Business

(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 […]

(NEW YORK) — When it comes to the password habits of Americans, there’s some room for improvement. But some tech companies are hoping a new security technology known as a “passkey” may offer a solution. Passkeys, as they’re known, is a new security technology that works by having a person’s smartphone generate unique cryptographic “key,” which […]

(NEW YORK) — A better-than-expected jobs report on Friday defied interest rate hikes that aim to slash inflation by cooling the economy. Instead, the U.S. added 253,000 jobs in April, marking a slight decline from an average of 290,000 over the previous six months. The unemployment rate fell to 3.4%, matching a 54-year low, government […]

(NEW YORK) — Former first lady Michelle Obama has announced her latest venture, PLEZi Nutrition, aimed at creating healthy food and beverage options for parents to give “healthier, great-tasting products” to their kids. Obama first shared the news of the public benefit company, whose purpose is to “help raise a healthier generation of kids,” during […]

(LOS ANGELES) — Shares of PacWest Bancorp plunged more than 50% in early trading on Thursday, marking the latest spasm of financial distress after three of the nation’s 30-largest banks fell within a matter of weeks. In all, PacWest stock has fallen more than 85% this year, erasing hundreds of millions of dollars in value. […]