Business

(NEW YORK) — The Laundress is recalling hundreds of thousands of laundry products four months after issuing a separate recall of millions of laundry detergent and cleaning products. On Friday, the company announced it was issuing a voluntary recall of about 800,000 of its fabric conditioners, which are billed as products that help “eliminate static […]

(NEW YORK) — A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News. The alliance of countries known as OPEC+, led by Saudi Arabia and Russia, agreed on Sunday to cut oil output by 1.2 million barrels per day starting in […]

(NEW YORK) — Endeavor, the parent company of UFC, acquired World Wrestling Entertainment on Monday in a merger that values the WWE at $9.3 billion, forming a worldwide combat sports behemoth, the companies said in a joint announcement. Ari Emanuel, the CEO of Endeavor, will remain the head of the newly formed company, which holds […]

(NEW YORK) — Encircled by camera-wielding supporters and journalists, Chris Smalls popped a bottle of champagne one year ago today to celebrate a watershed election that established the first-ever U.S. union at Amazon — but the celebratory times for the union wouldn’t last. Smalls, a former warehouse worker at the company’s facility in Staten Island, […]

(NEW YORK) — Starting April 1, Twitter users who don’t subscribe to Twitter Blue are going to have to say goodbye to their blue check marks. Recent changes implemented under Elon Musk, the company’s CEO, mean anyone who subscribes to Twitter Blue gets a blue “check” icon next to their profile. But that wasn’t always […]

Jetson Electric Bikes recalls 42-Volt Rogue Self-Balancing Scooters/Hoverboards due to fire hazard. — CPSC (WASHINGTON) — After two deaths, approximately 53,000 hoverboards are being recalled due to fire risks, the U.S. Consumer Product Safety Commission (CPSC) said Thursday. The voluntary recall impacts certain Jetson Rogue self-balancing scooters — also known as hoverboards — which were […]

(SEATTLE) — Seattle will provide paid sick and safe leave for most gig workers under a new law, becoming the first U.S. city to guarantee such benefits on a permanent basis for app-based employees. Workers who perform tasks for companies like Instacart, Postmates and DoorDash will accrue a day of paid sick leave for every […]

(NEW YORK) — Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment unsealed Tuesday in the Southern District of New York. The new charge brings to 13 the total number of counts Bankman-Fried faces, all […]

Justin Sullivan/Getty Images, FILE (NEW YORK) — Roku plans to lay off another 200 workers, or 6% of its workforce, the video-streaming company said in a government filing on Thursday, just months after a prior round of layoffs in the fall that slashed 200 jobs. The company’s revenue surged during the pandemic when customers stuck […]

(NEW YORK) — Artificial intelligence-driven language models have garnered millions of users in recent months, instantly whipping up viral sensations like a biblical verse about how to remove a peanut butter sandwich from a VCR. However, the AI-enhanced chat bots pose significant dangers that far outweigh the benefits, according to a group of tech leaders, including […]