Business

(NEW YORK) — Consumer prices rose 4.9% last month compared to a year ago, extending a monthslong slowdown and bolstering hopes that inflation will continue its return back to normal levels. The fresh data aligns with the Federal Reserve’s effort to slow the economy and slash prices while averting a recession. In a note of […]

(NEW YORK) — Although it’s been over 20 years since Marisa Bardach Ramel’s mom Sally died in 2002, the Colorado-based author said she’s caught by surprise every year when Mother’s Day rolls around. “Each year, I think I’m far enough away from it where it’s not going to bother me, and each year, it bothers […]

(NEW YORK) — Customers at the bakery Nothing Bundt Cake, in Memphis, Tennessee, choose items from snickerdoodle, red velvet and blueberry bliss, among other flavors. But patrons cannot avoid the surging prices. Amy Lupo, who runs three Memphis-area company franchises, said a jump in the cost of ingredients over the past year has caused her […]

(NEW YORK) — Fresh inflation data on Wednesday will show whether price hikes slowed for the tenth consecutive month in April, easing financial pain for U.S. households and bolstering hopes that price increases are on their way back to normal levels. The data arrives one week after the Federal Reserve escalated an aggressive series of […]

(NEW YORK) — Millions of Americans are planning summer trips in what could be the busiest summer travel season in years. Where you go and how you get there will determine if this summer’s trip will be the most expensive yet. This summer will mark the first without most pandemic-era travel restrictions. Demand for travel […]

ABC News (NEW YORK) — Sam Bankman-Fried on Monday sought to dismiss most of the criminal charges he faces in connection with the collapse of FTX, the crypto exchange he founded. Bankman-Fried filed a motion to dismiss 10 of the 13 counts he faces, including fraud, conspiracy and foreign bribery. The two-page motion included a […]

(KEMMERER, Wyo.) — TerraPower, founded by billionaire and Microsoft co-founder Bill Gates in 2008, is opening a new nuclear power plant in Kemmerer, Wyoming. The plant will be the first of its kind, with the company hoping to revolutionize the nuclear energy industry in the U.S. to help fight climate change and support American energy […]

EllenMoran/Getty Images (WASHINGTON) — President Joe Biden and Transportation Secretary Pete Buttigieg on Monday plan to announce a new rulemaking process to look at requiring airlines to compensate passengers who experience inconvenience because of “controllable airline cancellations or significant delays.” The process is expected to include compensation, along with refunds and other amenities, in certain […]

(NEW YORK) — McDonald’s customers are more reluctant to add fries to their order, grocery shoppers are less willing to swallow the elevated price of Unilever mayonnaise and Target customers are balking at some high-priced items. Executives from each of these companies mentioned the respective observations in recent earnings calls or reports, suggesting an emerging […]

(NEW YORK) — The Jeep Wrangler can ford rivers, crawl over boulders, traverse deserts and blaze through uncharted territory. Fierce yet affordable, the humble 4X4 has long been the go-to vehicle for outdoor enthusiasts. These days, however, the rugged sport utility vehicle may seem more like a luxury ute than off-roading warrior. Last month, Jeep executives […]