Business

(NEW YORK) — JPMorgan Chase trumpeted its $175 million acquisition of a college financial planning company called Frank in 2021, boasting that the firm served more than five million students. Little more than a year later, however, the nation’s largest bank sued Frank founder Charlie Javice, saying she and another executive from the company deceived […]

(WASHINGTON) — The Federal Reserve’s staff is more worried about the U.S. economy tipping into a recession after the recent banking crisis, the minutes from the central bank’s meeting in March reveal. Economists at the Federal Reserve said they expect a “mild” recession later this year, an escalation from their previous assessment. “Given their assessment […]

(NEW YORK) — The head of the government agency that oversees recalls is making an urgent plea when it comes to getting a recalled baby product off the market. Alexander Hoehn-Saric, chair of the Consumer Product Safety Commission, sent letters Wednesday to Meta, the parent company of Facebook, and Mattel, the maker of the Fisher-Price […]

(SAN FRANCISCO) — Whole Foods is temporarily closing a large store in downtown San Francisco due to concerns over employee safety, the company said on Wednesday. The closure arrives roughly a week after the high-profile killing of Cash App Founder Bob Lee in San Francisco, which sparked crime fears among some city residents. Overall, crime in […]

(NEW YORK) — NPR will stop sharing content on Twitter, the company announced Wednesday — a rebuke of certain labels the social media platform attached to the news outlet. The international media non-profit said the categorization — first as “US state-affiliated media” and later “government-funded media” — prompted the outlet to stop posting “fresh content to […]

(NEW YORK) — Several attorneys general announced a new $462 million settlement from e-cigarette manufacturer JUUL Labs on Wednesday. The settlement is the largest multistate settlement which includes the most “stringent restrictions on the company’s marketing and sales to protect and to prevent minors from vaping,” New York Attorney General Letitia James said during a press […]

(NEW YORK) — Consumer prices rose 5% last month compared to a year ago, extending a months-long slowdown of price increases as the Federal Reserve aims to bring inflation down to normal levels without pushing the U.S. into a recession, government data on Wednesday showed. The fresh data showed the lowest year-over-year inflation rate since […]

(NEW YORK) — A New Jersey mom is speaking out after she claims United Airlines staff refused to accommodate her son’s “life-threatening” peanut allergy during a recent flight. Lianne Mandelbaum said she, her husband and their son Josh were traveling home on March 13 from Texas, where they had been visiting a college, when she […]

(NEW YORK) — Investors and consumers on Wednesday will closely watch the release of fresh inflation data, which will show whether price increases continued a months-long slowdown in March. The data release arrives less than a month after the Federal Reserve imposed the latest in a string of borrowing cost increases, despite concern that previous […]

Scott Olson/Getty Images (NEW YORK) — A staple in many American kitchens could soon be coming to an end. Tupperware, which has been in American homes for more than 75 years, is now saying it could soon go out of business. The news sent stock prices plummeting nearly 50% on Monday. Analysts say the brand […]