Business

LPETTET/Getty Images (NEW YORK) — The Powerball jackpot has grown to $750 million for Wednesday night’s drawing — the game’s sixth-largest prize ever. The top prize has a cash value of $378.8 million. The Powerball jackpot was last hit on April 19. There have been 35 consecutive drawings without a win since someone in Ohio […]

(SAN FRANCISCO) — The slew of closures of retail stores in San Francisco in recent months doubles as a roundup of well-known shopping brands: Whole Foods, Old Navy and Nordstrom, among others. Nearly half of the stores in the city’s downtown shopping district have closed since 2019, the San Francisco Standard found in May. In […]

(WASHINGTON) — Consumer prices rose 3% last month compared to a year ago, marking a significant slowdown and raising hopes that a prolonged bout of heightened inflation is nearing its end. The fresh data Wednesday morning from the Bureau of Labor Statistics arrives days after a government release indicated that hiring slowed last month but […]

(WASHINGTON) — Inflation data to be released on Wednesday will show whether the U.S. economy extended a monthslong cooldown of price increases in June, offering further relief for consumers and welcome news for the Federal Reserve as it weighs an additional interest rate hike. The fresh data arrives days after a government release indicated that […]

(NEW YORK) — Bank of America was ordered to pay more than $100 million to customers for double-charging accounts with insufficient funds, denying reward payments to credit card holders and using personal data to open accounts without a client’s knowledge, the Consumer Financial Protection Bureau said on Tuesday. The second-largest U.S. bank harmed hundreds of […]

LPETTET/Getty Images (NEW YORK) — The Powerball jackpot for Wednesday’s drawing rose to $725 million after no one won on Monday. A single winner would take home an estimated $366.2 million cash option before taxes — the ninth-largest Powerball jackpot on record. There was no big winner on Monday, but the lucky numbers for anyone […]

LPETTET/Getty Images (NEW YORK) — The Powerball jackpot for Monday’s drawing rose to $675 million after no one won on Saturday. A single winner would have taken home an estimated $340.9 million cash option before taxes — the ninth largest Powerball jackpot on record and the second largest Powerball jackpot of 2023. Officials, however, announced […]

(NEW YORK) — Negotiations broke down this week between UPS and its Teamster-represented workers, weeks before their contract is set to expire. As a potential strike looms, UPS workers across the country have been holding “practice pickets,” holding signs that say, “Just practicing for a just contract.” Here’s what you need to know about the […]

(NEW YORK) — Workers for UPS are edging closer to a strike after a breakdown in talks between the delivery giant and the Teamsters union representing its employees. Both sides have accused each other of walking away from negotiations. A walkout would have ripple effects across the entire economy, with the company employing 340,000 workers […]

(NEW YORK) — Years after the death of George Floyd shined a spotlight on societal inequities, diversity professionals say some companies are turning their backs on the progress that’s been made to address them. Madison Butler is one of the many diversity, equity, and inclusion (DEI) professionals that companies previously brought on their payroll to […]