the International Brotherhood of Teamsters, a union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement. Contract negotiations between UPS and the Teamsters restarted on Tuesday after breaking down earlier this month. The two sides faced a July 31 deadline, at which point the Teamsters […]

Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (NEW YORK) — Picnics are synonymous with summertime, and while it can be fun to curate the perfect combination of snacks and foods at home, Shake Shack is making it easier than ever with its new “Veg Out” kit, complete with the chain’s newest plant-based menu items. Shake Shack, […]

Trader Joe’s (NEW YORK) — Trader Joe’s shoppers should check their pantries for two kinds of the company’s cookie products that were recently recalled because they “may contain rocks.” The retailer announced in a press release on July 21 that it had been notified about the possible contamination by a supplier. The two kinds of […]

Stella/Getty Images (NEW YORK) — Books, binders, pens and pencils are just a few of the necessities students across the country will need as the upcoming school year awaits. But a lengthy list of school supplies may have families sweating the price tags associated with these essential items. Luckily, starting this week, several states that […]

(NEW YORK) — TikTok has added a new feature that allows users to create text-only posts with the change coming just a day after Twitter rebranded itself and less than three weeks after Facebook released Threads as competition between the social media giants continues to escalate. “At TikTok, we’re always looking to empower our creators […]